Customs duty exemptions specifying ad valorem duty rates and conditional concessions for a wide range of imported tariff items.
Prescribes exemptions and effective ad valorem rates of basic customs duty and, where applicable, additional duty for goods in Chapters 1-99 by reference to a Table which pairs tariff entries with descriptions, standard rates, additional duty rates and condition numbers; concessions include nil or reduced duty for specified raw materials, parts, capital goods, medical and life saving supplies, renewable energy and project specific imports, and are subject to quantitative limits, purpose of import restrictions and Annexure conditions.

Exemption of Pan Masala from National Calamity Contingent Duty where duty equals amount paid from excise account current.
Exemption of Pan Masala under heading 21.06 cleared under specified central excise exemption notifications is granted from that portion of the National Calamity Contingent Duty equal to the amount of duty paid by the manufacturer from the account current maintained under the Central Excise Rules, and is to be given effect in the same manner as the exemption contained in the notifications governing clearance of the goods.

Exemption for unbranded apparel from excise duty, excluding products bearing a registered brand name under trade-mark definition.
Exemption granted for non-knitted articles of apparel and clothing accessories within specified tariff headings from the whole of excise duty, excluding goods bearing or sold under a registered brand name. The measure was taken under executive exemption powers and expressly excluded items identified by a registered brand name as defined by the Trade and Merchandise Marks statute (including symbols, monograms, labels, signatures or invented words indicating a trade connection). The notification was later rescinded.

Aggregate excise duty cap on processed textile fabrics limits central and additional duties apportioned equally.
Exempts specified processed textile fabrics from that part of the aggregate excise duty exceeding sixteen per cent. ad valorem, and directs that the aggregate duty up to that rate be apportioned equally between Central Excise and Additional Duties of Excise (Goods of Special Importance). The Table enumerates covered tariff entries and goods; S.No.3 defines "independent processor" and provides that the fabrics' value shall be 40% of the value determined under section 4 of the Central Excise Act.

Rescission of exemption notification under Central Excise Act withdraws prior tariff relief while preserving past actions.
The Central Government rescinds the prior Ministry of Finance notification granting a Central Excise exemption, withdrawing that exemption prospectively while preserving acts done or omissions committed before the rescission.

Interest rate for warehoused goods revised, superseding prior notification and taking effect in mid-March.
Fixes the rate of interest on warehoused goods at twenty-four per cent per annum under the Customs Act, 1962, superseding notification No. 30/99 Customs of 12 May 1999 except as to past actions, and states that the notification takes effect on 16 March 2001.

SSI exemption scheme for clearances grants concessional duty treatment and nil rate inputs subject to a written option and aggregation rules.
SSI exemption permits specified small scale clearances for home consumption to be exempted to the extent duties exceed a concessional rate, subject to two operative categories: initial clearances up to an aggregate value at a concessional percentage of normal duty, and clearances used as inputs for further manufacture within the factory which are nil rated. Eligibility requires a written option before first clearance, notification to authorities with prescribed particulars, aggregation across factories and manufacturers, and compliance with exclusions and valuation definitions.

Payment of excise duty: duty must be paid on removal and registered persons must follow assessment, invoicing and record rules.
The Central Excise Rules, 2001 establish that excise duty is payable on removal of excisable goods from factories or warehouses, with the assessee primarily responsible for self-assessment and payment subject to specified payment schedules, interest on delayed payment, and instalment forfeiture rules. The rules mandate registration, invoicing in triplicate, daily stock accounts, monthly returns, provisional assessment with bond where valuation is uncertain, CENVAT credit for returned goods, warehousing and export procedures, and enforcement powers including search, seizure, confiscation and penalties.

Commercial sample value limit for courier exports increased, modifying regulation to raise the permitted export threshold.
The amendment substitutes the existing value threshold of ten thousand rupees with fifty thousand rupees in regulation 3(c) of the Courier Imports and Exports (Clearance) Regulations, 1998, raising the maximum declared value for commercial samples consignable under courier clearance procedures; it is made under section 157 of the Customs Act and comes into force on publication in the Official Gazette.

SSI exemption scheme limits duty free clearances subject to non availment of CENVAT credit and aggregate conditions.
The notification exempts specified SSI clearances for home consumption from excise duty up to an aggregate threshold for first clearances, conditional on the manufacturer not availing CENVAT credit on inputs or capital goods for such clearances. Manufacturers may opt to pay normal duty instead by prior written notice, and the exemption is applied on the aggregate of clearances across factories or manufacturers. Certain clearances (already exempt, bearing another person's brand ineligible for exemption, or used as inputs within the factory) are excluded from the aggregate, and an annexure lists tariff headings and goods excluded from the scheme.

Tariff valuation for branded apparel tied to retail sale price, including taxes, freight, commissions and other charges.
Fixes tariff value for apparel and clothing accessories under sub-headings 6201 and 6202 bearing or sold under a registered brand name at a proportion of the retail sale price. Retail sale price is defined to mean the maximum price to the ultimate consumer and includes all taxes, freight and transport charges, dealer commission, and charges for advertisement, delivery, packing, forwarding and similar items.

Deemed CENVAT credit rates set for textile processors and mills, enabling input duty credit against final product liability.
Notification declares specified textile inputs and final products and deems excise and additional duties on those inputs to have been paid, allowing a fixed deemed credit-without production of duty payment documents-to manufacturers. Different deemed credit percentages apply to composite mills and to other manufacturers for cotton-only and other final products. The credit may be utilised against excise or additional duty on final product clearance, used for home-consumption or export-related clearances or refunded where adjustment is not possible, subject to exclusions and safeguards.

Rescission under Section 3A withdraws specified central excise notifications while preserving actions completed before rescission.
Rescission under Section 3A of the Central Excise Act withdraws the force of three specified notifications relating to central excise tariff and miscellaneous exemptions, while expressly preserving actions done or omissions made before the rescission; the instrument identifies each notification and its amendments and records the departmental file reference.

Transitional clearance limits for excisable goods set, defining eligibility and aggregate-value entitlement for nil or concessional duty.
Amendments to specified Central Excise notifications revise exemption and concessional-duty schemes by deleting and substituting schedule entries, altering exclusion language for chapters and schedules, reclassifying certain yarns, fabrics, bearings and goods, and inserting transitional provisions for a brief period that limit aggregate clearances eligible for nil or concessional duty according to a manufacturer's aggregate clearances as on a specified cutoff date, with entitlement calculations and illustrative examples; a statutory definition of retail sale price is also inserted.

CENVAT credit scope expanded to include additional and calamity duties, with specified utilization and removal rules.
Rule 57AB is restructured to define CENVAT credit available to manufacturers, allowing credit of duties in the First and Second Schedules, specified additional duties, the National Calamity Contingent duty and equivalent customs duty on inputs or capital goods received in the factory on or after 1 March 2001, clarifying credit when goods cease to be exempt, prescribing utilization for duty on final products or removed inputs/capital goods, timing for utilisation, payment and invoicing on removals, and restricting calamity-duty credit use to payment of that duty.

MRP-based excise levy for specified packaged goods, with prescribed retail-price abatements under law and superseding prior notifications.
Prescribes applicability of MRP-based excise levy to specified goods identified by tariff headings and prescribes corresponding abatements of the retail sale price to determine taxable value; supersedes earlier notifications and defines "retail sale price" to include taxes, freight, dealer commission and charges such as advertisement, delivery, packing and forwarding.

Exemption from National Calamity Contingent duty for specified betel nut products, handmade biris and hookah tobacco under conditions.
Exemption from National Calamity Contingent duty is provided for specified excisable goods by tariff heading, subject to specific descriptive, manufacturing and branding conditions: betel nut preparations without tobacco are exempt if no other chapter goods are made in the same factory and no shared brand name exists; hand-manufactured biris not sold under a brand name are exempt for first clearances for home consumption subject to an annual clearance ceiling; and hookah or gudaku tobacco is exempt as described.

Effective excise rates set for specified tariff items to cap duty at amended ad valorem levels nationwide.
Exempts goods specified by chapter, heading or sub heading in the Second Schedule to the Central Excise Tariff Act from so much of excise duty as exceeds the effective rates shown in the annexed Table, with column (3) rates treated as ad valorem unless otherwise indicated and certain entries listed as Nil; issued under sub section (1) of Section 5A of the Central Excise Act, 1944, and later rescinded by a subsequent notification identified in the document.

Excise rate prescription: specified goods exempted above stated ad valorem rates, subject to documentary and procedural conditions.
Prescribes effective excise duty rates by exempting, for listed goods, that portion of duty and special duty exceeding rates specified in the Table (ad valorem unless otherwise stated). Application is by Chapter/heading/sub heading entries and includes Nil rates, percentage reductions of First Schedule duty, or fixed per unit rates. Exemptions are conditional on Annexure requirements and procedural proofs (capacity declarations, certificates, Chapter X compliance, non availment of certain input credits, quantity caps, and specified documentary formalities). Several appended Lists identify eligible drugs, inputs, machinery and medical and energy items.

Income from manufacture of coffee and rubber: specified portions deemed taxable and replanting costs allowed.
Rules 7A and 7B amend the Income-tax Rules, 1962 to treat income from manufacture of rubber (centrifuged latex/cenex) and coffee as business income, deeming 35% and 40% respectively to be income liable to tax. Both provisions allow an allowance for replanting costs where plants have died or become permanently useless in an area not previously abandoned, and specify that no deduction for subsidies excluded from total income under clause (31) of section 10 shall be made when determining that cost. The amendment is effective from 1 April 2002.