Imported goods transhipment now requires application, customs seals, a securing bond, and a per-application fee.
Regulations require an application and manifest identification for transhipment, allow specified transport modes, and subject motor-vehicle transhipment to the Commissioner's written permission with reasons and opportunity to be heard. A bond-single or general, with or without surety-is required to secure completion of transhipment or transfers between modes; non-production of a transfer certificate within the allowed period leads to forfeiture equal to the value or market price of the goods. A transhipment fee is charged and customs must seal containers or durable bags, with sealing costs borne by the declarant, transporter or custodian.

Exchange rate determination: revised export currency conversion rates take effect, superseding prior notification and prescribing new schedules.
Determination of exchange rates for export goods under the Customs Act: the Central Government, exercising statutory powers, prescribes the rate of exchange for specified foreign currencies into Indian rupees for export purposes, superseding the earlier notification and setting the applicable conversion rates in two appended schedules (unit rates in Schedule I and 100-unit rates in Schedule II) to be applied from the commencement date stated in the instrument.

Exchange rate determination for imported goods: prescribed foreign currency rates govern stamp duty and customs valuation effective October
The Central Government prescribes rates of exchange for conversion between specified foreign currencies and Indian rupees for calculating stamp duty and for customs valuation of imported goods, superseding the earlier notification; the rates set out in Schedule I and Schedule II shall apply from the stated commencement date and constitute the operative conversion factors for stamp duty computation and customs valuation.

Customs exemption amendment updates beneficiary entry for notified imports under the integrated guided missile development programme notification.
Amendment to a customs exemption notification substitutes S. No. 55 in the annexed Table of Notification No. 257/92 Customs with the entry "Enpro Secan India Private Limited, New Delhi." The Central Government, invoking powers under sub section (1) of section 25 of the Customs Act, 1962 and citing public interest, issued Notification No. 150/95 Cus dated 26 September 1995 to effect this change for imports connected with the Integrated Guided Missile Development Programme.

Exchange rate amendment fixes Australian Dollar conversion for export valuation under customs notification, effective late September 1995.
Amendment to the customs exchange rate schedule substitutes the Schedule-I entry for serial No. 15 to prescribe a revised exchange rate for the Australian Dollar for purposes of export goods valuation under the referenced customs notification, and declares that the substituted rate is effective from the stated date.

Exchange rate for imported goods updated: Australian dollar rate notified under Indian Stamp and Customs Acts.
The Central Government, invoking the Indian Stamp Act and the Customs Act, amends Notification No. 48/95 NT Cus. by substituting serial No. 15 in Schedule I to revise the exchange rate entry for the Australian Dollar, and specifies the effective date for the revised rate to be used in customs valuation of imported goods.

Exchange rate adjustment for export goods: Swedish Kroner rate specified under amendment, affecting Customs valuation for exports.
An amendment substitutes Schedule I serial No. 13 to specify the exchange rate for Swedish Kroner as the operative foreign-currency conversion for export valuation and related Customs purposes, altering Notification No. 49/95-NT-Cus. and taking effect from the date stated in the amendment.

Exchange rate amendment for imported goods updates statutory rate for Swedish krona, affecting customs valuation procedures.
The Central Government, exercising statutory powers, substitutes the Schedule I entry for serial No. 13 to set the official exchange rate for Swedish Kroner for customs valuation, amending Notification No. 48/95-NT.-Cus. and specifying the date on which the new rate takes effect.

Customs duty exemption for Advance Licence imports conditioned on fulfilment and proof of export obligations and bond security.
Materials imported under an Advance Licence and covered by a Quantity Based Duty Exemption Entitlement Certificate are exempt from customs and specified additional duty subject to conditions: imports must be covered by the certificate in respect of value, quantity and specifications; the licence and certificate must be produced at clearance; a bond with security must be executed to secure duty and interest where conditions are not met (unless export obligation is discharged); export obligations must be fulfilled within the certificate period or extensions and evidenced to customs; and exempted materials are restricted to use for specified export products and replenishment only.

Customs duty exemption for Value Based Advance Licence imports subject to compliance and export obligation discharge.
Materials imported under a Value Based Advance Licence issued on or after 19th September, 1995 are exempt from customs and additional duty subject to conditions: production of a prescribed Value Based Duty Exemption Entitlement Certificate, execution of a bond (unless export obligation discharged) binding payment of duty with interest for non compliance, presentation of licence and certificate at clearance, specified ports/depots for movement, discharge of export obligation by exporting listed Indian manufactured products (excluding those availing certain excise facilities or drawback), evidence of discharge within prescribed time, and prohibition on disposal except for utilisation or replenishment.

Bond requirement for imports now mandates execution before clearance and adds substantial interest on delayed export obligation.
Amendments require omission of clause (a) in condition (iii), add an interest charge from date of clearance for clause (b), substitute a proviso that a bond is unnecessary after full discharge of the export obligation, and amend condition (v) to require production of the discharge certificate with evidence to the satisfaction of the Assistant Commissioner of Customs. The Schedule now mandates that a bond in terms of the notification be executed before clearance of goods for both import and export.

Import evidence requirement tightened in EPCG imports, and interest liability on defaults clarified for customs compliance.
Amendment to the EPCG import exemption notification omits condition (2), replaces the requirement of "a certificate from the Licensing Authority" with "evidence to the satisfaction of the Assistant Commissioner of Customs", and adds an express interest liability at the end of conditions (4) and (5), with interest accruing from the date of clearance of the goods.

Interest addition on EPCG scheme imports enforced; documentation standard shifted to customs satisfaction, affecting exemption compliance and recovery procedures.
The amendment omits condition (2) of Notification No.111/95-Cus, replaces the requirement for "a certificate from the Licensing Authority" in condition (4) with "evidence to the satisfaction of the Assistant Commissioner of Customs," and appends an obligation to pay interest from the date of clearance of the goods to conditions (4), (5) and (6), thereby altering documentary validation and imposing interest-linked recovery for non-compliance with EPCG exemption conditions.

Interest on exempted materials imposed from date of clearance under amended customs notification for international aid projects.
Notification No. 144/95 (19-9-1995) amends Notification No.128/94 by omitting condition (3) and by adding to condition (4) an obligation that materials used in goods supplied to the United Nations and projects aided by multilateral and bilateral agencies and funds will attract interest at the prescribed annual rate from the date of clearance of materials.

Customs exemption amendment updates conditions, adds interest on cleared inputs and removes licensing certificate requirement.
Amendment to Notification No. 10/95 Customs, effected under sub section (1) of section 25 of the Customs Act, omits condition (2); adds to condition (3) an interest obligation accruing from the date of clearance of exempt inputs at a specified annual rate; and deletes the licensing authority certificate requirement from condition (4), thereby changing documentary prerequisites and imposing post clearance monetary liability on cleared inputs.

Bond requirement strengthened for value based advance licence imports, with stricter evidence of export discharge and customs scrutiny.
Amendments require payment of interest on cleared materials, substitute the Licensing Authority endorsement for evidence of discharge of export obligation to the satisfaction of the Assistant Commissioner of Customs, and replace prior "Legal Undertaking" references with a bond that must be executed before customs clearance for both import and export under the Value Based Advance Licence scheme.

Bond requirement for VABL imports updated: interest added on clearance and bond waived after export obligation discharge.
The amendment requires payment together with interest at the rate of 24% per annum from the date of clearance of the materials, provides that a Bond is not necessary for imports made after discharge of the export obligation in full, requires evidence of discharge of export obligation to the satisfaction of the Assistant Commissioner of Customs, and mandates that a Bond in terms of the notification be executed before clearance of goods from customs.

Bond requirement for imports and exports; interest on cleared materials and export evidence to satisfy customs.
Amendments revise conditions for Special Value Based Advance Licence imports and exports: clause (b) of condition (3) is omitted; clause (c) is supplemented to require interest on cleared materials from the date of clearance; condition (5) now requires the export certificate together with evidence of discharge of export obligation to the satisfaction of the Assistant Commissioner of Customs. The Schedule substitutes prior legal undertaking language with a bond to be executed before customs clearance for both import and export entries, and omits Part I of the export entries.

Customs notification amendment adds and substitutes inland container depot locations, altering permitted unloading and loading sites under Customs Act authority.
Amendment to customs notification under clause (aa) of section 7 of the Customs Act, 1962 revises authorised Inland Container Depots: it substitutes the column (3) entry for S. No. 9 (State of Maharashtra) with two depot locations and adds two depot locations to column (3) for S. No. 10 (State of Rajasthan), altering authorised sites for unloading of imported goods and loading of export goods in those States.

Drawback threshold change lowers the exemption limit while excluding advance licence and postal exports from relief.
Amendment to the Customs and Central Excise Duties Drawback Rules, 1995 substitutes the words in rule 8(1) reducing the monetary limit from five thousand rupees to five hundred rupees under powers of section 75 of the Customs Act, 1962 and section 37 of the Central Excises and Salt Act, 1944, and provides that this substituted sub rule shall not apply to drawback on exports made to discharge export obligations under an Advance Licence or to exports made by post.