A clarification has been sought whether Kar Vivad Samadhan Scheme is applicable to various Export Promotion Scheme like Duty Exemption Scheme/ Pass Book Scheme/ EPCG Scheme. The matter has been examined in consultation with the Department of Revenue. It is hereby clarified that if the licence holder settles the custom dues under the Kar Vivad Samadhan Scheme, he can only be absolved of his liability in relation to the Customs Duty due and payable. The licence holder is also entitled for grant of immunity from prosecution under the provision the Customs Act, 1962.
This Directorate has been receiving representations from various quarters seeking clarifications as regards the Classification of certain specific items under the ITC(HS) Classifications of Export and Import Items, 1997-2002. Such requests for issue of appropriate clarifications etc. have been examined and based on the decision(s) arrived at by the committee set up for this purpose, the applicants have been suitably advised about the appropriate classification of such items under the ITC(HS) Exim Code. A list of the items where clarifications were given is given below for information of all concerned.
Circular No. 459/25/99-CX I am directed to draw your attention to the Notification No. 37/99-Central Excise (N.T.) dated 4th June, 1999 whereby rule 173C of the Central Excise Rules, 1944 have been amended to incorporate Sub-rule (2a) containing a provision for filing of “Declaration” by the Central Excise assessees who manufacture the excisable goods notified under Section4A of the Central Excise Act, 1944.
Attention is invited to the Board”s Circular Number 128/39/95 dated 25.05.1995 and Circular Number 280/114/96-Cx. dated 19.12.96 wherein it was stated that criteria for treating an item as “Handicraft” as laid down by the Hon”ble Supreme Court in case of CCEx. New Delhi V/s LouisShoppe and Anr.[1996(83) ELT 13(S()] may be kept in view
Notification No.S.O. 420(E) – Income Tax In exercise of the powers conferred by section 295, read with section 44AB of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely
APEDA will ensure that the overall ceiling earmarked for value added sugar in consumer pack upto 2 kgs shall not exceed the limit of 25,000MTs for the Current Licensing year 1999-2000 under any circumstances. As soon as the ceiling is exhausted, APEDA will report this fact to the M/O Commerce , EP(Agri.II ) Section as well as to this office.
It has been decided to release a ceiling of 1 million tons of wheat for export and also to allow export of wheat products without any quantitative ceiling during the Current Licensing year of 1999-2000 and place it at the disposal of APEDA who will allocate the ceiling as per procedure laid down by them.
In exercise of powers conferred by Section 5 of the Foreign Trade ( Development and Regulation) Act, 1992 (No. 22 of 1992) read with Paragraph 1.3 of the Export and Import Policy, 1997-2002 ( incorporating amendments made up to 31.3.1999), the Central Government hereby makes following amendments in the Export and Import Policy, 1997-2002.
The consignments accompanying a certificate for grade of raw silk of 2 A and above given by any foreign certifying agency, whether specified or not in the Licensing Note 3 above (inserted vide Notification No. 9 dated 19.5.99) may be treated as of grade 2A and above and permitted to be cleared on the strength of the said certificates without any reference to Central Silk Board(CSB).
Notification No.S. O. 410(E) – Income Tax In exercise of the powers conferred by section 295, read with sub-clause (iii) of clause (b) of sub-section (2) of section 80HHB of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules futher to amend the Income-tax Rules, 1962, namely
