I am directed to say that as you are aware that taxation of services was started in July, 1994 in a limited way with three services and since then the scope has been extended considerably. At present, 58 services are subjected to levy of Service Tax. The revenue from Service Tax sector has also been growing appreciably over the time.
I am directed to refer to Board’s circular No. 736/52/2003-CX dated 11.08.2003 on the above mentioned subject in which the facility of self-sealing and self- certification of export goods has been extended to all categories of manufacturer-exporters subject to fulfillment of procedure prescribed therein. Consequent to issuance of this circular,
In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the regulations to amend the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996, namely:-
It may be noted that if the fine and penalty are not imposed in such a way so as to act as a deterrent, the whole purpose of imposing restrictions on such machines under the EXIM Policy, would be defeated.
The Principal notification was published in the Gazette of India, Extraordinary, vide notification No. 36/2001- CUS (N.T.), dated, the 3rd August, 2001.
The DGFT clarifies guidelines for importing crude palm stearin, allowing actual users to process it in their plants while maintaining existing conditions from previous notices.
The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 21/2002-Customs, dated the 1st March, 2002 [G.S.R. 118(E), dated the 1st March, 2002] and was last amended vide notification No. 120/2003- Customs, dated the 1st August, 2003.
I am directed to draw your attention to Board’s circulars No. 591/28/2001-CX dated 16.10.2001 and No. 654/45/2002-CX dated 19.8.2002 wherein it has been, inter alia , stated that if a manufacturer does not fulfill the requirements of either sub-rule(2) [i.e. maintaining separate accounts] or sub-rule (3) [i.e. paying 8% of the price of the exempted goods other than the exceptions specified in clause(a)] of rule 6 of CENVAT Credit Rules,2002
In terms of notification No.296/76-Cus. dated 2.8.1976, vehicles can be temporarily imported into India for a period of six months without payment of customs duty against a valid Carnet-de-passage issued by a member of an Automobile Club or Association belonging to the Federation of Alliance Internationale De Tourisme. This period can be further extended for another period of six months.
Requests have been made by some recipient organisations to specify persons/institutions other than State Governments to issue certificates for the purposes of the said notification and the Bilateral agreement.
