TaxTMI 
TaxTMI 
Amends Notification Nos.5/94-Cus dated 18.01.1994, 94/96-Cus.16.12.1996, 56/2000-Cus dated.05.05.2000, 57/2000-Cus dated 08.05.2000, 52/2003-Cus dated 31.03.2003
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....toms Act, 1962 (52 of 1962), the Central Government being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table hereto annexed shall be amended or further amended, as the case may be, in the manner specified in the corresponding entry in column (3) of the said Table, namely:- TABLE Serial Number Notification number and Date Amendments (1) (2) (3) 1. 5/1994-Customs, dated the 18th January, 1994, G.S.R.28 (E), dated the 18th January, 1994. In the said notification,- (1) in the opening paragraph, the words " or a unit working in a free trade zone" shal....
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....lue of exported goods was counted towards fulfillment of export obligation, the amount of customs duties leviable on the duty free inputs obtained from Nominated Agencies but for the exemption availed under the Ministry of Finance (Department of Revenue) notification No. 56/2000-Customs dated the 5th May, 2000 [vide G.S.R. 399 (E), dated the 5th May, 2000] and notification No. 57/2000-Customs dated the 8th May, 2000 [vide G.S.R. 413 (E), dated the 8th May, 2000] shall also be paid in addition to amount of duty specified in column (3) of the Table:" (2) in the Explanation, after clause (b), the following clause shall be inserted, namely:- "(c) "Nominated agencies" means the Metals and Minerals Trading Corporation limite....
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....ition (d), in clause (I), for sub-clause (ii), the following sub-clause shall be substituted, namely:- "(ii) in the case of goods other than capital goods, such goods as are not proved to the satisfaction of the said officer to have been used in connection with the production or packaging of goods in accordance with SION for export out of India or cleared for home consumption within a period of three years from the date of import or procurement thereof or within such extended period as the said officer may, on being satisfied that there is sufficient cause for not using them as above within the said period, allow: Provided that- (a) where no SION have been notified, the generation of waste, scrap and remnants upto 2% of the import ....
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....ot;; (b) after serial number (xii) and the entry relating thereto, the following serial number and entry shall be inserted, namely:- "(xiii) "SION" means Standard Input Output Norms notified by Director General of Foreign Trade in Handbook of Procedures, Vol. 2, 2004-09/approved by Board of Approval.". (F.No: DGEP/FTP/69/2007-EOU & G & J) (Aseem Kumar) Under Secretary to the Government of India Note:- 1. The principal notification No. 5/1994-Customs, dated the 18th January, 1994 was published in the Gazette of India Extraordinary, Part II, Section 3 (i) vide G.S.R. 28 (E), dated the 18th January, 1994; 2. The principal notification No. 94/96-Cus dated the 16th December, 1996 was published in the Gazette of Ind....