Advance Licence for deemed exports: amendment requires licence production at customs clearance and expands coverage to power and refinery supplies.
The amendment requires the importer to produce, at the time of customs clearance for debit, the Advance Licence granted for deemed exports under the Export and Import Policy (paragraphs 7.3(c) and 7.2), and substitutes sub-clause (g) in the Explanation to include supply of goods to power and refinery projects not covered in (f).

Annual Advance Licence: amendment permits discharge of export obligation via supply from Annual Intermediate Licence holders to ultimate exporters.
The notification amendment permits an Annual Intermediate Licence holder to discharge export obligation by supplying resultant products to an ultimate exporter holding an Annual Advance Licence under paragraph 7.3(b) of the Export and Import Policy 1997-2002, and expressly defines Annual Advance Licence to include licences issued for intermediate supply under that policy provision.

Extension of export obligation permits licensing authority to grant additional time when substantial fulfilment occurs.
The notification inserts a proviso allowing the licensing authority to grant a two-year extension of the EPCG export obligation period where the importer fulfils sixty percent or more of the export obligation within eight years, the extension to include the one year from the preceding proviso.

Import exemption for recognized non-commercial schools now requires an education department certificate when not government-run.
Amendment includes recognized schools run on a non-commercial basis by any organisation within the class eligible for customs exemptions and requires that if such a school is not run by central, state, union territory or local government, the importer must furnish a certificate from the State or Union Territory Education Department certifying the school's recognition and non-commercial status.

Exchange rate determination: New official exchange rates for export goods under Customs Act become effective, replacing prior notification.
Determination of official rate of exchange for conversion of specified foreign currencies into Indian rupees for export goods under the Customs Act, superseding a prior notification and prescribing per unit rates in Schedule I and per 100 unit rates in Schedule II to apply with effect from 1 June 2001 for export customs purposes.

Exchange rate determination for imported goods set for stamp duty and customs calculations, superseding prior notification.
Prescribes official exchange rates for conversion between specified foreign currencies and Indian rupees for calculating stamp duty under the Indian Stamp Act, 1899 and for purposes of section 14 of the Customs Act, 1962 in relation to imported goods; supersedes Notification No.17/2001 and notifies two schedules setting rates per one unit (Schedule I) and per 100 units (Schedule II), effective from 1st June, 2001.

Interest on warehoused goods follows a reduced warehousing period, effective from 1 June 2001.
Interest on warehoused goods was linked to a reduced warehousing period, with the period brought down from six months to thirty days with effect from 1 June 2001. The Central Government issued the notification in exercise of powers under section 106 of the Finance Act, 2001, and appointed 1 June 2001 as the operative date for the purposes of that section.

Customs duty exemptions adjusted, lowering specified ad valorem charges and expanding eligible ports, approvals, and export procedures.
Amendments across multiple customs exemption notifications standardise that on clearance the customs duty payable shall be equal to the duty leviable on inputs obtained under the notification and used for manufacture or development of the goods, substitute prior institutional references with Development Commissioner where specified, reduce certain proviso ad valorem duties to a lower uniform rate, expand eligible ports and beneficiaries, and insert procedural permissions for removal for processing abroad, destruction of rejects, and warehouse clearance without payment of duty.

Customs territorial jurisdiction amended: specified coastal, municipal and exclusive economic zone areas realigned under commissioner oversight.
Amendment substitutes Table entries in Notification No. 27/97-Cus.(N.T.) to redefine commissioner jurisdictions: one entry now covers the Port of Chennai, Meenambakkam Airport, specified municipal and taluk areas and designated areas in the Continental Shelf and Exclusive Economic Zone; another entry covers the whole of Tamilnadu excluding the area under Commissioner of Customs, Chennai, and the Union Territory of Pondicherry excluding Mahe Commune and Yanam territory, thereby reallocating customs territorial responsibilities.

Customs exemption for re-imported certified diamonds when exporter, weight, timeframe and approved-lab conditions are satisfied.
Cut and polished diamonds re-imported after certification/grading are exempt from the whole of customs duty if re-imported by gems and jewellery exporters meeting a three-year track record and specified turnover, each diamond is at least 0.25 carat, re-importation occurs within three months of export, certification is produced from the listed laboratories/agencies, and the re-imported stones match the exported items in value, dimensions and weight; the exemption also applies when authorised offices or agents of those laboratories perform the export/re-import on behalf of exporters.

Additional duty on imported liquor: tiered ad valorem rates apply according to CIF price per case for retail packings.
Specification of additional duty on imported alcoholic liquors packaged for retail sale, linked to domestic excise duty levels and tiered by CIF price per defined packing unit. The notification uses powers under the Customs Tariff Act to prescribe ad valorem additional duty rates for goods under specified tariff headings, defines a "case" as nine litres, and requires pro rata CIF valuation for other packing sizes to determine the applicable rate.

Special Additional Duty on vessels narrowed to exclude goods under certain ship-related tariff headings after tariff amendment.
The notification amends Notification No. 19/2001-Customs by substituting, against serial No. 37 in the Table, the column (2) entry with "89.02, 89.04, 8905.10 or 8905.90", thereby clarifying the tariff headings to which the Special Additional Duty applies and excluding goods falling in heading 89.01 from that entry.

Rescission of customs notification: government withdraws a prior exemption notification as necessary in the public interest.
Notification No. 52/2001 Customs, dated 11 May 2001, states that the Central Government, being satisfied that it is necessary in the public interest, rescinds Notification No. 18/2001 Customs dated 1 March 2001, exercising the statutory power to withdraw a prior customs exemption measure and recording the rescission by Gazette publication.

Interest rate for delayed refund fixed, superseding prior notification and establishing the annual interest applicable to customs refunds.
The Central Government, under the Customs Act, fixes the rate of interest for delayed customs refunds at nine per cent per annum and supersedes the earlier Notification No. 36/2000-Customs (N.T.), providing a formal notification and departmental file reference for the announcement.

Anti-dumping duty rescission on sodium ferrocyanide under Customs Tariff Act; earlier actions preserved despite repeal.
Rescission of an earlier anti-dumping notification concerning sodium ferrocyanide is effected under the Customs Tariff framework and anti-dumping rules, withdrawing Notification No.8/2001-Customs; acts done or omissions effected before the rescission remain unaffected.

Anti-dumping duty on Sodium Ferrocyanide for EU imports calculated as the difference between reference price and landed value.
An anti-dumping duty is imposed on Sodium Ferrocyanide from the European Union based on findings of export below normal value and material injury to Indian industry. The duty equals the difference between a specified reference price and the assessable "landed value" per metric tonne, payable in Indian currency and effective from the date of provisional duty. "Landed value" follows the assessable value under the Customs Act excluding specified tariff duties, and the rate of exchange is the notified rate applicable on the bill of entry date.

Anti-dumping duty rescission: polyester film notification rescinded following levy of final anti-dumping duty.
The Central Government rescinds Notification No.141/2000-Customs concerning polyester film by exercising powers under the Customs Tariff Act and applicable anti-dumping rules, while preserving the effect of actions done or omitted before the rescission and implementing the administrative change following levy of a final anti-dumping duty.

Anti-dumping duty on polyester film imposed; exporters subject to specified price undertakings and differentiated duty rates.
The Central Government, relying on the designated authority's final findings of dumping and material injury, imposes an anti-dumping duty on polyester film of 9 micron and above (sub headings 3006 10 or 3920 69) from Korea and Indonesia, with differentiated duty rates by exporter and grade; M/s Toray Saehan Inc. and M/s Saehan Industries may avoid duty if landed value meets their price undertaking, otherwise provisional duties apply. Duties are payable in Indian currency, applicable retrospectively to the provisional duty imposition date, with specified exclusions for certain capacitor films and definitions for "landed value" and exchange rate determination.

Anti dumping duty on phosphoric acid imports from China imposed, payable in Indian currency until specified expiry.
An anti dumping duty is imposed on Phosphoric acid (Technical grade) of 85% purity or above, under sub heading 2809.20, when originating in or exported from the People's Republic of China, based on findings of export below normal value, dumped imports and material injury. The duty is expressed per metric tonne, payable in Indian currency, effective until the specified November 2001 date, and the rate of exchange for conversion will be the Ministry of Finance specified rate with the bill of entry date as the relevant date.

Common Adjudicating Authority appointed to adjudicate a combined show cause notice against specified companies under customs law.
The Central Government appoints the Commissioner of Customs, Inland Container Depot, Tughlakabad, New Delhi as the Common Adjudicating Authority to act as Commissioner of Customs for specified ports and airports for the sole purpose of adjudicating the combined show cause notice issued to M/s. Oriflame (India) Pvt. Ltd. and M/s. Silver Oak Labs Pvt. Ltd., consolidating DRI proceedings before a single adjudicating officer.