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.

Home consumption limits for export-oriented units defined with category-based entitlement and mandatory certification and conditions.
The amendment permits clearance for home consumption by 100% EOU, FTZ, EHTP or STP units only where goods cleared are identical to exported or intended-for-export goods, the value cleared does not exceed the unit-specific percentage entitlement in the annexed Table calculated against total production of identical goods, and the balance is exported or disposed of under paragraph 103 of the Export and Import Policy. Software and rejects have separate percentage-based caps. A certificate from the Development Commissioner or designated officer is required to confirm compliance.

Section 10(23C)(iv) notification recognizes tax-exempt status of Bharat Scouts and Guides for the 1989-90 assessment year.
Notification recognizes Bharat Scouts and Guides, New Delhi, as qualifying for tax-exempt status under section 10(23C)(iv), the Central Government exercising the power conferred by that provision to notify the organization for the stated assessment year by S.O. 2542 dated 31-5-1995.

Interest on delayed excise payments now applies after a uniform three month period, at Board fixed rates until payment.
Amendments standardize multiple payment windows to a three-month period from receipt of demand, disallowance communication, assessment order, or return filing. If a manufacturer or assessee fails to pay within three months, interest at the rate fixed by the Board under the Act is payable from the day after that period until payment. Where duty on account of excess receipt is not credited within three months, the assessee is entitled to interest at the Board-fixed rate from the day after that period until payment.

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.

Modvat invoice reporting requires monthly duplicate submission and Range Officer endorsement of unsold quantities and duty balances.
A new sub rule requires registered persons to submit within seven days after each month duplicate copies of invoices under rule 52A/57G to the Range Officer; fully sold invoices must be defaced with "MODVAT ALLOWED - NOT TO BE USED AGAIN"; for partially sold invoices the Range Officer shall endorse received quantity, issued quantity, total input stage credit available, amount invoiced, and the balance quantity and duty available for issuing invoices. An Annexure prescribes a proforma for receipt and issue records and related entry rules.

Invoice particulars for modvat: mandatory registration, goods, duty and transport details required; specified pre printed, colour coded format.
Notification prescribes required particulars and format for Modvat invoices under rule 57GG: include registered person details and registration numbers, Range/Division/Collectorate, consignor/consignee and supplier/manufacturer particulars, goods description, identification marks, quantities, assessable value, duty rate and amounts, issue and removal dates/times, transport mode and vehicle number, and register cross references. Invoices must be pre printed with specified registration information, colour coded by copy, and the first and last invoice book copies pre authenticated by the Range Superintendent, except where invoices are computer generated. Certain particulars may be filled at despatch if unknown at issuance.

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.

Interest for delayed excise refunds fixed at prescribed statutory rate under the refund provision, establishing administrative interest liability.
The Central Board fixes the rate of interest payable on delayed refunds of duty under the Excises Act at 15% per annum for the purposes of the statutory refund provision, thereby prescribing a fixed statutory interest mechanism for refunds not made within the stipulated time.

Interest rate for delayed excise duty fixed, imposing a specified annual rate under excise law.
The Central Board of Excise and Customs, exercising powers under section 11AA of the Central Excises and Salt Act, 1944, fixes the interest rate for delayed payment of excise duty at twenty per cent per annum by administrative notification for the purposes of that provision.

Deduction under Section 35AC: approved institutions and eligible projects listed with specified eligible costs and validity periods.
Under Section 35AC the Central Government, on National Committee recommendations, approves named institutions and specifies for each the eligible project or scheme, the estimated project cost and the maximum amount of that cost allowable as a deduction. The notification lists project descriptions and locations, fixes the deductible cost cap per project, and prescribes differing validity periods for the availability of deductions for particular serial numbers.

Jumbo share certificate issuance allowed for listed and section 25 companies via custodians with counter receipts to allottees.
The amendment permits companies listed with the OTC Exchange of India and companies registered under section 25 of the Companies Act, 1956 to issue a single jumbo share certificate in favour of a Custodian and to provide counter receipts to every allottee. "Custodian" is defined as an entity performing post-trade activities such as settlement of purchases and sales, information reporting, safekeeping of securities and participation in clearing systems to effect deliveries on behalf of clients.

Instrument of transfer: mandated Form 7BB standardises OTC and not for profit company share transfer and CR procedures.
The amendment inserts sub-rule (2A) to rule 5A requiring that an instrument of transfer for companies listed with the OTC Exchange of India and companies registered under section 25 be in Form 7BB. Form 7BB prescribes a Counter Receipt & Transfer Form capturing transaction, counter and investor details, transferor/transferee particulars, attestation and lodging data, and sets contractual terms: applicability of Exchange rules, brokerage and transaction fees, CR exchangeability, first-holder authority, transfer without company reference within prescribed limits, custody risk allocation, consequences for dishonoured payment or invalid documents, and arbitration and jurisdiction provisions.

Exemption of edible preparations under tariff sub-heading 2108.90 provides Nil duty for specified soya products, mixes and namkeens.
The notification amends Notification No. 2/94-Central Excises by inserting entries 15A and 15B for tariff sub-heading 2108.90, prescribing Nil duty for specified edible preparations including listed soya products, powders of fruits and vegetables, specified mixes and namkeens, and for all other unbranded goods under that sub-heading not specified in 15A.

Tariff classification amendment: substitution of tariff item reference for sweetmeats and snacks under central excise powers.
Amendment to a Central Excise notification under section 5A of the Central Excises and Salt Act, 1944 substitutes one tariff heading reference for another in a prior notification addressing sweetmeats and snacks, effecting a change in the identified tariff item cited in the schedule.

Rescission of Central Excise notifications under statutory power removes specified miscellaneous exemptions set by prior notifications.
The Central Government, invoking the authority under sub section (1) of section 5A of the Central Excises and Salt Act, 1944, rescinds three notifications-No. 18/94 Central Excises, No. 142/94 Central Excises and No. 70/95 Central Excises-thereby withdrawing the miscellaneous exemptions previously granted by those notifications.