[TO
BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3,
SUB-SECTION (i)]
GOVERNMENT
OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification
No. 58/2016-Customs
New Delhi, the 5
th October, 2016
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. 157/1990-Customs, dated
the 28th March, 1990 published in the Gazette of India, Extraordinary, vide
number G.S.R. 405 (E), dated the 28th March, 1990 (hereinafter referred to as
the said notification), namely:-
2. In
the said notification, in the first paragraph, -
(a) in the opening portion, the words “or Schedule
III” shall be omitted;
(b) condition (1) shall be omitted;
(c) condition (5) shall be omitted
3. After
the first paragraph, the following shall be inserted, namely:-
“1A. In the
event of failure to export the goods within the period specified in condition
(4) of paragraph 1, the Federation and the importer shall, jointly and
severally be liable to pay the duties of customs leviable on the goods as on
the date of import, along with applicable interest:
Provided that the
liability of the Federation shall not exceed the amount of the duties of
customs by more than ten per cent:
Provided further that
the Federation shall not be liable to pay the customs duty in cases where the
said goods are sold in exhibitions or fairs or otherwise disposed of in India
in accordance with any law for the time being in force applicable to such goods
and on payment of the duties of customs which are payable as on the date of
import in respect of such goods, along with applicable interest.”
4. In Schedule II, -
(a) in serial number 5, for the words, “an official
of”, the words “an official or” shall be substituted;
(b) after serial number 5, the following serial
numbers shall be inserted:-
“6. Display
or demonstration before any Department of the Central Government or a State
Government or a Union territory Administration.
7. Meeting,
conference or congress, by whatever name called, organised by any company or
organisation.”
5. In
the said notification, Schedule III and the entries relating thereto shall be
omitted.
[ F.
No.18000/1/2015- OSD (ICD)]
(Kshitendra
Verma)
Under Secretary to the Government of India
Note: The principal notification No.157/1990-Customs, dated the 28th March, 1990, was published in the Gazette of India, Extraordinary, vide G.S.R. 405(E), dated the 28th March, 1990 and was last amended by notification No.55/2007-Customs, dated the 12th April, 2007, published vide G.S.R. 287(E), dated the 12th April, 2007.
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