F.No. 261/27/3/2002- Central Excise-8 Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Circular No.632/23/2002- Central Excise Subject: Storage of duty paid goods belonging to another manufacturer in a warehouse-clarification thereon. I am directed to refer to Board’s Circular No.579/16/2001-CX dated 26.6.2001 which inter alia provides for storage of […]
In this regard, it is hereby clarified that the condition on import of textile and textile articles as per the aforementioned notification, shall not be applicable on imports made by units operating under the conditions of section 65 of Customs Act, 1962. However, the condition regarding testing shall be made applicable if any consignment using the imported textile material is released for home consumption.
An application for Diamond Imprest licence for import of cut and polished diamonds including semi processed diamonds, half cut diamonds, broken in any form may be made to the licensing authority concerned as given in Appendix- 25 of the Handbook (Vol I), 2002-2007, in the form given in the Annexure to this Public Notice along with the documents prescribed therein. In addition, the exporter shall furnish.
The Government announces DEPB rates for export items under the 2002-07 policy, effective from 1st April 2002, as per Public Notice No. 2/2002-07.
In exercise of powers conferred under paragraph 2.4 of the Export and Import Policy, 2002-07, the Director General of Foreign Trade hereby notifies the Handbook of Procedures (Vol.1) as contained in Annexure to this Public Notice. This shall come into force from 1st April, 2002.
The Government notifies amendments to the ITC(HS) Classifications of Export and Import Items for 2002-2007, effective from 1st April 2002.
The Government of India notifies the Export and Import Policy 2002-07, effective from 1st April 2002, under the Foreign Trade (Development and Regulation) Act.
The mutual funds who desire to invest in foreign debt securities may apply in duplicate in the form enclosed herewith. SEBI would forward a copy of the form to the RBI for their approval as is the procedure in case of making investment in ADRs/GDRs issued by Indian companies.
Circular No.631/22/2002-CX I am directed to invite reference to Board’s Circular No. 614/5/2002-CX dated 31.1.2002 regarding denial of the benefit of Notification No. 8/97-CE dated 1.3.97(as amended) to the export oriented units using imported consumables. It has been brought to the notice of the Board that the field formations are denying the benefit of Notification No.8/97-CE to units using imported consumables with capital goods.
Rate of exchange applicable for the purposes of calculation of anti-dumping duty shall be the rate which is specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the said Customs Act, and the relevant date for determination of the rate of exchange shall be the date of presentation of the bill of entry under section 46 of the said Customs Act.
