Home India Ministry of Finance In exercise of the powers conferred by sub-section 1 of Sect...
Date: 2016-01-11 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sub-section 1 of Section 25 of the Customs Act, 1962 52 of 1962, read with section 21 of the General Clauses Act, 1897 10 of 1897, the Central Government, being satisfied that it is necessary in the public interest

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

**Policy Summary:** This notification, No. 03/2016-Customs, issued by the Ministry of Finance, Department of Revenue, Central Board of Excise and Customs, rescinds notification No. 995-Customs, dated March 6, 1995. The rescission is enacted under the authority of Section 25(1) of the Customs Act, 1962, read with Section 21 of the General Clauses Act, 1897, and is deemed necessary in the public interest. The rescission is effective from January 11, 2016, except for actions taken or omitted prior to this date. The original notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection i, vide number G.S.R. 110(E), dated March 6, 1995. The file number for this notification is F. No. 570/04/2003-LC. The issuing authority is Temsunaro Jamir, Under Secretary.

Key Entities Referenced

Ministry of Finance: A department of the Government of India responsible for financial matters. Department of Revenue: A department within the Ministry of Finance. Central Board of Excise and Customs: A government agency responsible for the administration of excise and customs duties. New Delhi: The capital of India and the location of the notification. Customs Act, 1962: An act of the Parliament of India that regulates customs duties. General Clauses Act, 1897: An act of the Parliament of India that provides general rules of interpretation for Indian legislation. Notification No. 03/2016-Customs: A specific notification related to customs issued in 2016. G.S.R.110 E: A government statutory rule number.
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