The Directorate General of Foreign Trade has been receiving representations from various quarters seeking clarifications as regards the Classification of certain specific items under the ITC(HS) Classifications of Exports and Imports Items, 1997-2002. Such requests made in terms of para 4.13 of the policy for issue of appropriate clarifications etc. have been examined and based on the decision(s) arrived at by the committee set up for this purpose, the applicants have been suitably advised about the appropriate classification of such items under the ITC(HS). A list of the items, where clarifications were given, is given below for information of all concerned.
Further, the scrips of companies which has been or is being shifted to the ‘trade for trade’ window of the stock exchanges would be reverted back to the normal trading segment from the next cut off date after the depositories confirm to SEBI that the companies have established connectivity.
I am directed to invite your attention to the Board’s Circular No. 72/2000-Cus, dated 31-8-2000 on the above-mentioned subject. It has been brought to the notice of the Board by some of the Commissioner rates that the above said Circular is silent about the EHTP (Electronic Hardware Technology Park)/ STP (Software Technology Park) units
Public Notice 40 (RE-00) updates rules for Diamond Dollar Account Scheme, rough diamond sales, export procedures, and personal carriage of gems.
Products approved for manufacture in and export or trading from the respective free Trade Zones/Export Processing Zones/Special Economic Zones and Export Oriented Units, except textile item covered by bilateral agreements, exports to Rupee Payment countries under the Annual Trade Protocol and Exports against payment in Indian Rupees to former Rupee payment countries.
The import of components shall be permitted on net to net basis with accountability clause and the type, technical specifications (including part No., if any), etc., of the components sought for import should conform to those utilised in the manufacture of the resultant product, which should be reflected in the export documents (shipping bills) also.
It is directed to refer to Notification No. 14/2000-Cus(N.T.) dated 25.2.2000 regarding appointment of Commissioner of Customs, Calcutta as Commissioner of Customs having jurisdiction over the whole of India for the purpose of investigation, issue of show cause notices against M/s Indian Oil Corporation Ltd. in respect of their consolidated duty liability on account of non-inclusion of ships
In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992) read with Paragraph 1.3 and 4.1 of the Export and Import Policy, 1997-2002(incorporating amendment made up to 31.3.2000), the Central Government hereby makes the following amendments in the ITC(HS) Classification of Export and Import items, 1997-2002 published on 31st March, 1997- ( RE-98) as amended from time to time.
Circular No. 556/52/2000-CX A doubt has been raised whether “Micronised Zircon Sand / Zirconium SIlicate” marketed as Zircon opacifier is classifiable under Chpater heading 26.15 as zirconium ores and concentrates, 2839.90 as silicates, 3207.90 as prepared opacifier or 2505.00 mineral substances (NES).
Circular No. 798-Income Tax Reference is invited to Circular No. 781, dated 5-11-1999 wherein the rates of deduction of income-tax from the payment of income under the head “Salaries” under section 192 of the Income-tax Act, 1961, during the financial year 1999-2000, were intimated.
