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Exemption to goods produced in 100% EOU or FTZ - Resinding of Notification Nos. 90/93, 91/93, 101/93 and 57/94
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Rescission of exemption restores central excise levy on goods produced in export oriented units or free trade zones under statutory powers.
The Central Government, exercising powers under the Central Excises and Salt Act and the Additional Duties of Excise Act, rescinds four notifications that had granted exemption to goods produced in export oriented units and free trade zones, thereby removing those exemptions and restoring the applicability of central excise duties to such goods as covered by the rescinded notifications.
Exemption to all excisable goods produced in 100% EOU, FTZ, EHTP or STP units when sold in India
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Excise exemption for EOU/FTZ/EHTP/STP sales in India limits excise to reduced customs-duty equivalent, subject to minimum and exclusions.
Goods manufactured in 100% EOU, FTZ, EHTP or STP units and sold in India are exempt from excise to the extent the excise exceeds an amount computed by reference to the duties of customs leviable on like imported goods, subject to scheme-specific domestic-sale value limits for EHTP and STP units. A proviso ensures duty payable is not less than the excise on like goods produced outside those units, except where the like goods attract a nil customs rate.
Life Saving Equipments - Amendment to Notification No. 208/81-Cus.
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Life saving equipment amendment narrows item descriptions, removing material-specific qualifiers for listed tubes.
The notification amends the Schedule under B. Life Saving Equipments by substituting wording at Sr. Nos. 28 and 29: "Sengstaken tubes - both plastic and metal" is replaced by "Sengstaken tubes" and "Tracheostomy tubes - both plastic and metal" is replaced by "Tracheostomy tubes," under the authority of section 25(1) of the Customs Act, 1962.
Exemption to specified goods meant for manufacture and packaging of articles in 100% EOU or manufacture or development of electronic hardware and software in EHTP or STP
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Exemption for inputs and capital goods allows duty-free procurement for export-oriented, EHTP and STP production units.
Exemption from excise duty and additional excise duty is granted on specified goods (Annexure I) when procured for manufacture and packaging in 100% export oriented undertakings, for manufacture/development of electronic hardware in EHTP units, or for software development in STP units, subject to conditions including prior approval of the user industry, direct procurement from manufacturers, exclusive use for export obligations, execution of a bond for accountal, compliance with modified Central Excise Rules procedures and verification by designated authorities; procedural permissions for outward movement, destruction, training use, and clearance on payment of duty in specified cases are provided.
Renewal of recognition the Vadodara Sock Exchange Limited, Baroda.
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Renewal of recognition granted to Vadodara Sock Exchange Limited under Securities Contracts regulation, permitting continued operation in securities trading.
Renewal of recognition is granted to Vadodara Sock Exchange Limited, Baroda, under the Securities Contracts (Regulation) Act permitting the exchange to operate in respect of contracts in securities for a further specified two-year period commencing in January 1995, following application under the Act and the Rules and regulatory satisfaction that renewal is in the interest of trade and the public.
Designated Authority under Customs Tariff (Identification, Assessment and Collection of Anti-Dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995
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Designated authority appointment under anti dumping rules assigns responsibility for identification, assessment and collection of duties.
The Central Government, under sub rule (1) of rule 3 of the Customs Tariff (Identification, Assessment and Collection of Anti Dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, appoints the Additional Secretary to the Government of India in the Ministry of Commerce as the designated authority for identification, assessment and collection of anti dumping duty and determination of injury under those Rules.
Designated Authority under Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995
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Designated authority under countervailing duty rules appointed to oversee identification, assessment and collection of duties.
The Central Government appoints the Additional Secretary in the Ministry of Commerce as the designated authority under rule 3(1) of the Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995 to perform identification, assessment and collection of countervailing duties and determination of injury; the notification notes subsequent supersession by a 2011 notification.
Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995
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Anti-dumping duty procedures require investigation, determination of dumping and injury, and permit provisional and final duties.
The rules assign the designated authority to investigate alleged dumping, determine normal value, export price and margin of dumping, and assess whether dumped imports cause or threaten material injury to domestic industry; they prescribe initiation criteria, notice and information procedures, confidentiality protections, methodologies for establishing dumping and injury (including non-market economy treatment), and provide for provisional duties, price undertakings, final findings and imposition, review, refunds and non-discriminatory application of anti-dumping duties.
Customs Tariff (Identificationn, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995
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Countervailing duty procedures: investigation, subsidy calculation and injury assessment to determine remedial duties on subsidised imports.
These Rules create a procedural and substantive scheme for countervailing duty investigations: a Central Government appointed designated authority investigates alleged subsidies, assesses benefit and causation, determines injury to domestic industry, issues public notices, protects confidential information while requiring non confidential summaries, conducts verifications (including in third countries where permitted), and recommends provisional or definitive countervailing duties. They set initiation thresholds, evidentiary requirements, methods for calculating per unit or ad valorem subsidy across types of measures (grants, loans, guarantees, provision of goods/services, tax measures, equity), rules for undertakings and price remedies, and review and refund mechanisms.

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Acts Income Tax