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Cus Ntf No.113/2002 Date 16/10/2002

Duty Exemption/EPCG etc. Schemes - Interest Rate Cut to 15% from 24%

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 directs that each of the notifications of the Government of India in the erstwhile Ministry of Finance (Department of Revenue), specified in column (2) of the Table below, shall be amended or further amended, as the case may be, in the manner specified in the corresponding entry in column (3) of the said Table.

TABLE

Sl. No.Notification No.and dateAmendment
(1)(2)(3)
1. 79/95-Customs, dated, the 31st March, 1995In the said notification, in condition (iii), in sub-condition (b), for the entry “24%”, the entry “15%”, shall be substituted;
2. 80/95-Customs, dated, the 31st March, 1995In the said notification, in condition (ii), in sub-condition (b), for the entry “24%”, the entry “15%”, shall be substituted;
3. 110/95-Customs, dated, the 5th June, 1995In the said notification, in conditions (4) and (5), for the entry “24%”, occurring at both the places, the entry “15%”, shall respectively be substituted;
4. 111/95-Customs, dated, the 5th June, 1995In the said notification, in Paragraph 2, in conditions (4) and (5), for the entry “24%”, occurring at both the places, the entry “15%”, shall respectively be substituted;
5. 148/95-Customs, dated, the 19th September 1995In the said notification, in condition (ii), for the words “twenty-four per cent”, the words “fifteen per cent”, shall be substituted;
6. 149/95-Customs, dated, the 19th September 1995In the said notification, in condition (ii), for the words “twenty-four per cent”, the words “fifteen per cent”, shall be substituted;
7. 28/97-Customs, dated, the 1st April, 1997In the said notification, in conditions (3) and (4), for the entry “24%”, the entry “15%”, shall respectively be substituted;
8. 29/97-Customs, dated, the 1st April, 1997In the said notification, in Paragraph 2, in conditions (3) and (4), for the entry “24%”, the entry “15%”, shall respectively be substituted;
9. 30/97-Customs, dated, the 1st April, 1997In the said notification, in condition (ii), for the words “twenty-four per cent”, the words “fifteen per cent”, shall be substituted;
10 31/97-Customs, dated, the 1st April, 1997In the said notification, in condition (ii), for the entry “24%”, the entry “15%”, shall be substituted;
11 34/97-Customs, dated, the 7th April, 1997In the said notification, in condition (v), for the entry “24%”, the entry “15%”, shall be substituted;
12 36/97-Customs, dated, the 11th April, 1997In the said notification, in condition (3), for the entry “24%”, the entry “15%”, shall be substituted;
13 77/98-Customs, dated, the 16th October, 1998In the said notification, in condition (iv), for the words, “twenty-four per cent”, the words “fifteen per cent” shall be substituted;
14 48/99-Customs, dated, the 29th April, 1999In the said notification, in condition (ii), for the words, “twenty-four per cent”, the words “fifteen per cent” shall be substituted;
15 49/2000-Customs, dated, the 27th April, 2000In the said notification, in Paragraph 2, in conditions (3) and (4), for the entry “24%”, occurring at both the places, the entry “15%”, shall respectively be substituted;
16 50/2000-Customs dated the 27th April, 2000In the said notification, in condition (3), for the entry “24%”, the entry “15%”, shall be substituted;
17 51/2000-Customs dated the 27th April, 2000In the said notification, in condition (ii), for the words, “twenty-four per cent”, the words “fifteen per cent” shall be substituted;
18 43/2002-Customs dated the 19th April, 2002In the said notification, in condition (iii), for the words, “twenty four per cent”, the words “fifteen per cent” shall be substituted;
19 44/2002-Customs dated the 19th April, 2002In the said notification, in Paragraph 2, in condition (3), for the entry “24%”, the entry “15%”, shall be substituted;
20 47/2002-Customs dated the 22nd April, 2002In the said notification, in condition (3), for the entry “24%”, the entry “15%”, shall be substituted;

(Please refer Cus Ntf No.125/2002 Date 12/11/2002)

Sd/-
(Alok Jha)
Under Secretary to the Govt. of India


Issued by:

Ministry of Finance and Company Affairs
(Department of Revenue)
New Delhi.

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