Page 107 - ELT_1st September 2020_Vol 373_Part 5

2020 ] NOTIFICATIONS N101

2. In the said notification, -
(i) after serial no. (i), the following entry shall be inserted, namely :-
“(ii) Authorised Public Undertaking.”;
(ii) for the “Explanation” to the said notification, the following “Expla-
nation” shall be substituted, namely :-
“Explanation : For the purpose of this notification :-
(i) AEO means Authorised Economic Operator ;
(ii) Authorised Public Undertaking means Authorised Public Undertak-
ing,
approved by the Directorate of International Customs under the Central
Board of Indirect Taxes and Customs.”
3. This notification shall come into force with effect on the date of pub-
lication in the Official Gazette.
[Notification No. 78/2020-Cus. (N.T.), dated 19-8-2020]

Deferred Payment of Import Duty Rules, 2016 — Amend-
ment to 2020

[Amend at page 2.21 of 63rd Edition of Customs Law Manual, Vol. 1, 2020-21]
In exercise of the powers conferred by proviso to sub-section (1) of sec-
tion 47 and section 156 of the Customs Act, 1962 (52 of 1962), the Central Gov-
ernment hereby makes the following rules further to amend the Deferred Pay-
ment of Import Duty Rules, 2016, namely :-
1. Short title and commencement
(1) These rules may be called the Deferred Payment of Import
Duty (Amendment) Rules, 2020.
(2) They shall come into force on the date of their publication in
the Official Gazette.
2. In the Deferred Payment of Import Duty Rules, 2016, Rule 4 shall be
omitted.
3. Rules 5 to 8 shall be re-numbered as Rules 4 to 7, respectively.
[Notification No. 79/2020-Cus. (N.T.), dated 19-8-2020]
Exchange rates for import and export of goods
[Substitute at page 4.236 of 63rd Edition of Customs Law Manual, Vol. 1, 2020-21]
In exercise of the powers conferred by section 14 of the Customs Act,
1962 (52 of 1962), and in supersession of the Notification No. 69/2020-Customs
(N.T.), dated 6th August, 2020 except as respects things done or omitted to be
done before such supersession, the Central Board of Indirect Taxes and Customs
hereby determines that the rate of exchange of conversion of each of the foreign
currencies specified in column (2) of each of Schedule I and Schedule II annexed
hereto, into Indian currency or vice versa, shall, with effect from 21st August,
2020, be the rate mentioned against it in the corresponding entry in column (3)
thereof, for the purpose of the said section, relating to imported and export
goods.

EXCISE LAW TIMES  1st September 2020  107