"February, 2001" Archive

SEBI : Restriction on investments in print media sector

Circular No. FITTC/FC/10/2001 (28/02/2001)

The Reserve Bank of India has vide its notification no. FEMA.35/2001-RB dated February 16, 2001 amended the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 disallowing purchase of shares and convertible debentures of an Indian company,...

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Companies (Amendment) Act 2000 (53 of 2000)

Notification No. S.O. 176(E) (27/02/2001)

S.O. 176(E). - In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2000 (53 of 2000), the Central Government hereby appoints the 1st day of March, 2001, as the date on which the provisions of section 7 of the said Act shall come into force....

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Public Notice No. 58 (RE-2000)/1997-2002, Dated: 26.02.2001

Public Notice No. 58 (RE-2000)/1997-2002 (26/02/2001)

Attention is invited to the provisions of Public Notice No. 17 (RE-2000)/1997-2002 dated 30th June,2000 which inter-alia lays down the permanent IEC Numbers to be used by certain categories of Importers/Exporters, which are otherwise exempted from obtaining IEC Numbers. Recently in the wake of earthquake, which has hit many parts of the W...

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Notification No. 8/2001-Customs (N.T.), dated: 26.02.2001

Notification No. 8/2001-Customs (N.T.) (26/02/2001)

In exercise of the powers conferred by sub-section(1) of section 4 of the Customs Act, 1962(52 of 1962), the Central Government hereby appoints the Commissioner of Customs, Air Cargo Unit, New Customs House, Indira Gandhi International Airport, New Delhi, to be the Commissioner of Customs, Inland Container Depot, Tughlakabad, New Delhi, C...

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Duty Drawback on Polyester Ties-regarding Dated : 26/02/2001

Drawback Circular No.12/2001-Custom Duty (26/02/2001)

The issue has been examined in the Board. It is clarified that Neck Ties are basically clothing accessories, which are covered by Customs Tariff Heading 62.15. The said Custom Tariff heading does not find mention any where in the Drawback Table. The reason being that no data has been received from the Export Promotion Councils for formula...

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Notification No. 7/2001-Customs (N.T.), dated: 26.02.2001

Notification No. 7/2001-Customs (N.T.) (26/02/2001)

For the purpose of adjudication of the case pertaining to the exports made by M/s. Universal Garments, N-40 Commercial Area, Kirti Nagar, New Delhi, in respect of show cause notice DRI.F.NO.50D/54/98-CI dated the 12th September, 2000, issued by the Joint Director, Directorate of Revenue Intelligence, D Block, Indraprastha Bhawan, I.P.Esta...

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Notification No. 6/2001-Customs (N.T.), Dated: 26.02.2001

Notification No. 6/2001-Customs (N.T.) (26/02/2001)

The principal Notification No.12/97-Customs(N.T.), dated the 2nd April,1997 was published in the Gazette of India, Extraordinary Part-II, section 3, sub-section(i), vide G.S.R.193(E) dated the 2nd April,1997 and subsequently amended by Notification No.7/98-Customs(N.T.), dated the 4th February,1998, published in the Gazette of India, Extr...

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Valuation (Customs) – Cases handled by Special Valuation Branch of the Custom Houses – Review of instructions

Circular No. 11/2001-Custom Duty (23/02/2001)

Furthermore, where provisional assessment is being resorted to, the investigation and finalisation of the assessment must be completed within four months from the date of reply. If no decision is taken within 4 months, the extra duty deposit should be discontinued and the concerned Deputy Commissioner/Assistant Commissioner will be held r...

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All Industry Rates of Drawback in respect of Ready-made Garments falling under SS No.62.02 of the Drawback Table regarding.

DBK Circular No. 10/2001-Custom Duty (23/02/2001)

The issue has been examined. The applicability of drawback caps should be decided taking into account the normal commercial practice of marketing, packing and invoicing, i.e., whether the goods like Lehnga-Choli. Skirt-Blouse, etc, are being sold as one unit of ready made garment at one price or these are individual components and being a...

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Notification No. 5/2001-Customs (N.T.), dated: 23.02.2001

Notification No. 5/2001-Customs (N.T.) (23/02/2001)

In exercise of the powers conferred by sub-clause (a) of sub-section (3) of Section 14 of the Customs Act, 1962 (52 of 1962) and in supersession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 3/2001-NT-Customs, [S.O.74(E)] dated the 25th January, 2001 the Central Government hereby det...

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