Exchange rate amendment updates customs schedule entries, changing notified currency rates and governing import valuation compliance.
The Central Government amends Notification No. 43/93-Cus. (N.T.) by substituting Schedule I entries for serial Nos. 1 and 13, replacing those entries with new notified rates for the Austrian Shilling and the Swiss Franc; the revised rates are effective from 22nd September, 1993 and serve as the authoritative exchange rates for customs valuation and related regulatory purposes.

Exchange rate amendment updates Swiss Franc conversion rate under Indian Stamp and Customs enactments, taking effect late September.
Amendment substitutes Schedule I serial No. 13 to set the Swiss Franc rate at 22.46, effective from 22nd September, 1993, under the Central Government's authority derived from sub-section (2) of section 20 of the Indian Stamp Act, 1899 and sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962, thereby amending Notification No. 42/93-Cus. (N.T.).

Customs exemption amendment expands the list of partner countries whose imports of specified goods are covered under the exemption.
Amendment expands the list of countries covered by the exemption in Notification No. 236/89-Cus by inserting additional country entries into Appendix I and by adding entries to Appendix II, effected under the Central Government's powers under section 25(1) of the Customs Act, 1962, on the ground of public interest.

Exemption for bona-fide gifts imported by courier or under tariff heading, subject to value limit and exclusion of postal charges.
Bona-fide gifts (excluding alcoholic drinks) imported by courier or falling under tariff heading 98.04 are exempt from customs duty and additional duty, subject to a prescribed value limit; postal charges and air freight are excluded from the value determination.

Customs duty exemption for export zone imports allowed subject to authorisation, bonds, usage and export obligations.
Specified goods imported into the Vishakapatnam Export Processing Zone are exempt from customs duty when used for production, packaging or promotion of exports, conditional on unit authorisation, import licences, Development Commissioner approval, execution of a bond securing export obligations, use and accounting within the Zone, and compliance with transfer, re export and temporary removal permissions; duty becomes payable where goods are not used, re exported or accounted for as required, with prescribed exemptions for lost, damaged, scrap, samples, training goods and approved transfers.

Customs exemption caps ad valorem duty on specified imports for the National Stock Exchange Project under statutory authority.
The Central Government, exercising statutory power in the public interest, exempts goods under the relevant tariff heading imported for the stock exchange project from customs duty in excess of the amount calculable at a specified ad valorem rate, thereby limiting payable duty to that ad valorem ceiling.

Customs exemption: National Stock Exchange Project added to notification under Customs Tariff Act for tariff treatment.
The Central Government, under sub-item (6) of heading No. 98.01 of the First Schedule to the Customs Tariff Act, 1975 and for reasons of economic development, amends Notification No. 110/86-Customs by inserting a new Serial Number (24) listing the National Stock Exchange Project, immediately after Serial Number (23), to include that project within the notification's exemption framework.

Customs tariff scope expanded to include machinery, components and raw materials altering previous chapter-based coverage.
The Government amends the earlier customs notification by substituting the phrase "goods falling within Chapters 84, 85 or 90 of" with "machinery, instruments, apparatus and appliances, components (whether finished or not) or raw materials for the manufacture of aforesaid items and their components, falling within", thereby broadening the notification to cover specified machinery, components and manufacturing inputs rather than solely chapter-based goods classifications.

Customs notification amendment alters exemption coverage, omits a table entry and inserts a tariff item for specified notifications.
Central Government directs amendments to three customs exemption notifications: substitute the reference Chapter 29 with Chapter 29 or Chapter 30 in Notification No. 213/88; omit Serial No. 4 and its entries from the Table to Notification No. 250/92; and insert a new tariff item "4. 8-DM" after item 3 in the Table to Notification No. 20/93, thereby modifying the coverage and entries of those exemption schedules.

Customs duty exemption for L-Base imports enables reduced duty on inputs for chloramphenicol manufacture under public interest notification.
The Central Government, invoking section 25(1) of the Customs Act, exempts imported L-Base falling within the First Schedule to the Customs Tariff Act when imported for manufacture of Chloramphenicol powder or Chloramphenicol palmitate, from so much of the customs duty leviable thereon as exceeds the notified ad valorem rate; the exemption is stated to be in the public interest.

Customs exemption for rHu Erythropoietin waives excess import duty and entire additional duty under tariff law.
The Central Government exempts rHu Erythropoietin (Hemax) within Chapter 30 from customs duty in excess of an amount calculated at a fixed ad valorem rate and from the whole of the additional duty leviable under the Customs Tariff Act, the exemption being exercised under powers conferred by the Customs Act as necessary in the public interest for imports.

Exemption for Chapter 90 goods extended to manufacture of equipment using non conventional energy, aligning conditions with machinery.
Amendment broadens Notification No. 123/87-Cus by adding goods falling within Chapter 90 to the class of inputs exempt when imported for manufacture of equipment that functions with the aid of non-conventional forms of energy, and replaces "said machinery" with "said machinery or goods" in conditions (i) and (ii) so that the exemption's conditions apply to both machinery and Chapter 90 goods.

Exchange rate determination sets prescribed currency conversion rates for export goods under statutory power, superseding prior notice.
The Central Government, under powers conferred by section 14(3)(a)(i) of the Customs Act, 1962, prescribes specific rates of exchange for conversion between foreign currencies and Indian rupees for export goods, superseding the earlier notification; two Schedules set unit and per-100-unit rates to be applied for export valuation and related formalities from the stated effective date.

Exchange rate determination for imported goods set effective 1 September 1993, governing stamp duty and customs valuation.
The Central Government prescribes exchange rates for specified foreign currencies, effective 1 September 1993, to be used for calculating stamp duty under the Indian Stamp Act and for purposes of section 14 of the Customs Act insofar as they relate to imported goods, superseding the earlier notification; two Schedules annexed set rates per unit (Schedule I) and per one hundred units (Schedule II).

Customs duty relief for paperboard manufacture expanded to include additional duty in amended notification provision.
The notification substitutes the prior phrase by providing that paperboard making qualifies for relief (a) from so much of that portion of the duty of customs leviable thereon which is specified in the First Schedule as is in excess of the amount calculated at the pre-existing ad valorem rate; and (b) from the whole of the additional duty leviable thereon under section 3 of the second mentioned Act.

Customs exemption amendments permit Collector discretion for re export and shared use of telematic equipment for software exports.
The notifications substitute the earlier committee reference with the Inter Ministerial Standing Committee for Hundred Percent EOUs in EHTP and STP appointed by the Ministry of Industry on 22 February 1993, and insert two conditions: the Collector of Customs may, subject to prescribed conditions and permission from the Chief Executive of the STP or the Standing Committee, allow re export of goods; and imported telematic infrastructural equipment may be utilised for export of software developed by other software development units.

Amendment to customs notification adds an additional customs notification to the list of exempted references.
The Central Government, invoking sub-section (1) of section 25 of the Customs Act, 1962, amends Notification No. 155/86-Customs by substituting the text of EXPLANATION (2) to replace the prior single referenced notification with a two-item list, thereby adding an additional customs notification to the set of references governing the parts-imported-for-manufacture exemption.

Restriction on disposal of imported materials: materials under Advance Intermediate Licence must be retained and may be used for manufacture.
Amendment to Notification No. 204/92-Cus inserts a proviso to condition (vii) that materials imported against an Advance Intermediate Licence issued after 31 March 1993 shall not be disposed of after discharge of the export obligation and realisation of sale proceeds, and such materials may be utilised by the importer for manufacture of any other goods.

Restriction on transfer of imported materials: licences issued after the cutoff bar post-obligation transfers; materials may be used in manufacture.
The amendment adds a proviso restricting that materials imported against licences issued after a specified cutoff date shall not be transferred after discharge of export obligation, realisation of sale proceeds and redemption of bond by the licensing authority, and permits such materials to be used by the importer for manufacture of any other goods.

Transfer restriction on imported materials bars transfers after export obligation discharge and bond redemption; importer may use them for manufacture.
The notification proviso provides that for licences issued after the specified cut off, no transfer of materials imported under such licences shall be made until discharge of export obligation, realisation of sale proceeds and redemption of bond by the licensing authority; after those obligations are completed the materials may be used by the importer for manufacture of other goods.