The principal notification No. 33/2003-Central Excise, dated 4-4-2003 was published in the Gazette of India, vide number G.S.R 319 (E), dated the 4th April, 2003
In exercise of the powers conferred by section 126 of the Finance Act, 2002 (20 of 2002), the Central Government hereby appoints the 15th day of August, 2003, as the date on which Chapter XA as proposed by the said section 126 shall be inserted in the Customs Act, 1962.
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), 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
However, of late, instances have been noticed where the Indian exporters are paying agency commission much higher than the above limit, which in some cases has exceeded even 50% of the f.o.b. value. Doubts have arisen in the minds of the field officers whether in the wake of Circular No. 12, dated 9.9.2000, issued by the RBI, the limit of 12.5% of the f.o.b. value regarding payment of agency commission is superseded.
Now, therefore, in exercise of the powers conferred by sub-section (2) of section 9A of the said Customs Tariff Act, read with rules 13 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government, on the basis of the aforesaid findings of the designated authority
These instructions may be brought to the notice of all concerned by way of issuance of suitable Public Notice/Standing Order. Difficulties, if any, in implementation of the Circular may be brought to the notice of the Board at an early date.
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. 95/2003-Customs, dated the 24th June, 2003.
In exercise of the powers conferred by sub-section (4) of section 205C of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following further amendment in the notification of the Government of India, erstwhile Ministry of Law, Justice and Company Affairs
A consignment / lot is considered to be undersized if it contains the following species any piece of which has a weight less than that specified below against the species or has been processed out of or obtained from individual pieces of the following species weighing less than the minimum weight against the species.
(1) These regulations may be called the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Markets) Regulations, 2003. (2) They shall come into force on the date of their publication in the Official Gazette.
