Ntf No. 55/1998-Cus Dated 30-7-98

CUSTOMS NOTIFICATION No.55/1998 Dated:30-7-1998

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 amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 23/98-Customs, dated the 2nd June, 1998, namely:-

In the said notification,-

(i) in the Table, after serial No. 106 and the entries relating thereto, the following shall be inserted, namely:-

(1)	     (2)			(3)           	(4)           (5)           (6)


"48A.       2905.11 		Methanol      	25%           -             -"



(ii) In the Annexure, after condition No.13, the following condition shall be inserted, namely;-

	Condition                                      Conditions
        	No.


        	"13A        		If -                                                   
                    			(a) the goods are imported by a manufacturer of textile garments 
				for use in the manufacture of textile garments for export by that 
				manufacturer and that the said manufacturer is registered with
				the Apparel Export Promotion Council;
                                                                           
                   			(b) the value of the goods imported does not exceed 2% of the FOB 
				value of textile garments exported during the preceding financial 
				year; and 

				(c) the importer produces a certificate from the Apparel Export 
				Promotion Council Certifying the value of exports made during the 
				financial year mentioned in clause (b) above and also the value
		                    	and quantity of fasteners and poly wadding materials already 
				imported under this notification during the current financial year".

                                                      					Sd/- 
                                                	 				     (Srinivas Tata)
                                           			Under Secretary to the Government of India