Exchange rate determination sets conversion rates for specified foreign currencies for export valuation, effective from June first.
Exchange rate determination for export goods prescribes specific conversion rates for listed foreign currencies for export valuation under the Customs Act, partially superseding a prior notification. Two schedules set operative rates: Schedule I for per unit currency rates and Schedule II for the rate per one hundred units of Japanese yen, and the notification specifies the effective date from which these rates apply.

Exchange rate determination prescribes conversion rates for specified foreign currencies for import valuation under section fourteen of the Customs Act.
Determination under the Customs Act fixes the official rate of exchange for specified foreign currencies for import valuation, superseding the earlier notification insofar as it related to exchange rate powers; two appended schedules prescribe per unit conversion rates for listed currencies and a per hundred unit rate for Japanese Yen, to apply from the stated effective date.

Land route designation: Shella Bazar route appointed for export only, amending customs route description.
The Central Government amends the notification under section 7 of the Customs Act to appoint the land route from Pyrkan through Pharangkaruh (near B.P. No. 1231 S) to Bastola in Bangladesh at Shella Bazar Land Customs Station and restricts that route only for the purpose of export of all goods from India, substituting the corresponding Table entry for Bangladesh.

Provisional anti-dumping duty on imported lead acid batteries to offset dumped pricing and injury to domestic industry.
Provisional anti-dumping duty is imposed on imports of lead acid batteries from Taiwan, Singapore and Hong Kong, calculated as the difference between specified per-kilogram benchmark amounts for battery types and the landed value; industrial batteries from M/s Shenyang Matsushita Storage Battery Company and M/s BB Battery Company Limited exported via specified entities are excluded. The duty is effective up to and inclusive of 21st November 2002, payable in Indian currency, with "landed value" defined by the Customs Act and exchange rates as notified by the Ministry of Finance for the bill of entry date.

Import concession for repaired dies allows preferential duty treatment when returned in exchange, subject to time and drawback conditions.
Adds a concessional customs entry for dies for drawing metal returned after repair abroad in exchange for similar worn dies exported for repair, subject to Condition 28A. Condition 28A requires re-import within one year of export and absence of drawback on export, and prescribes that duty be levied as the aggregate of labour charges for repair, cost of repair materials, other repair charges paid by the importer, and insurance and freight charges both ways.

Anti-dumping duty on Vitamin AD3 imports imposed, excluding specified exporter, calculated against landed value.
Imposition of anti-dumping duty on Vitamin AD3 500/100 imports from the European Union and Singapore, excluding consignments exported by M/s BASF Aktiengesellschaft, Germany through M/s BSEA, Singapore; duty calculated as the difference between the notified per kilogramme amount and the assessable landed value, levy payable in Indian currency, retrospective to the provisional duty date; definitions set for landed value and applicable rate of exchange based on bill of entry date.

Tariff values revised for palm oil, palmolein and brass scrap, substituting updated per tonne rates under customs law.
The Central Government, under section 14(2) of the Customs Act, 1962, substitutes the Table in Notification No.36/2001-Customs (N.T.) by issuing Notification No.29/2002-Customs (N.T.) dated 16 May 2002, fixing tariff values in US dollars per metric tonne for crude palm oil, RBD palm oil, RBD palmolein, crude palmolein and brass scrap (all grades) as the operative schedule for customs valuation of those imported goods.

Customs tariff amendment: substitution of tariff entry for serial number four under the existing notification update.
The Central Government has amended Notification No.21/2002 Customs by substituting, in the Table against S. No. 4, the entry in column (2) with the tariff designation "0406.90"; the change is effected by Notification No.52/2002 Customs under the powers of sub section (1) of section 25 of the Customs Act, 1962 as a further modification to the principal notification.

Rescission of Customs Notification - prior exemption instrument revoked in the public interest by governmental notification.
The Central Government, invoking its powers under the Customs Act, rescinds Notification No. 22/2002 Customs (dated 1 March 2002) in the public interest by issuing Notification No. 51/2002 Customs dated 13 May 2002, thereby revoking the earlier Gazette published exemption instrument.

Interest on delayed customs duty: rate fixed under section 47, superseding earlier notification and applying to warehousing dues.
Exercising the power under section 47(2) of the Customs Act, the Central Government has superseded the earlier notification and fixed an annual rate of interest that applies to delayed payment of customs duty, including warehousing dues, thereby replacing the prior notification and establishing the operative interest rate for compliance under the Act.

Interest rate on delayed customs duty fixed under section 28AB for special cases by central government; supersedes prior notification
The Central Government, in exercise of powers under the Customs Act, 1962, fixes the rate of interest for delayed payment of customs duty in special cases at fifteen per cent per annum for the purposes of the applicable statutory provision and supersedes Notification No. 33/2000-Customs (N. T.), dated 12 May 2000.

Interest rate for delayed customs duty fixed under section 28AA, superseding prior notification and establishing statutory interest obligation.
Notification No. 26/2002-Customs (N. T.) fixes the rate of interest at fifteen per cent per annum for delayed payment of customs duty under section 28AA of the Customs Act, 1962, and expressly supersedes Notification No. 32/2000-Customs (N. T.).

Interest rate on delayed customs refunds fixed under section 27A; prior notification superseded, new statutory rate specified.
The Central Government, exercising powers under section 27A of the Customs Act, 1962, fixes the rate of interest at eight per cent. per annum for the purposes of interest on delayed customs refunds and expressly supersedes the earlier related notification.

Anti-dumping duty on imports of vitrified and porcelain tiles imposed as margin-based differential, payable in local currency and time-limited.
Provisional anti-dumping duty is imposed on vitrified and porcelain tiles from China and UAE, calculated as the difference between a specified reference value and the landed value per square metre. The duty applies to all exporters and producers of the subject goods imported into India, is payable in Indian currency, and is effective up to and inclusive of 1 November 2002. "Landed value" is the assessable value under the Customs Act excluding certain tariff duties, and the exchange rate for calculation is the rate notified for the bill of entry date.

Tariff value fixation updated for palm oil and brass scrap, prescribing revised import valuation benchmarks for customs.
Amendment substitutes a revised tariff table in the principal customs notification, prescribing tariff values in US dollars per metric tonne for specified palm oil and palmolein products and brass scrap. The Central Government, under the Customs Act authority to fix tariff values for import valuation, issues the change as an amendment to Notification No.36/2001-Cus. (N.T.), updating the operative valuation benchmarks for customs assessment.

Advance Rulings Authority established to issue authoritative customs tariff guidance and provide clarity on classification and exemptions.
The Central Government constitutes the Authority for advance Rulings to give binding guidance on customs tariff classification, applicability of tariff provisions and exemption notifications, and fixes the Authority's office at New Delhi, establishing an administrative mechanism for pre transaction rulings on customs treatment.

Blockwise export obligations for high value EPCG licences restructured, with set off rules and limited extension/condonation by customs authorities.
For licences with a CIF value not less than Rs.100 crores, the Export Obligation is restructured into a 12 year timeline in four blocks (first five years nil; next three years 15%; next two years 35%; final two years 50%), with excess exports in earlier blocks set off against later shortfalls. Licensing authorities may grant extensions of block wise, year wise or overall fulfilment periods up to two years and condone shortfalls up to five percent; however, overall period extension is not permitted for licences meeting the high value CIF threshold.

Exchange rate determination for export goods establishes revised foreign currency conversion rates and supersedes prior notification.
The Central Government, under the Customs Act authority, prescribes conversion rates for specified foreign currencies into Indian currency for export goods and supersedes the earlier notification. The revised rates are listed in two appended schedules, each entry giving the Indian Rupee equivalent for a stated quantum of foreign currency, and are declared effective from the stated commencement date for implementation by customs authorities and exporters.

Exchange rate schedule prescribes conversion rates for imported goods to determine customs valuation and stamp duty consequences.
The Central Government prescribes a rate of exchange schedule for specified foreign currencies to be used for calculating stamp duty under the Indian Stamp Act and for determinations under section 14 of the Customs Act as they relate to imported goods, superseding the prior notification and fixing specific conversion figures in two appended schedules to standardise currency conversion for valuation and charging purposes.

Duty free inputs for garment manufacture expanded; new components allowed subject to exporter registration and FOB value limits.
The notification expands the schedule of inputs eligible for duty free importation for manufacturers of textile garments and leather products for use in export production by inserting additional component items. It replaces annexure conditions to require that imports be made by manufacturers registered with export promotion bodies and that total import value be limited by percentage caps measured against the FOB value of exports in the preceding financial year, with a distinct sub cap for lining/interlining and a lower cap for leather footwear, gloves and travel goods.