To invoke such bank guarantees before it expires, if any issuer company fails to satisfy the shortfall in the deposit amount either by cash or by fresh/renewed bank guarantees, within the time frame given in this regard, inspite of the said advise from the stock exchange.
Circular No. 10 of 2008-Income Tax Representations have been received from various quarters regarding problems being faced by the seafood exporters mainly on account of provisions of Section 40A (3) of the Income-tax Act, 1961.
Vide Notification No. 64 (RE- 2008) dated 24.11.2008, import of items classified under Exim Code 54024400Elastomeric, 5402 47 00 — Other, of polyesters have been restricted. Reports have been received in this Office that these restricted items are being mis-declared and imported freely.
In exercise of the powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) and also read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby makes the following amendments to Notification No.93(RE-2007)/2004-2009 dated 1st April, 2008 read with Notification No. 37 (RE-2008)/2004-09 dated 3rd September, 2008 and Notification No. 38 (RE-2008)/2004-2008 dated 5th September, 2008, Notification No. 39 dated 16th September, 2008, Notification No.55 (RE-2008)/2004-09 dated 5th November, 2008.
The principal rules were notified vide notification No.23/2004-Central Excise(N.T.), dated the 10th September, 2004 and were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.600(E) of the same date and were last amended by notification No.35/2008-Central Excise(N.T.), dated the 24th September, 2008 that was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.677(E) of the same date.
In exercise of powers conferred under Section 37B of the Central Excise Act,1944, Central Board of Excise and Customs considers it necessary, for the purposes of uniformity with respect to levy of excise duty on items like bura, makhana, mishri, hardas and battasas (patashas), and for classification of such goods, to issue the following instructions.
The principal notification No. 3/2005-Central Excise, dated the 24th February, 2005 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 95(E) of the same date and was last amended vide notification No.29/2008-Central Excise, dated the 28th May, 2008 which was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 410(E) of the same date.
