Transfer restriction on imported materials: prohibits post-obligation transfers; importer may use materials for manufacture of other goods.
The amendment adds a proviso restricting transfer of materials imported under licences issued after the cutoff so that no transfer shall be made after discharge of the export obligation, realisation of sale proceeds and redemption of the bond by the licensing authority, and permitting the importer to use such materials for manufacture of any other goods.

Restriction on transfer of imported materials requires retention until export obligation, sale proceeds realisation and bond redemption.
The amendment adds a proviso that materials imported against a licence issued after 31st March, 1993 shall not be transferred until the export obligation is discharged, sale proceeds realised and the bond redeemed by the licensing authority; after those steps the importer may use the materials for manufacture of other goods.

Export treatment for software consultancy: consultancy fees in convertible foreign currency deemed exports, enabling customs exemption on imported goods.
The amendments add a provision extending customs exemption to goods imported by units developing computer software when imports are for software development for export or for providing on site software consultancy abroad, provided the unit complies with the notification conditions and follows the Collector of Customs' procedure. Consultancy fees received in convertible foreign currency for on site software consultancy abroad are deemed exports for fulfilling export obligations under the notifications.

Customs exemption for telematic equipment: allowed for STP export use, subject to certification, bond, re export and depreciation rules.
Exempts specified telematic infrastructural equipments imported for use in exporting software under the STP Hundred Percent Export Oriented Scheme from customs duty, subject to conditions: certificate from the Director of the Software Technology Park Society, exclusive use by STP units on ISP premises, execution of a customs bond imposing installation, non removal, payment of duty on non used goods and compliance with customs procedures, permission based re export, and option to clear on payment of duty on depreciated value computed by the prescribed quarterly straight line schedule; Annexure lists covered equipment.

Inland Container Depot designation enables Tughlakabad to handle import unloading and export loading under Customs Act authority.
Appointment of Tughlakabad as an Inland Container Depot under statutory customs authority authorizes the depot to receive imported goods for unloading and to load export goods, including any specified classes of such goods.

Customs port designation restricts authorized activities to loading/unloading crew baggage and specified cargo handling for export.
The Central Government, exercising powers under clause (a) of section 7 of the Customs Act, 1962, substitutes clause (i) of the earlier notification to designate the port of Redi as a customs port limited to: loading and unloading of crew baggage; unloading of metallurgical coke and coal; and loading of iron ore for export.

Exchange rate determination for export goods: notified conversion rates for specified foreign currencies govern customs conversion.
The Central Government notifies specific conversion rates for a listed set of foreign currencies into Indian currency and vice versa for purposes of the Customs Act, applicable to export goods, specifying the exchange equivalent of each listed foreign currency to Rs. 100 and declaring that these rates operate from the stated commencement date while superseding the prior notification.

Exchange rates for imported goods govern stamp duty calculation and customs valuation through prescribed foreign currency conversion rates.
Exchange rates for specified foreign currencies are prescribed, effective from 1 August 1993, for conversion into Indian currency or vice versa. These rates apply to calculation of stamp duty and determination of customs value in relation to imported goods. The schedule covers multiple currencies, including Australian Dollars, Pound Sterling, U.S. Dollars, Japanese Yen, Swiss Francs and Singapore Dollars, and supersedes the earlier exchange-rate prescription.

Rescission of customs exemption notifications: central government cancels six notifications under statutory rescission powers.
The Central Government, invoking its statutory rescission powers under the Customs Act, has rescinded six prior miscellaneous customs exemption notifications deemed necessary in the public interest, thereby cancelling the effect of those listed exemption measures.

Customs exemption thresholds revised - amendments adjust ad valorem excess rates across multiple notifications under tariff schedule.
Amendments revise seventeen prior customs exemption notifications by substituting specified wording so that relief applies only to that part of the duty specified in the First Schedule which is in excess of amounts calculated at specified ad valorem rates, or, where stated, to the whole duty specified in the First Schedule; the Central Government exercises statutory power to direct these textual substitutions for each listed notification.

Customs exemption for motor vehicle manufacture limits duty liability above prescribed ad valorem rates for different vehicle categories.
The Central Government amends Notification No. 72/93 to substitute a provision that limits Customs duty exemption for components used in vehicle manufacture. Components for standard motor vehicles (excluding certain light commercial vehicles) are exempted only to the extent duty exceeds an amount calculated at a specified ad valorem rate, while components for light commercial vehicles of limited payload are exempted only to the extent duty exceeds an amount calculated at a lower specified ad valorem rate.

Customs notification amendment: substitution of pesticide entry to cover Allethrin and its isomers in tariff schedule.
Amendment to a customs exemption notification substitutes the tariff description for item No. 18, replacing "D-Allethrin" with "Allethrin and its isomers" under the executive power of sub-section (1) of section 25 of the Customs Act, 1962, thereby broadening the pesticide description in the Table annexed to Notification No. 18/93-Customs.

Customs tariff exemption for SEA ME WE2 submarine cable project added, expanding notification coverage under tariff heading powers.
The Central Government amends the existing customs exemption notification by inserting a new serial entry adding the SEA-ME-WE2 submarine cable project to the list of exempted items under the applicable customs tariff heading provision, done pursuant to powers conferred under the Customs Tariff Act, 1975 and with regard to economic development.

Customs exemption amendment removes specified raw materials for optical communication cables from the notified concession list.
The Central Government, invoking powers under sub-section (1) of section 25 of the Customs Act, 1962 in the public interest, amends the earlier notification by omitting Sl. No. 10 and the associated entries from the Table annexed to Notification No. 89/89-Customs, thereby removing the specified raw materials for optical communication cables from the exemption schedule.

Exchange rate determination for export goods: prescribed schedule sets mandatory conversion rates for customs valuation and compliance.
The Central Government, under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, prescribes specific exchange rates for listed foreign currencies for purposes of conversion relating to export goods; a schedule lists each currency with the rate equivalent to Rs. 100 and the notification supersedes the earlier notification and takes effect from the stated effective date.

Exchange Rate Determination: Government prescribes currency conversion rates for stamp duty and customs on imported goods.
The Central Government prescribes fixed rates of exchange for specified foreign currencies for calculating stamp duty under the Indian Stamp Act and for determining rates under section 14 of the Customs Act in relation to imported goods, effective from the stated operative date, and provides a Schedule showing each foreign currency's amount equivalent to Rs. 100.

Customs exemption for platinum imports enables specified agencies to import duty free for jewellery export replenishment under the promotion scheme.
Exemption of customs duty and additional duty is granted for platinum imports under heading 71.10 when imported by specified government and Reserve Bank authorised agencies for supply under the Gold/Silver and Platinum Jewellery Export Promotion and Replenishment Scheme, subject to the Export and Import Policy and Handbook of Procedures operative for the referenced policy period and as amended.

Customs exemption extension for imported gold and silver permits supply to EPZ/EOU jewellery units subject to procedures.
The amendments provide that the existing exemption shall also apply to gold and silver under tariff headings 71.06 and 71.08 when imported by designated importers for supply to jewellery units in EPZs, EOU complexes and hundred percent EOUs under the specified export scheme, subject to (a) procedures as may be specified by the Collector of Customs and (b) compliance with the conditions stipulated in paragraph 1 of the notification.

Customs exemption for imported gold and silver under export schemes requires export of equivalent metal and execution of a bond.
Silver and gold under Headings 71.06 and 71.08 are exempt from customs and additional duty when imported for specified export schemes; where the foreign buyer supplies the metal the importer must execute a bond undertaking to export jewellery or articles containing metal equivalent to the imported quantity within the contractual or extended period and to pay duty on any shortfall.

Rescission of customs notifications: government withdraws specified exemptions for natural or cultured pearls under Customs Act.
Central Government, invoking powers under the Customs Act, rescinds five prior miscellaneous exemption notifications concerning natural or cultured pearls as necessary in the public interest, thereby withdrawing the operative effect of those notifications: No. 265/83-Customs (19 September 1983); No. 30/87-Customs (28 January 1987); No. 31/87-Customs (28 January 1987); No. 154/88-Customs (2 May 1988); and No. 273/92-Customs (16 September 1992).