Exchange rate amendment for imported goods updates statutory rate for Swedish krona, affecting customs valuation procedures.
The Central Government, exercising statutory powers, substitutes the Schedule I entry for serial No. 13 to set the official exchange rate for Swedish Kroner for customs valuation, amending Notification No. 48/95-NT.-Cus. and specifying the date on which the new rate takes effect.

Customs duty exemption for Advance Licence imports conditioned on fulfilment and proof of export obligations and bond security.
Materials imported under an Advance Licence and covered by a Quantity Based Duty Exemption Entitlement Certificate are exempt from customs and specified additional duty subject to conditions: imports must be covered by the certificate in respect of value, quantity and specifications; the licence and certificate must be produced at clearance; a bond with security must be executed to secure duty and interest where conditions are not met (unless export obligation is discharged); export obligations must be fulfilled within the certificate period or extensions and evidenced to customs; and exempted materials are restricted to use for specified export products and replenishment only.

Customs duty exemption for Value Based Advance Licence imports subject to compliance and export obligation discharge.
Materials imported under a Value Based Advance Licence issued on or after 19th September, 1995 are exempt from customs and additional duty subject to conditions: production of a prescribed Value Based Duty Exemption Entitlement Certificate, execution of a bond (unless export obligation discharged) binding payment of duty with interest for non compliance, presentation of licence and certificate at clearance, specified ports/depots for movement, discharge of export obligation by exporting listed Indian manufactured products (excluding those availing certain excise facilities or drawback), evidence of discharge within prescribed time, and prohibition on disposal except for utilisation or replenishment.

Bond requirement for imports now mandates execution before clearance and adds substantial interest on delayed export obligation.
Amendments require omission of clause (a) in condition (iii), add an interest charge from date of clearance for clause (b), substitute a proviso that a bond is unnecessary after full discharge of the export obligation, and amend condition (v) to require production of the discharge certificate with evidence to the satisfaction of the Assistant Commissioner of Customs. The Schedule now mandates that a bond in terms of the notification be executed before clearance of goods for both import and export.

Import evidence requirement tightened in EPCG imports, and interest liability on defaults clarified for customs compliance.
Amendment to the EPCG import exemption notification omits condition (2), replaces the requirement of "a certificate from the Licensing Authority" with "evidence to the satisfaction of the Assistant Commissioner of Customs", and adds an express interest liability at the end of conditions (4) and (5), with interest accruing from the date of clearance of the goods.

Interest addition on EPCG scheme imports enforced; documentation standard shifted to customs satisfaction, affecting exemption compliance and recovery procedures.
The amendment omits condition (2) of Notification No.111/95-Cus, replaces the requirement for "a certificate from the Licensing Authority" in condition (4) with "evidence to the satisfaction of the Assistant Commissioner of Customs," and appends an obligation to pay interest from the date of clearance of the goods to conditions (4), (5) and (6), thereby altering documentary validation and imposing interest-linked recovery for non-compliance with EPCG exemption conditions.

Interest on exempted materials imposed from date of clearance under amended customs notification for international aid projects.
Notification No. 144/95 (19-9-1995) amends Notification No.128/94 by omitting condition (3) and by adding to condition (4) an obligation that materials used in goods supplied to the United Nations and projects aided by multilateral and bilateral agencies and funds will attract interest at the prescribed annual rate from the date of clearance of materials.

Customs exemption amendment updates conditions, adds interest on cleared inputs and removes licensing certificate requirement.
Amendment to Notification No. 10/95 Customs, effected under sub section (1) of section 25 of the Customs Act, omits condition (2); adds to condition (3) an interest obligation accruing from the date of clearance of exempt inputs at a specified annual rate; and deletes the licensing authority certificate requirement from condition (4), thereby changing documentary prerequisites and imposing post clearance monetary liability on cleared inputs.

Bond requirement strengthened for value based advance licence imports, with stricter evidence of export discharge and customs scrutiny.
Amendments require payment of interest on cleared materials, substitute the Licensing Authority endorsement for evidence of discharge of export obligation to the satisfaction of the Assistant Commissioner of Customs, and replace prior "Legal Undertaking" references with a bond that must be executed before customs clearance for both import and export under the Value Based Advance Licence scheme.

Bond requirement for VABL imports updated: interest added on clearance and bond waived after export obligation discharge.
The amendment requires payment together with interest at the rate of 24% per annum from the date of clearance of the materials, provides that a Bond is not necessary for imports made after discharge of the export obligation in full, requires evidence of discharge of export obligation to the satisfaction of the Assistant Commissioner of Customs, and mandates that a Bond in terms of the notification be executed before clearance of goods from customs.

Bond requirement for imports and exports; interest on cleared materials and export evidence to satisfy customs.
Amendments revise conditions for Special Value Based Advance Licence imports and exports: clause (b) of condition (3) is omitted; clause (c) is supplemented to require interest on cleared materials from the date of clearance; condition (5) now requires the export certificate together with evidence of discharge of export obligation to the satisfaction of the Assistant Commissioner of Customs. The Schedule substitutes prior legal undertaking language with a bond to be executed before customs clearance for both import and export entries, and omits Part I of the export entries.

Exemption under section 35AC approves institutions, lists eligible projects and specifies maximum deductible project costs.
Notification under section 35AC approves specified institutions and their named projects as eligible for deduction, records estimated project costs and the maximum amount allowable as a deduction for each project, and sets the period of validity for particular entries; amendments to several cost figures and entries are recorded in the accompanying notes.

Prohibition on sole selling agents restricts appointment for specified goods when demand outstrips production, removing necessity for agents.
The Central Government, invoking statutory power under the Companies Act framework, declares that companies shall not appoint sole selling agents for specified goods because demand for those goods substantially exceeds production or supply and sole selling agents are unnecessary to create a market; the prohibition applies to the listed categories of cement and paper for the period stated in the notification.

Customs notification amendment adds and substitutes inland container depot locations, altering permitted unloading and loading sites under Customs Act authority.
Amendment to customs notification under clause (aa) of section 7 of the Customs Act, 1962 revises authorised Inland Container Depots: it substitutes the column (3) entry for S. No. 9 (State of Maharashtra) with two depot locations and adds two depot locations to column (3) for S. No. 10 (State of Rajasthan), altering authorised sites for unloading of imported goods and loading of export goods in those States.

Drawback threshold change lowers the exemption limit while excluding advance licence and postal exports from relief.
Amendment to the Customs and Central Excise Duties Drawback Rules, 1995 substitutes the words in rule 8(1) reducing the monetary limit from five thousand rupees to five hundred rupees under powers of section 75 of the Customs Act, 1962 and section 37 of the Central Excises and Salt Act, 1944, and provides that this substituted sub rule shall not apply to drawback on exports made to discharge export obligations under an Advance Licence or to exports made by post.

Invoice particulars amended to require RG-23D entry and revised manufacturer and goods description fields on excise invoices.
Amendment requires insertion of an "Entry and page No. in RG-23D" after the Central Excise Registration No.; replaces the manufacturer/importer entry with "Name and Address of manufacturer/importer"; and substitutes the goods entry to read "Description of goods, tariff classification and sub-heading No.".

Concessional duty for airconditioned coaches extended until 31 March 1996 under Customs Act amendment.
Concessional rate of customs duty for imported airconditioned coaches is extended by substituting paragraph 2 of Notification No. 73/95-Customs so that the notification remains in force up to and inclusive of 31st March 1996, under the powers of section 25(1) of the Customs Act, 1962.

Customs baggage rules amendment expands specified border countries, raises exempt baggage value, and removes a sub clause.
Amendments to the Baggage Rules, 1994 expand the list of neighbouring countries in Chapter II Rule 3, omit sub clause (b) of clause II of Rule 5, and increase the monetary threshold in Chapter III Rule 12, with the changes effective on publication under the authority of section 79(2) of the Customs Act, 1962.

Exemption for office equipment expanded - prior notifications amended to substitute 'office equipments, spares and consumables thereof'.
The Central Government amends specified Central Excise notifications by substituting in Annexure I the entry Office equipments, spares and consumables thereof for the entries against the indicated serial numbers in the notifications dated 2 September 1994, 10 November 1994, 4 January 1995 and 23 February 1995, thereby harmonising the description of exempted office equipment and related parts and consumables.

Corrigendum to DTAA wording corrects multiple typographical and textual errors to preserve treaty clarity and operability.
The corrigendum for the Double Taxation Avoidance Agreement notification corrects multiple typographical and textual errors in the published instrument by specifying precise word substitutions across articles and pages, restoring intended terms and grammar (for example replacing misspellings such as "esterprise" with "enterprise" and "comporate" with "corporate"). These edits are textual corrections to the notification and serve to align the published treaty text with its intended wording without introducing substantive changes to treaty obligations.