The regulations shall be applicable to all ‘Customs cargo service providers’ (CCSPs) that is to say all persons operating in a customs area and engaged in the handling of import/export goods. These include the Custodians holding custody of import / export goods and handling such goods and all persons working on behalf of such custodians such as fork lift or material handling equipment operators, etc. The regulations would also cover consolidators/ break bulk agents and other persons handling imported / export goods in any capacity in a customs area. The regulations provide for various responsibilities and conditions for different kinds of CCSPs.
The said disclosure of the portfolio as on the last day of the month shall be made on or before 3rd working day of succeeding month. For example, portfolio as of March 31, 2009 shall be disclosed by April 04, 2009 – April 3, 2009 being a non working day.
In some cases, entitlement as due, may not be claimed fully by the exporter due to software not being updated, or the entitlement as claimed by the exporter might have been reduced by RA (or sometimes by Customs, although Customs should refer back the matter to RA concerned rather than reducing the entitlement themselves) for some reason, but in appeal or by clarification from Policy division of Headquarters, the original claim has been either restored or enhanced from the value that was granted by RA; in such cases, a supplementary scrip will be issued manually by RA concerned.
The matter has been examined in this Directorate and it is informed that in terms of paragraph 4.4.3 to be read with paragraph 4.1.13 of FTP and paragraph 4.12 and 4.72 of HBP v.1, restricted items (other than prohibited items and the items reserved for import by State Trading Enterprises or otherwise specifically mentioned for the purpose) can be imported against the transferred DFIAs without the requirement of a separate import licence / authorisation subject to the condition that the exports have been completed prior to the effective date of restriction on imports [unless otherwise mentioned in the said notification(s)].
The remaining limit for investment in corporate debt shall be allocated among the FIIs/sub-accounts on a ‘first come first served’ basis in terms of SEBI circular dated January 31, 2008, subject to a ceiling of Rs.249 cr. per registered entity.
Notification No. 41/2007-ST, dated 6/10/2007 allows refund of service tax paid on specified services used for export of goods. To resolve the procedural difficulties arising in implementation of this refund scheme the Board has earlier issued circulars No. 101/4/2008-ST, dated 12.5.2008 and No. 106/9/2008-ST dated 11.12.2008
It has been brought to the notice of the Board that some of the Customs field formations are not charging the levy of National Calamity Contingent Duty (NCCD) on the basis of Maximum Retail Price (MRP) / Retail Sale Price (RSP) of the Cellular / Mobile phones.
Vide the above mentioned Notification, the ITC HS Codes have been aligned with that of the Customs. It is brought to the notice of all concerned that there is no amendment in Policy for any item under the said Notification.
The matter has been examined and the request of the Association has been agreed to by the competent authority. Accordingly, it is clarified that all licence holders of rough/ unprocessed blocks and slabs of agglomerated/artificial stones, issued to them as per provisions of Policy Circular No.35 dated 10.10.2008 are hereby given an option to either import rough marble blocks/slabs (Exim Code Nos. 25151100, 25151210, 25151220, 25151290 indicated in Schedule-1 (imports) of ITC (HS) Classifications of Export and Import Items, 2004-2009) or the items indicated in their licenses, i.e. artificial/agglomerated stones.
Accordingly, all licence holders of rough marble blocks/slabs, issued to them under the provisions of Policy Circular No.12 (RE-08)/2004-2009 dated 27.6.2008, may apply to the concerned R.A. of DGFT for enhancing the quantity in their licence by upto 25% of the quantity granted to them in the year 2008-09. The import of enhanced quantity shall be subject to all the conditions applicable on import of rough marble blocks/slabs indicated in relevant Circular.
