Notification No. 47/2008, Dated 11th April 2008

[TO BE PUBLISHED IN GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (i)]

 
GOVERNMENT OF INDIA

MINISTRTY OF FINANCE

(DEPARTMENT OF REVENUE)

 

NOTIFICATION  No. 47/2008-CUSTOMS

 

New Delhi, the 11th April, 2008

 

 

      G.S.R         (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 being satisfied that it is necessary in the public interest so to do, hereby  makes the following further amendments in the notification  of the Government of India in the Ministry of Finance (Department of Revenue), No. 52/2003-Customs, dated  the 31st March, 2003, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 274 (E), dated the 31st March, 2003, namely:-

 

In the said notification,-

(1)             in the opening paragraph, in condition (4), after clause (v), the following clause shall be inserted, namely:-

“(va) permit the goods partially processed or manufactured or packaged therefrom in the unit to be taken out of India for the purpose of processing on subcontract basis and clear therefrom the goods so processed without bringing back into India:

Provided that the goods partially processed or manufactured or packaged so taken out of India are specified in the Letter of Permission or Letter of Intent issued by the Development Commissioner;”;

 

(2)               in the paragraph 4, in the proviso, for the words “ Provided that”, the words “Provided further that”  shall be substituted and before the proviso as so amended, the following proviso shall be inserted, namely:-

“Provided that  no such clearance or debonding of capital goods under the Export Promotion Capital Goods Scheme of Chapter 5 of the Foreign Trade Policy shall be allowed if the unit has not fulfilled the positive NFE criteria at the time of clearance or debonding in terms of Para 6.18 (d) of Foreign Trade Policy.”;

 

(3)    in paragraph 10, for clause (i), the following clause shall be substituted, namely:-

“(i) the exemption contained herein shall also apply to spares and components, to the extent of 5 percent. of the Free on Board (FOB) value of the manufactured articles exported by the unit during the preceding year for the purpose of supply of such spares and components for after-sale-service of the exported articles to the same consignor or buyer to whom manufactured articles were exported and the said officer is satisfied that the Cost Insurance Freight (CIF) value of such imported spares and components has been included for computation of sum total of all imported goods for arriving at the NFE as

required under the Foreign Trade Policy;” ;

 

(4)        in ANNEXURE-I, for the entry against Sl. No. 17, the following entry shall be substituted, namely:-

“Any other item required within the unit in relation to production for export of goods or services with the prior approval of the Board of Approval.”. 

 

                                                                                  [F.No: DGEP/FTP/69/2007-EOU & G & J] 

(Aseem Kumar)

Under Secretary to the Government of India

 

 

Note: The principal notification No. 52/2003-Customs, dated the 31st March, 2003 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R 274 (E), dated the 31stMarch, 2003 and last amended by notification No. 84/2007-Cus, dated the 6th July, 2007 published vide number G.S.R. 473 (E), dated the 6th July, 2007.

 

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