In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 read with paragraph 1.3 of the Foreign Trade Policy (FTP), 2004-2009, as amended, the Central Government hereby makes the following amendments in FTP, 2004-2009 (Updated as on 19.4.2007).
In the present day scenario, looking at the high rate of attrition, it has become very necessary for the employers to provide various incentives to their employees in order to retain their services. One of such incentives is provision of pension to the employee after his retirement from service. In this context, it must be clearly understood that a grant of pension on retirement to employees,
The principal notification No.6/2006-Central Excise dated the 1st March, 2006, was published in the Gazette of India, Extraordinary, vide number G.S.R. 96(E), dated the 1st March, 2006 and was last amended vide notification No. 28/2007-Central Excise, dated the 15th June, 2007 which was published in the Gazette of India, Extraordinary, vide number G.S.R. 432(E), dated the 15th June, 2007.
We have been receiving queries from authorised dealers whether such undertaking and certificate should be obtained in all cases of remittances in foreign currency to non-residents including remittances for trade payments.
In exercise of the powers conferred by sub-section (2) of Section 14 of the Customs Act, 1962, (52 of 1962), the Board, being satisfied that it is necessary and expedient so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.36/2001-Cus (N.T.), dated, the 3rd August 2001, namely.
Authorisation holder shall produce to concerned RA a certificate from Jurisdictional Central Excise authority or an independent Chartered Engineer (CEC) confirming installation of Capital goods at factory premises of authorization holder or his supporting manufacturer(s)/ vendor(s) within six months from date of completion of import. In the case of import of spares, the installation certificate shall be submitted by the importer within a period of three years from the date of import.
In Column No. 5 of BRC in Appendix 22A, the heading “Description of goods as given in the Customs Authenticated Shipping Bill” stands replaced by “Description of goods as given in the Customs Authenticated Shipping Bill and the Commercial Invoice/Packing List.
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-2009, the Director General of Foreign Trade hereby makes following further amendments in Public Notice No.5 dated 17.5.2007.
A suitable Public Notice for information of the Trade and Standing Order for guidance of the staff may be issued. Difficulties faced, if any in implementation of the changes may be brought to the notice of the Board at once.
New system of import from registered sources will come into effect from 1.4.2008. However, in cases where Bill of Lading is dated 31.03.2008 or before, imports will be allowed on the basis of Pre-Shipment Inspection regime in terms of Para 2.32 of the HBP v1, notified vide Public Notice No.1 dated 08.04.2005 and as amended from time to time, till new system of import from registered sources comes into effect. List of Pre-Shipment Agencies notified under earlier regime is available on DGFT web site.
