Amendments in the notification No. 21/2002-Customs, dated the 1st March, 2002

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....on (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 21/2002-Customs, dated the 1st March, 2002, namely:-  In the said notification,- &nbsp....

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....mely,- " (a) the goods are imported,- (i) by a manufacturer of handicrafts; (ii) by a merchant exporter tied up with supporting manufacturer of handicrafts;  or (iii) on  behalf of the said manufacturer or merchant exporter by the Export Promotion Council for Handicrafts, for use in the manufacture of handicrafts for export by the said manufacturers or as the case m....

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....(b) the total value of goods imported does not exceed 3 per cent. of the FOB value of textile garments other than the handloom garments or 5 per cent. of the FOB value of handloom garments or leather garments exported during the preceding financial year, however the value of lining and inter-lining materials imported shall not exceed 2 per cent. of the said total value"; (b) in condition (c) an....