"March, 2003" Archive

Notification No. 23/2003- Central Excise, Dated-31st March, 2003

Notification No. 23/2003-Central Excise [G.S.R 266(E).] (31/03/2003)

Notification No. 23/2003-Central Excise, Dated-31st March, 2003 G.S.R 266(E).– In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944) ( hereinafter referred to as the Central Excise Act), the Central Government, being satisfied that it is necessary in the public interest so t...

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SEBI : Issue of Unique Client Code by Exchanges for Mutual Funds and FIIs

SEBI/SMD/SE/11/2003/31/03 (31/03/2003)

The exchanges are also directed to communicate to SEBI, the status of the implementation of the provisions of this circular in Section II, item no. 13 of the Monthly Development Report for the month of March 2003....

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Notification No. 28/2003-Central Excise; Dated: 31.03.2003

Notification No. 28/2003-Central Excise (31/03/2003)

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1994 (1 of 1994), read with sub-section (3) of section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957), the Central Government, being satisfied that it is necessary in the public interest so to do, here...

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Notification No. 27/2003-Central Excise; Dated: 31.03.2003

Notification No. 27/2003-Central Excise (31/03/2003)

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts castor oil cake falling under heading No. 23.01 of the First Schedule to the Central Excise Tariff Act, 1985....

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Notification No. 26/2003 -Central Excise; Dated: 31.03.2003

Notification No. 26/2003-Central Excise (31/03/2003)

cation No. 26/2003 - Central Excise In exercise of power conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts all goods specified in the First Schedule to the Central Excise Tariff Act, 1985 (...

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Notification No. 25/2003-Central Excise; Dated: 31.03.2003

Notification No. 25/2003-Central Excise (31/03/2003)

In exercise of powers conferred by sub-sections (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sub-section (3) of section 3 of the Additional Duties of Excise...

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Notification No. 24/2003 -Central Excise; Dated: 31.03.2003

Notification No. 24/2003-Central Excise (31/03/2003)

exempts all excisable goods produced or manufactured in an export oriented undertaking from whole of duty of excise leviable thereon under section 3 of Central Excise Act, 1944 ( 1 of 1944) and additional duty of excise leviable thereon under section 3 of Additional Duty of Excise....

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Notification No. 52/2003-Customs, Dated: 31.03.2003

Notification No. 52/2003-Customs (31/03/2003)

The whole of the duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975 ( 51 of 1975) and the additional duty, if any, leviable thereon under section 3 of the said Customs Tariff Act, subject to the following conditions, namely....

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Rescinds the following notifications on and from the 01.04.2003

Notification No. 51/2003-Customs (31/03/2003)

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 rescinds the following notifications of the Government of India in the erstwhile Ministry of Finance (Department of Revenue) on and ...

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Notification No. 50/2003-Customs, Dated: 31.03.2003

Notification No. 50/2003-Customs (31/03/2003)

The principal notification No. 82/2002-Cus, dated the 13th August, 2002, was issued vide G.S.R. 563 (E), dated the 13th August, 2002....

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Notification No. 22/2003-Central Excise; Dated: 31.03.2003

Notification No. 22/2003-Central Excise [G.S.R.265(E).] (31/03/2003)

n case the donee is a recognised non-commercial educational institution, registered charitable hospital, public library, public funded research and development establishment, the donor certifies that the donee is an educational institution, hospital, library or research and development establishment, as the case may be. ...

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Notification No. 21/2003-Central Excise; Dated: 31.03.2003

Notification No. 21/2003-Central Excise (31/03/2003)

The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 16/2001-Central Excise, dated the 26th March, 2001 [G.S.R. 211(E), dated the 26th March, 2001] and was last amended by notification No.23/2002- Central Excise, dated the 15th March, 2002 [G.S.R.210(E), dated the 15th March, 2002...

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DTA Sale of Power by EOUs and units in EPZ/SEZ/EHTP/STP- De-linking of Such Sale from the DTA Sale Entitlement of the Units-Reg

Circular No. 22/2003-Custom Duty (31/03/2003)

I am directed to invite your attention to the Board's Circular No. 38/2002-Cus, dated 1-7-2002 whereunder, among other things, a procedure for sale of surplus power in DTA by EOUs and units in EPZ/STP/EHTP/SEZ has been laid down. It has been clarified in paragraph 26 of the said Circular that the surplus power so sold in DTA may be adjust...

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Circular No. 704/20/2003-Central Excise, Dated: 31.03.2003

Circular No. 704/20/2003-CX (31/03/2003)

Circular No. 704/20/2003-CX In this context, it is mentioned that in the Budget 2003-04, with effect from 1.3.2003, Cenvat credit facility in respect of LDO has been withdrawn. The definition of input in the CENVAT Credit Rules, 2002 has been accordingly amended so as to mean all goods, except LDO, HSD and motor spirit, used in or in re...

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Notification No. S.O. 344(E), dated 31/03/2003

Notification No. S.O. 344(E) (31/03/2003)

In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Second Amendment) Act, 2002 (11 of 2003) the Central Government hereby appoints the 1st day of April, 2003 as the date on which the provisions of section 2 and 6 of the said Act shall come into force....

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Public Notice No. 03 (RE-03)/2002-2007, Dated: 31.03.2003

Public Notice No. 03 (RE-03)/2002-2007 (31/03/2003)

Attention is invited to Paragraph 2.4 of the Export and Import Policy 2002-2007, as amended and Paragraphs 4.9 and 4.10 of the Handbook of Procedures, Vol.1, 2002-2007, as amended and also to the Handbook of Procedures, Vol.2, 2002-2007, as amended from time to time....

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Removal of Quantitve Restriction related to export item

Notification No. 03 (RE-2003)/2002-2007 (31/03/2003)

Export of canned meat products shall be subject to preshipment inspection either by the State Directorate of Animal Husbandry or Export Inspection Agency or Directorate of Marketing and Inspection Government of India in accordance with either the standards prevalent in the exporting country or standards prescribed under the Meat Food Prod...

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Removal of Quantitve Restriction on Imports

Notification No. 02 (RE 2003)/2002-2007 (31/03/2003)

Import allowed through IOC, subject to para 2.11 of the Exim Policy, except for the companies who have been granted rights for marketing of transportation fuels in terms of Min. of P&NG’s Resolution No.P-23015/1/2001-MKT. Dated 8.3.2002....

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Notification No. 22/2003-Central Excise, Dated: 31.03.2003

Notification No. 22/2003-Central Excise [G.S.R. 265 (E)] (31/03/2003)

31st March, 2003 Notification No. 22/2003 – Central Excise G.S.R. 265 (E) In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act 1944 (1 of 1944), read with sub-section (3) of section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957) […]...

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Release of new exim policy

Notification No. 01 (RE 2003)/2002-2007 (31/03/2003)

In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 1.1 of the Export and Import Policy, 2002-07, the Central Government hereby notifies the Export and Import Policy, 2002-07, as amended from time to time, as contained in Annexure to this notificatio...

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Circular No. 21/2003-Custom Duty, dated; 28.03.2003

Circular No. 21/2003-Custom Duty (28/03/2003)

A separate provision has been made to enable the Govt. hospitals to import small quantities of essential new drugs for the treatment of their own patients. The fee for such import licences has been kept Rs. 100/- for a single drug and the rate of Rs. 50/- for each additional drug....

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Notification No.58/2003 – Income Tax Dated 28/3/2003

Notification No.58/2003 - Income Tax (28/03/2003)

Notification No.58 - Income Tax exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government on the recommendations of the National Committee, hereby approves the institutions mentioned in column (2) of the Table below and speci...

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Circular No. 53/2/2003-ST dated 27.03.2003

Circular No. 53/2/2003-ST (27/03/2003)

Instances have come to the notice of Board with regard to difficulties being faced by the Field Formations/Service Providers in collecting/paying the service tax in amounts less than a rupee or in multiple thereof....

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Anti-dumping duty on Methylene Chloride

Notification No. 49/2003-Customs (27/03/2003)

(a) Methylene Chloride, originating in, or exported from, the European Union, South Africa and Singapore, has been exported to India below normal value, resulting in dumping; (b) the domestic industry has suffered material injury; (c) injury has been caused by imports from the European Union, South Africa and Singapore;...

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Anti-dumping duty on Sodium Hydroxide

Notification No. 48/2003-Customs (27/03/2003)

The anti-dumping duty imposed under this notification shall be effective upto and inclusive of the 26th day of September, 2003, and shall be payable in Indian currency....

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Introduction of new stamps by the State Customs Service of Turkmenistan-reg

Circular No. 20/2003-Custom Duty (27/03/2003)

I am directed to enclose a copy of letter No.Ash/Misc/1/2003, dated the 17th February, 2003, along with its enclosures, received from Embassy of India, Ashgabat on the subject mentioned above for information and necessary action....

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Exemption from Declarations-Goods sent for testing abroad subject to re-import – instructions reg

Circular No. 19/2003-Custom Duty (27/03/2005)

In exercise of the powers conferred by clause (a) of sub-section (1) and sub-section (3) of Section 7, sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No. FEMA 23/2000-RB dated 3rd May 2000, Reserve Bank of India makes the following amendments in the F...

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Notification No.55/2003 – Income Tax Dated 27/3/2003

Notification No.55/2003 - Income Tax (27/03/2003)

Notification No.55 - Income Tax It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003, 2003-2004...

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Notification No. 25/2003-Customs (N.T.), dated: 26.03.2003

Notification No. 25/2003-Customs (N.T.) (26/03/2003)

In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962 (52 of 1962) and in supercession of the notification of the Government of India in the Ministry of Finance & Company Affairs (Department of Revenue) No.17/2003-NT-Customs, dated the 25th February, 2003 [S.O.225(E),...

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Notification No. 24/2003-Customs (N.T.), dated; 26.03.2003

Notification No. 24/2003-Customs (N.T.) (26/03/2003)

In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of Customs Act, 1962 (52 of 1962) and in supercession of the notification of the Government of India in the Ministry of Finance & Company Affairs (Department of Revenue) No.16/2003-NT-Customs, dated the 25th February, 2003 [S.O.224(E) date...

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Notification No. 20/2003-Central Excise ; Dated : 25.03.2003

Notification No. 20/2003-Central Excise (25/03/2003)

The principal notification No. 214/86-Central Excise, dated the 25th March, 1986 was published in the Gazette of India vide number G.S.R.547 (E), dated the 25th March, 1986 and was last amended vide notification No. 16/2003- Central Excise, dated the 1st March, 2003, number G.S.R. 146 (E), dated the 1st March, 2003....

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Simplification of Procedure for removal of Name of Defunct Companies

General Circular No. 13/2003 (25/03/2003)

Further the Company is not doing / carrying on any business right from the date of its incorporation and the Company is also not intending to do any business or commercial activity as laid down in the main objects of its Memorandum of Association in future....

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Notification No. 26/2003-Central Excise (N.T.) Dated 25-3-2003

Notification No. 26/2003-Central Excise (N.T.) (25/03/2003)

In exercise of the powers conferred by sub-rule (2) of rule 9 of the Central Excise Rules, 2002, the Central Government hereby makes the following further amendments in the notification of the Government of India in the erstwhile Ministry of Finance (Department of Revenue) No. 36/2001-Central Excise (N.T.), dated the 26th June, 2001...

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Notification No. 25/2003-Central Excise (N.T.) Dated 25-3-2003

Notification No. 25/2003-Central Excise (N.T.) (25/03/2003)

Notwithstanding anything contained in sub-rule (1), the manufacturer, producer, first stage dealer or second stage dealer, as the case may be, referred to in the said sub-rule, who is unable to produce the document evidencing actual payment of duty, shall be entitled to avail credit, calculated in a manner referred to in sub-rule (3), on ...

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Notification No. 24/2003-Central Excise (N.T.) Dated 25-3-2003

Notification No. 24/2003-Central Excise (N.T.) (25/03/2003)

subject to receipt of an invoice from the said person, as mentioned in sub-rule (2). The job worker shall clear the goods after filling in the time and date of removal and authenticating such details. The rate of duty on such goods shall be rate in force on date of removal of such goods from the premises of the job worker. No excisable go...

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Notification No. S.O. 322(E), dated 25/03/2003

Notification No. S.O. 322(E) (25/03/2003)

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 makes the following amendment in the notification of the Government of India, in the Ministry of Law, Justice and Company Affairs (Department of Company Affairs) number S.O. 1329 dated 8th May, 1978, ...

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Anti-dumping duty on Phenol

Notification No. 47/2003-Customs (24/03/2003)

Central Government, on the basis of the aforesaid final findings of the designated authority, hereby imposes on all imports of Phenol, falling under tariff item 2707 60 00 or sub-heading 2907 11 of the First Schedule to the said Customs Tariff Act...

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Anti-dumping Duty on Para cresol

Notification No. 46/2003-Customs (24/03/2003)

The anti-dumping duty imposed under this notification shall be effective upto and inclusive of the 23rd day of September, 2003, and shall be payable in Indian currency....

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Guidelines for considering request for exemption from payment of customs duty under Section 25(2) of Customs Act,1962

Circular No. 18/2003-Custom Duty (24/03/2003)

I am directed to refer to this Department's Office Memorandum F.No.467/104/2001 - Cus-V dated 12th December, 2001 (Circular No. 81 of 2001) wherein guidelines for considering requests for ad-hoc exemption from payment of customs duty under Section 25(2) of the Customs Act, 1962 have been issued. It has generally been observed that the imp...

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Removal of Laptop Computers and Video Projection System Temporarily out of EOU or EHTP / STP/SEZ Unit-Reg

Circular No. 17/2003-Custom Duty (24/03/2003)

The said instruction will apply to all EOUs and EHTP/STP/SEZ units whether they are engaged in activities of development of software or otherwise....

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Notification No. 23/2003-Central Excise (N.T.), Dated: 24.03.2003

Notification No. 23/2003-Central Excise (N.T.) (24/03/2003)

In exercise of the powers conferred by sub-rule (3) of rule 19 of the Central Excise Rules, 2002, the Central Government hereby makes the following amendment in the notification of the Government of India, in the erstwhile Ministry of Finance Department of Revenue No. 43/2001-Central Excise(N.T.), dated the 26th June, 2001...

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Notification No. 22/2003-Central Excise (N.T.), Dated: 24.03.2003

Notification No. 22/2003-Central Excise (N.T.) (24/03/2003)

In exercise of the powers conferred by sub-rule (3) of rule 19 of the Central Excise Rules, 2002, the Central Government, hereby makes the following further amendment in the notification of the Government of India, in the erstwhile Ministry of Finance (Department of Revenue) No. 42/2001-Central Excise(N.T.), dated the 26th June, 2001...

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Notification No. 21/2000-Central Excise (N.T.), Dated: 24.03.2003

Notification No. 21/2000-Central Excise (N.T.) (24/03/2003)

In exercise of the powers conferred by rule 18 of the Central Excise Rules, 2002, the Central Government hereby makes the following amendment in the notification of the Government of India, in the erstwhile Ministry of Finance, (Department of Revenue) No. 41/2001-Central Excise(N.T.), dated the 26th June, 2001, published in the Gazette of...

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Notification No. 20/2003-Central Excise (N.T.), Dated: 24.03.2003

Notification No. 20/2003-Central Excise (N.T.) (24/03/2003)

In exercise of the powers conferred by rule 18 of the Central Excise Rules, 2002, the Central Government, hereby makes the following further amendment in the in the notification of the Government of India, in the erstwhile Ministry of Finance (Department of Revenue) No. 40/2001-Central Excise(N.T.), dated the 26th June, 2001...

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Notification No. 19/2003-Central Excise (N.T.), Dated: 24.03.2003

Notification No. 19/2003-Central Excise (N.T.) (24/03/2003)

In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby makes the following rules further to amend the CENVAT Credit Rules, 2002...

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Anti-dumping duty on Certain Polyester Staple Fibres (PSF)

Notification No. 45/2003-Customs (21/03/2003)

Rate of exchange applicable for the purposes of calculation of such anti-dumping duty shall be the rate which is specified in the notification of the Government of India in the Ministry of Finance and Company Affairs (Department of Revenue), issued from time to time, in exercise of the powers conferred by sub-clause (i) of clause (a) of s...

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Retrospective effect of the criteria permitting 25% BG for manufacturer exporters having an export turnover of less than Rs 1 crore

Policy Circular No. 21 (RE-2003)/2002-2007 (18/03/2003)

On the other hand the amendment in PN 64 dated 19.02.2003 pertains to such established domestic companies who fulfil certain specified criteria like being registered with both the central excise and state sales tax authorities and having paid both the taxes unless exempted and having a minimum investment in plant and machinery of Rs 50 la...

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Notification No. 43/2003-Customs, Dated: 18.03.2003

Notification No. 43/2003-Customs (18/03/2003)

The principal notification No. 26/2000-Customs dated the 1st March, 2000, was published in the Gazette of India, Extraordinary, dated the 1st March, 2000, vide G.S.R. 178(E) dated the 1st March, 2000 and was last amended by notification No. 126/2002-Customs dated the 12th November, 2002....

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Notification No.54/2003 – Income Tax Dated 18/3/2003

Notification No.54/2003 - Income Tax (18/03/2003)

Notification No.54 - Income Tax In exercise of the powers conferred under sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961, (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendments in the notification of the Government of India, Ministry of Finance, (Department of Revenue), Central Board of...

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Notification No.53/2003 – Income Tax Dated 18/3/2003

Notification No.53/2003 - Income Tax (18/03/2003)

Notification No.53 - Income Tax In exercise of powers conferred by clause (xiiia) of sub-section (2) of section 88 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the New Jeevan Dhara-I and New Jeevan Akshay-I Plans of the Life Insurance Corporation of India, as filed by that Corporation with the Insuranc...

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SEBI : Electronic Data Information Filing And Retrieval (EDIFAR)

SMD/Policy/Cir-10/2003 (17/03/2003)

Further, any new company which gets listed in the exchanges shall also be required to upload financial statements/documents on-line in the EDIFAR web site. ...

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Anti-dumping duty on Hexa Methylene Tetramine (Hexamine)

Notification No. 42/2003-Customs (17/03/2003)

The anti-dumping duty imposed under this notification shall be effective upto and inclusive of the 16th day of September, 2003, and shall be payable in Indian currency....

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Anti-dumping duty on Vitamin E Acetate

Notification No. 41/2003-Customs (17/03/2003)

(a) Vitamin E (Acetate as well as Feed Grade) has been exported to India from the People's Republic of China below its normal value; (b) the Indian industry has suffered material injury; (c) the injury has been caused by the dumped imports from the People's Republic of China;...

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Enhancement/Loading on invoice price-regarding

Circular No. 16/2003-Custom Duty (17/03/2003)

It may not be out of place to mention here that the proper officer should follow the procedure laid down under Rule 10A of Customs Valuation Rules, 1988 to satisfy himself about the possible under-valuation. He should then intimate the importer in writing the ground for doubting the truth or accuracy of the value declared in relation to t...

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Notification No.52/2003 – Income Tax Dated 13/3/2003

Notification No.52/2003 - Income Tax (13/03/2003)

Notification No.52 - Income Tax It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-03, 2003-04 and 2...

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Circular No.702/18/2003-Central Excise, Dated: 13.03.2003

Circular No. 702/18/2003-Central Excise (13/03/2003)

Circular No.702/18/2003-CX I am directed to say that a doubt has arisen whether the refund claims of unutilized deemed credit of duty on procurement of grey fabrics used in the making of processed fabrics ultimately exported can be refunded in the background of the objection raised by C&AG about the admissibility of deemed credit on grey...

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Notification No. 18/2003-Central Excise (N.T.), Dated: 13.03.2003

Notification No. 18/2003-Central Excise (N.T.) (13/03/2003)

For rule 12 of the said rules, the following rule shall be substituted, namely:- 12. Recovery of CENVAT credit wrongly taken or erroneously refunded.- Where the CENVAT credit has been taken or utilised wrongly or has been erroneously refunded, the same along with interest shall be recovered from the manufacturer and the provisions of sect...

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Notification No. 17/2003-Central Excise (N.T.), Dated: 13.03.2003

Notification No. 17/2003-Central Excise (N.T.) (13/03/2003)

The invoice shall be serially numbered and shall contain the registration number, name of the consignee, description, classification, time and date of removal, rate of duty, quantity and value, of goods and the duty payable there on....

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Procedure relating to import of Plastic Waste/Scrap

Policy Circular No. 20/2002-2007 (12/03/2003)

Attention is invited to Public Notice No.392 (PN)/92-97 dated 1.1.1997 according to which import of Plastic Waste/Scrap (except PET Bottle Waste/Scarp) and animal dung or animal excreta shall not, be permitted, except against a license. Applicants while submitting the application as per provisions laid down in para 1(iv) of the said pub...

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SEBI : Monthly Reporting Format

SMD/DC/ 5413 /03 (12/03/2003)

As the risk containment measures and eligibility criteria for selection of stocks for derivatives trading have undergone a change, the monthly reporting format stands modified in the following aspects:...

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Notification No.50/2003 – Income Tax Dated 12/3/2003

Notification No.50/2003 - Income Tax (12/03/2003)

Notification No.50 - Income Tax In exercise of the powers conferred by section 118 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby directs that ...

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Circular No. 701/17/2003-Central Excise, Dated: 12.03.2003

Circular No. 701/17/2003-Central Excise (12/03/2003)

Circular No. 701/17/2003-CX I am directed to say that representations have been received expressing doubt whether unutilized CENVAT Credit of Additional Duty of Excise levied under Additional Excise Duty (Goods of Special Importance) [AED(GSI)] Act, 1957 paid on the fabrics used for the manufacture and export of ready made garments can b...

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Notification No. 16/2002-Central Excise (N.T.), Dated: 12.03.2003

Notification No. 16/2002-Central Excise (N.T.) (12/03/2003)

Whereas the Central Government is satisfied that a practice that was generally prevalent regarding levy of duty of excise (including non-levy thereof) under section 3 of the Central Excise Act, 1944 (1 of 1944) (hereinafter referred to as the said Act), on softy ice cream and non-alcoholic beverages dispensed through vending machines, fal...

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Circular No. 2/2003-Income Tax Dated 11-3-2003

Circular No. 2/2003-Income Tax (11/03/2003)

Circular No. 2 of 2003-Income Tax income-tax at source under sections 193, 194, 194A and 194K of the Income-tax Act on the payment of incomes to Shri Ram Chandra Mission, Chennai, whose income is exempt for assessment years 2002-03 to 2004-05 under section 10(23C)(iv) of the Income-tax Act, 1961, has been examined by the Board...

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SEBI : Cancellation of Certificate of Registration and Issue of No Due Certificate.

SMD/NDC/MSS/3998/2003 (11/03/2003)

You should send a communication to SEBI requesting for issue of "No Due Certificate" and cancellation of certificate of registration of the broker, with a confirmation that as on the date of communication,...

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SEBI : Risk Management for T+2 rolling settlement

SMD/Policy/ Cir-9/2003 (11/03/2003)

While the above risk management measures is expected to contain risk in the system, however, the efficacy of the same would be dependent on monitoring, surveillance and timely collection of margin by the stock exchanges....

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Circular No. 52/1/2003-ST dated 11.03.2003

Circular No. 52/1/2003-ST (11/03/2003)

The Central Board of Excise and Customs is getting ready to facilitate electronic filing of ST-3 returns of Service Tax from the month of April, 2003. Initially, this facility will be extended to only select class or group of service tax providers....

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Notification No. 23/2003-Customs (N.T.), Dated: 11.05.2003

Notification No. 23/2003-Customs (N.T.) (11/03/2003)

In exercise of the powers conferred by clause (a) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes the following further amendment in the notification of the Government of India in the erstwhile Ministry of Finance, (Department of Revenue), number 62/94-CUSTOMS (NT), dated the 21st November, 1994....

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Imports of free gifts under Bilateral Agreement

Circular No. 15/2003-Custom Duty (11/03/2003)

I am directed to refer to the subject mentioned above and to say that it has been brought to notice of the Board that, in some cases, Commissioners are insisting on submission of distribution certificates in respect of commodities imported duty free under notification No. 148/94-Cus., Sl. 8. (under a Bilateral Agreement)....

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Notification No.49/2003 – Income Tax Dated 11/3/2003

Notification No.49/2003 - Income Tax (11/03/2003)

Notification No.49 - Income Tax In exercise of powers conferred by section 295, read with clause (2) of section 17 and sub-section (2C) of section 192 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely ...

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Circular No. 3/2003-Income Tax Dated 11/3/2003

Circular No. 3/2003-Income Tax (11/03/2003)

Circular No. 3-Income Tax The matter regarding grant of exemption from deduction of income-tax at source under sections 193, 194A and 194K of the Income-tax Act on the payment of incomes to World Renewal Spiritual Trust, Mumbai whose income is exempt for assessment years 2002-03 to 2004-05 under section 10(23C)( vi) of the Income-tax Act...

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Public Notice No. 69 /2002-07, Dated: 10.03.2003

Public Notice No. 69 /2002-07 (10/03/2003)

In exercise of powers conferred under paragraph 2.4 of the Export and Import Policy, 2002-07 and paragraph 1.1 of Handbook (Vol.1), the Director General of Foreign Trade hereby makes the following correction/amendment in the book titled "Schedule of DEPB Rates....

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Notification No. 22/2003-Customs (N.T.), dated; 07.03.2003

Notification No. 22/2003-Customs (N.T.) (07/03/2003)

In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs (Exports), New Custom House, New Delhi to act as Commissioner of Customs, Amritsar, Commissioner of Customs, Jawahar Custom House, Nhava Sheva, Mumba...

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Notification No. 21/2003-Customs (N.T.), dated; 07.03.2003

Notification No. 21/2003-Customs (N.T.) (07/03/2003)

In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs, Inland Container Deport, Tughlakabad, New Delhi, to act as Commissioner of Customs (Import), Mumbai for the purpose of adjudicating the matters rela...

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Anti-dumping duty on Vitamin A Palmitate

Notification No. 40/2003-Customs (07/03/2003)

Central Government, on the basis of the aforesaid final findings of the designated authority, hereby imposes on all imports of Vitamin A Palmitate, falling under tariff item 2936 21 00 of the First Schedule to the said Customs Tariff Act, originating in, or exported from, the country or territory specified in column (2) of the Table given...

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SEBI : Investment Valuation Norms for Mutual Funds

MFD/CIR.No. 23/066/2003 (07/03/2003)

As you are aware, Eighth Schedule to SEBI (Mutual Funds Regulations), 1996 lays down the parameters for valuation of securities. Further, vide circulars dated September 18, 2000, March 28, 2001 and February 20, 2002, SEBI has prescribed detailed guidelines for valuation of securities....

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Classification of Mefloquine Hcl under ITS HS Classification for export of import items

Policy Circular No. 19/2002-2007 (06/03/2003)

The matter has been considered in consultation with Department of Chemicals and Petrochemicals and keeping in view the molecular structure of the above mentioned drug it has been decided that the Mefloquine Hcl is classifiable under ITS HS Code No.29333990 and is freely importable as per the policy indicated against the entry. ...

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Amendment in the notification No. 80/97-Customs, dated 21st October, 1997

Notification No. 39/2003-Customs (06/03/2003)

The principal notification No. 80/97-Customs, dated the 21st October, 1997 was published in the Gazette of India vide G.S.R. 610(E) dated the 21st October, 1997 and was last amended vide notification No. 28/2003-Customs, dated the 1st March, 2003 vide number G.S.R. 163(E) dated the 1st March, 2003....

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Circular No. 14 -Custom Duty, Dated; 6.01.2003

Circular No. 14/2003-Custom Duty (06/03/2003)

Attested photocopies of the Drawback Shipping Bills/Export Promotion Copies, Bills of Lading. In case, more than one item has been exported under a Shipping Bill, f.o.b. value must be shown separately for each export item....

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Notification No. 19/2003-Central Excise; Dated: 03.03.2003

Notification No. 19/2003-Central Excise (05/03/2003)

The principal notification No. 6/2002-Central Excise, dated the 1st March, 2002 was published in the Gazette of India, Extraordinary vide G.S.R 127 (E) dated the 1st March, 2002 and was last amended by notification No. 18/2003-Central Excise, dated the 3rd March , 2003 (G.S.R 182 (E) dated the 3rd March 2003...

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Public Notice No. 67 /2002-2007, Dated: 04.03.2003

Public Notice No. 67 /2002-2007 (04/03/2003)

Attention is invited to the entry at Code No. 0703(a) regarding Onions ( all varieties other than Bangalore Rose and Krishnapuram Onions) in Table B of Schedule 2 in the book titled " ITC(HS) Classifications of Export and Import Items, 2002 -2007....

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Public Notice No. 66 (RE-03)/2002-2007, Dated: 04.03.2003

Public Notice No. 66 (RE-03)/2002-2007 (04/03/2003)

Attention is invited to Paragraph 2.4 of the Export and Import Policy 2002-2007, as amended and Paragraphs 4.9 and 4.10 of the Handbook of Procedures, Vol.1, 2002-2007, as amended and also to the Handbook of Procedures, Vol.2, 2002-2007, as amended from time to time....

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Calendar for implementation of T+2 rolling settlement w. e. f. April 1, 2003

DCC/FITTC/CIR-19/2003 (04/03/2003)

Depositories are also required to put up systems to facilitate settlement of transactions by the Clearing House / Clearing Corporation arising out of securities lending and borrowing to meet shortages of pay-in obligations....

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SEBI : Calendar for implementation of T+2 rolling settlement w. e. f. April 1, 2003

D&CC/FITTC/CIR-20/2003 (04/03/2003)

The Custodians shall issue instructions in the physical form upto 4 p.m. and in electronic form upto 6 p.m. on T+1 to the DPs for pay-in of securities....

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Anti-dumping duty on Citric acid- Notification No. 38/2003-Customs

Notification No. 38/2003-Customs (04/03/2003)

The anti-dumping duty imposed under this notification shall be levied with effect from the date of imposition of the provisional anti-dumping duty, i.e. the 26th August, 2002, and shall be paid in Indian currency....

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Notification No. 46/2003 – Income Tax Dated 4/3/2003

Notification No. 46/2003 - Income Tax (04/03/2003)

Notification No.46 - Income Tax In exercise of the powers conferred in clause (23G) of section 10 of the Income tax Act, 1961, the Central Government hereby makes the following change in the name of the enterprise approved vide Notification No. 319/2001 dated 4th October, 2001...

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Notification No. 20/2003-Customs (N.T.) dated: 03.03.2003

Notification No. 20/2003-Customs (N.T.) (03/03/2003)

Provided that such Commissioner of Central Excise or the Commissioner of Customs and Central Excise, as the case may be, may, if he is satisfied that the manufacturer exporter or exporter was prevented by sufficient cause from filing the application within the aforesaid time allow such manufacturer exporter or exporter to file such applic...

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Notification No. 19/2003-Customs (N.T.) dated: 03.03.2003

Notification No. 19/2003-Customs (N.T.) (03/03/2003)

export, with its grammatical variations and cognate expressions, means taking out of India to a place outside India or taking out from a place in Domestic Tariff Area (DTA) to a special economic zone and includes loading of provisions or store or equipment for use on board a vessel or aircraft proceeding to a foreign port...

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Notification No. 18/2003-Central Excise, Dated: 03.03.2003

Notification No. 18/2003-Central Excise (03/03/2003)

In exercise of the powers conferred by sub-section(1) of section 5A of the Central Excise Act, 1944(1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, in the erstwhile Ministry of Finance (...

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Examination norms for export goods at port of export for exports by EOUs and units in SEZs-reg

Circular No. 13/2003-Custom Duty (03/03/2003)

The matter has been examined and it is clarified that exports by EOUs and units in SEZs shall be governed by examination norms, as applicable for EPCG/DEEC schemes, prescribed in para 2.1 (D) of the Circular No. 6/2002-Cus. dated 23.1.2002. However, if the export consignment of EOUs or SEZs unit has been sealed by Customs/Central Excise O...

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Notification No. 17/2003-Central Excise; Dated: 01.03.2003

Notification No. 17/2003-Central Excise (01/03/2003)

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sub-section (3) of section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957), the Central Government, being satisfied that it is necessary in the public interest so to do...

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Notification No. 16/2003-Central Excise, Dated: 1st March, 2003

Notification No. 16/2003-Central Excise (01/03/2003)

he principal notification No. 28/2002-Central Excise, dated the 13th May, 2002 was published in the Gazette of India, vide number G.S.R 361 (E) dated the 13th May, 2002 and was last amended vide notification No.62/2002-central Excise, dated the 31st December, 2002 number G.S.R. 858(E), dated the 31st December, 2002....

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Exemption to Motor Spirit from Additional Duty

Notification No.15/2003-Central Excise (01/03/2003)

For the purposes of this exemption appropriate duties of excise shall mean the duties of excise leviable under the First Schedule and the Second Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), the additional duty of excise leviable under the Finance (No.2) Act, 1998 (21 of 1998), and the special additional excise duty leviabl...

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Exemption to Motor spirit commonly known as petrol

Notification No. 14/2003-Central Excise (01/03/2003)

rom so much of the duty of excise leviable thereon under the said Schedules, as is in excess of the duty that would have been leviable on such goods under the said Schedules, if sold by the manufacturer for delivery at the time of removal of such goods or at any other time nearest to the removal of such goods, where the manufacturer and t...

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Notification No. 13/2003-Central Excise Dated: 1st March,2003

Notification No. 13/2003-Central Excise (01/03/2003)

For the purposes of this notification, "bought leaf factory" means a factory which purchases not less than two-thirds of the green leaf processed by it in the preceding financial year from any grower who has a holding not exceeding ten hectares of land under cultivation of tea....

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Notification No. 12/2003 – Central Excise, Dated: 1st March,2003

Notification No. 12/2003-Central Excise (01/03/2003)

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with section 136 of the Finance Act, 2001 (14 of 2001), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts, petroleum oils and oils obtained from bituminous minera...

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Prescribes effective rates wherever duty rate has been reduced in Second Schedule to Central Excise Tariff Act

Notification No. 11/2003-Central Excise (01/03/2003)

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods falling under the Chapter, heading No. or sub-heading No. of the Second Schedule to the Central Excise Tari...

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Notification No. 10/2003-Central Excise; Dated: 01.03.2003

Notification No. 10/2003-Central Excise (01/03/2003)

For the purposes of this notification the "retail sale price" means the maximum price at which the excisable goods in packaged form may be sold to the ultimate consumer and includes all taxes, local or otherwise, freight, transport charges, commission payable to dealers and all charges towards advertisement, delivery, packing, forwarding ...

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SSI exemption scheme effective from 1.4.2003 for units availing Cenvat credit

Notification No. 09/2003-Central Excise (01/03/2003)

all goods falling under Chapter 59 of the said First Schedule except goods falling under heading Nos. 59.01, 59.05, 59.06, 59.08, 59.09, 59.10, 59.11 and textile fabrics coated or laminated with preparations of low-density polyethylene....

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