CA, CS, CMA : A comprehensive review of significant developments across Income Tax, GST, Customs, DGFT, SEBI, MCA, IBBI, and RBI. The update hig...
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Circular No. 466/32/99-CX All instruction / clarifications would be issued by the board only through numbered circulars as hitherto. In case any clarification / instruction having relevance for all field formation is issued to a particular commissioner without being numbered, such cases should be referred back to the concerned section of the Board for issue of a numbered circular.
Circular No. 465/31/99-CX I am directed to say that the trade and industry has represented before the High Powered Committee on Transaction Costs, for certain modifications in the procedures, especially relating to exports which will ultimately ensure reduction in the transaction costs for the exporters.
Circular No. 464/30/99-CX This is with reference to manufacture of particle boards (plain and pre-laminated) made from sugarcane bagasse and other agricultural wastes. during the process of manufacture specially developed binders and mixed with the agricultural residues like dried sugarcane bagasse. These binder/resin/glues are specifically developed and made by the industry only for captive consumption and not for external sale.
Circular No. 463/29/99-CX Zafrani Zarda & Pan Masala Association of India has represented that their member units are engaged in manufacture of pan masala falling under chapter heading 21.06 and marketing in pouches of varous sizes, i.e. 2 gms, 4 gms., and 20 gms. The pouches are filled inby the automatic form fill and seal machines which are certified for weient by the competent authority under Section 37 of the Standards of Weights
Circular No. 462/28/99-CX I am directed to say that a doubt has arisen whether the rebate of central excise duty paid processed textiles fabrics notified under section 3A of the Central Excise Act, 1944 for the period 16.12.98 (the day processed fabrics were covered were covered under this levy based on capacity of production) and 15.2.99 (the preceding day to the date when notifications providing method of computation of rebate were issued) can be granted in respect of the goods removed from the factory of independent manufacturers and exported
Circular No. 461/27/99-CX Your attention is invited to Board”s earlier Circular No. 7/90-CX.3 dated 23.2.90 regarding Central Excise classification of products made out of combination of plastics and material other than textiles.
Circular No. 460/26/99-CX I am directed to say that the Standing Committee on Finance on Demands-for-Grants (1999-2000) of Ministry of Finance (Department of Revenue) in its Twenty First Report emphasized the need for evolving a multi-pronged strategy to check evasion of central excise duty.
In exercise of the powers conferred by sub-section (5) of section 32A of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby establishes the three additional Benches of the Customs and Central Excise Settlement Commission each at Mumbai, Chennai and Calcutta
Notification under Section 32 – In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 32 of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby constitutes a Commission to be called the Customs and Central Excise Settlement Commission
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.
