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Various representations have been received from Trade/Exporters that wherever final goods exported by them are liable to compounded levy of Central Excise duty, in such cases, the exporters are unable to avail of Modvat Credit ot additional customs duty (CVD) paid in cash on imported inputs, or excise duty paid on indigenous inputs, utilised in the production of export goods; and thus
Para 6 of CIrcular No. 10/97-Cus. provided that, under DEPB Scheme, imports and exports can be undertaken only from the port of registration of the DEPB scrip. This condition was relaxed by issue of Circular No. 28/97-Cus. to permit imports from Delhi, Mumbai, Calcutta and Chennai, for DEPB Scrips registered at any of these ports. Further relaxations were provided by later circulars
In exercise of the powers conferred by sub-sections (1) and (6) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rule 23 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping duty on Dumped Articles and for Determination of Injury) Rules, 1995 and based upon the findings of the Designated Authority in the matter of review of Bisphenol-A falling under Chapter 29 of the First Schedule to the said Customs Tariff Act (hereinafter referred to as the said goods).
Notification No. 10969/1999 – Income Tax In exercise of the powers conferred by sub-clause (ii) of first proviso to clause (10B) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to the maximum amount of compensation which may be received by a workman at the time of his retrenchment, hereby specifies five lakhs rupees as the limit for the purposes of the said clause in relation to the
The export license shall be issued by the Directorate General of Foreign Trade only when the firm produces a certificate of physical verification of stock from the Regional Deputy Director Wild Life in case of Delhi/Bombay/Calcutta /Madras or from the Divisional/District Forest Officer or Deputy Conservator of Forests of the concerned territorial division. Before issue of export license, the exporter shall also be required to furnish certificate(s) of Origin/Legal Procurement Certificate(s) in the format prescribed at Annexure I issued by the Principal Chief Conservator of Forests in original to the Directorate General of Foreign Trade for endorsement.
Attention is invited to Ministry of Commerce (Import Trade Control) Public Notice No. 74-ITC(PN)/85-88 dated the 21st February, 1986 on the subject mentioned above. It is hereby informed that in pursuance of the relevant provisions contained in the Indo-USSR deferred payments protocol dated the 30th April, 1981 and 23rd December, 1985.
