A large number of exporters and export promotion councils have brought to thenotice of the Board that. there is considerable delay in verification of DEPB scrips at the Custom Houses. This issue has also been brought up repeatedly in all the Open Houses wherein the exporters have expressed their resentment regarding such delay and the require«ent to produce all the necessary documents required
The issue of detection of export frauds has continuously engaged the attention of the Board. Recently, ICD, Tughlakabad has detected large number of cases of which the illustrative ones have been reported to the Board vide Commissioner, ICD, Delhi”s D.0. letter C.No.VIII(ICD)6/TKD/E.Shed/Misc./720/2000/22l46 16th November,2000. On this letter. Chairman, CBEC has observed as under
The SEBI Board had considered the proposal of offering securities in public issues through the stock exchange mechanism and after considering the advantages of the system, approved the proposal.
In the All Industry Rates Drawback Table, the drawback rates for the man-made fabrics falling under Chapters 54, 55 and 58 of the said Table, have been determined by taking into consideration the duty suffered on the inputs, i.e., yarn. dyes, chemicals and packing materials. While formulating these rates, the Central Excise duty payable at the processing stage of the manufacture of these fabrics
I am directed to refer to the subject mentioned above and to say that a reference in this regard has been made to Board stating that Custom authorities are insisting on furnishing of Bank Guarantees for import of goods by importers who have signed a Production Sharing Contract (PSC) with the Government of India, on re-export basis under para 5.7(a) of EXIM Policy. A request has been made
Notification No. 2669-Income Tax In the notification No. 11478, dated 7th September, 2000, issued from the file of even number, in the third line of paragraph 1, the words “Sarbamangala Trust Board, Burdwan”, be substituted by the words “Sri Sri Sarbamangala Trust Board, Burdwan”. All other contents of the notification shall remain unchanged.
Notification No. 1062(E)-Income Tax directs that the Chief Commissioners specified in column (2) of the Schedule hereto annexed, having their headquarters at the places specified in the corresponding entries in column (3) of the said Schedule, shall exercise their powers and perform their functions in respect of such territorial areas or of such persons or classes of persons
Notification No. 11564-Income Tax In the Notification No. 11478 dated 7th September, 2000 [published at (2000) 162 CTR (St) 57] issued from the file of even number, in the third line of paragraph 1, the words “Sarbamangala Trust Board, Burdwan” be substituted by the words “Sri Sri Sarbamangala Trust Board Burdwan.” All other contents of the notification shall remain unchanged.
Representations have been received from the trade that the field formations are not permitting drawback to the exports of certain Artistic Handicrafts /Artwares of Brass like, Lamps/Lamp Base( without electrical fittings ) under SS No 74.20 and SS No 74.21 of the Drawback Table on the ground that no corresponding Customs Tariff Headings have been mentioned against these SS Nos
The matter has been examined in the Board. It may be mentioned that the drawback rate for Brass Builder Hardware, is intended to compensate the duties suffered on the input, i.e., brass. The rate has been determined accordingly and it is clarified that it is applicable to all items of Brass which qualify as Builder Hardware. It is for this reason, no corresponding Customs Tariff Heading has been
