In exercise of the powers conferred by rule 3, read with rule 4 of the Customs and Central Excise Duties Drawback Rules, 1995 (hereinafter referred to as the said rules), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the notification of the Government of India in the erstwhile Ministry of Finance and Company Affairs (Department of Revenue), number 26/2003-Customs(N.T.), dated the 1st April, 2003, namely.
An illustrative list of possible violations is enclosed for your reference. Exchanges shall be required to cover these areas in detail during their inspection of stock brokers. Exchanges are advised to note that their inspections shall not be limited necessarily to areas listed in the list but also cover any additional areas where the exchanges may deem fit.
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.36/2003-NT-Customs, dated the 27th May, 2003.
You are advised to bring to the notice of all members that those members who have failed to comply with the 50% facility by March 31, 2003 and for whom collection of fees has not been stayed by any Court of law.
ndustrial units existing before the 23rd day of December, 2002, but which have undertaken substantial expansion by way of increase in installed capacity by not less than twenty five per cent on or after 23rd day of December, 2002.
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.35/2003-NT-Customs, dated the 27th May, 2003.
)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 June 2003.
Feedback has been received from the field formations that these entries are being misused by the unscrupulous exporters who are manipulating the description of the goods to derive undue higher benefits which are not intended by the Government. Therefore, in the interest of the revenue, it has been decided to delete these entries from the Duty Drawback Schedule, 2003-2004 with effect from 1st July, 2003. A notification no.42/2003-Customs (N.T.) has been issued. Thenceforth, the exporters can avail of the facility of brand rate of duty drawback in terms of rule 6 of the Customs and Central Excise Duties Drawback Rules, 1995.
Suitable public notices for information of the Trade and standing orders for guidance of the staff may kindly be issued accordingly.
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. 87/2003-Customs, dated the 28th May, 2003.
