Handbook of Procedures, 1997-2002 Vol. 2 ( incorporating amendments made upto 31st August, 1998. Attention is invited to the Export and Import Policy, 1997-2002 (incorporating amendments upto 13th April, 1998) published under the Ministry of Commerce Notification No. 1 (RE-98) dated 13.4.1998.
– In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with Paragraph 4.1 of Export and Import Policy, 1997 –2002, as amended; the Central Government hereby notifies the ITC(HS) Classifications of Export and Import Items 1997-2002 (Revised Edition: August, 1998) as contained in Annexure to this Notification.
Circular No. 416/49/98-CX It has been brought to the notice of the Board that there exists some doubt in the field formations with regard to powers of entertaining refund applications in cases where refund has to be granted under provisions of Rule 97 and Rule 173 (L) read with Section 11B wherein the goods originally manufactured and cleared for home consumption on payment of duty are returned to another factory, related or not to the original factory, for repair,
Notification No. S. O. 2116-Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 120 the Income-tax Act, 1961 (43 of 1961), and the powers conferred on me by the Central Board of Direct Taxes, New Delhi, vide Notification No. 9565/F. No. 279/129/93-ITJ (Pt. II), dated July 5, 1994, and S. O. No, 504, dated July 5, 1994, and all other powers enabling me in this behalf and in partial modification of Notification No. 1/97-98
Clarification on import of canalised items in India. Only canalising agencies like Indian Oil Corporation can import, not individual importers.
Circular No. 415/48/98-CX I am directed to draw your attention to para 5.2 of the Board”s Circular No. 81/81/94-CX dated 25/11/1994 and para 6.2 of Board”s Circular No. 87/87/94-CX dated 26/12/94, wherein it has been provided that where the AR4 indicates that the export is in discharge of an export obligation under a Quantity-based Advance License or a Value based Advance Licence issued under the Duty Exemption Scheme, the consignment should invariably be examined and sealed by the Superintendent of Central Excise himself.
Regln 6(a) was amended stipulating that the applicant for a temporary licence should be a graduate from a recognized university and have experience of Customs clearance work for a period of not less than three years inthe capacity of form ‘G’ pass holder, in addition to the other earlier existing conditions. The commissioner could relax this period from 3 years to 1 year for reasons to be
Government notice allows non-SSI units to expand capacities with export obligations under an industrial license.
Circular No. 414/47/98-CX “From the perusal of the order we find that the Superintendent has placed the draft appeal along with the grounds of appeal and put up for approval with the authorisation letter before the Collector. There is no indication whether Collector had applied his mind with reference to the impugned order for filling appeal or not. There was no mention of his approval for filing the appeal.
Notification No. S. O. 721(E)-Income Tax This notification contains amendment to Income-tax Rules, 1962 carried out on 25th August, 1998 not reproduced here as it is already contained in the body of the rules itself.
