Exchange rate determination for export goods sets formal conversion rates to guide customs valuation and export compliance.
Determination of exchange rates for specified foreign currencies for conversion into Indian currency and vice versa for export goods, fixing the rate of exchange for each listed currency to be applied by customs and exporters for valuation and compliance, effective from the first day of January following issuance.

Exchange rate determination for imported goods: prescribed currency conversion rates govern stamp duty and customs valuation.
The Central Government prescribes fixed exchange rates for specified foreign currencies for calculating stamp duty under the Indian Stamp Act and for determinations under section 14 of the Customs Act insofar as they relate to imported goods; a Schedule lists each currency with its corresponding conversion figure to be applied, superseding the prior notification and taking effect from the stated commencement date.

Amendment to Customs notification adds new schedule entry under Customs Act and Finance Act authority.
The Central Government, invoking section 25(1) of the Customs Act, 1962 read with section 111(4) of the Finance Act, 1992, amends Notification No. 190/92-Customs by inserting after Serial No. 323 a new Serial No. 324 and its entry, adding a reference to Notification No. 307/92-Customs dated 28th December, 1992 into the Schedule.

Customs duty exemption for EPCG capital goods: concessional duty rates conditioned on fulfilment and verification of export obligations.
Concessional customs treatment for capital goods imported under the EPCG Scheme reduces basic duty to specified ad valorem rates and exempts additional duty, conditional on a valid EPCG licence, licence particulars, production of the licence at clearance, bond execution certificate from the Licensing Authority, and a customs declaration to pay duty if conditions fail. The Table sets 25% duty for an export obligation of three times CIF over four years and 15% duty for four times CIF over five years for SKD/CKD capital goods, with provisions for limited spare parts and conditional extensions or condonation subject to Public Notice.

Capital goods import conditions require presentation of EPCG licence at clearance and set definition and valuation rules.
The amendment requires that imported capital goods be covered by a valid EPCG licence produced for debit at customs clearance; defines "Capital Goods" to include plant, machinery, accessories, packing and testing equipment, R&D equipment, refractories, power generating sets, and spare parts limited to 10% of the CIF value; and provides that for second hand capital goods the CIF value shall be the CIF value of corresponding new capital goods as determined by the licensing authority.

Auxiliary duty amendment: schedule updated to add new customs notification entry altering exemption framework under Finance Act authority.
The Central Government, under subsection (1) of section 111 of the Finance Act, 1992, amends Notification No. 190/92-Customs by inserting after Sl. No. 322 a new schedule entry designated Sl. No. 323, which records Notification No. 304/92-Customs dated 24th December, 1992, thereby adding that notification to the Schedule of miscellaneous exemption notifications under the customs tariff.

Customs exemption for wet-leased aeroplanes limits duty by export-timing, subject to bond and re-export obligation.
Exemption from customs duty is granted for aeroplanes under Heading No. 88.02 imported on a wet lease basis and not intended to be registered in India, subject to evidence at clearance and a bond that the aircraft will not be registered, will be re-exported within the declared period, and that the importer will pay the difference between full import duty and duty paid if conditions are breached; duty payable is determined by a Table prescribing percentages of import duty according to the expected period before export.

Auxiliary duty amendment inserts a new schedule entry, modifying the customs exemption framework under delegated tax powers.
The Central Government, invoking powers under the Customs Act and the Finance Act, amends Notification No.190/92-Customs by inserting a new Schedule entry-S. No. 322-referring to Notification No.302-Customs (dated 24th December, 1992), thereby modifying the Schedule to that notification in relation to auxiliary duty/exemption provisions.

Customs exemption: ammonia and cyclohexane imported for caprolactam manufacture limited to a capped ad valorem duty rate.
Exemption removes customs duty on ammonia and cyclohexane in Chapters 28 or 29 when imported for manufacture of caprolactam, limiting duty payable to an amount not exceeding the duty calculated at a specified ad valorem rate, thereby providing targeted tariff relief for those qualifying inputs.

Customs exemption amendment adds toilet soap to notified exempt goods under Customs Act authority framework
Central Government, under section 25(1) of the Customs Act, 1962, amends Notification No. 203/90-Cus. by inserting, after serial No. 103 in the Table to that notification, a new serial number 104 with the entry "Toilet Soap", via Notification No. 301/92 dated 11-12-1992.

Appointment of customs port expanded to permit unloading of wheat alongside fertilisers and dead burnt magnesite.
The Central Government amends Notification No. 43/87-Customs by substituting the phrase "for unloading of fertilisers and dead burnt magnesite" with "for unloading of fertilisers, dead burnt magnesite and wheat," thereby authorising the appointed customs port to accept wheat for unloading; the amendment is made under the powers of the Customs Act, 1962.

Inland Container Depot designation enables specialized customs handling of diamonds, precious stones and jewellery for import unloading and export loading.
The Central Government designates Surat Hira Bourse at Diamond Industrial Park, Sachin, Surat as an Inland Container Depot under clause (aa) of section 7 of the Customs Act, 1962 for unloading imported goods and loading export goods, limited to diamonds, precious and semi precious stones, pearls, jewellery of precious metals, industrial diamonds (natural and synthetic) including powders, and synthetic stones.

Auxiliary duty amended to add a new schedule entry under customs Act powers and finance Act authority.
Exercising powers under section 25(1) of the Customs Act, 1962 read with section 111(4) of the Finance Act, 1992, the Central Government amends Notification No. 190/92-Customs by inserting, after Serial No. 320 in the Schedule, an additional serial entry referencing the subsequent customs notification, thereby adding a new schedule entry to the tariff/exemption framework.

Exemption for pass-book imports allows duty-free importation subject to bond, port restrictions and fulfillment of export obligations.
Exemption permits duty-free importation against a Self Declared Pass Book issued under para 54 of the Export and Import Policy 1992-1997, conditional on production of the prescribed Pass Book, execution of a bond or undertaking and a declaration to pay duties where conditions are unmet. Clearance requires a debit entry by customs; imports/exports are limited to listed ports unless specially permitted. Export obligations must be discharged within two years or extended by the Director General of Foreign Trade, with restrictions on input-stage excise credit, prior facility claims and drawback where Pass Books lack quantity restrictions.

Warehousing station designation permits operation of customs bonded warehouses under statutory authority for the specified town.
The Central Board of Excise and Customs, invoking section 9 of the Customs Act, declares Ambur Town in Vaniyambadi Taluk, North Arcot Ambedkar District, Tamil Nadu, to be a warehousing station, thereby designating it as a location for customs warehousing and associated administrative treatment.

Exchange rate determination for export goods sets prescribed foreign currency conversion rates for customs valuation and clearance, effective prospectively.
The Central Government fixes prescribed conversion rates between specified foreign currencies and Indian currency for purposes of customs treatment of export goods, declaring an effective date for those rates and publishing an operative Schedule listing each foreign currency alongside its corresponding rate to be applied in export-related customs conversions.

Exchange rate notification sets conversion rates for imported goods, determining rates for stamp duty and customs valuation.
The Central Government, under section 20(2) of the Indian Stamp Act and section 14(3)(a)(i) of the Customs Act, prescribes specific foreign currency conversion rates for calculating stamp duty and determines the rates applicable to imported goods for the purposes of section 14; the Schedule sets the rate of each listed foreign currency equivalent to Rs. 100 to be used for conversion into Indian currency or vice versa, effective from the 1st day of December, 1992.

Customs exemption wording changed to require specified goods be for providing transport for tourists, and definition expanded.
The amendment to Notification No. 283/92-Customs substitutes wording in clause (a) of the second proviso so the exemption applies where specified goods are required for providing transport for tourists, and expands the Explanation by replacing "Tour Operator" with "Tour Operator, Tourist Transport Operator".

Auxiliary duty exemption on catalysts produced from exported precious metals: claimable subject to production cost, timing and documentary conditions.
Exemption from auxiliary duty applies to catalysts containing platinum, palladium or silver produced from exported metal or metal recovered from exported spent catalyst, limited to the portion of duty exceeding an ad valorem threshold representing production or processing costs (labour, materials excluding the exported metal, other production charges) and insurance and freight both ways, subject to conditions: import within the prescribed period, no drawback claimed on export, and sufficient evidence that the catalysts were produced from the exported metal.

Customs exemption for catalysts from recovered precious metals limits duty to production and transport costs, subject to conditions.
Exemption applies to catalysts of platinum, palladium or silver produced from exported metal or metal recovered from exported spent catalyst; duty is limited to the amount payable if value equals production or processing costs (labour charges, cost of materials excluding the exported metal, other production charges) plus insurance and freight both ways, subject to import within two years of export, no drawback claimed or paid on the export, and sufficient evidence that the catalysts were produced from the exported metal.