In exercise of the powers conferred by 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.45/2008 (NT)-CUSTOMS, dated the 28th May, 2008 vide number S.O. 1245(E), dated the 28th May, 2008
The matter has been examined in the Board. For the purpose of ensuring uniformity in practice and also to prevent misuse of the facility, the aforesaid instructions issued vide Board’s Circular No.68/95-CUS., dated 15.06.1995 and Circular No.132/95-CUS., dated 22.12.1995 regarding entrusting the specified functions to the Commissioners are being reiterated. However, it is clarified that in case of 100% EOUs, the licensing u/s 58 and grant of permission for in-bond manufacturing facility u/s 65 of the Customs Act, 1962 shall continue to be considered and decided by Assistant Commissioner of Customs or Deputy Commissioner of Customs.
In exercise of powers conferred under paragraph 2.4 of Foreign Trade Policy, 2004-09, as amended from the time to time, the Director General of Foreign Trade hereby extends the validity of the Public Notice No.95 (RE-2005)/2004-2009, dated the 30th March, 2006.
In exercise of powers conferred under paragraph 2.4 of Foreign Trade Policy, 2004-09, as amended from the time to time, the Director General of Foreign Trade hereby extends the validity of the Public Notice No.38 (RE-2006)/2004-2009, dated the 31.07.2006, for export of “Sandalwood Oil” till 31.12.2008.
The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 485(E), dated the 16th July, 2007 and was last amended by notification vide number G.S.R.770 (E), dated the 13th December, 2007.
I am directed to inform that the Board has decided not to file a review petition in the case of M/s Jayanti Food processing {Ref. 2007(215) ELT 327(S.C.) dated 22.08.07}.In this case, the Supreme Court has pronounced on the applicability of SWM (PC) Rules, 1977 in the context of assessment under section 4 or section 4A.
It is clarified that the said circular shall not apply to term deposits placed as margins for trading in cash and derivatives market.
Corrigendum to Securities and Exchange Board of India (Intermediaries) Regulations, 2008 and Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008
In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, hereby appoints the Commissioner of Customs, (Import), Jawaharlal Nehru Custom House, Nhava Sheva, Mumbai to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on the Commissioner of Customs, (Preventive), Custom House, Central Revenue Building, The Mall, Amritsar, for the purpose of adjudicating the matters relating to show cause notice pertaining to M/s Shri Ram Agro Chemical Private, Limited, Tohana, District-Fatehabad, Haryana-125120, issued vide DRI F.No. 23/15/06-DZU/2963-2971 dated the 17th May, 2007 by the Additional Director General, Directorate General of Revenue Intelligence, Delhi Zonal Unit, Delhi.
for the purpose of adjudicating the matters relating to show cause notice pertaining to M/s NICO Extrusion Private Limited, Survey No 678/1/3, Plot No 4, Bhilad-Silvassa Main Road, Naroli, Silvassa, Dadar and Nagar Haveli (U.T.) and others issued vide, F.No. DRI/SRU/INV-15/2006, dated the 31st March, 2008, by the Additional Director General, Directorate of Revenue Intelligence, Ahmedabad Zonal Unit, Ahmedabad.
