Exchange rate amendment updates specified foreign currency conversion rates for import valuation and substitution of schedules, effective immediately.
Amendment updates prescribed conversion rates for specified foreign currencies by substituting entries in Schedule I and Schedule II of the earlier customs notification, providing revised rupee equivalents for listed currencies to be used in import valuation and customs procedures; the substituted rates take effect from the stated commencement date.

Removal of excisable goods: amendment permits inter-warehouse transfers by adding specified warehouse locations to permissive notification.
The Government amends the existing permissive central excise notification by adding two specific warehouse locations to the schedule, thereby permitting those named warehouses to remove excisable goods without payment of duty when transferring goods to another warehouse under the notification's duty-suspension mechanism.

Restoration of import policy for plastic waste: imports of plastic wastes and scraps governed by prior public notice.
The Government has withdrawn intervening notifications and public notices and restored the prior regulatory regime: imports of plastic wastes, parings and scraps shall continue to be governed by the conditions set out in the earlier public notice under the Export and Import Policy framework.

Anti-dumping duty on P Tert Butyl Catechol imposed for dumped imports from France, tied to landed value calculation.
Anti-dumping duty is imposed on P Tert Butyl Catechol originating in or exported from France following a preliminary finding of export below normal value causing material injury; the duty is the difference between a specified reference price per kg and the landed value per kg, with "landed value" defined as the assessable value under the Customs Act excluding certain customs duties, and the notification sets a defined period of effect.

Tax exemption for specified rural housing tax-free bonds requires holder registration to qualify for benefit.
Specification designates 7 year NHB Swarna Jayanti Rural Housing Finance tax free bonds as eligible for exemption under section 10(15)(iv)(h), identifies the issuer and series by tenure, interest and distinctive bond numbers, and conditions the tax benefit on the bondholder registering his or her name and holding with the issuing bank.

Section 120 amendment: substitutes specified Income-tax Director and Commissioner postings in Calcutta and Patna under the notification.
Amendment under Section 120 substitutes the schedule entry for serial number 27 in the cited notification, replacing prior entries with specified Director and Commissioner of Income-tax postings: Director of Income-tax (Investigations), Calcutta; Commissioner of Income-tax East, Calcutta (Central)-I; Commissioner of Income-tax (Central)-II, Calcutta; and Commissioner of Income-tax (Central), Patna.

Pass-book credit validity extended where exports effected before cutoff; credit allowed until an expressly extended date under amendment.
Amendment inserts a proviso extending pass-book credit validity where export was effected on or before 31st March, 1997 and credit in the pass-book has not been granted; in such cases the pass-book shall be valid for credit up to and including 31st March, 1999.

Tariff classification change for unwrought nickel alters applicable subheading for manufacture-of-iron-and-steel use.
The Central Government, under section 25(1) of the Customs Act read with section 68(4) of the Finance (No. 2) Act, 1996, amends Notification No. 12/97-Customs by substituting in the Table against serial No. 14A, item (f), the words "unwrought nickel falling under sub-heading No. 7502.20" with "unwrought nickel falling under sub-heading No. 7502.10", thereby changing the tariff classification of unwrought nickel used in the manufacture of iron and steel.

Exchange rates notification: Amendment adds specified foreign currency rates for export goods, effective from the notified date.
Amendment by Notification No. 9/99-Cus. (N.T.) inserts additional foreign currency conversion entries into Schedule I and Schedule II of Notification No. 7/99-NT-Cus., listing specified currencies with their rupee equivalents and declaring those rates effective from 1st February, 1999.

Exchange rate amendment updates specified foreign currency conversions for customs, setting official rupee equivalents effective from February.
Amendment to Notification No. 6/99-Cus. inserts specified foreign currency exchange rates into Schedule I (per unit) and Schedule II (per 100 units) as official rupee equivalents for customs conversion, pursuant to section 20(2) of the Indian Stamp Act and clause (a)(i) of section 14(3) of the Customs Act, effective from 1st February, 1999.

Rescission of anti-dumping notification withdraws prior customs instrument affecting lovastatin imports from China under tariff rules.
The Central Government rescinded the prior customs notification concerning lovastatin originating in or exported from the People's Republic of China, exercising powers under the Customs Tariff framework and the anti-dumping procedural rules, thereby withdrawing Notification No. 93/98-Customs as recorded in the Gazette and replaced by the subsequent notification dated 29th January, 1999.

Anti-dumping duty on Lovastatin imposed to offset dumped imports by charging the difference between reference price and landed value.
An anti-dumping duty is imposed on Lovastatin imports from the People's Republic of China under the Customs Tariff Act and anti-dumping rules, following Designated Authority findings of dumping below normal value and material injury to domestic industry. The duty equals the difference between the specified reference price per kg and the assessable "landed value" per kg as determined under the Customs Act. The duty takes effect from the date the provisional duty was imposed. "Landed value" is defined as the assessable value under the Customs Act and includes all customs duties except those levied under certain sections of the Customs Tariff Act.

Exchange rate determination for export goods: specified published rates apply from 1 February 1999 by the central government.
The Central Government determines that, for export goods, the rate of exchange of each foreign currency specified in Schedule I and Schedule II shall, with effect from 1 February 1999, be the rate mentioned against it in column (3) of the respective schedule, for conversion into Indian rupees or vice versa.

Exchange rate determination for imported goods set effective February, prescribing rates for customs and stamp duty conversion.
The Central Government, under powers conferred by the Indian Stamp Act and the Customs Act, prescribes specific exchange rates for conversion between listed foreign currencies and Indian rupees for calculating stamp duty and for section 14 purposes in respect of imported goods, effective 1 February 1999, and attaches Schedule I (per unit rates for specified currencies) and Schedule II (rate for 100 units of Japanese Yen), superseding the earlier notification.

Customs appointment for specified purposes: amendment permits unloading of imports and loading of exports at specified airports.
The Central Government amends Notification No. 61/94-Cus. (N.T.) by substituting the entry for Uttar Pradesh, item (c), column (4), to authorise specifically the unloading of imported goods and the loading of export goods, or any class of such goods, at the designated airports.

Potato export liberalisation: prior restriction removed, permitting export under the Open General Licence subject to FTP provisions.
The notification deletes the prior Export and Import Policy entry regulating potato exports, thereby permitting potato to be exported under the Open General Licence; the amendment is made under Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 read with paragraph 1.3 of the Export and Import Policy and is issued in the public interest by the Directorate General of Foreign Trade.

Import classification amendment updates HS code descriptions for specific steel products, altering import licensing descriptions and scope.
Amendment of descriptions and ITC(HS) codes for specified entries in Import Licensing Notes 3 and 4 of Chapter 72 revises classification and descriptive scope for certain steel imports, replacing prior entries to identify H.R. coils, C.R. coils/sheets, tinplate waste and misprints, electrical sheets (CRNO), and plates under the stated HS code groupings and aligning Note 4 descriptions with those in Note 3.

Anti-dumping duty on imported acrylic fibre enforces exporter-specific margins applied against landed value to prevent injurious dumping.
The Central Government imposes exporter specific anti dumping duties on acrylic fibre from Japan, Spain, Portugal and Italy, calculated as the difference between prescribed per kg amounts for listed exporters (and residual rates for other exporters) and the landed value. Duties apply from the date of provisional imposition and "landed value" is defined as the assessable value under the Customs Act excluding certain customs tariff duties.

Rescission of anti-dumping notification revokes prior China-origin ortho chloro benzaldehyde import measure under Customs Tariff Act.
Notification No. 7/99-Cus dated 22-1-1999 rescinds Notification No. 95/98-Cus (GSR 700(E), 24-11-1998) concerning ortho chloro benzaldehyde originating in or exported from the People's Republic of China, under the powers of section 9A(2) of the Customs Tariff Act, 1975 read with rule 13 of the Anti-dumping Rules, 1995.

Anti-dumping duty imposed on Ortho Chloro Benzaldehyde from China, equal to difference between reference price and landed value.
Imposition of anti-dumping duty on Ortho Chloro Benzaldehyde from the People's Republic of China is set at a rate equal to the difference between a specified reference price per kilogram and the landed value per kilogram. The duty applies to imports classified under Chapter 29 and is levied from the date the provisional duty was imposed. "Landed value" means assessable value under the Customs Act, inclusive of customs duties except those levied under certain provisions of the Customs Tariff Act.