Circular No. 284/118/96-CX Discharge of the bond/ grant of credit in running bond account in cases where bond is executed under rule 13 or rule 14 in invariably delayed because of the time taken in reaching acceptance of proof of export in the office of Jurisdictional Range Officer from the Maritime Commissioner. In this regard, suggestions have been made that instructions could be issued by allowing provisional credit in running bond on the strength of exporters” copy of AR-4 certified by Customs
Circular No. 283/117/96-CX It has been represented to the Board that the field formations have taken a view that credit on inputs cleared as such for export under bond cannot be allowed to be utilised for payment of duty on final products cleared for home consumption nor can it be refunded in cash. In this regard
Circular No.282/116/96-CX It has been brought to the notice of the Board that after the amendment of Rule 57G vide notification No. 14/96-CE (NT) dated 23.07.96 specifying the documents for the purpose of modvat, the credit is being denied by the field formations is cases where the duty has been paid on the inputs under Rule 57F (1)(ii). In this regard it has been stated that under amended Rule 57G
Circular No. 749-Income Tax Under the provisions of section 203, the Drawing and Disbursing Officers (DDOs) of various Central Government Departments are deducting tax from payments made to its employees, contractors, etc. The taxes so deducted are being paid into Government account by book adjustment.
I am directed to refer correspondence with Ministry of Commerce and other agencies regarding setting up of new ICDs/ CFS. The Port Trusts are also being requested by the Ministry of Commerce to also examine the proposals and offer Comments. It is requested that
Circular No. 281/115/96-CX-3 I am directed to say that doubts have been expressed as to whether Cardenol is a product of Cashew Industry and accordingly entitled to the benefit of exemption from Central Excise duty under notification No. 115/75-CE dated 30.4.75.
With increasing trade interaction, many Business Executives are traveling abroad quite frequently. They carry expensive equipment’s like Camera, Camcorder, Cellular Phone, Note Book Computers etc. with them. At the time of departure, they have to the a Export Certificates with them to enable them to bring back the said goods without payment of duty on return. Normally, some to these goods
I am directed to refer to the decision taken in 25th Meeting of Customs and Central Excise Advisory Council on the above subject and in request that all letters/ representations received from the trade/ associations in the Board should be acknowledged and replied. A
The issue relating to the listing of debt securities of a company without prior requirements of its equity having been listed has been considered by SEBI and it has been decided in view of the consistent changes taking place in the capital markets and with basic intention of offering depth to the debt market.
in the matter of import of Dead Burnt Magnesite falling under sub-heading [2519.90] of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and originating from People”s Republic of China, the designated authority vide its preliminary findings, published in Part I, section 1 of the Gazette of India, Extraordinary, dated the 12th June, 1996.
