Imp. Supp. No. :

Exp. Supp. No.:

PUBLIC NOTICE P.N.NO.24/2000 Appraising(General) Date:24-02-2000.

Clearance on the Budget day
The Union Budget for the year 2000-01 is likely be presented at 12:00 hours on 29-02-2000. In terms of section 4 of the Provisional Collection of Taxes Act, 1981, the provisions of the Finance Bill will take effect from the midnight of 29-02-2000/01-03-2000. The rate of duty and tariff valuation of imported goods is governed by section 15 of the Customs Act which stipulates that the same shall be in for on the date on which the Bill of Entry is presented or the date of entry inwards. Whichever is later. For the sake of uniformity, it may please be ensured that no notings of the Bill of Entry be made on 29th Feb., 2000 at new Custom House. Similarly no clearances may be allowed from any bonded warehouse on 29th Feb, 2000 under section 68 of the Customs Act for ex-bonding the warehoused goods. Emergency arrangements for clearance of goods in pipeline, etc. may be done as was being followed earlier for clearance between 5:00 PM and midnight on the Budget day, by A.C.(Oil Unit) and A.C.(Bond Deptt.)

All the members of trade and importers hereby informed and requested to take note of it.

Sd/-(24-02-2000)
(K.P. SINGH)
COMMISSIONER OF CUSTOMS(IMPORT)
MUMBAI

Issued from F.No. S/26-25/2000 A(G)

Based on Boards letter F.No. 450/21/99-Cus.IV dated 10-02-2000.

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