It is further clarified that companies under inspection/investigation, or indicated in “vanishing” companies list or “plantation” company or any company involved in any of the stock market scams will not be covered by Simplified Exit Scheme. ROCs/RDs should refer to the Department if they have any doubt about any company.
The principal notification was published in the Gazette of India vide notification number 62/94-CUSTOMS (NT), dated the 21st November, 1994 [ S.O. number. 829 (E) dated 21.11.1994 ] and last amended by notification number 23/2003-CUSTOMS (NT) dated 11th March, 2003.
directs that the provisions of the said Act, specified in column (1) of Schedule III annexed to the notification of the Government of India, in the erstwhile Department of Company Law Administration number G.S.R. 978 dated the 28th May, 1963 shall not apply and/or, as the case may be, shall apply with the exceptions, modifications and adaptations specified in the corresponding entry in column
Apart from duty drawback, exporters also have other schemes for claiming the relief of input stage duties of Central Excise through rebate under Rule 18 of the Central Excise Rules, 2002 or Cenvat Facility under the Cenvat Credit Rules, 2002. It is clarified here that if the input stage duties have been rebated through the instrumentality of any of these schemes, then simultaneous relief under Drawback scheme shall not be admissible.
One of the common feature of all these notifications is that import under the aforesaid two credit certificate schemes and import/export under the new EPCG Scheme has been permitted only through places which are notified in these notifications.
I am directed to refer to representations received from domestic courier companies and field formations of Customs to allow the movement of domestic couriers bags on domestic segment of international flights.
The Public Notice announces updates to Standard Input Output Norms for engineering and plastic products, with detailed amendments and additions.
I am directed to invite your attention to the Board’s Circular No. 28/2003-Cus, dated 24.5.2003, on the above mentioned subject. It was clarified that collection of tax revenues is governed by Central Government Accounts (Receipt & Payment) Rules , 1983, and as per the rule 20 of the same , government dues shall be deemed to have been paid in the case of cheques and drafts tendered to the bank on the date on which it is cleared and entered into the receipts scroll.
I am directed to say that the Board has decided to review the Power of Adjudication of the Central Excise officers and the monetary limit prescribed under Section 33 and Section 11A of the Central Excise Act, 1944 with the objective of expeditious adjudication of cases. For this purpose, the Board has decided to prescribe the uniform monetary limit to different categories of officers for the purpose of deciding the competence of adjudication of cases without differentiating whether or not cases involve fraud
I am directed to refer to notification No. 13/2003-CE(NT) dated 1.3.2003 vide which CENVAT Credit Rules, 2002 were amended inter alia to provide for utilization of credit of Additional Duty of Excise leviable under Additional Excise Duty (Goods of Special Importance) Act, 1957{AED(GSI)} for payment of CENVAT duty. Subsequently, Board had issued a circular No. 700/16/2003-CX dated 6thMarch, 2003
