In exercise of the powers conferred by clauses (i) and (ii) of section 133 of the Finance Act, 2002 (20 of 2002), the Central Government hereby further amends the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 58/2003-CENTRAL EXCISE (N.T.), dated the 22nd July, 2003...

The Board has accepted the recommendation of the Conference that the provisions of the notification should be read with the provisions of the Indo-Nepal treaty. It is accordingly clarified that in the case of imports from Nepal under claim of Notification 6/2002-C.E., Sl. No. 181, benefit can be extended on the basis of a declaration by t...

The Department received a number of representations for extension of the scheme which have been considered. It has been decided to extend the scheme by a further period of three months with effect from 1.1.2004....

The principal notification No. 53/2003-Customs (N.T.), dated the 22nd July, 2003, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide G.S.R. 571 (E), dated the 22nd July, 2003 and was last amended by notification No. 108 /2003-CUSTOMS (N.T.), dated the 29th November, 2003....

The principal notification No. 52/2003-Customs (N.T.), dated the 22nd July, 2003, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide G.S.R 570 (E), dated the 22nd July, 2003 and was last amended by notification No107 /2003-CUSTOMS (N.T.), dated the 29th November, 2003....

The principal notification No. 61/2003-CUSTOMS (N.T), dated the 1st August, 2003, was Published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide G.S.R 627 (E), dated the 1st August, 2003 and was last amended by notification No. 106 /2003-CUSTOMS (N.T), dated the 29th November, 2003....

The principal notification No. 43/2003-CUSTOMS (N.T) dated the 22nd July, 2003, was published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide G.S.R 561(E) dated the 22nd July, 2003 and was last amended by notification No 105 /2003- Customs (N.T), dated the 29th November, 2003....

The principal notification No. 58/2003-CENTRAL EXCISE, dated the 22nd July, 2003, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide G.S.R 575 ( E), dated the 22nd July, 2003 and was last amended by notification No.77/2003-Central Excise, dated the 29th November, 2003 [G.S.R. 812 (E), dated the...

The principal notification No. 115/2003-CUSTOMS, dated the 22nd July, 2003, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide G.S.R 574 ( E), dated the 22nd July, 2003 and was last amended by notification No. 171/ 2003-CUSTOMS, dated the 29th November, 2003....

The principal notification No. 114/2003-CUSTOMS, dated the 22nd July, 2003, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide G.S.R 573 (E), dated the 22nd July, 2003 and was last amended by notification No. 170/2003-CUSTOMS, dated the 29th November, 2003 [G.S.R. 917 (E), dated the 29th Novemb...

The principal notification No. 113/2003-CUSTOMS, dated the 22nd July, 2003 was Published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide G.S.R 572 (E), dated the 22nd July, 2003 and was last amended by notification No. 169 /2003-CUSTOMS, dated the 29th November, 2003 [G.S.R. 916 (E), dated the 29th Nove...

The principal notification No. 26/95-Customs dated the 16th March, 1995, was published in the Gazette of India, Extraordinary, dated the 16th March, 1995, vide G.S.R. 155(E) dated the 16th March, 1995 and was last amended by notification No. 28/2003-Customs dated the 1st March, 2003....

This is in continuation of our circular no. SMD/Policy/Cir-9/2003 dated March 11, 2003, on "Risk Management for T+2 rolling settlement." In partial modification of the aforesaid circular,...

the adjudicating officer may, on receipt of such records, proceed to deal with the matter, so far as may be, in the same manner as in the case of adjudicating proceedings under Chapter VIA read with the Securities and Exchange Board of India....

Attention is invited to Policy Circular No.20(RE-2003)/2002-07 dated 14th November,2003 whereby the guidelines/procedure with regard to certification of nexus under EPCG Scheme were circulated. In Para 3(iv) of the said Circular, the date and year of D.O. letter was erroneously indicated as 17.7.2003. The same is rectified to read as ...

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 supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.104/2003-NT-Customs, dated the 24th November, 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 supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.103/2003-NT-Customs, dated the 24th November, 2003....

The principal notification No. 7/2003-Central Excise, dated the 1st March, 2003 was published in the Gazette of India vide number G.S.R. 137(E), dated the 1st March, 2003 and was last amended vide notification No. 75 /2003-Central Excise, dated the 27th October, 2003[G.S.R. 842(E), dated the 27th October, 2003....

Circular No. 10 of 2003-Income Tax The existing provisions of rule 7B of the Income-tax Rules, 1962 inserted by the Income-tax (Second Amendment) Rules, 2001, w.e.f. 1-4-2002 and further amended by the IT (Third Amendment) Rules, 2002 w.e.f. 1-4-2003, provide that income derived from the sale of coffee...

Defibrillators generally correct arrhythmia (irregular heart rate) and in specific terms "tachy arrhythmia" (fast heart rate). External defibrillators are used in more critical and emergency situations while internal defibrillators are used when the patient is already prepared for surgery. The issue to be decided was whether the external ...

In exercise of the powers conferred by Section 36 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the regulations to fiirther amendthe Securities and Exchange Board of India (Employees Service) Regulations, 2001...

Instruction No: 20/2003 Issue of Appellate Order Within 15 days of Last Hearing The Board has given serious consideration to the delay in passing/issue of the appellate orders by the Commissioner of Income Tax (Appeals), much after the last day of the hearing/receipt of written submission. This results in hardship to the assessee and ...

In exercise of the powers conferred by sub-rule (2) of rule 3 of the Central Excise Rules, 2002, the Central Board of Excise and Customs hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), number 14/2002-Central Excise (N.T.), dated the 8th March,...

As regards the delivery of vessels stores list and list of private property in possession of the Master, officer, crew, the same should contain the quantity of store on board at the time of departure from the last port of call and estimated quantity likely to be consumed till the grant of entry inward....

• bring the provisions of this circular to the notice of the listed companies/member brokers/clearing members of the Exchange and also to disseminate the same on the website for easy access to the investors....

n the said notification, in Annexure II, under heading '2. JAMMU PROVINCE', in sub-heading '(I) DISTRICT JAMMU', under heading '(C) Existing location run by Directorate of Industries and Commerce', in the Table, against S.No. 2, in column 'Name of the Industrial Area', for the entry "E.P.I.P. Kartholi Bari Brahamana", the entry "SIDCO Ind...

Meanwhile, SEBI has vide press release dated November 25, 2003 granted a transition period up to March 31, 2004 to those issuer companies who had issued privately placed debt securities but did not list those securities prior to September 30, 2003 (the date of the circular) to enable them to comply with the provisions of the circular....

F. No. 5/7/2003-ECB & PR dATED-22.12.2003- The Government approved on 23rd August 2003 the proposal to implement the budget announcement of 2003-04 relating to introducing a new restructured defined contribution pension system for new entrants to Central Government service, except to Armed Forces, in the first stage, replacing the existin...

I am directed to refer to Board's Circular No.30-Cus, dated 4.4.2003 issued from F.No.450/30/2003 vide which self assessment scheme for accelerated clearance of import/export cargo was introduced on the pilot basis at Air Customs (both export and import) at Sahar, Mumbai , ICD , Tughlakabad, New Delhi and Chennai Sea Customs ( bo...

The principal notification No. 421/76-Cus., dated the 23rd October, 1976 published in the Gazette of India , Part II, Section 3, Sub-Section (i), dated the 23rd October, 1976 vide G.S.R. 1550....

In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Paragraph 1.1 and 2.4 of the Export and Import Policy, 2002-2007, the Central Government hereby makes the following amendment in the “ITC (HS) Classifications of Export and Import Items, 2002-2007” as amend...

The principal notification No. 35, dated the 17th April , 1971 published in the Gazette of India , Part II, Section 3, Sub-Section (ii), dated the 17th April, 1971 vide S.O.1640 and last amended vide notification No. 17/95-CUSTOMS (N.T.), dated the 13th March, 1995....

In exercise of the powers conferred by sub-section (1) of section 30 of the Customs Act, 1962 (52 of 1962), the Central Government hereby specifies that any person other than carrier, who is authorized to issue delivery orders in favour of an importer on the basis of which goods are permitted to be delivered to such importer by...

It is clarified that Rule 3(2)(d) inter- alia provides for the incorporation of average amount of duties paid, on materials wasted in the process of manufacture. In terms of proviso to this Rule, if any waste is sold, the average amount of duties on the waste so sold shall be deducted. ...

An issue has been raised whether the organisations who are engaged in design, development are maintenance of Software and enter into Annual Maintenance contracts for maintenance of their software, are exempt from Service Tax or not....

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) read with sub-section (6) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government being satisfied that it is necessary in the public interest so to do hereby exempts the beer of Nepalese origin falling unde...

The Board has accepted the recommendation of the Conference and it is accordingly clarified that classification of software protection lock shall be done as discussed at para 5 above....

I am directed to say that divergence of practice regarding the classification of Thermal Camera capable of infrared imaging and measuring temperature has been brought to the notice of the Board. This item is being assessed under Customs Tariff Headings 9006.59, CTH 9027.30 or 9027.50 in different Commissionerates....

I am directed to say that divergence of practice regarding the classification of high capacity disc arrays has been brought to the notice of the Board. This item is being assessed under CTH 8471.70 as "Storage Unit" or under CTH 84715000 as a "Digital Processing unit" by different Commissionerates....

Notification No.350 - 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 2000-2001, 2001-2002...

Notification No.349 - 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...

Notification No.348 - 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...

Notification No.347 - Income Tax In exercise of the powers conferred by clause (23G) of Section 10 of the Income tax Act, 1961, the Central Government hereby makes the following amendment in the name of the enterprise/industrial undertaking approved in para 3(ii) of the notification No.98/2001 dated 29th April, 2001 to read as...

I am directed to state that instances have come to the notice of the Board that even after the completion of one month period from the due date where the amount of duty outstanding and the interest payable thereon are not paid within the due date, immediate necessary action as per law to recover such arrears is not taken by the field offi...

Please refer to Circular No. 661/52/2002-CX Dated 11.09.2002 issued under File No. 137/8/2001-CX-4 on the subject mentioned above....

(a) Chloroquine phosphate, originating in, or exported from the People's Republic of China, have been exported to India below its normal value; (b) the domestic industry has suffered material injury; (c) the injury has been caused to the domestic industry by dumping of Chloroquine phosphate , originating in or exported from the People's R...

Notification No.344 - Income Tax It is hereby notified for general information that the organisation mentioned below has been approved by the Central Government for the period mentioned below, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with Rule 6 of the Income tax Rules...

Notification No.343 - Income Tax It is hereby notified for general information that the organisation mentioned below has been approved by the Central Government for the period mentioned below, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with Rule 6 of the Income tax Rules...

Notification No.342 - Income Tax It is hereby notified for general information that the organisation mentioned below has been approved by the Central Government for the period mentioned below, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with Rule 6 of the Income tax Rules...

.This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market....

The issue whether a company which is not required to appoint a whole-time company secretary but has voluntarily appointed a whole-time secretary, is required to obtain compliance certificate from secretary in whole-time practice was under examination in this Department....

The issue whether a company which is not required to appoint a whole-time company secretary but has voluntarily appointed a whole-time secretary, is required to obtain compliance certificate from secretary in whole-time practice was under examination in this Department....

Operative Guidelines on the two-way fungibility under the issue of "Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme 1993" issued by Reserve Bank of India ...

Attention is invited to Policy Circular No.17(RE.2003)/2002-07 dated 10.10.2003 wherein all Licensing authorities were advised to follow the instructions contained therein on the admissibility of the import of Natural Rubber against Advance Licences/DFRC/Advance Licence for annual requirement, in respect of licences issued on or after 20...

Please refer to Board's Circular No.744/60/2003-CX Dated 11.09.2003, whereby it was informed that Department's appeal on the above issue, in the case of T.V.S. Suzuki Ltd., has been dismissed by the Hon'ble Supreme Court vide their judgment dated 06.08.2003 [reported in 2003 (156) ELT 161 (SC)] and that the said judgment has been accepted...

directed to forward herewith a copy of the Notifications published in the Gazette of India for your information and necessary action...

Representations have been received to allow inter unit transfer of the inputs imported/ procured against advance licence. The matter was deliberated upon in the Policy Interpretation Committee (PIC) and it was decided to allow transfer of raw material from one unit to another unit of the same company. Accordingly, a new Sub-paragraph may ...

The principal notification No. 23/2002-Customs, dated the 1st March, 2002 was published in the Gazette of India vide number G.S.R. 120(E), dated the 1st March, 2002 and was last amended vide notification No. 156/ 2003-Customs, dated the 20th October, 2003....

The principal notification No. 21/2002-Customs, dated the 1st March, 2002 was published in the Gazette of India vide number G.S.R. 118(E), dated the 1st March, 2002 and was last amended vide notification No. 164 /2003-Customs, dated the 11th November, 2003...

I am directed to refer to Board's Circular No. 10/2002-Customs dated 4th February, 2002 on the above mentioned subject, which advised provisional assessment of import of UPSS under heading 85.04 by taking a simple bond....

In exercise of the powers conferred by sub-regulation (1) of regulation 4 of the Securities and Exchange Board of India (Central Database of Market Participants) Regulations, 2003 (hereinafter referred to as the said regulations) and having taken into consideration the factors mentioned in regulation 14, the Board hereby specify...

Kind attention is invited to Department of Revenue Circular No.12/2003, dated 25th February, 2003 under which names of various fictitious/non-existent companies reported by Commissioner of Customs(Preventive), New Delhi were circulated reporting that these companies were trying to avail duty drawback by showing export. Names of 27 compa...

The first HYR will be for the half year ended September 2003, which has to be submitted to SEBI by the FIIs through their custodians’ latest by December 15, 2003. ...

Provided further that Security Officer and Assistant Security Officer shall discharge only such powers of Superintendent (Customs) and Preventive Officer (Customs) respectively as are entrusted by the Deputy Commissioner of Customs or Assistant Commissioner of Customs, as the case may be....

The principal notification No. 15/2002-Customs( N.T.), dated the 7th March, 2002 was published in the Gazette of India, Extraordinary Part II, Section 3, sub-section (i), dated the 7th March under G.S.R.171(E) and was last amended vide notification No. 27/2003-Customs (N.T.), dated the 23rd April, 2003, published in the Gazette of India E...

When the custodian makes a request for rendering of services of Customs officers beyond working hours, he will be required to pay only for the block periods for which the services were requisitioned irrespective of the number of importers/exporters documents handled during that period . The custodian , in turn , will, fo...

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....

Kind attention is invited to the judgment of the Hon'ble Supreme Court in the case of Commissioner of Customs, Chennai vs. M/s. Yeses International [2001 (133) ELT 526 (SC)], on the above subject. As indicated in Para 6 of the said judgment, as regards the demurrage charges, counsel for the Department had stated that they cannot be includ...

G.S.R.923(E). - In exercise of the powers conferred by proviso to sub-section (1) of section 79A of the Companies Act, 1956 (1 of 1956) read with sub-section (1) of section 642 of the said Act, the Central Government hereby makes the following rules, namely...

In exercise of the powers conferred by sub-section (1A) of section 81 of the Companies Act, 1956 read with section 642 of the said Act, the Central Government ...

The revised DEPB rate (value cap) would be applicable on exports made from the date of its notification and also for the shipment passed by the Customs on or after 14.1.2003 on provisional basis pending fixation of revised DEPB rate for this item....

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 makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Rev...

Notification No.339 - Income Tax It is hereby notified for general information that the organisation mentioned below has been approved by the Central Government for the period mentioned below, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with Rule 6 of the Income tax Rules...

Notification No.338 - Income Tax It is hereby notified for general information that the organisation mentioned below has been approved by the Central Government for the period mentioned below, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with Rule 6 of the Income tax Rules...

Notification No.337 - Income Tax It is hereby notified for general information that the organisation mentioned below has been approved by the Central Government for the period mentioned below, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with Rule 6 of the Income tax Rules...

Notification No.336 - Income Tax It is hereby notified for general information that the organisation mentioned below has been approved by the Central Government for the period mentioned below, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with Rule 6 of the Income tax Rules...

Representations have been received by this office that in case of export of pharmaceutical formulations under DEPB, sometimes rate is worked out in fractions when calculated as per the formula prescribed by the Policy Circular No.20 dated 31.7.2002. They have further stated that as per existing practice, the DEPB entitlement rate is round...

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 (Department of Revenue), issued from time to time, in exercise of the powers conferred by sub-clause ( i ) of clause (a) of sub-section (3) of ...

The principal notification No.146/94-Customs dated the 13th July, 1994 was published in the Gazette of India, Extraordinary, vide G.S.R. 575(E), dated the 13th July, 1994 and was last amended by notification No.137/2003-Customs, dated the 3rd September, 2003....