The sale/maturity proceeds (net of applicable taxes) of shares or convertible debentures purchased under this Scheme shall be credited only to NRSR account where the purchase consideration was paid out of funds held in NRSR account and to NRO or NRSR account at the option of the seller where the purchase consideration was paid out of inward remittance or funds held in NRE/FCNR/NRO/NRNR account.
In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby makes me following rules further to amend the Central Excise Rules,1944
It is directed to refer to the Board’s Circular No. 31/99-Cus. Dated the 27th May, 1999 on above-mentioned subject. It has been brought to the notice of the Board that 90% of Indian cargoes are being transhipped over foreign ports i.e. dubai, Singapure, and Colombo, as transhipment through these ports is cheaper than that through the Indiat Ports. Such transhipment through foreign ports
Circular No. 528/24/2000-CX It is directed say that Rule 173 GG of the Central Excise Rules, 1944, which provided for the special procedure for monthly payment of duty by manufacurers availing of the exemption under a notification based on value of clearances in a financial year ( Small Scale Industries ), has been omited with effect from 1st April, 2000.
Provided further that where the remittance is made in more than one instalment, the remittance of all instalments shall be made through the same authorised dealer.
Keeping in view the genuine problem of the exporters , it has been decided that all exporters who have established irrevocable Letter of Credit for export of items for payment in Indian Rupees prior to 28th January,2000 may be allowed to export under the erstwhile paragraph 11.7 of the Policy (RE-99) , provided that the shipment is effected by 30th June,2000 and there is no change in the description of the goods as reflected in the original Letter of Credit.
Attention is invited to para 7.4 of the Exim Policy and Paras 7.55 to 7.62 of the Handbook of Procedure, Vol.I of Policy period 2000-2001 in terms of which DFRC licence would be issued to eligible manufacturer exporters or merchant exporters for import of inports used in export product. Customs Notification No. 48/2000-Cus. Has been issued on 25th April, 2000 to facilitate import under
In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act,1992 (No.22 of 1992) read with paragraph 1.3 of the Export and Import Policy, 1997-2002 (incorporating amendment made upto 31.3.2000), the Central Government hereby makes following amendments in the Export and Import Policy, 1997-2002 (incorporating amendment upto 31.3. 2000.
Circular No. 527/23/2000-CX It is directed to draw your attention to Para 9.3 and Para 10.1 of Board’s Circular 81/91/94-CX dated 25th Novemeber, 1994 and 87/87/94-CX dated 26th December, 1994 respectively and to say that one of the requisite documents for aceptance of proof of export before sanctioning rebate or allowing credit in running bound account or discharging individual export bond is “atested copy / photocopy of the Shipping Bill ( export Promotion Copy )”.
In exercise of the powers conferred under Paragraph 4.11 of the Export and Import Policy 1997-2002, as amended, the Director General of Foreign Trade hereby makes the following amendments/modifications and additions in the Handbook of Procedures, Vol.2, 1997-2002, as amended.
