"November, 1997" Archive

Circular No. 359/75/97-CX Dated 28/11/1997

Circular No. 359/75/97-CX (28/11/1997)

Circular No. 359/75/97-CX I am directed to say that doubts have been raised regarding the correct classification and duty liability of used release paper (paper coated with polymers). It is stated that assessee manufacturing coated fabrics/ PVC leather cloth/ rexine use release paper in their manufacturing process and after repeated usag...

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No Cess on imported Synthetic rubber

Circular No. 65/ 97-Custom Duty (27/11/1997)

It is clarified that under the Rubber Act, 1947, Cess is leviable only on natural rubber. Since the Customs Tariff Act, 1975 provides levy of additional duty of customs equal to excise duty leviable on like goods produced or manufactured in India, the levy of cess as additional duty on imported synthetic rubber is illegal and therefore no...

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Customs House Agents Licencing – Regulations, 1984 Amended

Circular No. 66/97-Custom Duty (27/11/1997)

These amendments have been made in the light of the deliberations at the Commissioner's Conference, recommendations made by the committee on Subordinate Legislation, -Supreme Court's Judgement dated 15.7.96 in the case of M/s Jagat Bandhu Mukherjee v. UOI, representations made by the Federation of Freight Forwarders Association and curren...

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SEBI : Statement from brokers regarding forged/fake/stolen shares

SMD/Policy/Cir-31/97 (27/11/1997)

t has been observed recently that cases of forged/fake/stolen shares which are introduced in the market are on the increase and most of them might have been introduced through the sub-brokers. You are therefore, advised, that while forwarding applications for registration of sub-brokers...

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Export of Rough Diamonds purchased from the Market Permitted

Circular No. 64/ 97-Custom Duty (25/11/1997)

A doubt had arisen as to whether rough diamonds purchased from the open market can be exported without any restriction. The issue was examined in consultation with Ministry of Commerce and it was clarified by the Board that there should be no bar for export of rough diamonds even if procured from domestic market provided the payment is re...

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SEBI : Registration of Brokers

SMD/Policy/Circular/30/97 (25/11/1997)

However, it has been observed that in some cases, persons with a past police record who were admitted as a member of the stock exchange had subsequently indulged in fraud and cheating the public...

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Circular No. 358/97-CX Dated 24/11/1997

Circular No. 358/97-CX (24/11/1997)

Circular No. 358/97-CX A reference has been received from Director, Ministry of Commerce regarding the denial of excise duty exemption benefit to personal computers when brought inside the unit located in the EPZ/ FTZ for maintaining accounts under Notification 126/94-CE dated 2.9.94....

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Specified Import Cargo- Fast Track Clearance Procedure

Circular No. 63/97-Custom Duty (21/11/1997)

Your kind attention is invited to the Board's circular letter F.No. 450/ 68/93- Cus. IV dated 10.6.94 prescribing a procedure for expeditious assessment and clearance of goods and Board's Circular F. No. 450/ 51/ 92-Cus.IV, dated 25.5.92 prescribing a self-assessment procedure for Government Departments, Public Sector Undertakings and oth...

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Circular No. 357/73-CX Dated 20/11/1997

Circular No. 357/73-CX (20/11/1997)

Circular No. 357/73-CX I am directed to invite your attention to Notification No. 28/96-CE(NT) dated 31.8.96, as amended by Notification No. 47/97-CE(NT) dated 1.9.97, providing for authentication of challan-book under the provision of Sub-Rule 4 of Rule 57F of the Central Excise Rules, 1994. The said Notification states that each foil o...

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Circular No. 356/72/97-CX Dated 20/11/1997

Circular No. 356/72/97-CX (20/11/1997)

Circular No. 356/72/97-CX Attention is invited to Ministry"s Section 73B Order No. 50/4/97-CX dated 5th November, 1997 and 51/5/97-CX dated 20.11.1997 issued from F.No. 103/5/96-CX.3 where under classification of "Nycil Prickly Heat Powder" was ordered to be made under heading 33.04....

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