TaxTMI 
TaxTMI 
Shipping Bill (Post export conversion in relation to instrument based scheme) Regulations, 2022
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....y, 2022 G.S.R. 146(E).-In exercise of the powers conferred by section 157 read with section 149 of the Customs Act, 1962 (52 of 1962), the Board, hereby makes the following regulations, namely:- 1. Short title and commencement. - (1) These regulations may be called the Shipping Bill (Post export conversion in relation to instrument based scheme) Regulations, 2022. (2) They shall....
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....f Customs" means the Principal Chief Commissioner or Chief Commissioner of Customs who has jurisdiction over the Customs station from where the export has taken place. (e) "Jurisdictional Commissioner of Customs" means the Principal Commissioner or Commissioner of Customs who has jurisdiction over the Customs station from where the export has taken place. (2) Words and expressions used....
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....dictional Chief Commissioner of Customs, having regard to the circumstances under which the exporter was prevented from applying within the said period of one year and six months, may consider and decide, for reasons to be recorded in writing, to extend the said period of one year and six months by a further period of six months. (2) For the purpose of computing the period of one year under sub....
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....ed. 4. Conditions and restrictions for conversion of Shipping Bill. - (1) The conversion of shipping bill and bill of export shall be subject to the following conditions and restrictions, namely :- (a) fulfilment of all conditions of the instrument based scheme to which conversion is being sought; (b) the exporter has not availed benefit of the instrument based scheme from whi....