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Imports from Sri Lanka - Notification No. 84/95-Cus.
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Rescission of customs notification: prior exemption revoked under executive power as necessary in public interest.
The Central Government, invoking its statutory authority under the Customs Act and acting in the public interest, rescinds the earlier customs exemption notification for imports from Sri Lanka by issuing a subsequent notification that withdraws the prior exemption issued by the Department of Revenue.
Oral Rehydration Salts (ORS) - Exempted [Heading 30.03]
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Excise exemption: Oral Rehydration Salts in branded packages now exempt from central excise duty under amended notification.
Excise exemption for Oral Rehydration Salts (ORS) in packages bearing a brand name was effected by amending the tariff notification to add a new entry under heading 30.03, prescribing Nil central excise duty for such branded ORS and thereby incorporating the commodity into the schedule of miscellaneous exemptions.
Power to modify Act in its application to Nidhis, etc, - Declaration of Nidhi companies subject to certain directions
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Nidhi declaration: companies designated as Nidhis with prescribed statutory modifications and schedule additions under executive power.
Declaration designates specified companies as Nidhis and subjects them to directions in the referenced government notification, invoking executive power to modify the Companies Act's application by excluding or adapting certain provisions as set out in an earlier notification; the instrument lists the companies and amends the regulatory schedule to add entries for these Nidhis, thereby incorporating them into the framework of prescribed exceptions and modifications.
Exemption to specified goods imported for SANGRAHA Programme
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Customs duty exemption for SANGRAHA imports requires certified authorization, designation by officials, and use restrictions.
Exempts specified goods listed in the First Schedule to the Customs Tariff Act imported for the SANGRAHA Programme by authorised Work Centres, designated government agencies or public sector undertakings from the whole of the customs duty and the whole of the additional duty under section 3, provided the importing entity is designated by a Deputy Secretary level officer and produces at import a certified list endorsed by the Programme Director (confirming requirement, non availability in India, and exclusive Programme use) and by an Under Secretary level officer (confirming Ministry authorisation).
Project Imports - Vishakh-Vijaywada Pipeline Project notified
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Customs exemption: Vishakh-Vijaywada pipeline project added to notified project imports, enabling tariff relief under specified customs heading authority.
The Central Government amends a customs exemption notification, adding the Vishakh-Vijaywada Pipeline Project as a newly listed project import entry, thereby bringing that pipeline project within the scope of the prior notification's project-import tariff concession under the customs tariff framework.
Exemption to all goods supplied for SANGRAHA Programme
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Exemption for goods supplied to SANGRAHA Programme permitted when a Programme Director certificate is produced until specified sunset.
The amendment inserts an exemption for all goods supplied to the SANGRAHA Programme under the Ministry of Defence, conditioned on production before clearance of a certificate from the Programme Director, Programme SANGRAHA, Department of Defence Research and Development, certifying the goods are intended for the Programme. A proviso establishes that the exemption for this entry will cease to apply on and after a specified sunset date.
Amendment to Central Excise Rules
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Capital goods credit limited until installation or use; early credit allowed if removed on payment of duty.
Amendment to rule 57Q disallows credit for specified duty on capital goods received before 16th March 1995 where credit was not previously allowable, and for capital goods received on or after 1st January 1996 prohibits taking credit prior to their installation or first use for manufacture as certified by the manufacturer or a designated officer; a proviso allows earlier credit when capital goods are removed from the factory for home consumption or export upon payment of the appropriate excise duty on the date of removal.

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Acts Income Tax