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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Latest Circulars »
 CPE Events 18th May - 23th June 2018
 Basel III Framework on Liquidity Standards - Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards
  Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks – Spreading of MTM losses and creation of Investment Fluctuation Reserve (IFR)
 Change in name of “The Mahanagar Co-operative Bank Limited, Mumbai” to “GS Mahanagar Co-operative Bank Limited, Mumbai” in the Second Schedule to the Reserve Bank of India Act, 1934
 Section 23 of the Banking Regulation Act, 1949 – Branch Authorisation Policy – Left Wing Extremism affected districts – Revised List
 Sources of Variation in Foreign Exchange Reserves in India during 2017-18
 Developments in India’s Balance of Payments during the Fourth Quarter (January-March) of 2017-18
 RBI releases draft guidelines on Loan System for Delivery of Bank Credit
 Continuation of Interest Subvention Scheme for short-term crop loans on interim basis during the year 2018-19
 Investment in the units of an infrastructure investment trust (InvIT) by sponsor CIC-NDSI
  RBI-Foreign Investment in India - Reporting in Single Master Form

Seeks to amend notification No. 39/96-Customs, dated the 23rd July, 1996 so as to omit the words Portable X-ray machine/system and to provide exemption for goods imported by NTRO.
August, 01st 2014
[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. 20/2014-Customs

                                                                 New Delhi, the 11th July, 2014

       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. 39/96-
Customs, dated the 23rd July, 1996, published in the Gazette of India, Extraordinary vide number
G.S.R. 291(E), dated the 23rd July, 1996, namely:-






       In the said notification, in the Table,-

(i) against serial number 20, in column (2), the expression "Portable X-ray machine / system"
shall be omitted;
(ii) after serial number 43, the following serial numbers and entries shall be inserted, namely:-

  (1)                      (2)                                           (3)
 "44. All goods                                   If,-
                                                  (a) the said goods are imported by the
                                                  National Technical Research Organisation,
                                                  (hereinafter referred to as NTRO);
                                                  (b) before clearance of the said goods, an
                                                  officer of NTRO, not below the rank of Joint
                                                  Secretary to the Government of India,
                                                  certifies that the said goods are required for
                                                  strategic systems by NTRO.
                                                   Explanation. ­ Nothing contained in this
                                                  exemption shall have effect on or after the 1st
                                                  day of January, 2019.
 45.   All goods                                  If,-
                                                  (a) the said goods are imported by the Indian
                                                  Offset Partner (hereinafter referred to as IOP)
                                                  of the contractor to the National Technical
                                                  Research Organisation, (hereinafter referred
                                                  to as NTRO);
                                                  (b) before clearance of the said goods, the
                                                  importer furnishes a duty exemption
                                                 certificate from an officer of the NTRO, not
                                                 below the rank of Joint Secretary to the
                                                 Government of India -
                                                        (i) indicating the details of the purchase
                                                        order placed by the NTRO on the
                                                        contractor;
                                                        (ii) indicating the details of the purchase
                                                        order placed by the said contractor on
                                                        the IOP along with the description of
                                                        the final products and the description
                                                        and quantity of goods required to be
                                                        imported for manufacture of the said
                                                        final products; and
                                                        (iii) certifying that the said goods are
                                                        intended for use in the radars acquired
                                                        by the NTRO from the said contractor.
                                                  Explanation. ­ Nothing contained in this
                                                 exemption shall have effect on or after the 1st
                                                 day of January, 2019.".

                                                                      [F.No.334/15/2014 ­TRU]



                                                                             (Pramod Kumar)
                                                   Under Secretary to the Government of India






Note: - The principal notification No.39/1996-Customs, dated the 23rd July, 1996 was published
in the Gazette of India, Extraordinary, vide number G.S.R. 291(E), dated the 23rd July, 1996 and
last amended by notification No. 42/2013-Customs, dated the 30th August, 2013 vide number
G.S.R. 586(E), dated the 30th August, 2013.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

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