TMI BlogCUSTOMSX X X X Extracts X X X X X X X X Extracts X X X X ..... fective control over the goods being imported or exported. (b) include Foreign Post Office and International Courier Terminal in the definition of a Customs Station in clause (13); (c) omit certain words in clause (13) to align with the proposed omission of Section 82; (d) provide that the existing definition of exporter in clause (20) includes the beneficial owner; (e) provide that the existing definition of importer in clause (26) includes the beneficial owner; (f) insert clause (30B) so as to define passenger name record information; (g) define Foreign Post Office and International Courier Terminal. [88] 2. Section 7 is being amended to empower the Board to notify Foreign Post Offices and International Courier Terminals. [89] 3. Section 17 is being amended to rationalize the requirement of documents for verification of self assessment. [90] 4. Sub-section (2) of section 27 is being amended so as to keep outside the ambit of unjust enrichment, the refund of duty paid in excess by the impo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l Gazette, to deliver to the proper officer the passenger and crew arrival manifest before arrival in the case of an aircraft or a vessel and upon arrival in the case of a vehicle; and passenger name record information of arriving passengers in such form, containing such particulars, in such manner and within such time as may be prescribed. The section also intends to provide for imposition of a penalty not exceeding fifty thousand rupees as may be prescribed, in the case of delay in delivering the information. [97] 11. A new section 41A is being introduced so as to make it obligatory on the person-in- charge of a conveyance that departs from India to a place outside India or any other person as may be specified by the Central Government by notification in the Official Gazette, to deliver to the proper officer the passenger and crew departure manifest and passenger name record information of departing passengers before the departure of the conveyance in such form, containing such particulars, in such manner and within such time as may be prescribed. The section also intends to provide for a penalty not exceeding fifty thousand ru ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Section 157 is being amended so as to empower Board to make regulations for specifying the form, particulars, manner and time of providing the passenger and crew manifest for arrival and departure and passenger name record information and penalty in the case of delay in delivering the information. [107] II. AMENDMENT IN THE CUSTOMS TARIFF ACT, 1975 S. No. Amendment Clause of the Finance Bill, 2017 1. Clause (c) of sub-section (3) of section 9 is being substituted so as to withdraw the exemption to three categories of non-actionable subsidies specified therein from the scope of anti-subsidy investigations. [108] III. AMENDMENT IN THE FIRST SCHEDULE TO THE CUSTOMS TARIFF ACT, 1975 S. No. Amendment Clause of the Finance Bill, 2017 A. Amendments not affecting rates of duty 1. To: (i) Delete tariff items 1302 32 10 and 1302 32 20 and entries relating thereto ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... V. OTHER PROPOSALS INVOLVING CHANGES IN BCD, CVD, SAD AND EXPORT DUTY RATES S. No. Commodity BCD/Excise/CV duty/SAD/Export Duty A. Ores and Concentrates From To 1. Other aluminium ores, including laterite Export Duty - Nil Export Duty 15% B. Mineral fuels and Mineral oils 2. Liquefied Natural Gas BCD 5% BCD 2.5% C. Chemicals Petrochemicals 3. o-Xylene BCD 2.5% BCD Nil 4. Medium Quality Terephthalic Acid (MTA) Qualified Terephthalic Acid (QTA) BCD 7.5% BCD 5% 5. 2-Ethyl Anthraquinone [29146990] for use in manufacture of hydrogen peroxide, subject to actual user co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... G. Capital Goods 15. Ball screws, linear motion guides and CNC systems for use in manufacture of all CNC machine tools, subject to actual user condition Ball screws and liner motion guides BCD 7.5% CNC systems BCD 10% BCD 2.5% H. Electronics/Hardware 16. Populated Printed Circuit Boards (PCBs) for the manufacture of mobile phones, subject to actual user condition SAD Nil SAD 2% I. Renewable Energy 17. Solar tempered glass for use in the manufacture of solar cells/panels/modules subject to actual user condition BCD 5% BCD Nil 18. Parts/raw materials for manufacture of solar tempered glass for use in solar photovoltaic cells/modules, solar power generating equipment or systems, flat plate solar collector, solar photovoltaic m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 27. Parts and components for manufacture of miniaturized POS card reader for m-POS (not including mobile phones, or tablet computers), micro ATM as per standards version 1.5.1, Finger Print Reader/Scanner or Iris Scanner, subject to actual user condition Applicable BCD, CVD SAD BCD Nil CVD Nil SAD Nil 28 Silver medallion, silver coins having silver content not below 99.9%, semi- manufactured form of silver and articles of silver CVD - Nil CVD 12.5% 29 Goods imported for petroleum and coal bed methane operations by availing of the benefit of notification No.12/2012- Customs, dated 17.03.2012 [S. No.357A] no longer required for the said purpose are being allowed to be disposed of on payment of applicable customs duties or excise duty, on the depreciated value calculated as per straight line method (subject to depreciated value not being less than 30% of the original value) of such goods. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxatio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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