The issues have been considered. It is seen that sub- paras 8.3.1 (ii) and (iv) of Handbook V.I do not impose restriction on submission of multiple applications. However, to reduce the paper work and ensure proper monitoring, there is necessity to limit the number of applications which an applicant may file within a year. Therefore, it is clarified that in respect of all the claims arising for a particular month /quarter (as per the option of applicant), one consolidated application should be filed within the stipulated time period.
circular is being issued in exercise of powers conferred by sub-section (1) of section 11 of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
A suitable Public Notice and Standing Order may be issued for the guidance of the staff and trade. Difficulties faced, if any, in implementation of the Circular may please be brought to the notice of the Board at the earliest.
The total import of Rough / unprocessed Blocks and Slabs of agglomerated / artificial stones under Exim Code Nos. 6810 1110, 6810 1190, 68101910,6810 1990, 6810 9100, 6810 9910 and 6810 9990 will be subject to a ceiling of 60,000 ( sixty thousand) MT for this year. The entitlement of individual firm for the year 2008-09 will be worked out on the basis of the eligible turnover of the eligible firms for the year 2006-07. Eligible turnover of the units shall be decided in the same manner as is for considering licenses for import of rough marble blocks / slabs. Turnover of the firms for the relevant years has to be certified by Chartered accountant.
Units having more than one marble gang saw machine will be entitled for a maximum licence of 3000 MT of Rough / unprocessed blocks and slabs of agglomerated / artificial stones for the first gang saw machine and 1500 MT of Rough / unprocessed blocks and slabs of agglomerated / artificial stones per additional marble gang saw machine.
In this respect it is informed that the decisions on PNs (ODIs) are effective from close of market hours on October 07, 2008.
issued in exercise of powers conferred by sub-section (1) of section 11 of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
In cases, where test reports of samples are found at variance with the export declaration, Customs will report the matter to the nearest Zonal Joint DGFT (with copy to DGFT at HQs New Delhi) for necessary action and remedial measures to be taken regarding the defaulting exporter.
Circular No. 9/2008-Income Tax Reference is invited to Circular No. 08/2007, dated 5-12-2007 whereby the rates of deduction of income-tax from the payment of income under the head “Salaries” under section 192 of the Income-tax Act, 1961, during the financial year 2007-08, were intimated.
These instructions may be brought to the notice of the trade / exporters by issuing suitable Trade / Public Notices. Suitable Standing orders/instructions may be issued for the guidance of the field officers. Difficulties faced, if any in the implementation of the Circular may please be brought to the notice of the Board at an early date.
