Circular No. 481/47/99-CX I am directed to draw your attention to Board”s Circular No. 426/59/98-CX dated 12.10.98 regarding special facility of self-certification/self-sealing to large manufacturer-exporters and to say that difficulties are being experienced by such exporters in furnishing information ofspecific date and time of sealing/stuffing and clearance in the export plan in terms of para 4 of the above mentioned Circular.
Circular No. 480/46/99-CX Normally in all cases of closure of bank business due to strike by bank employees, the Public gets advance intimation either through the press, or otherwise. In all such cases, the Commissioner should issue suitable Trade Notice to assessee requiring them to make advance arrangements to deposit money into the banks and keep sufficient amounts in their P.L. As so that they do not face any difficulty in the clearance of the goods during period of the strike.
SEBI had taken a meeting of Depositories, Depository Participants, Registrars and Share Transfer Agents and Registrar Association of India (RAIN) on August 16, 1999. As discussed in the meeting, it has been decided that:
Inter-depository trasfer of shares do not attract stamp duty. Inter-depository transfer of securities also do not require compliance with the formalities prescribed under section 108 of the Companies Act 1956.
