DGFT allows inclusion of foreign buyer commissions in FOB value for calculating DEPB entitlement, ensuring consistent treatment with drawback entitlements.
In exercise of powers conferred under section 5 of the of Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 1.3 and 4.1 of the Export and Import Policy, 1997-2002, the Central Government hereby makes the following amendment in the Policy, 1997-2002 (incorporating amendment made upto 13.4.98) and ITC(HS) Classification of Export and Import) item , 1997-2002 published on 31st March, 1997 and as amended from time to time, namely.
Acetylene Black (including conductive carbons) subjected to safeguard duty. – In exercise of the powers conferred by sub-section (1) of section 8B of the Customs Tariff Act, 1975 (51 of 1975), read with rules 12 and 14 of the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997, and based upon the final findings of the Director General (Safeguards) published vide No. GSR 377 (E), dated 3rd July, 1998, in the Gazette of India Extraordinary.
Public Notice No. 57 (RE-98)/97-02 revises rules on metallic waste and scrap imports, excluding hazardous materials from specific restrictions.
Stock exchanges which have not established connectivity with the depository for dematerialised trading may continue to accept delivery in physical form for the scrips announced for compulsory delivery by all investors in dematerialised form, till such time the exchange establishes connectivity with the depository or July 1, 1999, whichever is earlier.
