Export of pulses against Letters of Credit opened after 22.6.2006 not allowed under transitional arrangements of Foreign Trade Policy 2004-2009.
The above amendment shall remain in force till the end of the current financial year (i.e. 31.3.2007). Further the transitional arrangements notified under para 1.5 of the Foreign Trade Policy ,2006 shall not be applicable for export of sugar against irrevocable Letters of Credit opened on or after 22.6.2006 as the decision of the Government prohibiting the export of sugar was announced and got widely publicised on 22.6.2006 in the electronic and print media.
I am directed to say that the scope of levy of service tax on “banking and other financial services” defined under section 65(12) of the Finance Act, 1994 and classifiable as taxable service under section 65(105)(zm) of the Finance Act, 1994 has been examined in the context of certain services provided by the Department of Posts
In exercise of the powers conferred by clause (a) of sub-section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance, Department of Revenue number S.O. 828 (E), dated 21st November, 1994.
The matter was re-examined and it has been decided that in all such cases where the Settlement Commission has given a decision prior to 1.4.2005, the same should also be dealt by the Regional Authorities concerned at par with the cases relating to the period on or after 1.4.2005.
Consolidated statement or individual statements (bank/authorised dealer wise) of services rendered as given in sub section XV duly certified by a Chartered Accountant as per format given in Appendix 26A and bank/authorised dealer evidencing foreign exchange earning received through normal banking channel.
Export Products, covered under Standard Input Output Norms and for which no specific DEEB rates have been notified, packed in any packaging material.
Government extends the effect of Notification No. 15/2006 under Foreign Trade Policy 2004-2009 until 31 March 2007, replacing earlier six-month validity.
I am directed to refer to Board’s Circular No. 581/18/2001-CX dated 29th June, 2001 which interalia, specifies conditions, procedures, class of exporters and places under sub- rule (2) of rule 20 of Central Excise Rules, 2002 for warehousing of excisable goods for the purpose of export. In paragraph 2(2) of the said Circular, the Board has specified places where warehouses may be established.
for the purpose of adjudicating the matters relating to show cause notice pertaining to M/s Elegant Industries, 205, Aradhna Bhawan, 2nd floor, Azadpur Commercial Complex, Delhi and M/s Elegant International at 301, Nikita Tower-II, Azadpur Commercial Complex, Delhi and Others.
