CUS NTF NO. 62/2012 DATE 21/12/2012
Amendment in the exemption notification
G.S.R.921 (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, on 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. 12/2012-Customs, dated the 17th March,2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),vide number G.S.R. 185 (E), dated the 17th March,2012, namely:-
In the said notification, in the Table, after S. No. 142 and the entries relating thereto, the following shall be inserted, namely:-
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“142A
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2711
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Liquefied petroleum gases (LPG), in excess of the quantity of petroleum gases and other gaseous hydrocarbons consumed in the manufacture of polyisobutylene by the unit located in Domestic Tariff Area (DTA), received from the unit located in Special Economic Zone (SEZ) and returned by the DTA unit to the SEZ unit from where such Liquefied petroleum gases (LPG) were received.
Explanation.-
For the purposes of this entry, the quantity of the petroleum gases and other gaseous hydrocarbons consumed in the manufacture ofpolyisobutylene shall be calculated by subtracting from the quantity of the said gases received by the DTA unit manufacturingpolyisobutylene, the quantity of the said gases returned by the said unit to the SEZ unit.
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Nil
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Nil
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5”.
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[F.No. 354/264/2011-TRU]
(Raj Kumar Digvijay)
Under Secretary to the Government of India
Footnote:- The principal notification No. 12/2012-Customs, dated the 17th March, 2012 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 185 (E), dated the 17th March,2012 and last amended vide notification No. 59/2012-Customs dated, the 21st day of November 2012, published vide number G.S.R.836 (E), dated the 21st day of November , 2012.