Circular No. 552/48/2000-C It is directed to say that while examining reports received from all the Commissioners in response to PAC”s Advance Questionnaire on Audit Para 2.5/97-98, relating to steps taken for recovery of confirmed demands, it is observed that the powers acquired for attachment and sale of defaulters property under the Customs (Attachment of Property of Defaulters for recovery of Government dues) rules, 1995, as made applicable to the Central Excise
The Board has examined the issue and decided that, ‘though our civil appeal in the case of Paramount Medicos, on similar issue was dismissed the order was a one line order of dismissal. We would have to take a chance and impress upon the Court that in the circumstances of such cases, limitation for violation of conditions, would start, from the last date of violation, preceding the initiation
In the statement of Standard Input Output Norms as contained in the Handbook of Procedures, Vol.2, 1997-2002, as amended, amendments/ corrections at appropriate places as mentioned in Annexure “A” to this Public Notice shall be made.
Attention is invited to paragraph 7.43 of Hand Book of Procedure (Vol. I}RE-2000) under which the Licencing Authority has to ensure that while issuing the DEPB, the Shipping Bill No. and date. FOB Value in Indian Rupee as per Shipping Bills and description of the Export Product are endorsed on the DEPB,. Some representations have been received in this office in which the exporters have stated that in case of exports made to neighboring countries through Land Custom Stations, shipping bills are substituted by the bill of exports. On a careful examination of this issue , it is felt that the non -inclusion of bill of export in the context.
His Majesty”s Government of Nepal has issued a Gazette Notification on June 26, 2000, making the possession of Rs. 500-denomination Indian currency notes in Nepal an offence under Section 5 of Foreign Exchange (Regulation) Act, 2019 (BS) (1962). According to clause (a) of the said Notification, Indian currency notes of Rs. 500-denomination are not permitted anywhere in the
regarding valuation of securities and provisioning of NPAs. As requested by Association of Mutual Funds in India (AMFI) vide their letter dated 29.09.2000 and accepted by us, the guidelines would become effective
Notification No. 2119-Income Tax It is notified for general information that Metropolitan Infrastructure Development Corporation Ltd., Chennai, has been approved by the Central Government as a Corporation engaged for providing long-term finance for infrastructure development in the country for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment year 1997-1998.
The domestic manufacturer may also replenish the inputs including components after supply of capital goods the EPCG licence holders. The export obligation relating to the EPCG licence shall be reckoned with reference to the CIF value of the licence actually utilized.
In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944) the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance
The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 64/95-C.E. dated 16th March, 1995 [G.S.R. 256(E), dated the 16th March, 1995] and was last amended by notification No. 46/2000-Central Excise, dated the 28th August, 2000[G.S.R.680(E), dated the 28th August, 2000.
