Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: empanelment :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: VAT RATES :: cpt :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: form 3cd :: VAT Audit :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« Latest Circulars »
 RBI to conduct 7 day, 14 day and 28 day Variable Rate Reverse Repo Auctions under LAF on May 18, 2017
 RBI to conduct 7 day, 14 day and 28 day Variable rate Reverse Repo auctions under LAF on May 17, 2017
 RBI-Direct Recruitment of ‘Chief Financial Officer’ in the rank of Executive Director in Reserve Bank of India
 Auction of Government of India Dated Securities May 15, 2017
 Direct Recruitment of ‘Chief Financial Officer’ in the rank of Executive Director in Reserve Bank of India
 RBI to conduct 7 day Variable Rate Reverse Repo Auction under LAF on May 15, 2017
 GST implementation to have far reaching implications for the Indian Economy RBI releases State Finances: A Study of Budgets of 2016-17
 Submission of Statutory returns (SLR-Form VIII) in XBRL platform
  RBI’s Monthly Bulletin for May 2017
 RBI- National Electronic Funds Transfer (NEFT) system – Settlement at half-hourly intervals
 RBI-Bharat Bill Payment System (BBPS) – Extension of timeline

seeks to amend notification No. 12/2012-Customs, dated the 17th March, 2012
May, 10th 2013
[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. 25/ 2013-Customs

                                                               New Delhi, dated the 8th May, 2013

       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. 12/2012-
Customs, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, vide
number G.S.R. 185(E), dated the 17th March, 2012, namely:-

In the said notification,-




(a)     in the Table,-

(i)     after serial number 139 and the entries relating thereto, the following serial number and
the entries shall be inserted, namely:-


"139 A 2711 11 00,       Liquefied natural gas (LNG) and natural gas         Nil    -     100;
                         when imported by Gail NTPC JV or Petronet
          2711 21 00     LNG Ltd. for supply to a generating company
                         as defined in section 2(28) of the Electricity
                         Act, 2003 (36 of 2003) to supply electrical
                         energy or to engage in the business of supplying
                         electrical energy, for generation of electrical
                         energy:

                         Provided that the exemption shall not be
                         available if such liquefied natural gas (LNG)
                         and natural gas (NG), is used for generation of
                         electrical energy by captive generating plant as
                         defined in section 2(8) of the Electricity Act,
                         2003 (36 of 2003)".
(ii)   against serial number 150, for the entry in column (2), the entries "28 (except 2823 00
10)" shall be substituted;

(iii) against serial number 231, for the entry in column (4), the entry "7.5%" shall be
substituted;

(iv)    against serial number 237, for the entry in column (4), the entry "7.5%" shall be
substituted;

(v)     against serial number 238, for the entry in column (4), the entr y "7.5%" shall be
substituted;

(vi)    against serial number 239, for the entry in column (4), the entry "7.5%" shall be
substituted;

(vii) against serial number 240, for the entry in column (4), the entry "7.5%" shall be
substituted;

(viii) against serial number 332, for the entry in column (4), the entry "2.5%" shall be
substituted;

(ix)    against serial number 333, for the entry in column (4), the entry "2.5%" shall be
substituted;

(x)     against serial number 338, for the entry in column (4), the entry "2.5%" s hall be
substituted.

(b)     in the ANNEXURE,-

(i)   after Condition number 99 and the entries relating thereto, the following condition number
and the entries shall be inserted, namely:-

                         If,-
      " 100              (a) the importer furnishes security by way of bank guarantee of an
                              amount equal to the difference between the duty leviable on such
                              goods but for the exemption contained therein and the duty levied at
                              the time of import, to the Deputy Commissioner or the Assistant
                              Commissioner of Customs, as the case may be;
                         (b) the importer produces a certificate from the jurisdictional Deputy
                              Commissioner or the Assistant Commissioner of Central Excise, as
                              the case may be, of the generating company within a period of six
                              months from the date of import, or such extended period not
                              exceeding a further period of six months as the Commissioner of
                             Customs may allow, to the effect that the said Liquefied natural gas
                             (LNG) and natural gas (NG) so imported and supplied has been
                             utilised for generating and supplying electrical energy by the said
                             generating company;
                         (c) the importer furnishes an undertaking to pay, on demand, in the
                             event of his failure to comply with any of the aforesaid conditions,
                             an amount equal to the difference between the duty leviable on such
                             goods but for the exemption contained therein and the duty levied at
                             the time of import, along with the applicable interest thereon.






                                                                     [F.No.334/3/2013-TRU]



                                                                           (Raj Kumar Digvijay)
                                                     Under Secretary to the Government of India

Note: The principal notification No. 12/2012-Customs, dated the 17th March, 2012, was
published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number
G.S.R. 185(E), dated the 17th March, 2012 and was last amended by notification No 21/2013-
Customs, dated the 18th April, 2013 published in the Gazette of India, Extraordinary, Part II,
Section 3, Sub-section (i) vide number G.S.R.253 (E), dated the 18th April, 2013 .
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Wholesale Silver Jewelry

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions