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Disqualification of Directors under Section 274(1)(g) of the Companies Act, 1956 – Clarificar
SEBI, in its endeavor, to make processing of application for registration/renewal simpler, speedier and effective, advise all the existing/prospective ‘Portfolio Managers.
The principal notification was published in the Gazette of India vide notification No. 62/94-Customs (NT), dated the 21st November, 1994 [S.O.829 (E), dated the 21st November, 1994] and last amended by notification No. 50/2002-Customs (NT), dated the 29th July, 2002.
Circular No.689/5/2003-CX I am directed to say that Board has observed that different practices are being followed in field formations on the issue of maintenance of records by first stage and second stage dealers and pre-authentication of invoices issued by second stage dealers/ dealers of imported goods. Instances have come to the notice of the Board that the proper records are not being kept by such dealers and the pre-authentication of the invoices by the central excise officers is still being insisted upon.
I am directed to refer to the instructions contained in Board’s Circular No. 47/2002-Cus., dated 29.07.2002, on the above subject and to say that some references have been received in the recent past seeking Board’s clarification whether the goods imported and bonded in a warehouse can be permitted to be cleared for the purpose of export under Section 69 of the Customs Act, 1962 even though demand notices under Section 72 of the Customs Act, 1962 have been issued by the Customs authority demanding duty, interest and other charges upon expiry of the initial or extended period of warehousing.
