Tariff value - Amends notification No. 36/2001-Cus (NT) dated the 3rd August, 2001.

Document Text

28th August, 2001. Notification No. 40/2001- Customs (N.T.) In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001- Customs dated the 3rd August, 2001, namely: - In the said notification, - (a) in the Table, after S.No.3 and the entries relating thereto, the following serial number and entries shall be inserted, namely:- (1) (2) (3) (4) " 4. 15.11 Crude Palmolein 357"; (b) after the Table, the following shall be inserted, namely:- "Explanation.- For the purposes of this notification, the rate of exchange applicable for the purposes of conversion of tariff value shall be the rate which is specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue) issued from time to time in exercise of the powers under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962 (52 of 1962) and the relevant date for the determination of the rate of exchange shall be the date of presentation of the bill of entry under section 46 of the said Customs Act.". N. K. Sinha Under Secretary to the Govt. of India F.No. 467/51/2001-CUS.V Note: - The principal notification was published in the Gazette of India Extraordinary; vide Notification No. 36/2001- Customs, dated the 3rd August, 2001 [S.O.No.748-(E), dated the 3rd August, 2001].

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