Customs Notification No-26/2005 dated 02.03.2005
G.S.R 147 (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.21/2002-Customs, dated the 1st March, 2002, namely :-
In the said notification, in the Annexure, –
(i) in the condition no.21(b), for the words “total value” appearing at the end of the condition, the words “FOB value” shall be substituted;
(ii) in the condition no.21A, for conditions (a) and (b) and the entries relating thereto, the following conditions shall respectively be substituted, namely,-
“(a) the goods are imported by a manufacturer of leather footwear or synthetic footwear or other leather products, for use in the manufacture of said goods, for export by that manufacturer and the said manufacturer is registered with the Council for Leather Exports;
(b) the total value of goods imported shall not exceed 3 percent of the FOB value of leather footwear or synthetic footwear or other leather products, exported during the preceding financial year,” .
(iii) in the condition no.96,-
(A) the condition (a) and the entries relating thereto shall be omitted;
(B) the existing condition (b) and the entries relating thereto shall be re- numbered as condition (a).
(SYED MAHMOOD AKHTER)
Under Secretary to the Government of India.
Note : The Notification No.21/2002-Customs, dated the 1st March, 2002 was published in the Gazette of India, Extraordinary, vide G.S.R. 118 (E), dated the 1st March, 2002 and was last amended by notification No. 11/2005-Cus., dated the 1st March, published vide G.S.R 109 (E) dated, the 1st March, 2005.