CUS NTF NO. 105/2003 DATE 10/07/2003

Import for jobbing for Export - 15% Interest payable if conditions Not complied with

G.S.R. (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 amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue). No. 32/97-Customs, dated the 1st April, 1997 namely:-

In the said notification, in condition (v) in the proviso, after the words "complied with" occurring at the end the words, "together with interest at the rate of fifteen percent per annum from the date of clearance of goods" shall be inserted.

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

[F. NO. 609/32/2003-DBK]

Note : The principal notification No. 32/97-Customs dated the 1st April, 1997 was published in the Gazette of India, (Extraordinary) vide GSR No. 188(E), dated the 1st April, 1997 and lastly amended by Notification No. 89/99-Customs dated, the 6th July, 1999 vide GSR No. 499(E), dated the 6th July, 1999.

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