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December, 2008

Some of the Important Announcements made by the CBEC, Government of India during December, 2008

Department of Revenue

1.    Notification No. 129/2008-Customs dated 7thDecember, 2008 exempt Iron ore fines when exported out of India, from the whole of the duty of customs leviable thereon.

2.Notification No. 136/2008-Customs dated 24thDecember, 2008 exempts the following Capital goods and also notify the procedures relating to fulfillment of Export Obligation.

 i.     Capital goods for pre-production, production and post production including second hand capital goods)

ii.    Capital goods in Semi Knocked Down (SKD) Completely Knocked Down (CKD) condition;

iii.    Spare Parts of goods specified at Sr. No.i and ii as actually imported and required for maintenance of capital goods so imported, assembled, or manufactured

iv.     Spare Parts for the existing plant and machinery imported under this scheme.

3.    Circular No.20/2008-Customs dated 2ndDecember, 2008 issued guidelines for compounding of offences under Customs (Compounding of Offices) Rules, 2008.

4.    Circular No.21/2008-Customs dated 18thDecember, 2008 issued instructions relating to Import of Toys – Compliance with labeling requirements under Standards of Weights and Measures (Packaged Commodities) Rules, 1977.

5.    Circular No.22/2008-Customs dated 19thDecember, 2008 issued clarifications on classification of combined refrigerator freezer with separate external doors for the purpose of extending benefit of Notification No.85/2004-Customs dated 31.8.2004.

6.     Circular No. 23/2008-Customs dated 29thDecember, 2008 issue instructions relating to Import of Toys – Compliance with labeling requirements under Standards of Weights and Measures (Packaged Commodities) Rules, 1977.

7.      Notification No.59/2008-Central Excise dated 7thDecember, 2008 exempts specified excisable goods.

8.     Circular No.879/17/08-CX1 dated 5thDecember, 2008 issue instructions relating to classification of bura, makhana, mishri, hardas and battasss.


Click herefor the details of allCustoms Notifications

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Click herefor the details of allCentral Excise Notifications

Click herefor the details of allCentral Excise Circulars

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December, 2008


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