Exchange rate determination for imported goods: prescribed currency conversion rates now govern stamp duty and customs conversions.
Prescribes fixed conversion rates for specified foreign currencies to be used for calculating stamp duty under the Indian Stamp Act and for purposes of section 14 of the Customs Act in relation to imported goods; the rates set out in Schedule I and Schedule II are declared operative for conversion into Indian rupees or vice versa from the notified commencement date, and the notification supersedes the earlier notification.

Import duty concession for outboard motors tied to fisheries certification and an undertaking to ensure use for fishing operations.
Amendment adds tariff entries for outboard motors (Chapters 84/85) and specified spare parts, linking each entry to conditions 20A and 20B. Condition 20A requires a certificate from a Deputy Secretary-level fisheries officer confirming fitment to boats exclusively used for fishing and an undertaking to the Assistant Commissioner of Customs to use the imports for that purpose and to pay on demand the duty difference if breached; these requirements do not apply to State Fisheries Corporations or Fisheries Co-operative Federations recognised by the State Government, a category addressed by condition 20B.

Modification of certification requirement expands authorised officer rank for customs R&D import exemptions.
Amendment modifies the certification requirement for R&D import exemptions by replacing "a certificate from a Deputy Secretary" with "a certificate from an officer not below the rank of a Deputy Secretary," thereby broadening the class of officers authorised to issue the certificate while retaining the certification condition for eligibility.

Special customs duty exemption: specified imported goods, including aeroplane engines, parts, fertilizers and certain circuit breakers, are exempt.
The Central Government exempts the goods specified in the Table from the whole special duty of customs under the cited finance provision when imported into India, by reference to First Schedule tariff headings. The Table covers: all goods under a listed set of headings; potassium sulphate excluding a specified composition; aeroplane engines and parts; and automatic circuit breakers excluding those meeting specified voltage, current or motor-power criteria.

Effective duty rates updated for specified goods, adding and substituting tariff entries and duty rates.
Amendment revises tariff table entries and effective duty rates by inserting and substituting serial entries: tariff heading 25.19 at 40%; Methanol (2905.11) and Epichlorohydrin (2910.30) at 30%; stainless steel scrap for melting (7204.21) at 10%; stainless steel slabs (72.18) at 20%; differentiated duties for ball or roller bearings (84.82) with ad valorem plus specific per kg; certain 84.14 goods at 25% excluding specified compressors and parts; hard disk, floppy and CD-ROM drives (84.71) at 10%; and addition of Iscador and CLIA diagnostic kits to List 2.

Joint liability requirement for merchant exporters and supporting manufacturers enforces bond and onsite use of exempt materials for advance licence exports.
The amendment inserts condition (viii) requiring the supporting manufacturer's name and address to appear in the Advance Licence, certificate and bond; mandates that the bond be executed jointly by the Merchant Exporter and the supporting manufacturer, binding them jointly and severally to comply with the notification's conditions; and requires that exempt materials be utilised in the supporting manufacturer's factory as per the utilisation condition. It also adds Serial No. 4 to cover products for export where Advance Licence is issued to a Merchant Exporter on applications made on or after the specified application date.

EPCG scheme licence validity: imports of spare parts permitted for the full duration allowed to fulfil export obligation.
Amendment to Notification No. 111/95-Customs under section 25(1) inserts a proviso that for import of spare parts the licence validity period shall be deemed to be the period permitted for fulfilment of the export obligation in full.

Validity period of licence for spare parts imports deemed to match export obligation fulfilment period.
Amendment provides that for imports of spare parts under the EPCG scheme, the validity period of the licence shall be deemed to be the period permitted for fulfilment of the export obligation in full, thereby aligning licence validity with the authorised export-obligation period.

Anti-dumping duty on sodium ferrocyanide imposed, with exporter-specific and residual rates applied on importation under customs rules.
Imposition of an anti-dumping duty on Sodium Ferrocyanide from the People's Republic of China is directed under the customs tariff and anti-dumping rules following a preliminary finding of dumping; the notification prescribes exporter-specific duty rates for named exporters and a residual rate for other exporters, applicable on importation under the stated tariff classification.

EOU import exemption expanded to cover cooling, sorting, packing, power and refrigeration equipment and spare parts.
Amendment to the customs notification extends import exemptions for exports oriented units by adding four new item categories and a spare parts entry to Annexure I: cooling equipment for cold rooms, storage rooms and pre cooling chambers and accessories; sorting, grading and packing equipment and temperature or humidity control equipment; power generating sets; refrigeration and airconditioning equipment for fitment on transport vehicles; and spare parts for maintenance of items so listed.

Customs exemption allows duty-free importation of goods, including automobiles, for official use by the Ford Foundation.
The Central Government granted a customs exemption to the Ford Foundation, exempting all goods including automobiles imported for its official use from customs duty under the First Schedule to the Customs Tariff Act and from the additional duty leviable under the Customs Tariff Act; the notification later indicates the exemption was rescinded by a subsequent notification.

Drawback allowance specified for certain chapter items; entitlement permitted from the notified effective date per table.
The Central Government, under section 75(3) of the Customs Act read with rule 5(2) of the Drawback Rules, specifies 16th June 1995 as the date from which drawback shall be allowed at the rates shown in the Table annexed to Public Notice DRAWBACK/PN-5/95 for goods in Sub-Serial No. 5405 of Chapter 54, Sub-Serial No. 5504 of Chapter 55, and Sub-Serial No. 5804 of Chapter 58.

Customs exemption withdrawal removes specified research institute import exemptions under statutory powers, effective from the notified commencement.
Amendment to Notification No. 152/94-Customs omits serial numbers 2, 7, 8 and 9 and their entries from the Table and deletes clauses (c) and (d) of the Explanation; issued under statutory powers as necessary in the public interest and effective from 1 September 1996.

Rescission of customs exemption ends concessional import relief for research institutes and universities, restoring ordinary customs liability.
Rescission of a prior customs exemption notification withdraws concessional treatment for specified imports by research institutes and universities. The Central Government, under section 25(1) of the Customs Act, 1962, has repealed the earlier Department of Revenue notification, declaring the repeal effective from the notified commencement date and terminating the exemption regime applicable to those institutions.

Notification amendment alters commencement date for Fabrics Additional Duty Rules, substituting an earlier start with a later one.
The Central Government, invoking powers under the Customs Act and the Customs Tariff Act, amends Notification No. 47/96-Customs (Fabrics (Additional Duty) Rules) by substituting the commencement date specified in the proviso with a later date, thereby changing the effective date stated in the original notification.

Customs procedure requirement: importers must follow concessional-rate import rules for manufacture of excisable goods.
The Central Government amends Notifications 63/95 and 64/95 for electronic industry goods by substituting the prior duty-paid conditional language with a requirement that importers follow the Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996; the amendment takes effect from the first day of September, 1996.

Concessional import procedure required for specified goods, making duty relief contingent on compliance with prescribed customs rules.
The amendment replaces multiple Annexure entries in Notification No. 36/96-Customs to make eligibility for concessional duty conditional on the importer following the procedural framework for imports at concessional rates for manufacture of excisable goods; specific entries also require that imports be for manufacture of solar cells or modules, Copper T contraceptives, newsprint supplied to a registered newspaper, horological components for wrist watches, or that manufactured goods intended for pollution control be certified by an authorised senior Ministry officer.

Concessional import conditions updated: applicability limited, bond form simplified, and manufacturers must notify receipts and keep detailed records.
Amendment confines the Rules to exemption notifications that expressly require their observance and replaces the requirement for "a bond with surety or security to his satisfaction" with "a bond to his satisfaction." The new Rule 7 requires manufacturers obtaining concessional import benefits to notify the Superintendent of Central Excise of receipt of imported goods within two days (excluding holidays) and to maintain bill-of-entry-wise accounts showing quantity and value imported, quantities consumed for the intended manufacture, and quantities remaining in stock, producible to the Assistant Commissioner of Central Excise.

Exchange rate determination for export goods sets official conversion rates for listed foreign currencies effective from specified date.
Central Government determination under section 14(3)(a)(i) of the Customs Act prescribing official conversion rates for specified foreign currencies for export goods, superseding Notification No. 38/96-NT-Customs; rates set in Schedule I (per unit) and Schedule II (per 100 units) apply from 1 September 1996 for conversion between those foreign currencies and Indian rupees.

Exchange rate determination standardises foreign currency conversion for stamp duty and customs valuation, ensuring uniform assessment procedures.
Prescribes official conversion rates for specified foreign currencies into Indian rupees for calculating stamp duty under the Indian Stamp Act and for application of section 14 of the Customs Act in relation to imported goods, superseding an earlier notification and fixing operative exchange rates in two appended schedules to standardise conversion for revenue assessment purposes.