All the Foreign Institutional Investors who do not deal in / issue Offshore Derivative Instrument against underlying Indian Securities shall submit a ‘Nil-Report’ as per Circular IMD/CUST/8/2003 dated August 8, 2003.
(iii) The applicant has the necessary infrastructure like adequate office space, equipment and manpower to effectively discharge his activities
In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs (Preventive),Jamnagar to act as Commissioner of Customs, Ahmedabad for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s. RSI Limited, 1, Bishop Lefroy Road, Calcutta issued vide F.No . VIII/10-119/COMMR/2000, dated 24th October, 2001 by the Commissioner of Customs, Ahmedabad.
I am directed to refer to the notifications 69/2003-CE (NT) to 73/2003-CE (NT) all dated 15th September, 2003 on the subject cited above and to say that as a measure towards simplification of indirect tax procedures with the objective of reducing the complexities and the transaction cost, the monthly/ quarterly returns to be filed by the manufacturer of excisable goods have been reduced to a unified , single and a simplified one page return.
Attention is invited to Board’s Circular No.710/26/2003-CX dated 23rd April 2002 issued from F.No.390/198(M-2)/2002-JC wherein field formations were sensitized on the need to remove the deficiencies and inadequacies in the manner of filing departmental Appeals. As you are aware, an Expert Group under the Chairmanship Shri R.K. Tiwari, Chief Commissioner of Customs & Central Excise,
Circular No. 8/2003-Income Tax Finance Act, 2003 has amended section 206 of the Income-tax Act, 1961 with a view to provide for mandatory filing of returns relating to tax deduction at source by principal officers of companies responsible for deducting tax on computer media. For this purpose, the Board has been empowered to notify an appropriate scheme in the Official Gazette
The principal notification was published in the Gazette of India vide G.S.R.276(E), dated the 1st April, 2003 and was last amended vide notification No.42/2003-Cus.(N.T.) dated the 25thJune, 2003, published in the Gazette of India (Extraordinary), vide G.S.R. No.514(E) dated the 25th June, 2003.
An exporter exports a complete bus. The Chassis portion of the bus has been manufactured by using various parts, components, compressor for air-conditioner. The details as regards the duty incidence suffered on various inputs is provided in DBK-II and IIA supported by duty paying bills of entry.
Notification S.O. 1073(E) dated 18/09/2003 announces the constitution of the National Advisory Committee on Accounting Standards under Section 210A of the Companies Act.
However, in case of Advance Licences for drugs, which have been issued against a specific export order and with pre-import condition the period of fulfillment of export obligation shall commence from the date of import of the first consignment and shall be fulfilled within a period of 6 months.
