6th September,2004
Notification No. 87/2004-Customs
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 directs that each of the notifications of the
Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table hereto annexed
shall be amended or further amended, as the case may be, in the manner specified in the corresponding entry in column (3) of
the said Table. Table
Sr.
No.
Notification
No. and
date
Amendment
(1)(2) (3)
1.
41/99-
Customs,
dated the 28
th
April,
1999
In the said notification,-
(i) for the opening paragraph, the following paragraphs shall be substituted, namely:-
" 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 exempts the
goods -
(a) as specified in Annexure -I to this notification,-
(i) upto one per cent. of the Free On Board (FOB) value of preceding financial year of the export of
plain or studded Jewellery made of gold or platinum, when imported by the exporter of such gold jewellery or
platinum jewellery;
(ii) upto two per cent. of the Free On Board ( FOB) value of preceding financial year of the export of
Jewellery made of silver imported by the exporter of such silver jewellery;
(b) as specified in Annexure -II to this notification upto one per cent. of the Free On Board (FOB) value of
preceding financial year of the export of cut and polished diamonds when imported by the manufacturer and
exporter of such cut and polished diamonds,
when imported into India against the Replenishment Licences referred to in para 4.80 of Handbook of
Procedures, Volume I, 1
st
September, 2004 -31
st
March, 2009 published by the Government of India in the
Ministry of Commerce and Industry vide Public Notice No. 1/2004-09, dated the 31
st
August, 2004 as
amended from time to time, from-
(i) the whole of the duty of customs leviable thereon which is specified in the First Schedule to the
Customs Tariff Act, 1975 ( 51 of 1975);
(ii) the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act:
Provided that goods imported under this notification are used for the manufacture of gold, silver or platinum
jewellery or the cut and polished diamonds, as the case may be, for exports by the holders of the said
Replenishment Licences.".
2.
42/99-
Customs,
dated the 28
th
April,
1999.
In the said notification,-
(a) in the opening paragraph, for the letters and word "EXIM Policy", the words " Foreign Trade Policy" shall
be substituted;
(b)for condition (i), the following condition shall be substituted, namely:-
" (i) the importer, in case of cut and polished diamonds, shall have any status of Star Export House as
categorized in para 3.5.2 of the Foreign Trade Policy and in respect of the goods imported, the importer is
the actual user within the meaning of para 9.5 of the Foreign Trade Policy ; ";
(c)in Explanation ,-
(i) for clause (i) the following clause shall be substituted, namely:-
' (i) "Foreign Trade Policy" means the Foreign Trade Policy, 1
st
September, 2004- 31
st
March, 2009
published by the Government of India in the Ministry of Commerce and Industry vide notification No.1/2004-
09, dated the 31
st
August, 2004, as amended from time to time.' ;
(ii) (ii) for clause (ii), the following clause shall be substituted, namely :-
' (ii) " Handbook of Procedures Volume -I" means the Handbook of Procedures Volume I published by the
Government of India, in the Ministry of Commerce and Industry vide Public Notice No. 1/2004-09, dated the 31
st
August, 2004;'
3
56/2000-
Customs,
dated the 5
th
May,
2000
In the said notification,-
(a) for the words " Export and Import Policy" wherever they occur, the words "Foreign Trade Policy" shall be
substituted;
(b) in Explanation , -
(i)for clause (a), the following clause shall be substituted, namely:-
' (a) "Foreign Trade Policy" means the Foreign Trade Policy, 1
st
September, 2004- 31
st
March, 2009"
published by the Government of India in the Ministry of Commerce and Industry vide notification No. 1/2004-
09, dated the 31
st
August, 2004, as amended from time to time;';
(ii) in clause (b), for the words, letters and figures " Public Notice No. 1/2002-07, dated 31
st
March, 2002",
the words, letters and figures "Public Notice No. 1/2004-09, dated the 31
st
August, 2004" shall be
substituted.
(iii) for clause (d), the following clause shall be substituted, namely:-
' (d) "status holder" means the exporter recognized as one star export house, two star export house, three star
export house, four star export house and five star export house by the Director General of Foreign Trade.'.
Sr.
No.
Notification
No. and
date
Amendment
(1)(2) (3)
4.
57/2000-
Customs,
dated the 8
th
May,
2000.
In the said notification,-
(a) for the words " Export and Import Policy" wherever they occur, the words "Foreign Trade Policy" shall be
substituted;
(b) in the clause (a), for the words and figures "Paragraph 4.49 of the Export and Import Policy", the words
and figures "paragraph 4.4.9 of the Foreign Trade Policy" shall be substituted;
(c) in Explanation ,-
(i) for clause (a), the following clause shall be substituted, namely:-
'(a) "Foreign Trade Policy" means the Foreign Trade Policy, 1
st
September, 2004-31
st
March, 2009
published by the Government of India in the Ministry of Commerce and Industry vide notification No. 1/2004-
09, dated the 31
st
August, 2004, as amended from time to time;';
(ii) in clause (b), for the words, letters and figures " Public Notice No. 1/2002-07, dated 31
st
March, 2002",
the words, letters and figures "Public Notice No. 1/2004-09, dated the 31
st
August, 2004" shall be
substituted.
5.
55/2001-
Customs,
dated the 16
th
May,
2001
In the said notification, -
(a) for the words " Export and Import Policy" or "Export & Import Policy", as the case may be, wherever they
occur, the words " Foreign Trade Policy" shall be substituted;
(b) for Explanation, the following Explanation shall be substituted, namely;-
' Explanation.- For the purpose of this notification, "Foreign Trade Policy" means the Foreign Trade Policy, 1
st
September, 2004- 31
st
March, 2009" published by the Government of India in the Ministry of Commerce
and Industry vide notification No. 1/2004-09, dated the 31
st
August, 2004, as amended from time to time.'.
6.
60/2002-
Customs,
dated the 7
th
June,
2002
In the said notification,-
(a) for the words " Export and Import Policy", wherever they occur, the words " Foreign Trade Policy" shall be
substituted;
(b) for the Explanation , the following Explanation shall be substituted, namely:-
' Explanation.- For the purpose of this notification, "Foreign Trade Policy" means the Foreign Trade Policy, 1
st
September, 2004- 31
st
March, 2009 published by the Government of India in the Ministry of Commerce
and Industry vide notification No. 1/2004-09, dated the 31
st
August, 2004, as amended from time to time.'.
In the said notification,-
(a) for the words "Export and Import Policy", wherever they occur, the words " Foreign Trade Policy" shall be
substituted;
(b) in paragraph 3, for the first proviso, the following proviso shall be substituted, namely:-
"Provided that where such finished goods (including rejects, waste, scrap, remnants and by-products) are
either non excisable or such finished goods (including rejects, waste, scrap, remnant and by-products), if
imported, are leviable to nil rate of duty of customs specified under First Schedule to the Customs Tariff Act,
1975 (51 of 1975) and nil additional duty leviable under section 3 of the said Customs Tariff Act, read with
exemption notification in this regard, if any, no exemption in respect of inputs utilized for the purpose of
manufacture of such finished goods (including rejects, waste, scrap, remnant and by-products) shall be
available under this notification.";
(c). in the paragraph 4, in proviso, for clause (a) and Explanation , the following shall be substituted, namely:-
" (a) such clearance or debonding of capital goods may be allowed on payment of duty on the depreciated
value thereof and the rate in force on the date of debonding or clearance, as the case may be. The
depreciation shall be allowed in straight line method as specified below, namely:-
(i) for computer and computer peripherals:
for every quarter in the first year @ 10%
for every quarter in the second year @ 8%
Sr.
No.
Notification
No. and
date
Amendment
(1)(2) (3)
7.
52/2003-
Customs,
dated the 31
st
March,
2003
for every quarter in the third year @ 5%
for every quarter in the fourth and fifth year @ 1%
(ii) for capital goods other than computer and computer peripherals:
for every quarter in the first year @ 4%
for every quarter in the second year @ 3%
for every quarter in the third year @3%
for every quarter in the fourth and fifth year @ 2.5 %
and thereafter for every quarter @ 2%
Explanation. - (1) For the purpose of computing rate of depreciation for any part of a quarter, a full such
quarter shall be taken into account;
(2) there shall be no upper limit for such depreciation and depreciation upto 100% could be allowed;
(3) the depreciation shall be allowed from the date of commencement of commercial production of the unit or
where such goods have been received after such commencement, from the date on which such goods have
come into use for commercial production to the date of debonding or clearance, as the case may be." ;
(d) in the paragraph 9, for the words "subject to the condition that the donor unit undertakes to observe the
procedure prescribed by the Deputy Commissioner of Customs or Assistant Commissioner of Customs
having jurisdiction over the donor unit", the words "subject to the condition that the donee undertakes to
observe the procedure prescribed by the Deputy Commissioner of Customs or Assistant Commissioner of
Customs having jurisdiction over the donor unit", shall be substituted;
(e) in the paragraph 10,-
(a) for the portion beginning with the words and figures "to the extent of 1.5% of the ex-factory value" and
ending with the words "Board of Approval" the following shall be inserted, namely:-
" up to 1.5 (one point five) percent. of Free on Board (FOB) value of manufactured goods exported out of
India by the unit, which manufactured such goods during the preceding financial year";
(b) the following proviso shall be inserted at the end, namely:-
" Provided that the value of such spares and consumables shall not be taken into consideration for fulfillment
of Net Foreign exchange Earnings (NFE), for availing Domestic Sale Entitlement as specified in paragraph
6.8 of the Foreign Trade Policy." ;
( f) after paragraph 11, the following paragraph shall be inserted, namely:-
" 11A. Notwithstanding anything contained in this notification, if the said officer is satisfied that the unit,
engaged in manufacture of textiles and textile articles, has left over textile fabric or textile material, he shall
allow such unit to clear such unutilized left over textile fabric or textile material into Domestic Tariff Area on
payment of duty on transaction value, as if the goods have been manufactured in the unit:
Provided that such clearance shall be allowed only where the said officer certifies that the textile fabric or
textile material proposed to be cleared are left over, and such clearance do not exceed two per cent. of CIF
value of the imported consignment or two per cent. of the quantity of the imported consignment to which this
left over textile fabric or textile material relates, whichever is lower.";
(g) in Explanation occurring after paragraph 13,-
(a) for clause (iii), the following clause shall be substituted, namely:-
'(iii) "Foreign Trade Policy" means the Foreign Trade Policy, 1
st
September, 2004-31
st
March, 2009"
published by the Government of India in the Ministry of Commerce and Industry vide notification No. 1/2004-
09, dated the 31
st
August, 2004, as amended from time to time.';
(b) for clause (vi), the following clause shall be substituted, namely :-
"(vi) 'Handbook of Procedures, Volume I' means Handbook of Procedures,Volume I, 1
st
September,2004 -31
st
March, 2009 published by the Government of India in the Ministry of Commerce and Industry vide Public
Notice No. 1/2004-09, dated the 31
st
August, 2004 as amended from time to time.";
Sr.
No.
Notification
No. and
date
Amendment
(1)(2) (3)
(h). In ANNEXURE-I, against Sr. No. 3, under the heading "Description of Goods", for the words " storage
systems, special racks for storage, modular furniture, computer furniture,", the words "storage systems and
parts thereof, special racks for storage and parts thereof, modular furniture and parts thereof, computer
furniture and parts thereof," shall be substituted.
8.
113/2003-
Customs,
dated the 22
nd
July,
2003
In the said notification, -
(a) for the word " Export and Import Policy" wherever they occur, the words " Foreign Trade Policy" shall be
substituted;
(b) in Explanation , for clause (i), the following clause shall be substituted, namely:-
' (i) "Foreign Trade Policy" means the Foreign Trade Policy, 1
st
September, 2004-31
st
March, 2009"
published by the Government of India in the Ministry of Commerce and Industry vide notification No. 1/2004-
09, dated the 31
st
August, 2004, as amended from time to time.'.
Sr.
No.
Notification
No. and
date
Amendment
(1)(2) (3)
F. No.305/70/2004 -FTT( Pt.II
V.KEZO
Under Secretary to the Government of India
Note:
1. Notification No. 41/99-Customs, dated the 28
th
April, 1999 was published vide G.S.R 289 (E), dated the 28
th
April, 1999 and was last amended by notification No. 64/2002-Cus, dated 24
th
June, 2002 [ G.S.R. 445(E), dated the 24
th
June, 2002].
2. Notification No. 42/99-Customs dated the 28
th
April, 1999 was published vide G.S.R. 290(E), dated the 28
th
April, 1999 and was last amended by notification No. 64/2002-Cus dated the 24
th
June, 2002 [ G.S.R. 445(E), dated the 24
th
June, 2002].
3. Notification No.56/2000-Customs, dated the 5
th
May 2000, was published vide G.S.R. 399(E), dated the 5
th
May
2000 and was last amended by notification No. No. 64/2002-Cus, dated the 24
th
June, 2002 [G.S.R. 445(E), dated the 24
th
June, 2002].
4. Notification No. 57/2000-Customs, dated the 8
th
May, 2000, was published vide G.S.R. 413 (E), dated the 8
th
May, 2000 and was last amended by notification No. 64/2002-Cus, dated the 24
th
June, 2002 [ G.S.R. 445(E), dated the 24
th
June, 2002]
5. Notification No. 55/2001-Cus, dated the 16
th
May, 2001 was published vide G.S.R. 360(E), dated the 16
th
May,
2001 and was last amended by notification No. 64/2002-Cus, dated the 24
th
June, 2002 [ G.S.R. 445(E), dated the 24
th
June, 2002]
6. Notification No. 60/2002-Customs, dated the 7
th
June, 2002 was published vide G.S.R. 416 (E), dated the 7
th
June, 2002.
7. Notification No. 52/2003-Customs, dated the 31
st
March, 2003 was published vide G.S.R 274(E), dated the 31
st
March, 2003 and was last amended by notification No.40/2004-Cus, dated the 26
th
February, 2004 [ G.S.R.145(E), dated the
26
th
February, 2004].
8. Notification No. 113/2003-Customs, dated the 22
nd
July, 2003 was published vide G.S.R 572 (E) dated the 22
nd
July, 2003 and was last amended by notification No. 58/2004-Cus dated the 30
th
April, 2004 [ G.S.R.298(E), dated the 30
th
April, 2004].
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