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1>
The trade is hereby informed that consequent upon introduction of
the Finance Bill,2006 in Lok Sabha on 28.02.2006 certain changes in
Customs Tariff/ Central Excise Tariff have been affected. Certain
amendments have also been sought to be made to the Customs Act,1962.
2.> In this connection,
copy of the J.S.(TRU)s D.O.F. No.334/3/2006 TRU dated 28.02.06 along with
Explanatory Notes ( Customs/Central Excise) indicating the important
changes made in both the Customs & Central Excise duties by the
Finance Bill 2006 is enclosed herewith. For details of changes made
in the Customs and Central Excise duties by the Finance Bill 2006,
the relevant Notifications may be referred to.
3.> The changes relating
to the Tariff effected by the Finance Bill 2006 & the
Notifications ( unless otherwise indicated in the Bill or any
Notification) come into force from the midnight of
28.02.2006/01.03.2006. The proposed amendments to the Customs
Act,1962 will take effect from the date of enactment of the Finance
Bill.
4.> Any problems or
difficulties may be brought to the notice of the Joint Commissioner
of Customs (Tech), Headquarters, Bangalore.
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