TaxTMI 
TaxTMI 
Extension of terminal date of basic custom duty exemption on raw sugar and white/refined sugar. - Amends notification no. 21/2002
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....CE (DEPARTMENT OF REVENUE) Notification No. 55 /2011 - Customs New Delhi, the 05^th July, 2011 G.S.R.508(E):- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the ....
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....or 1701 99 90 Refined or white sugar Nil - 5K 37K . 1701 Raw sugar if imported by a bulk consumer Nil - 5L (iii) in the Annexure, after condition No. 5 and the entries relating thereto, the following conditions shall be inserted, namely :- Condition No. Conditions 5J (a) If imported by a sugar factory or a sugar refinery. Explanation.- Fo....
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....as the case may be, on production of a certificate from the Central Excise authorities having jurisdiction over such sugar factory within a period of three months from the date of import of such raw sugar that the entire quantity of imported raw sugar has been refined and (iii) in the event of his failure to comply with the above conditions, the importer shall be liable to pay, in respect of su....
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....n ten quintals of sugar per month as a raw material for production or consumption or use in any manner other than sale. (ii) the said certificate shall be issued by the Chartered Accountant after taking into account monthly use or consumption of sugar by such person, establishment or unit in the last twelve months; and (iii) "Chartered Accountant" shall have the same meaning as assigne....