A number of DEPB licences have expired in respect of export of formulations relating to the Product Group – Chemicals and yarn dyed Made ups relating to the Product Group- Textiles, due to differences in interpretation . It has therefore been decided that DEPB relating to S.No 37 and 40 of the Product Group – Chemical (Product Code 62) and S.No 69 and 72 of Product Group – Textiles (Product Code 89) shall be revalidated for a period of 6 months from the date of such endorsement by the licencing authority against submission of a request and TR/ demand draft for Rs 200. However no revalidation shall be granted by the licensing authority in cases where misrepresentation/ fraud has come to the notice of the licensing authority or adjudicating orders have already been passed .
Public Notice No. 49 extends the shipment deadline for coarse grain and maize exports under previous notices to 31 December 2001. Read key export updates.
The Season’s production year mentioned in the para 2 of above Policy Circular may be changed to 2001-2002 instead of the existing 2000-20001. After above modification, the said para 2 shall be read as. It has been decided to allocate a quantity of 10,000 MTs (Ten thousand MTs) of Free Sale sugar out of season’s production (2001-2002) for export to EEC as preferential white sugar quota (2001-2002).
The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 32/2001-Central Excise, dated the 28th June, 2001 [G.S.R. 490 (E), dated the 28th June, 2001] and was last amended vide notification No. 41/2001-Central Excise, dated the 21st September, 2001[G.S.R. 683 (E), dated the 21st September, 2000.
In exercise of the powers conferred by sub-section (1) read with sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994, except as respects things done or omitted to be done before such amendment, namely :-
The principal notification 19/2001-Customs, dated the 1st March,2001 was published in the Gazette of India, Extraordinary part II Section 3 Sub-section(i) vide GSR.118(E)dated the 1st March,2001 and was last amended by notification No.110/2001-Customs, dated the 23rd October,2001.
The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 17/2001-Customs, dated the 1st March, 2001 [G.S.R.116 (E), dated the 1st March, 2001] and was last amended by notification No. 112/2001-Customs, dated the 31st October, 2001.
In view of the foregoing, you are requested to alert all subordinate Customs formations handling clearance of post parcels against the possibility of such attempts for smuggling
Difficulties, if any, faced in the implementation of the above instructions, may also be brought to notice of the Board at an early date.
Notification No.S.O.1120(E) – Income Tax In exercise of the powers conferred by clause (a) of sub-section (1) of section 115ACA of the Income-tax Act, 1961 (43 of 1961), the Central Government specifies “the Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993” notified, vide notification of the Government of India, Ministry of Finance, Department of Economic Affairs No. G.S.R. 700(E), dated the 12th November, 1993, as a scheme for the purpose of the said clause in respect of
