Where benefit of exemption from duty is claimed by a person, who is not a Duty Entitlement Pass Book holder, such benefit shall be permissible only against specific amount of credit transferred by a Duty Entitlement Pass Book holder to such person.
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods specified in the Table annexed hereto from so much of the duty of Customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51of 1975) as is in excess of the amount calculated at the rate of five percent ad valoram and from the whole of the additional duty and special additional duty leviable thereon respectively under sections 3 and 3A of the said Customs Tariff Act.
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts materials imported into India, against an Advance Licence issued in terms of sub-paras (a) and (b) of paragraph 4.1.1 of the Export and Import Policy (hereinafter referred to as the said licence), from the whole of the duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), and from the whole of the additional duty, safeguard duty and anti-dumping duty leviable thereon respectively under sections 3, 8 and 9A of the said Customs Tariff Act, subject to the following conditions namely.
In exercise of the powers conferred under Para 2.4 of the Export and Import Policy, 2002-2007(incorporating amendments made upto 31st March,2002), the Director General of Foreign Trade has decided to release a quantity of 6.00 (Six) Lakhs M.T. of onions (all varieties other than Bangalore Rose onion and Krishnapuram onions) for export upto 31st March, 2003.
Circular No.635/26/2002-CX I am directed to refer to Notification No.42/2001-CE (NT), dated the 26th June, 2001 as well as Central Excise Manual in relation to the procedure to be followed by the manufacturer exporters and merchant exporters for the purpose of export and to say that the manufacturer exporter has the option to execute a bond with the jurisdictional authorities or Maritime Commissioner or to file a Letter of Undertaking with the jurisdictional authorities
Section 117C will apply to debentures issued and pending to be redeemed and as such DRR is required to be created for debentures issued prior to 13.12.2000 and pending redemption subject to clarifications issued herein.
Circular No. 634/25/2002-CX I am directed to enclose a list containing the gist of important CEGAT Orders wherein the Department has been able to secure a favourable decision for necessary action at your end.
In exercise of the powers conferred by sub-section (2) of section 4A of the Companies Act, 1956 (1 of 1956), the Central Government hereby specifies the following institution to be a public financial institution and for that purpose makes the following amendment in the Notification of the Government of India, in the Ministry of Law, Justice and Company Affairs.
In exercise of the powers conferred by sub-section (2A) of section 217 read with clause (a) of sub-section (1) of section 642 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules further to amend the Companies (Particulars of Employees) Rules, 1975, namely
Considering the importance of the smooth transition to the rolling settlement on T+3 basis, it has been decided that stock exchanges would have to implement the decision to abolish the “no delivery period” by May 01, 2002 and no further extension would be granted in this regard.
