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



Similar documents
Things to Remember. r Complete all of the sections on the Retirement Benefit Options form that apply to your request.

Chapter 3 Savings, Present Value and Ricardian Equivalence

Instructions to help you complete your enrollment form for HPHC's Medicare Supplemental Plan

INITIAL MARGIN CALCULATION ON DERIVATIVE MARKETS OPTION VALUATION FORMULAS

VAT201. efiling user guide for Value-Added Tax

Valuation of Floating Rate Bonds 1

Faithful Comptroller s Handbook

9:6.4 Sample Questions/Requests for Managing Underwriter Candidates

APPLICATION AND AGREEMENT FORM FOR TELECOMMUNICATION SERVICES BUSINESS APPLICATION

The impact of migration on the provision. of UK public services (SRG ) Final Report. December 2011

Firstmark Credit Union Commercial Loan Department

CONCEPT OF TIME AND VALUE OFMONEY. Simple and Compound interest

Application for Admission GENEVA COLLEGE

How Much Should a Firm Borrow. Effect of tax shields. Capital Structure Theory. Capital Structure & Corporate Taxes

MAGNT Research Report (ISSN ) Vol.3 (2). PP:

The Binomial Distribution

Basic Financial Mathematics

Converting knowledge Into Practice

AMB111F Financial Maths Notes

Continuous Compounding and Annualization

Open Economies. Chapter 32. A Macroeconomic Theory of the Open Economy. Basic Assumptions of a Macroeconomic Model of an Open Economy

Fixed Income Attribution: Introduction

FI3300 Corporate Finance

Definitions and terminology

YIELD TO MATURITY ACCRUED INTEREST QUOTED PRICE INVOICE PRICE

Mechanics 1: Motion in a Central Force Field

Armored Car Insurance Application

Controlling the Money Supply: Bond Purchases in the Open Market

An Introduction to Omega

The LCOE is defined as the energy price ($ per unit of energy output) for which the Net Present Value of the investment is zero.

CRRC-1 Method #1: Standard Practice for Measuring Solar Reflectance of a Flat, Opaque, and Heterogeneous Surface Using a Portable Solar Reflectometer

How To Get A Tax Credit From Illinois

Transmittal 198 Date: DECEMBER 9, SUBJECT: Termination of the Existing Eligibility-File Based Crossover Process at All Medicare Contractors

Ilona V. Tregub, ScD., Professor

(a) The centripetal acceleration of a point on the equator of the Earth is given by v2. The velocity of the earth can be found by taking the ratio of

Alarm transmission through Radio and GSM networks

9.4 Annuities. Objectives. 1. Calculate the future value of an ordinary annuity. 2. Perform calculations regarding sinking funds.

9.5 Amortization. Objectives

Questions & Answers Chapter 10 Software Reliability Prediction, Allocation and Demonstration Testing

Database Management Systems

A framework for the selection of enterprise resource planning (ERP) system based on fuzzy decision making methods

Problem Set # 9 Solutions

APPLICATION FOR SUBSIDY - GRADE R CLASS. COVER SHEET Have you completed and included the following documentation with your application?

How to create RAID 1 mirroring with a hard disk that already has data or an operating system on it

Ashfield Girls High School. Critical Incident Policy

est using the formula I = Prt, where I is the interest earned, P is the principal, r is the interest rate, and t is the time in years.

FILE: TAB #4, FALSE, UNFAIR, DECEPTIVE, ARTICLE #190

Anti-Lock Braking System Training Program

Towards Realizing a Low Cost and Highly Available Datacenter Power Infrastructure

CANCER, HEART ATTACK OR STROKE CLAIM FORM

Exam #1 Review Answers

DOCTORATE DEGREE PROGRAMS

Your Guide to Homeowners Insurance

Solutions to Problems: Chapter 7

2 r2 θ = r2 t. (3.59) The equal area law is the statement that the term in parentheses,

Ignorance is not bliss when it comes to knowing credit score

How To Power A Clou Mpa Series Mixer

EPCES CIRCULAR NO. 16/ DATED

Financing Terms in the EOQ Model

SUGGESTED SOLUTIONS Strategic Financial Management. CA Professional (Strategic Level II) Examination June 2014

THE DISTRIBUTED LOCATION RESOLUTION PROBLEM AND ITS EFFICIENT SOLUTION

STUDENT RESPONSE TO ANNUITY FORMULA DERIVATION

NOVEMBER 8-10, 2013 PREVIEW NIGHT: NOVEMBER 7 MARKET HALL

HEALTHCARE INTEGRATION BASED ON CLOUD COMPUTING

How To Change V1 Programming

Church of God of Prophecy Child, Youth, and Worker Protection Policy

Discussion on Fuzzy Logic Operation of Impedance Control for Upper Limb Rehabilitation Robot 1,a Zhai Yan

VISCOSITY OF BIO-DIESEL FUELS

COMPLYING WITH THE DRUG-FREE SCHOOLS AND CAMPUSES REGULATIONS

Gauss Law. Physics 231 Lecture 2-1

KNIGHTS OF COLUMBUS LEADERSHIP RESOURCES. Practical Information for Grand Knights, District Deputies and Financial Secretaries

P/ACE MDQ Basic Training Workbook

How To Find The Optimal Stategy For Buying Life Insuance

Analytical Proof of Newton's Force Laws

Trading Volume and Serial Correlation in Stock Returns in Pakistan. Abstract

Investment Horizons: Afghanistan

Money Math for Teens. Introduction to Earning Interest: 11th and 12th Grades Version

Definitions. Optimization of online direct marketing efforts. Test 1: Two campaigns. Raw Results. Xavier Drèze André Bonfrer. Lucid.

Health Office STUDENT HEALTH RECORD

CHAPTER 10 Aggregate Demand I

12. Rolling, Torque, and Angular Momentum

m OK

Deflection of Electrons by Electric and Magnetic Fields

Towards Automatic Update of Access Control Policy

Transcription:

[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. 32/2016 - Customs (N. T.) New Delhi, 1 st Mach, 2016 G.S.R. (E).- In execise powes confee by section 156 Customs Act, 1962 (52 1962) an in supesession Customs (Impot Goos at Concessional Rate Duty fo Manufactue Excisable Goos) Rules, 1996, except as espects things one o omitte to be one befoe such supesession, Cental Govenment heeby makes following ules, namely:- 1. Shot title an commencement. - (1) These ules may be calle Customs (Impot Goos at Concessional Rate Duty fo Manufactue Excisable Goos) Rules, 2016. (2) They shall come into foce on fist ay Apil, 2016. 2. Application. - (1) These ules shall apply to an impote, being a manufactue, who intens to avail benefit an exemption notification issue une sub-section (1) section 25 Customs Act, 1962 (52 1962) an whee benefit such exemption is epenent upon use impote goos covee by that notification fo manufactue any excisable commoity., (2) These ules shall apply only in espect such exemption notification which povies fo obsevance se ules. (3) These ules shall also apply even if excisable goos in o in elation to manufactue which impote goos ae use, ae not chageable to excise uty o ae exempte fom whole excise uty. 3. Definition. - In se ules, unless context owise equies,- (a) Act means Customs Act, 1962 (52 1962); (b) exemption notification means a notification issue une sub-section (1) section 25 Act;

(c) infomation means infomation povie by manufactue who intens to avail benefit an exemption notification. 4. Infomation about intent to avail benefit exemption notification.- A manufactue who intens to avail benefit an exemption notification shall povie infomation to Deputy Commissione Cental Excise o, as case may be, Assistant Commissione Cental Excise having juisiction ove his factoy, paticulas, namely-, (1) name an aess manufactue, (2) excisable goos pouce in his factoy, (3) natue an esciption impote goos use in manufactue such goos. Povie that if manufactue who intens to avail benefit exemption notification is not egistee, such manufactue shall obtain egistation une ule 9 Cental Excise Rules, 2002 an povie sai paticulas to Deputy Commissione Cental Excise o, as case may be, Assistant Commissione Cental Excise. 5. Poceue to be followe. - (1) The manufactue who intens to avail benefit an exemption notification shall povie infomation (a) in uplicate, to Deputy Commissione Cental Excise o, as case may be, Assistant Commissione Cental Excise having juisiction ove his factoy in espect estimate quantity an value goos to be impote, paticulas exemption notification applicable on such impot an pot impot in espect a paticula consignment o fo a peio not exceeing one yea; an (b) one set, to Deputy Commissione Customs o, as case may be, Assistant Commissione Customs at pot impotation. (2) The manufactue who intens to avail benefit an exemption notification shall submit a continuity bon with such suety o secuity as eeme appopiate by Deputy Commissione Cental Excise o Assistant Commissione Cental Excise unetaking to pay amount equal to iffeence between uty leviable on such inputs but fo exemption an that aleay pai, if any, at time impotation, along with inteest, at ate fixe by notification issue une section 28AA Act, fo peio stating fom ate impotation goos on which exemption was availe an ening with ate actual payment entie amount iffeence uty that he is liable to pay. (3) The Deputy Commissione Cental Excise o, as case may be, Assistant Commissione Cental Excise shall fowa one copy infomation eceive fom manufactue to Deputy Commissione Customs o as case may be, Assistant Commissione Customs at pot impotation.

(4) On eceipt copy infomation une clause (b) sub-ule (1), Deputy Commissione Customs o, as case may be, Assistant Commissione Customs at pot impotation shall allow benefit exemption notification to manufactue who intens to avail benefit exemption notification an sai manufactue, while filing bill enty une section 46 Act, shall, inte-alia, povie etails his egistation numbe factoy whee inputs ae meant to be use. 6. Manufactue who intens to avail benefit an exemption notification to give infomation egaing eceipt impote goos an maintain ecos. (1) The manufactue who intens to avail benefit an exemption notification shall povie infomation eceipt impote goos in his factoy within two ays (excluing holiays, if any) such eceipt to Supeintenent Cental Excise having juisiction ove his factoy. (2) The manufactue who has availe benefit an exemption notification shall maintain an account in such manne so as to clealy inicate quantity an value goos impote, quantity impote goos consume in accoance with povisions exemption notification, quantity goos e-expote, if any, une ule 7 an quantity emaining in stock, bill enty wise an shall pouce sai account as an when equie by Deputy Commissione Cental Excise o, as case may be, Assistant Commissione Cental Excise. (3) The manufactue who has availe benefit an exemption notification shall submit a quately etun, in Fom appene to se ules, to Deputy Commissione Cental Excise o, as case may be, Assistant Commissione Cental Excise by tenth ay following quate. 7. Re-expot o cleaance unutilise o efective goos. (1) The manufactue who has availe benefit an exemption notification, obtaining benefit une se ules may e-expot unutilise o efective impote goos, with pemission juisictional Deputy Commissione Cental Excise o, as case may be, Assistant Commissione Cental Excise within thee months fom ate impot: Povie that value such goos fo e-expot shall not be less than value sai goos at time impot. (2) The manufactue who has availe benefit an exemption notification, obtaining benefit une se ules may also clea unutilise o efective impote goos, with pemission juisictional Deputy Commissione Cental Excise o, as case may be, Assistant Commissione Cental Excise within a peio thee months fom ate impot on payment impot uty equal to iffeence between uty

leviable on such goos but fo exemption availe an that aleay pai, if any, at time impotation, along with inteest, at ate fixe by notification issue une section 28AA Act, fo peio stating fom ate impotation goos on which exemption was availe an ening with ate actual payment entie amount iffeence uty that he is liable to pay. 8. Recovey uty in cetain case. - The manufactue who has availe benefit an exemption notification shall use goos impote in accoance with conitions mentione in concene exemption notification o take action une ule 7 an in event any failue, Deputy Commissione Cental Excise o, as case may be, Assistant Commissione Cental Excise shall take action by invoking Bon to initiate ecovey poceeings amount equal to iffeence between uty leviable on such goos but fo exemption an that aleay pai, if any, at time impotation, along with inteest, at ate fixe by notification issue une section 28AA Act, fo peio stating fom ate impotation goos on which exemption was availe an ening with ate actual payment entie amount iffeence uty that he is liable to pay. [F. No.334/8/2016 -TRU] (Mohit Tewai) Une Secetay to Govenment Inia

Fom [See ule 6(3)] QUARTERLY RETURN Retun fo quate ening Sl. No. Bill Enty No. an ate Desc iption goos impo te at conce ssion al ate Openi ng balanc e on 1st ay quate Value goos eceive uing quate Details goos impote uing quate Quanti ty goos eceive uing quate Total colum n (4) an (6) Quanti ty consu me fo intene pupos e, uing quate Quanti Quant ty eexpot cleae ity e in to uin omes g tic quat mak e et uin g quat e Closin g balanc e on last ay quate Specifie pupose fo pocuin g goos at concessio nal ate uty. Goos manufactue uing quate Descip Quanti tion ty Whe goos use fo specifie pupose o not an in case expot, specify quantity expote with etails ARE-1/ ARE-2. (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (Note: Sepaate enties shoul be mae fo each vaiety o class impote goos use an goos manufactue.)