In exercise of the powers conferred by section 76 A of the Customs Act, 1962 (52 of 1962), the Central Government hereby specifies the Nokia Telecom SEZ measuring 85.375 hectares, at Sriperumbudur in the State of Tamil Nadu as a “special economic zone”, subject to the condition that the total area of the special economic zone shall be increased to not less than hundred hectares within a period of two years from the date of publication of this notification in the Official Gazette.
For the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s Siddhi Vinayak Enterprises, 27/168, Vikram Vihar, New Delhi, M/s Sheetla Enterprises, B-43, Lajpat Nagar-I, New Delhi and Others, issued vide F.No.DRI/23/60/2005/DZU-Pt., dated the 17th November, 2005, by the Additional Director General, Directorate of Revenue Intelligence, Delhi Zonal Unit, B-4, 6th Floor, Paryavaran Bhawan, CGO Complex, New Delhi.
Public Notice 73 (RE-2005) corrects the Handbook of Procedures (Vol. 1) by updating Annexure II to Appendix V to include Hodaideh, Yemen.
The matter has been considered. In this connection, attention is drawn to provision contained in para 8.5 of FTP in terms of which deemed export benefits are available both at the input stage as well as terminal stage. The supplies are eligible for deemed export drawback in terms of para 8.3 of the policy on the central excise/customs duty paid on inputs/components and also eligible for refund of terminal excise duty paid on the finished goods provided the recipient of the goods does not avail CENVAT credit/rebate on such goods.
Clarification has been sought whether the Duty Free Entitlement Certificate for Status holders and Target Plus Scheme are admissible to DTA Units supplying goods to SEZ Units. It is clarified that supplies from DTA to SEZ are eligible for benefits under DFEC and Target Plus Scheme subject to the conditions specified in para 7.1 (b) of Foreign Trade Policy provided the payments are realized in free foreign exchange.
this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of account are maintained in respect of such business
he assessee will apply its income or accumulate for application wholly and exclusively to the objects for which it is established.
For the financial year 2005-06, the last date for submission of application forms alongwith the required / prescribed documents has been extended to 12th December, 2005.
It is hereby clarified that the policy of Air conditioners containing HCFC – 22 only is under review. Air Conditioners which do not contain ODS substances will be allowed to be imported freely both under EPCG Scheme and under normal imports.
Looking at the considerable success in expeditious disposal of Section 48 unclaimed cargo as a result of the interim special initiatives taken by government vide Circulars dated 17.10.1997, 13.01.2000, and 28.01.2004, the Task Force viewed that the procedure laid down in the Ministry’s last Circular No. 7/2004 dated 28.01.2004 should be put in place as a permanent measure with some modifications.
