|
Regarding amendment of section 20 by Finance Act, 1995 consequences
thereof from import Trade Control Angle
Circular No. 55 dated 5th
November 1996
I am directed to refer
your letter F.No. S/ 3-70/ 95-DP CC S/ 26 - 56/ 95- A (G) dated 12-9-96 on the
subject mentioned above and to enclose herewith a copy of Circular No. 21/ 11/
92/ LS dated 30-0-1996 along with a copy of Notification dated 26-9-1996 issued
by the Ministry of Commerce, Directorate General of Foreign Trade, New Delhi for
your information and necessary action.
Notification dated 26th
September 1996
In Exercise of the powers
conferred by Section 3 read with Section 4 of the Foreign Trade (Development and
Regulation) Act, 1992, the Central Government hereby makes the following
amendment in the Foreign Trade (Exemption from Application of Rules in certain
cases) order, 1993, published vide Notification of the Government of India in
the Ministry of Commerce No. SO.. 1056(E) dated 31st December, 1993, namely:
In the said Order, in item
(K) of sub-paragraph (1) of paragraph 3, for the words, numbers and letters,
"Notification No. 80 dated 29th August, 1970" the following shall be
substituted, namely:
"Notification No. 80
dated 29th August, 1970, or Ministry of Finance (Department of Revenue)
Notification No 97/ 95 customs dated 26 Th. May, 1995, or Notification No. 158/
95-Customs dated the 14th November, 1995",
Circular No. 21/ 11/ 92/
LS/ dated 30th September 1996
Foreign Trade
(Exemption from application of Rules in certain Cases) Order, 1993
The Central Govt. have
amended the Foreign Trade (Exemption from Application of Rules in certain Cases)
Order, 1993, to include Customs Notification No. 97/ 95-Customs dated the 26th
May, 1995 and Notification No. 158/ 95-Customs dated the 14th November, 1995
also for the purpose of Exemption from Application of Foreign Trade (Regulation)
Rules, 1993. Copy of the Notification dated 26.9.96 together with its Hindi
version is enclosed for information.
|