Sub: Presentation of Union Budget for the year 2000 – 2001 – reg.
Attention of the Trade, Importers/Exporters, Custom House Clearing Agents
and all other concerned is drawn to the Ministry's instruction on the above
subject.
The Union Budget for the year 2000-2001 is likely to be presented at
12:00 Hours on 29-02-2000 . In terms of Section 4 of the Provisional Collection
of Taxes Act, 1931, the provisions of the Finance Bill will take effect from the
mid-night 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 force on the date on which the Bill of Entry is
presented or the date of entry inwards, whichever is latter. For the sake of
uniformity, no NOTING of the Bills of Entry be made on 29th of Feb
2000 in Calcutta Custom House and Air Cargo Complex (Import). Hence no Bs/E will
be accepted for noting in Custom House and Air Cargo Complex and also no Bs/E
will be accepted for data entry in service centre on 29-02-2000. In
addition, no clearance will be allowed from
any appointed Warehouse under
Section 68 of the Customs Act for Ex-bonding the warehoused goods. In
case of emergency, arrangements for clearance of goods in pipeline etc. shall be
done as was being followed earlier for clearance between 5 P.M. and Mid-night on
the Budget day.
sd/-
( A. K.
RAHA)
Commissioner of Customs
Custom House, Calcutta
F.No.
S60-12/2000A(G)
Dated : 16-02-2000
Issued
as per Ministry's instruction vide Letter F.No. 450/21/99-CUS.(IV) dated
10.02.2000
