Exchange rate schedule for imported goods establishes currency conversion rates for stamp duty and customs valuation under applicable statutes.
Prescribes an exchange rate schedule for specified foreign currencies to be used in conversion to Indian rupees for calculating stamp duty under the Indian Stamp Act, 1899 and for determinations under section 14 of the Customs Act, 1962 in respect of imported goods, superseding the earlier notification and making the listed Schedule I (rates per one unit) and Schedule II (rates per one hundred units) operative from the notified commencement date.

Appointment of customs officers to exercise adjudication and investigative powers in import cases involving a specified company.
Central Government, under Section 4 of the Customs Act, 1962, appoints the Commissioner of Customs, Delhi to act as Commissioner, Chennai for adjudication, and appoints Assistant or Deputy Commissioners, Delhi to act as Assistant or Deputy Commissioners, Chennai for investigation and issuance of show cause notices in cases concerning M/s. Polar Appliances Limited and associated companies relating to imports at Delhi and Chennai.

Exemption for cupro nickel coin blanks: duty waived subject to undertaking restricting use to coining at designated mint.
A new table entry (115A) exempts cupro nickel coin blanks imported by the India Government Mint, NOIDA from basic and additional customs duty, subject to Condition 18A. Condition 18A requires the importer to furnish an undertaking to the Assistant Commissioner of Customs that the blanks will be used solely for coining of coins at the India Government Mint, NOIDA.

Valuation methodology for customs duties: sequential methods determine input value for pass book imports, ending with officer discretion.
Amendment establishes a sequential valuation hierarchy for inputs under the pass book scheme when customs duties are chargeable by reference to value: first use prices of same or similar inputs imported at the export location within a recent prior period; failing that, prices of like inputs imported elsewhere in India within a recent prior period; failing that, prices at which inputs were exported from India within a recent prior period; then contemporaneous published international prices; and finally any other reasonable method as may be approved by the Assistant Commissioner of Customs.

Baggage duty rates amended: specified passenger-imported goods now attract rates and conditions set in prior notifications.
The amendment replaces the Table in Notification No. 49/96-Cus. so that goods specified in earlier government customs notifications are subject to the rates and any conditions set out in those notifications, with certain items explicitly brought within the substituted Table; printed newspapers and periodicals, music manuscripts, postage stamps and medals are chargeable at the rates specified in the First Schedule to the Customs Tariff Act.

Customs amendment inserts raw material entries into exemption list, renumbering items under delegated powers to clarify coverage.
Exercising sub-section (1) of section 25 of the Customs Act, 1962, the Central Government amends Notification No. 13/97-Customs by inserting a new S. No. at the start of LIST B and renumbering existing S. Nos. 1-8 as S. Nos. 2-9; the inserted entry lists litharge and glass shells/parts for colour picture tubes, thereby expanding the items set out in the List B table of the notification.

Rescission of customs exemptions: central government rescinds specified exemption notifications under the Customs Act by notification.
Central Government, invoking sub section (1) of section 25 of the Customs Act, 1962, issues Notification No. 21/97 Cus. dated 1 3 1997 to rescind thirty seven specified customs exemption notifications listed by number and date in the annexed table, thereby withdrawing those exemption instruments from effect.

Customs duty cap: specified imports' payable duty limited to prescribed standard or preferential rate ceilings.
The Central Government exempts imported goods listed by chapter, heading or sub heading in the annexed Table from any portion of customs duty that exceeds the capped amount specified for that tariff line: the amount calculated at the listed standard rate where the standard rate is leviable, or the amount calculated at the listed preferential rate where the preferential rate is leviable. Caps are primarily ad valorem percentages, with some entries using lower alternative specific per kilogram ceilings or combined formulations.

Customs exemption amendments broaden eligible security and prototype equipment and relax certificate and value conditions for import relief.
Amendments to four customs exemption notifications modify cross-references and reduce an ad valorem entry, expand eligible goods to include parts and a broad list of security, detection and surveillance equipment, add certain elite protection and counterterror units as authorised beneficiaries, relax the certification issuer requirement within the Ministry of Home Affairs, and introduce explicit proto-type treatment including a CIF value ceiling and adjusted consumables language.

Bond requirement for imported gold requires export of equivalent gold jewellery or payment of duty on shortfall.
The amendment requires the importer to execute a bond in a form and for a sum specified by the Assistant Commissioner of Customs, undertaking to export gold jewellery or articles containing gold equivalent to the imported gold, inclusive of findings, mountings and solders, within the stipulated or extended period, and binds the importer to pay on demand duty on the quantity of gold representing the difference between the quantity imported and that contained in the exported jewellery or articles.

Preferential duty rates amended: reduced tariff rates for goods from beneficiary countries through substitution across multiple tariff entries.
Amendment to Notification No. 28/95-Customs exercises power under section 25(1) of the Customs Act, 1962 to substitute revised tariff entries and duty figures in the Table for specified serial numbers: specified column (2) tariff headings are replaced where indicated and column (4) ad valorem figures or words are substituted with lower figures or with the word "Nil" for particular items.

Preferential tariff rates updated for specified imports, revising ad valorem duties for listed items under customs notification.
Amendment revises the preferential rates of duty for specified goods imported from Bangladesh, Korea and Sri Lanka by substituting new ad valorem entries in Column (3) of the Table annexed to Notification No. 26/95-Customs; specified item entries in Schedule (I) and a specified entry in Schedule (II) are replaced with the substituted ad valorem rates, thereby altering the preferential duty applicable to the listed import items.

Preferential tariff concessions for specified imports from SAARC countries apply upon certified proof of country of origin.
Grants percentage reductions of the applied customs duty for specified goods imported from SAARC countries listed in Appendix I (Part A) and Appendix II (Part B), subject to the importer proving origin in accordance with the Customs Tariff (Determination of Origin under the SAARC Preferential Trading Arrangement) Rules, 1995; defines "applied rate of duty" as the First Schedule rate read with other notifications but excluding two specified notifications.

Assessment under Heading 98.01: road development projects of the National Highways Authority of India added to notified projects.
The Central Government, under sub item (6) of Heading 98.01 of the Customs Tariff Act, 1975, amends Notification No. 42/96 Cus. by inserting serial No. 20 to notify Road Development Projects of the National Highways Authority of India as projects for the purposes of assessment under Heading 98.01.

Customs duty cap on specified imports for manufacture limits excess duty when imported for use in listed finished goods.
The notification exempts specified imported inputs, classified by Customs Tariff chapters, from that portion of customs duty in excess of the amount calculated at prescribed ad valorem caps when imported for use in the manufacture of listed finished goods. Application of the concession requires adherence to the procedural rules governing import at concessional rates for manufacture of excisable goods, and the schedule maps inputs to permitted end uses to determine eligibility.

Special customs duty exemption for specified imported goods reduces or removes special duty where tariff or baggage allowances apply.
Exempts specified imported goods from special customs duty under section 68 of the Finance (No. 2) Act, 1996. The notification: (i) exempts the special duty on the portion equal to baggage duty free allowance for articles under heading 98.03 exceeding that allowance; (ii) caps per kg special duty on goods under sub headings 0802.11 and 0802.12 to avoid exceeding combined duty thresholds; and (iii) fully exempts goods listed at S. Nos. 2-10 and 13. Exemptions remain subject to conditions attached to prior notifications or Free rates in the First Schedule.

Customs duty concessions: specified imports subject to notified effective rates, conditional on prescribed certificates and undertakings.
Notification under the Customs Act prescribing effective rates of Standard and Additional customs duty for specified goods in Chapters 1-99 by exempting duty in excess of the rates listed in the Table; applicability is subject to conditions in the Annexure requiring specified certificates, undertakings, adherence to procedural rules and use restrictions, with appended Lists identifying eligible goods and parts and mechanisms for recovery of differential duty on non compliance.

Determination of origin rules amendment replaces prior notification reference, updating the governing citation and Gazette commencement.
Amends the rules for Determination of Origin under the SAARC Preferential Trading Arrangement by substituting, in rule 3 clauses (b) and (c), the prior notification reference with a new notification reference; the amendment is made under section 5(1) of the Customs Tariff Act, 1975 and comes into force on publication in the Official Gazette.

Exchange rate determination for export goods fixes schedule-based rupee conversion values effective from the specified date.
The Central Government determines the rate of exchange for conversion between specified foreign currencies and Indian currency for export goods, superseding an earlier notification and fixing schedule-based rupee equivalents effective 1 March 1997; Schedule I lists rates per one unit and Schedule II lists rates per one hundred units for use in customs export calculations.

Exchange rate determination for imported goods set for stamp duty and customs application, effective from the stated implementation date.
Prescribes exchange rates for conversion between specified foreign currencies and Indian rupees to be applied for calculating stamp duty under the Indian Stamp Act and for the purposes of the Customs Act in relation to imported goods, effective from 1 March 1997, and superseding the earlier notification; includes two schedules listing per unit and per hundred unit rates for named currencies.