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Archive: 2003

Posts in 2003

FEM Transfer or Issue of Security by a Person Resident outside India (2nd Amendment) Regulations, 2003

June 18, 2003 1330 Views 0 comment Print

In the Foreign Exchange Management( Transfer or Issue of Security by a person Resident outside India) Regulations, 2000, In Regulation 2, after item (vii), the following item shall be inserted, namely:- (vii) (a) ‘ Non-resident Indian (NRI) shall have the meaning assigned to it in clause (iv) of Regulation 2 of the Foreign Exchange Management (Investment in Firm or Proprietary Concern in India) Regulations, 2000.’ in item (viii), the words ‘ Non-resident Indian (NRI)’ shall be deleted;

SEBI : Refund of base minimum capital

June 18, 2003 499 Views 0 comment Print

to bring the provisions of this circular to the notice of the member brokers/clearing members of the Exchange and also to disseminate the same on the website.

Implementation of New Revised 8 digit HS Codes in exports documents and export DTRs to be transmitted to DGCI&S, Kolkata-reg

June 18, 2003 1123 Views 0 comment Print

The field formations should also ensure that the measurements (weight, volume, length or area) both in the Bill of Entry & Shipping Bill are also indicated in the unit of measurement mentioned in the 8 digit import Tariff Schedule. In addition to this, the parties can continue to use the units of measurement as per their terms of sale or purchase.

Notification No. 56/2003-Central Excise (N.T.), Dated: 17.06.2003

June 17, 2003 541 Views 0 comment Print

notification No. 42/2001-Central Excise (N.T.) dated the 26th June, 2001 was published vide G.S.R. 471 (E), dated the 26th June, 2001 and was last amended vide notification No.45/2003-Central Excise (N.T.) dated 14th May, 2003[G.S.R. 407 (E), dated the 14th May, 2003].

Rescinds the notification No. 78/2002-Customs, dated: 13.08.2002

June 17, 2003 349 Views 0 comment Print

In exercise of powers conferred by sub-section (2) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rule 13 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 hereby rescinds the notification of the Government of India in the erstwhile Ministry of Finance and Company Affairs (Department of Revenue), No. 78/2002-Customs, dated the 13th August, 2002, published in Part II, Section 3, Sub-section (i) of the Gazette of India, Extraordinary, dated the 13th August, 2002 vide No. G.S.R. 556(E), dated the 13th August, 2002, except as respects things done or omitted to be done before such rescission.

Exempts cars for physically handicapped persons

June 17, 2003 625 Views 0 comment Print

his exemption shall be subject to the conditions that an officer not below the rank of the Deputy Secretary to the Government of India in the Department of Heavy Industries, certifies that the said goods are capable of being used by the physically handicapped persons, and the buyer of the car gives an affidavit that he shall not dispose of the car for a period of five years after its purchase.

Notification No. 52/2003-Central Excise; Dated: 17.06.2003

June 17, 2003 724 Views 0 comment Print

The principal notification No. 6/2002-Central Excise, dated the 1st March, 2002 was published in the Gazette of India vide number G.S.R. 127 (E), dated the 1st March, 2002 and was last amended vide notification No. 48/2003-Central Excise, dated 29th May, 2003, number G.S.R. 443 (E), dated the 29th May.

Export obligation fulfilment criteria in the case of bonding of an EPCG licence holder under the EOU scheme

June 16, 2003 949 Views 0 comment Print

The meeting of the Policy Review Committee on 18th August, 1999 had decided that in the case of a bonding of an EPCG licence holder under the Export Oriented Unit (EOU) scheme wherein the EPCG licence was issued on or after 5th June, 1995 , the Bank Guarantee ( BG) executed under the EPCG scheme would be redeemed only if the EPCG licence holder executed an Legal Undertaking (LUT) with the Development Commissioner of the EOU and there was no liability under the EPCG scheme under the blockwise period criteria of export obligation fulfilment.

Clarification regarding the admissibility of DEPB against the export of some products under the Product Group:Engineering

June 13, 2003 373 Views 0 comment Print

Consequently the last sentence thereof, namely , “Therefore in all such cases where exports of “MS Galvanized Sheets/Strips” have been cleared for DEPB benefit under the entry at Sl.No. 91 or the DEPB benefit has been granted against the entry at Sl.No. 91 consequent remedial action should be initiated immediately, shall be deleted.

Public Notice No. 13 /2002-07, Dated: 13.06.2003

June 13, 2003 475 Views 0 comment Print

Public Notice updates DEPB rates and product details, including steel hinges, automobile locks, and more, effective from 1st April 2003.

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