I am directed to refer to Board’s Circular No. 10/2002-Customs dated 4th February, 2002 on the above mentioned subject, which advised provisional assessment of import of UPSS under heading 85.04 by taking a simple bond.
In exercise of the powers conferred by sub-regulation (1) of regulation 4 of the Securities and Exchange Board of India (Central Database of Market Participants) Regulations, 2003 (hereinafter referred to as the said regulations) and having taken into consideration the factors mentioned in regulation 14, the Board hereby specify
Kind attention is invited to Department of Revenue Circular No.12/2003, dated 25th February, 2003 under which names of various fictitious/non-existent companies reported by Commissioner of Customs(Preventive), New Delhi were circulated reporting that these companies were trying to avail duty drawback by showing export. Names of 27 companies which had come to adverse notice of Commissioner of Customs( Preventive), New Delhi had also been enclosed with the circular.
The first HYR will be for the half year ended September 2003, which has to be submitted to SEBI by the FIIs through their custodians’ latest by December 15, 2003.
Provided further that Security Officer and Assistant Security Officer shall discharge only such powers of Superintendent (Customs) and Preventive Officer (Customs) respectively as are entrusted by the Deputy Commissioner of Customs or Assistant Commissioner of Customs, as the case may be.
The principal notification No. 15/2002-Customs( N.T.), dated the 7th March, 2002 was published in the Gazette of India, Extraordinary Part II, Section 3, sub-section (i), dated the 7th March under G.S.R.171(E) and was last amended vide notification No. 27/2003-Customs (N.T.), dated the 23rd April, 2003, published in the Gazette of India Extraordinary Part II, Section 3, sub-section (i), dated the 23rd April, 2003.
When the custodian makes a request for rendering of services of Customs officers beyond working hours, he will be required to pay only for the block periods for which the services were requisitioned irrespective of the number of importers/exporters documents handled during that period . The custodian , in turn , will, for administrative convenience, divide the amount equally amongst all the importers/exporters whose work was attended to during this period,irrespective of number of documents of each importer/exporter on the value or weight of the consignments.
DGFT updates Standard Input Output Norms with new, amended, and deleted entries for chemicals, electronics, and engineering products.
Kind attention is invited to the judgment of the Hon’ble Supreme Court in the case of Commissioner of Customs, Chennai vs. M/s. Yeses International [2001 (133) ELT 526 (SC)], on the above subject. As indicated in Para 6 of the said judgment, as regards the demurrage charges, counsel for the Department had stated that they cannot be included in the assessable value.
G.S.R.923(E). – In exercise of the powers conferred by proviso to sub-section (1) of section 79A of the Companies Act, 1956 (1 of 1956) read with sub-section (1) of section 642 of the said Act, the Central Government hereby makes the following rules, namely
