Attention is invited to DOR Circular No.16/96-Cus. Dated 12.3.96 which has been issued outlining the procedure to be followed for logging of DEEC Books. In terms of Para 1 of this Circular, 5 documents as enumerated therein are generally required to be produced for logging.
It is being re-iterated that securities which are lent under the above schemes shall remain deposited with the Clearing Corporation or Clearing House of the Exchange and shall not be sold or substituted during the same settlement.
Circular No. 573/10/2001-CX As you are aware, there has been a long dispute in regard to classification of D-oiled rice bran extraction, niger seed extraction of topioca chips and sesame seed extractions as animal feed falling under Tariff Heading 21 of the Second Schedule to the Custom Tariff Act, 1975. The core question thus related to the factum of export duty being leviable thereon during the relevant period.
