Rupee hits a new low of 54.82 against Dollar   Shahrukh Khan banned for 5 years from entering in Wankhede Stadium    CBI raids 15 MLAs in Jharkhand for taking bribe in Rajya Sabha elections   Rajya Sabha passes Finance Bill 2012    Petrol & Diesel prices to be hiked    Yeddy applies for bail after CBI raids on his residence   Income Tax Officer SK Saini sentenced to 3 years RI + fine of Rs 35 Lakh by CBI Court in Bhopal     IRS Officer Brahmananda Reddy arrested by CBI     Founder of Matrix Laboratories Nimmagadda Prasad also arrested by CBI   Tariff Value for import of Brass scrap is 4362 & for poppy seeds 3680-for gold 507 per 10 gram & for silver 920 per kg-Customs Non-Tariff Notification No.42      Customs duty exempted on import of 191 Products from Singapore-Customs Tariff Notification No.33    Import of 485 Products from Singapore exempted from Customs duty-Customs Tariff Notification No.34    Import of 496 Products from Singapore exempted from 50 per cent of applied rate of duty-Customs Tariff Notification No.35     Saurabh Chandra gets additional charge of Commerce Secretary    ITAT Member N Vasudevan transferred from Mumbai to Bangalore-J Sudhakar Reddy moves from Mumbai to Delhi-IP Bansal from Delhi to Mumbai-IC Sudhir from Pune to Delhi      CVD on imported electronics lowered due to higher rates of abatement from RSP notified-Abatement from MRP for excise payment on all electronic products prescribed at uniform rate of 35 per cent-Abatement revised for several products-Central Excise Non-Tariff Notification No.26     Suppliers to Mega Power Projects face silly excise demands-Click on the link below for full details    Excise demand of Rs 32 Crore confirmed against Exide for not paying excise on MRP basis on lead acid storage battery     RBI says Exporters required to convert 50 per cent of their foreign exchange holdings into Rupee within 15 days-Exporters will be allowed to buy foreign currency only after utilizing all their foreign currency holdings      Articles of jewellery exempted from excise duty-Specified Railway Goods manufactured by Government exempted from excise -Central Excise Tariff Notification No.23   Excise on specified Petroleum Oils lowered    Eye makeup preparations exempted from excise   The excise exemption hitherto admissible on all Hawai Chappals will now be admissible to only Hawai Chappals of RSP up to Rs 500-Polyester staple fibre or polyester filament yarn, manufactured from plastic scrap or plastic waste including waste polyethylene terephthalate bottles exempted from excise-Excise on Motor chassis for vehicles lowered to 14 per cent excise-Excise on LED Lights of Chapter 85 lowered to 6 per cent-Inks for ball point pens exempted from excise-Central Excise Tariff Notification No.24-Parts of Footwear and hawai chappals of RSP not exceeding Rs. 500 per pair exempted from excise if consumed in factory-Central Excise Tariff Notification No.25-Excise exemption to goods required for initial setting up 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including PE investors lowered to 10 per cent-FM extends  benefit of tax exemption on long term capital gains to  sale of unlisted securities in IPO-lower rate of withholding tax of 5% for funding all businesses-FM withdraws  the provision for levy of TDS on transfer of immovable property-FM raises the threshold limit for TCS on cash purchases of jewellery to Rs.5 lakh-only serious offences under the customs law involving prohibited goods or duty evasion exceeding Rs.50 lakh, shall be cognizable- all these offences shall be bailable-changes in the definition of “service” which will exclude the activities specified in the Constitution as “deemed sale of goods”-The definition of “works contract” also  enlarged to include movable properties- Exemption for specified services relating to agriculture in the Negative List extended to agricultural produce enlarging the scope of the entry    Anti-dumping duty on imports of Partially Oriented Yarn, originating in, or exported from China-Customs Notification No.22        Customs duty on import of 806 Products from Japan lowered       Anti-dumping duty imposed on import of Phosphoric Acid of all grades and all concentrations (excluding Agriculture/FertilizerGrade) , falling under tariff item 28092010, originating in, or exported from,Israel and Taiwan-Customs Tariff Notification No.19     Customs duty on import of composite fertiliser lowered to 1 per cent-Customs Tariff Notification No. 24      
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NOTIFICATION No. 64 (RE-2008) / 2004-2009

NEW DELHI, DATED 24 NOVEMBER, 2008

S.O. (E) - In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy – 2004-09, the Central Government hereby amends Schedule – I (Imports) of the ITC (HS) Classifications of Export and Import Items, 2004-09 as under:

1. Import Policy for the item ‘Seamless Tubes / Pipes’ under 4 digit Exim Code “7304” will be amended to read as “Restricted” (instead of “Free”).

2. Import policy for the following Exim Codes will be amended to read as “Restricted” (instead of “Free”):

“2803 00 10 and 4011 20 10”

3. For  heading 4411,  sub-headings 4411 11, items 4411 11 10,  4411 11 90, sub-heading 4411 19, items 4411  19 10, 4411 19 90, sub-heading 4411 21, items 4411 21 10, 4411 21 90, sub-heading 4411 29, items 4411 29 10, 4411 29 90, sub-heading 4411 31, item 4411 31 10, 4411 31 90, sub-heading 4411 39, items 4411 39 10, 4411 39 90, sub-heading 4411 91, items 4411 91 10 to 4411 91 90, sub-heading 4411 99, items 4411 99 10 to 4411 99 90 and the entries relating thereto,  the following heading,  sub-headings, items and entries shall be  substituted namely:-

“4411 FIBRE BOARD OF WOOD OR
OTHER LIGNEOUS MATERIALS,
WHETHER OR NOT BONDED
WITH RESINS OR OTHER ORGANIC
SUBSTANCES

- Medium density fibre board (MDF) :

4411 12 00

Of a thickness not exceeding 5mm

Restricted

4411 13 00

Of a thickness exceeding 5mm but not exceeding 9mm

Restricted

4411 14 00

Of a thickness exceeding 9mm

Restricted

---

Other:

---

44 11 92

Of a density exceeding 0.8gm/cm3:

 

---

Not mechanically worked or surface covered:

 

44 11 92 11

Hardboard

Free

44 11 92 19

Other

Free

---

Other:

---

44 11 92 21

Hardboard

Free

44 11 92 29

Other

Free

44 11 93

Of a density exceeding 0.5gm/cm3

but not exceeding 0.8gm/cm3:

Not mechanically worked or surface covered:

---

44 11 93 11

Insulation board 

Free

44 11 93 19

Other

Free

--

Other:

--

44 11 93 21

Insulation board

Free

44 11 93 29

Other

Free

44 11 94

Of a density not exceeding 0.5gm/cm3:

 

44 11 94 11

Insulation board

Free

44 11 94 19

Other

Free

 

Other:

 

44 11 94 21

Insulation board

Free

44 11 94 29

Other

Free “

4. For the items 5402 41 00 to 5402 49 00 and the entries relating thereto,  the following  items and entries shall be substituted, namely:-

“5402 44 00 

Elastomeric

Restricted

5402 45 00 

Other, of nylon or other polyamides

Free

5402 46 00

Other, of polyesters, partially oriented

Free

5402 47 00

Other, of polyesters

Restricted

5402 48 00

Other, of polypropylene

Free

5402 49 00

Other

Free ”;

5. This issues in public interest.

sd/-
(R.S. Gujral)
Director General of Foreign Trade
And Ex-officio Additional Secretary to the Govt. of India

[Issued from F.No. 01/89/180/46/AM09/PC-2(A)]

 

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