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TMI BlogThis notification amends notification No. 3/88-Customs dated the 14th January, 1988, 277/90-Customs, dated the 12th December, 1990 and 177/94-Customs, dated the 21st October, 1994X X X X Extracts X X X X X X X X Extracts X X X X ..... y 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 01 further amended, as the case may be, in the manner specified in the corresponding entry in column (3) of the said Table. TABLE S.No. Notification No. and date Amendment (1) (2) (3) 1. 3/88-Customs dated the 14th January, 1988 In the said notification, in the opening paragraph, in clause (a) of condition (ix), the words "prevalent at the time of import", the words "in force on the date of payment of such duty", shall be substituted; in condition (xi), after the t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of 10% ad valorem , or at zero rate of duty in terms of notification in force at the time at de-bonding. Explanation .— The depreciation in respect of capital goods covered by clause (h) above shall be allowed for the period tram the date of commencement of commercial production of the unit or where such goods have been imported after such commencement, from the date such goods have come into use for commercial production, upto the date of payment of duty." 2. 277/90-Customs, dated the 12th December, 1990 In the said notification, in the opening paragraph, in clause (a) of condition (x) for the words "prevalent at the time of impart", the words "in force on the date of payment of such duty", shall be su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t of capital goads at the rate of duty of 20% ad valorem, or at zero rate of duty in terms of notification in force at the time of de-bonding. Explanation : The depreciation in respect of capital goods covered by clause (g) above shall be allowed for the period from the date of commencement of commercial production of the unit or where such goods have been imported after such after such commencement, from the date such goods have come into use for commercial production, upto the date of payment of duty." 3. 177/94-Customs, dated the 21st October, 1994 In the said notification, in the opening paragraph, - in condition (7), after clause (v) and entries relating thereto, the following shall be inserted, name ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... "Provided also that exchange of plain hand-made gold or plain hand made silver or plain hand-made platinum jewellery, from any place in India to the said Zone with the gold or silver or platinum of the same purity and quantity in weight as that of gold or silver or platinum jewellery, as the case may be, permitted subject to such conditions as may be prescribed by the Assistant Commissioner of Customs:". Rajendra Singh Under Secretary to the Government of India Note - The principal notification No. 3/88 - Cus., dated 14-1-88 was issued vide G.S.R 31(E), dated 14-1-88, and was last amended by notification No. 40/00-Cus., dated 28-4-99, issued vide G.S.R. 288 (E), dated 28-4-99. The principal notification No. 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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