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Archive: 2001

Posts in 2001

Notification specifies Surat Special Economic Zone at Surat as a “free trade zone”. (Superseded vide Notification No. 61/2001-C.E. (N.T.), dated 13-9-2001)

March 27, 2001 547 Views 0 comment Print

In exercise of the powers conferred by clause (i) of Explanation 2 to the proviso to sub-section (1) of section 3 of the Central Excise Act, 1944(1 of 1944), read with clause (8) of rule 2 of the Central Excise and in supercession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.7/96-Central Excise, (NT), dated the 15th March, 1996 [G.S.R.132(E), dated the 15thMarch, 1996], except as respects things done or omitted to be done before such supercession, the Central Government

Sees to exempt goods supplied to the earthquake affected areas of Gujarat

March 26, 2001 1354 Views 0 comment Print

Government of Gujarat for the purpose of reconstruction, or repair of private buildings, residential or non-residential, in the earthquake affected areas of Gujarat, as may be indicated in the indent, from the whole of the duty of excise leviable thereon, subject to the following conditions, namely.

Export of sub-standard drugs by various companies and claiming DEPB /Drawback benefits thereon.

March 23, 2001 475 Views 0 comment Print

Content of this Circular may be brought to the notice of the concerned officers and a watch be kept to ensure that attempt is not made to get away with unwarranted export benefits by misdeclaring nature & composition of Drugs / formulations.

Notification No. 12/2001-Customs (NT), Dated: 22.05.2001

March 22, 2001 514 Views 0 comment Print

In exercise of the powers conferred by clause (b) and clause (c) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance, Department of Revenue, No.63/94-CUSTOMS (NT) dated the 21st November, 1994, namely.

SEBI : Exclusion of turnover from the turnover of subsidiary

March 22, 2001 322 Views 0 comment Print

Please find enclosed a copy of the SEBI (Stock Brokers and Sub-Brokers) (Second Amendment) Regulations, 2000 dated 30th August, 2000.

Circular No. 7/2001-Income Tax Dated 21-3-2001

March 21, 2001 757 Views 0 comment Print

Circular No. 7 of 2001-Income Tax In view of the occurrence of unforeseen national calamities of immense magnitude like the Gujarat earthquake employees of the Central Government, State Government, Public Sector Undertakings, Private Sector Companies and Corporations, and local authorities are making donations to the Prime Minister’s Relief Fund, the Chief Minister’s Relief Fund or the Lieutenant Governor’s Relief Fund

SEBI : System based calculation of margins on gross basis

March 20, 2001 436 Views 0 comment Print

It was decided to give some more time to enable the stock exchange to test the system software. As decided at the meeting, the stock exchanges shall comply with the requirement of introducing gross margining on the basis of data available from the system.

SEBI : Implementation of Compulsory Rolling Settlement

March 20, 2001 619 Views 0 comment Print

.In addition, if there is any scrip which is included in the BSE 200 list, but not covered by the above list, will also be included in the compulsory rolling settlement on a nationwide basis.

Logging of DEEC books for exports made through ICDs – regarding

March 19, 2001 1264 Views 0 comment Print

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.

SEBI : President/Executive Director/Managing Director Of all Stock Exchanges

March 19, 2001 442 Views 0 comment Print

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.

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