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Archive: September, 2007

Posts in September, 2007

Circular No. 855/13/2007-Central Excise, Dated: 11.09.2007

September 11, 2007 2377 Views 0 comment Print

Attention is invited to Circular No. 53/88-CX-6 dated 12.07.1998 wherein a revised abstract of XT-I diary was circulated. Over the years, the Central Excise laws and procedures have undergone several changes, and a need was felt to revise the format of the XT-I Diary. The revised XT-I contains important work carried out during a month and it does not require reporting of daily functioning as was being done in present XT-I format.

Tariff concessions on specified items under Indo-Chile Preferential Trading Agreement

September 11, 2007 1048 Views 0 comment Print

For the purposes of this notification, “applied rate of duty” means the standard rate of duty specified in the First Schedule to the said Customs Tariff Act, 1975 in respect of the goods specified in the said Table, read with any other notification for the time being in force, issued in respect of such goods under sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962).

SEBI : Circular on acceptance of Foreign Sovereign Securities as collateral from Foreign Institutional Investors (FIIs) for Exchange Traded Derivative Transactions

September 11, 2007 472 Views 0 comment Print

The clearing corporation shall take adequate care to ensure that the sovereign securities accepted by it as margin are tendered under a mechanism which does not unduly hinder timely liquidation in the event of default by the clearing member.

Modifies Notification No.45/2005-Customs, Dated: 16.05.2005

September 11, 2007 490 Views 0 comment Print

In exercise of the powers conferred by section 28A of the said Customs Act, the Central Government hereby directs that the whole of the additional duty of Customs under sub-section (5) of section 3 of the said Customs Tariff Act, payable on such goods, but for the said practice, shall not be required to be paid in respect of such goods on which the said additional duty of Customs was not levied during the period aforesaid, in accordance with the said practice.

Classification of Digital LCD / Flat Panel Monitor-Admissibility of Notification benefits-reg

September 10, 2007 2443 Views 0 comment Print

Accordingly the technical features distinguishing the computer monitors from the other types of Television/video monitors are enclosed. These could be used by the officers of the field formation as guidance for assessment, examination of the said goods for determining its proper classification and extension of the notification benefit.

Classification of Digital Still Image Video Camera-Admissibility of Notification benefits-reg

September 10, 2007 3151 Views 1 comment Print

It is accordingly clarified that the benefit of entry at Sl. No. 314 of notification No.21/2002-Cus. as well as Sl.No.13 of Notification 25/2005-Customs dated 1.3.2005 would be available to ‘digital cameras’ with still image recording as its principal function. This would also include those digital cameras that have the capability of recording moving images for a limited period of time.

Recycle Bin for Tally 7.2 and Tally 9

September 10, 2007 2138 Views 0 comment Print

Recycle Bin for Tally 7.2 and Tally 9 Enables you to retrieve Voucher entries that you may have accidentally deleted in Tally. It is similar to the Windows recycle-bin and works with Tally 7.2 and Tally 9. The ZIP file contains a readme.txt file which contains steps for configuring Tally.ini in order to use RBIN.TCP file.

Notification No. 33/2007-Central Excise (N.T.); dated: 07.09.2007

September 7, 2007 1216 Views 0 comment Print

The principal rules were published in the Gazette of India, Extraordinary vide notification No. 23/2004-Central Excise (N.T.), dated the 10th September, 2004, vide GSR 600 (E), dated the 10th September 2004, and were last amended vide notification No.32/2007-Central Excise (N.T.), dated the 3rd August, 2007, vide G.S.R.534 (E), dated the 3rd August, 2007.

Notification No. 28 (RE-2007)/2004-2009, Dated: 07.09.2007

September 7, 2007 382 Views 0 comment Print

In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No.22 of 1992) read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009 (as amended from time to time), the Central Government hereby makes following amendment in the Paragraph 3 of Notification No.15(RE-2006)/2004-2009 dated 27.06.2006 (as amended).

Circular No. 854/12/2007-Central Excise, Dated: 07.09.2007

September 7, 2007 733 Views 0 comment Print

In exercise of the powers conferred under Rule 31 of the Central Excise Rules, 2002, the Central Board of Excise and Customs, hereby, issues following instructions for the assessees manufacturing Pan Masala, Gutkha and Chewing Tobacco.

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