Rate of interest on warehoused goods fixed under Customs Act, with higher rates applying as warehousing duration increases.
Fixes tiered interest rates on duty payable at clearance of warehoused goods under the Customs Act, applying the statutory provisions for warehoused goods so that interest increases with warehousing duration: one rate for six to nine months, a higher rate for nine to twelve months, and a further higher rate for storage beyond twelve months.

Designation of Customs Authority updated; specified officer references must be read as their substituted authorities under the notification.
The central government, invoking section 25(1) of the Customs Act and section 3A of the Customs Tariff Act, directs that references in Ministry of Finance notifications to specified authorities are to be construed as references to substituted authorities set out in a table: Deputy Commissioner of Customs Joint Commissioner of Customs; Assistant Commissioner of Customs Assistant Commissioner of Customs or Deputy Commissioner of Customs; Assistant Commissioner of Central Excise Assistant Commissioner of Central Excise or Deputy Commissioner of Central Excise.

Customs exemption amendment updates tariff classifications for silicon products and undiffused wafers, altering schedule codes and duty treatment.
The Central Government amends existing customs exemption notifications by substituting the Table entry in Notification No. 20/99-Cus. to list (A) silicon in all forms for manufacture of undiffused silicon wafers and (B) undiffused silicon wafers for manufacture of solar cells or solar cell modules, each with specified tariff code groupings and duty treatment; and by revising List A entries in Notification No. 25/99-Cus. to replace the column (2) schedule codes against two serial numbers, thereby updating the schedule cross-references for those exemptions.

Exemption from additional customs duty: high speed diesel oil imports relieved from duty equivalent to excise.
The Central Government exempted high speed diesel oil imported into India from that portion of additional customs duty which is equivalent to the additional duty of excise chargeable on the product, exercising powers under the Customs Act and confining the exemption to the tariff classification for high speed diesel oil; the exemption was later rescinded by a subsequent notification.

Exemption from customs surcharge for specified imported goods, subject to existing duty conditions and listed tariff entries.
Notification exempts specified imported goods from the whole of the customs surcharge under the Finance Act, 1999, for goods falling within the First Schedule to the Customs Tariff Act, 1975, as listed in the Table. The exemption includes gold and silver subject to any conditions attaching to their customs duty exemption in the First Schedule and prior notifications, and extends to a wide range of tariff headings and specific machinery, parts, electronic components, and other goods when imported into India.

Rescission of customs notifications removes specified exemption orders under statutory powers in the public interest.
The Central Government, exercising statutory authority under the Customs Act and in reference to the Customs Tariff Act, rescinds Notifications Nos. 21/99-Cus., 23/99-Cus. and 24/99-Cus. as necessary in the public interest, thereby annulling the specified miscellaneous exemption notifications of the Department of Revenue.

Export obligation extensions allowed with limited condonation under the EPCG scheme, subject to specified temporal limits.
Amendments permit the Assistant Commissioner of Customs to condone shortfalls in export obligation up to five percent and to extend yearwise, blockwise or overall fulfilment periods where the Licensing Authority grants such relief, subject to limits: yearwise extensions only once and for not more than one year within five years; blockwise extensions limited to one two-year block, with the fourth block's extension capped at one year.

Customs officer designations are redefined for statutory instruments, updating references to commissioners, directors and corresponding officers.
Customs and Central Excise authority references in instruments issued under the Customs Act, 1962 are re-designated unless context requires otherwise. Deputy Commissioner references are substituted by Joint Commissioner references. Assistant Commissioner references are construed to include either Assistant Commissioner or Deputy Commissioner. Deputy Director references are replaced by Joint Director, and Assistant Director references include either Assistant Director or Deputy Director.

Customs exemption amendment updates eligible telematic equipment, adding terrestrial, satellite ground, digital cross-connect and video conferencing items.
The customs exemption notification is amended to insert a Terrestrial Transmission Equipment heading including point-to-point radio systems; retitle and expand Satellite Ground Communication Equipment to add radio frequency terminals, framing units, switches, interface and rate converters, data hubs and related software/firmware; add Digital Cross-Connect System, routers and data switches to Data Communication Equipment; and limit Automatic Data Processing Machines to units for the telematic equipment above while adding video conferencing equipment.

Anti-dumping duty imposed on hard ferrite ring magnet imports from China PR, altering tariff treatment for those goods.
An anti-dumping duty is imposed on Hard Ferrite Ring Magnets (HFRM) originating in or exported from China PR and imported into India under sub section (2) of section 9A of the Customs Tariff Act, 1975 read with rule 13 of the Customs Tariff Rules, 1995; the duty applies to HFRM under Chapter 85 of the First Schedule and is specified as a per kilogram import duty pursuant to the Designated Authority's preliminary findings, with the notification defining the temporal scope of the measure.

Modacrylic fibre exclusion narrows customs exemption for acrylic fibre, removing modacrylic from the notified concession.
Amendment substitutes the phrase "the said acrylic fibre" with "the said acrylic fibre, excluding modacrylic fibre," thereby removing modacrylic fibre from the scope of the exemption in Notification No. 8/99-Customs.

Duty Entitlement Pass Book validity limited to registered ports, with commissioner empowered to permit other stations.
The amendment replaces condition (iv) to provide that the Duty Entitlement Pass Book is valid for twelve months from issue for import and export only at the port of registration, which must be one of the enumerated sea ports, airports or Inland Container Depots. A proviso permits the Commissioner of Customs, by special order and subject to specified conditions, to allow imports and exports from other sea ports, airports, inland container depots or through a land customs station.

Port and terminal conditions amended for Value Based Advance Licence, restricting trade to specified seaports, airports and ICDs.
Amendment prescribes routing for imports and exports under the Value Based Advance Licence by substituting conditions in Notifications 148/95-Cus., 149/95-Cus., 30/97-Cus. and 77/98-Cus., requiring that such movements be undertaken through an enumerated list of seaports, airports and Inland Container Depots.

Import compliance for jobbing: imports for executing export orders now barred if items are prohibited by Export and Import Policy.
The notification amends the jobbing import exemption by adding condition (vii) that goods imported for execution of export orders must not be prohibited items under the Export and Import Policy, making such prohibitions a disqualifying condition for the exemption.

Import against Value Based Advance Licence: amended permitted ports, airports and ICDs and expanded controlled substances list.
Amendments substitute condition (iv) to require that imports and exports under Value Based Advance Licences be undertaken through specified sea ports, airports or Inland Container Depots, and revise the proviso to condition (vi) to expand the listed substances to include Ephedrine, Pseudoephedrine, Vitamins, Pen-G and their derivatives.

Import duty exemption for annual advance licences with actual user condition, subject to certificate, bond, specified ports and export obligations.
Full customs and additional duty exemption is allowed for materials imported against an Annual Advance Licence with Actual User Condition where an Actual User Duty Exemption Entitlement Certificate (DEEC) is issued and completed; importer presents licence and DEEC at clearance, executes a bond with security (unless export obligation discharged), imports through specified ports/ICDs/airports, uses inputs only for manufacture of specified export product groups, and discharges export obligation within eighteen months with export particulars entered in the DEEC.

Rescission of anti-dumping duty on TMBA: government withdraws prior notification under Customs Tariff Act authority.
The Central Government rescinds the notification imposing an anti-dumping duty on 3,4,5-trimethoxy benzaldehyde (TMBA) by withdrawing Notification No. 151/95-Cus., dated 20 October 1995, under sub-section (1) of section 9A of the Customs Tariff Act, 1975, read with rule 18 of the 1995 Anti-dumping Rules, effected through Notification No. 47/99-Cus., dated 29 April 1999.

Anti-dumping duty on TMBA imports maintained as removal would cause material injury to domestic industry.
Imposition of an anti-dumping duty on 3,4,5-Trimethoxy Benzaldehyde (TMBA) originating in or exported from the People's Republic of China is sustained after a review which found exports below normal value, material injury to the Indian industry, and that removal of the duty would cause further injury; the Central Government, under the Customs Tariff Act and relevant anti-dumping rules, therefore imposed duty on TMBA imports from that origin.

Anti-dumping duty rescission under Customs Tariff Act withdraws prior notification, ending the earlier import restriction.
The Central Government, exercising powers under the Customs Tariff Act and applicable Customs Tariff rules, has rescinded Notification No. 94/98-Customs (24 November 1998) that imposed anti-dumping measures on citric acid originating in or exported from the People's Republic of China, formally withdrawing the prior administrative notification.

Anti-dumping duty on citric acid from China set as difference between reference price and landed value, effective immediately
Pursuant to section 9A(1) of the Customs Tariff Act, 1975, an anti-dumping duty is imposed on citric acid from the Peoples Republic of China, calculated as the difference between a reference amount per metric tonne and the landed value per metric tonne. The duty applies from the date the provisional duty was imposed. For this notification, landed value means the assessable value under the Customs Act, 1962, together with all customs duties except those specifically excluded under the Customs Tariff Act, 1975.