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December, 2007

 

Some of the Important Announcements made by the CBEC, Government of India during December, 2007

Department of Revenue

  1. Notification No.117/2007-Customs (NT) dated 5thDecember, 2007 announce Drawback Rate for export product Zinc Oxide (100% Purity) by inserting new entry in Chapter 28 (2817001003) in Drawback Schedule.

  2. Notification No.118/2007-Customs (NT) dated 5thDecember, 2007 announce Drawback Rate for export products Lamps made of brass, copper, iron, aluminium and others by inserting new entries in Chapter 94 (940503 – 940505 & 940599) in Drawback Schedule.

  3. Notification No.120/2007–Customs (NT) dated 13th December 2007 notifies the upward revision in Value Cap for some products under Chapter 51, 55, 57, 74, 83, 85 and 94 in Drawback Schedule.

  4. Notification No.121/2007–Customs (NT) dated 13thDecember, 2007 notifies the upward revision in Duty Drawback Rates for Cotton; Carpets and other Textile Floor Coverings; Articles of Apparel and Clothing Accessories, Knitted or Crocheted; Article of Apparel and Clothing Accessories, not Knitted or Crocheted; and Other made up textiles Articles; sets; and Worn clothing and worn textile Articles, Rags under Chapter 52, 57, 61, 62 and 63 respectively.

  5. Circular No.43/2007-Cus dated 5thDecember, 2007 issue clarification relating to appropriate authority for sanction and disbursement of drawback claims on supplies made by Domestic Tariff Area (DTA) units to units located in Special Economic Zone (SEZ).

  6. Circular No.44/2007-Cus dated 18thDecember, 2007 clarifies the eligibility of shank buttons, snap fasteners (snap buttons), zippers, etc. for exemption benefit under Notification No.21/2002-Cus. Sl. No.140, 167, 167A and 167B.

  7. Circular No.45/2007-Cus dated 19thDecember, 2007 issue clarification relating to misuse of Target Plus Scheme (TPS) – Scope and Coverage of Goods to be imported under TPS.

  8. Circular No.46/2007-Cus dated 20thDecember, 2007 clarifies the correlation of Technical Characteristics, Quality and Specification of the Inputs with the Export Product under the DFIA Scheme.

Click herefor the details of allCustoms Notifications

Click herefor the details of allCustoms Circulars

Click herefor the details of allCentral Excise Notifications

Click herefor the details of allCentral Excise Circulars

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