Some of the Important Announcements made by the CBEC, Government of India during April, 2007
Cement Imports has been made Duty Free vide Notification No.53/2007-Customs dated 3rdApril, 2007.
Circular No.16/2007-Cus dated 18thApril, 2007 clarifies the scope of the facility of Inter Unit Transfer of Capital Goods from one EOU/STP/EHTP to another EOU/STP/EHTP unit.
Circular No.17/2007-Cus dated 19thApril, 2007 clarifies the classification of higher technology featured mobile/cellular handset or telephones.
Circular No.18/2007-Cus dated 24thApril, 2007 give instructions for uniform compilation of the requirement of Cash Deposit or Bank Guarantee equal to 25% of the duty in respect of imported sensitive goods to be warehoused in Public or Private Bonded Warehouses.
Notification No.20/2007-Central Excise dated 25thApril, 2007 issues guidelines/instruction regarding excise exemption for specified goods cleared from units located in N.E. States.
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