Board exempts interest on certain warehoused goods imported by EOUs, EHTP or STP units - But what's new?
There is already a notification, Notification No. 67/95 - Cus NT, which gives exemption of interest on certain goods imported by the EOUS, STP units and EHTP units. Now suddenly that notification is superseded and a new notification (132/2004) is issued granting the same exemption. Any idea, why? Notification No 67/95 mentions several notifications like 13/81 which no longer exist. So the notification required a redrafting and instead of tinkering with an old notification, the Board chose the easier of option of issuing a new notification and superseding 67/95. Not a bad idea altogether!