Duty exemption on capital goods under EPCG scheme subject to export obligation compliance and duty regularisation consequences.
Nil customs duty and exemption from additional customs duty beyond a capped rate of ten percent apply to capital goods, components and specified spare parts imported under a valid EPCG licence, subject to production of the licence, execution of a bond securing an export obligation (based on CIF or net foreign exchange multiples), installation and use of the capital goods at the importer's premises, blockwise fulfilment of export obligations over prescribed periods with set-off rules, and duty regularisation with interest for shortfalls or non compliance.

Concessional duty for EPCG imports: reduced customs liability subject to export obligation compliance and security bond.
The notification allows imports of capital goods, components and limited spare parts under the EPCG Scheme to pay customs duty only up to a 15% ad valorem rate and exempts specified additional duties, conditional on production of a valid EPCG licence, execution of a bond to fulfil an export obligation equal to four times CIF value within five years with yearwise obligations and evidence of compliance, payment of duty and interest for shortfalls, installation certification of capital goods, and limited provisions for extension or condonation of shortfalls.

Import exemption amendment adds "rendering services" to capital goods components notification, expanding customs exemption scope administratively.
The Central Government, under sub section (1) of section 25 of the Customs Act, 1962, amends Notification No. 161/92 Cus. by adding sub clause (c) to clause (i) of the Explanation, expressly including "rendering services" among activities covered for the purposes of imports of components for the manufacture of capital goods.

Import licence cutoff date set for capital-goods exemptions; licences must have been issued on or before the specified deadline.
The Central Government amends Notification Nos. 160/92-Cus., 307/92-Cus. and 122/93-Cus. by substituting the wording in condition (i) of each so that qualification depends on the import licence having been issued on or before 30th April, 1995.

Customs notification amendment revises inland container depot locations, updating Uttar Pradesh entries and shifting serial placement.
The notification amends the principal customs schedule by substituting the proviso cross reference from (ii) to (iii) against serial No. 12, and replaces the Uttar Pradesh entry at serial No. 12 in the Table with three specified inland container depot locations: Agra, Kanpur and Pakwara (Moradabad).

Duty exemption for advance licence permits duty-free import of garment inputs subject to licence, bond and export obligations.
Notification No. 107/95-Customs grants duty and additional duty exemption for materials imported under a Special Value Based Advance Licence for export of readymade garments, conditional on possession of a Value Based Duty Exemption Entitlement Certificate, an export order backed by an irrevocable Letter of Credit and a corresponding overseas Letter of Credit, production of licence/certificate/LC at customs, execution of a bond securing duty in case of non-compliance, exclusive use of materials for manufacture and export, timely discharge of export obligation with documentary proof, and routing through prescribed ports unless specially permitted.

Duty exemption for imports under Special Value Based Advance Licence subject to licence, certificate and export obligation conditions.
Exemption from customs and additional duties is granted for materials imported under a Special Value Based Advance Licence for ready-made garments, conditioned on a Value Based Duty Exemption Entitlement Certificate, production of licence and certificate at customs clearance, execution of a bond to cover duties and interest if conditions are breached, utilisation of exempt materials solely for export manufacture, discharge of export obligation within prescribed periods or extensions, and adherence to specified ports and procedural documentation set out in the DEEC.

Special Value Based Advance Licence time limit restricts import eligibility to licences issued before a prescribed cutoff date.
The Central Government, exercising powers under the Customs Act, amends Notification No. 104/93 Cus to insert a temporal limitation for the Special Value Based Advance Licence, restricting the applicability of the import exemption to licences issued on or before a prescribed cut off date by adding those words into the existing notification immediately after the reference to the said licence.

Exchange rate determination for export goods prescribes foreign-to-Indian currency conversion rates effective from the stated commencement date.
The Central Government, under the Customs Act authority, prescribes exchange rates for conversion between specified foreign currencies and Indian rupees for export goods, superseding the prior notification and fixing rates effective from the stated commencement date. Two schedules accompany the notification: Schedule I with per-unit currency rates and Schedule II with rates per 100 units, establishing the conversion benchmarks for export-related customs calculations.

Exchange rate determination prescribes conversion rates for stamp duty and customs valuation on imported goods.
Prescribes specified foreign currency conversion rates for computing stamp duty under the Indian Stamp Act, 1899 and for determinations under section 14 of the Customs Act, 1962 in relation to imported goods; fixes the rate at which each currency listed in Schedule I and Schedule II shall be converted into Indian currency or vice versa and supersedes the earlier notification for application to the stated statutory purposes.

Pass Book-based customs exemption permits duty-free import of inputs subject to credit verification, input norms, valuation and non-transferability.
Imports against a Pass Book issued under paragraph 54 of the Export and Import Policy 1992-97 are exempt from basic customs duty and, if claimed, the additional duty, provided the importer holds an authorised Pass Book with credited basic duty entries verified by customs. Credits are limited to inputs specified in standard input-output norms, require proof of actual use and prime quality, are subject to valuation rules using specified sequential methods, and cannot exceed seventy-five percent of FOB value unless authorised. The Pass Book must be produced for debiting, is non-transferable, and credits lapse under the prescribed validity periods.

Drawback entitlement rules outline duty rebate calculation, claim procedures, provisional payments and recovery mechanisms for exported goods.
These Rules provide a statutory framework for granting and determining drawback - rebate of customs or excise duty on imported or excisable materials used in exported goods - including definitions, exclusions, principles for fixing rates (averages of inputs, wastes, packing), revision and retrospective application, procedures for undetermined or low rates (applications, provisional payments subject to bond), documentation and filing requirements for postal and other exports, inspection and information powers, payment and recovery processes, relaxation power, and repeal and saving provisions with annexed claim forms.

Drawback of customs duties: procedural rules for claiming refunds on re exported imported goods, with documentation and timelines.
These Rules provide the procedure for claiming drawback of customs duties on re exported imported goods, defining filing modes for postal and non postal exports, required declarations on shipping bills, documentary evidence (bill of entry, import invoice, proof of duty payment, export documents, and RBI permission where necessary), timelines for submission (three months with a possible three month extension), treatment of incomplete claims via deficiency memos and acknowledgements, and rules on payment, interest and recovery of erroneous or excess drawback.

Authorised courier regulation: rules for registration, security, manifesting and customs clearance of courier consignments.
Regulates clearance of goods carried by representatives of authorised couriers at designated customs airports, prescribing eligible consignments, packaging and declaration requirements, arrival manifest and bill of entry procedures, presentation for examination and assessment, and detention and disposal of uncleared cargo. Establishes registration, financial security and bond requirements for authorised couriers, renewal and deregistration processes, and operational obligations including consignee authorisation, recordkeeping, due diligence in information supplied to customs, and prohibitions on influencing customs officials.

Customs refund application procedure requires prescribed form, timely acknowledgment, and completion deemed for interest calculation.
Regulations require refund claims for customs duty/interest to be submitted in the prescribed Form to the Assistant Commissioner of Customs at the place where duty was paid; the Proper Officer must scrutinise applications, acknowledge complete applications within the statutory period and return incomplete applications with deficiencies, and an application is deemed received for interest calculation on the date a complete application is acknowledged. The Form mandates detailed claim particulars, specified original enclosures, applicant declarations, and standardized acknowledgement and scrutiny formats.

Interest rate for delayed payment of duty fixed under section 28AA, prescribing a high annual charge for delayed customs payments.
Fixes the rate of interest payable on delayed payment of customs duty at twenty per cent per annum under the statutory power conferred by section 28AA of the Customs Act, 1962; the Central Board of Excise and Customs prescribes that interest rate for the purposes of that section as a uniform statutory charge on delayed duty payments.

Interest rate for delayed refunds set by notification under section 27A, prescribing a fixed annual statutory interest measure.
The notification prescribes a fixed annual rate of interest to be applied to refunds delayed under customs law, establishing the uniform measure for calculating interest on overdue refundable amounts and directing that this rate govern interest accrual on delayed refund payments.

Attachment of defaulters' property enables recovery of unpaid customs dues through notice, inventory, attachment and sale.
These rules provide a procedure for recovery of unpaid customs liabilities by issuance of a certificate by an Assistant Commissioner, service of a seven day notice by an authorised subordinate, and, if unpaid, attachment by arrest or distraint and subsequent sale of the defaulter's property. Attachments must be proportionate, effected in daylight, inventoried, and are subject to exemptions under civil execution law. Sales may be by public auction or broker in special cases; purchasers acquire the defaulter's interest and sale proceeds are applied first to sale costs, then the certified debt and detention costs, then other government dues, with any surplus returned to the defaulter.

Rescission of customs exemption notifications under section 25(1) withdraws three specified notifications in public interest.
The Central Government, invoking its rescission power under sub section (1) of section 25 of the Customs Act, 1962, rescinds No. 86/94 Customs dated 1 March 1994, No. 44/95 Customs dated 16 March 1995 and No. 69/95 Customs dated 16 March 1995, on the ground that such rescission is necessary in the public interest, thereby formally withdrawing those exemption notifications.

Effective rate of duty withdrawn for specified tariff headings, removing a prior concessional tariff entry and its exemption.
The Central Government, exercising its statutory authority under the Customs Act to amend tariff notifications, withdraws a prior concessional effective rate by omitting the serial entry and related entries (S. No. 2) from the Table of Notification No. 43/95 Customs, thereby removing the earlier duty benefit for the specified goods headings.