While obtaining RCMC, an exporter has to declare his main line of business in the application. The exporter is required to obtain RCMC from the Council which is concerned with the product of his main line of business.
ll time barred, pending or rejected applications which were filed after six months from the expiry of prescribed last date of submission of application, but are now within 12 months of the expiry of last date of submission of application should be processed with 5% late cut.
Accordingly, field formations may permit the operation of Authorised Courier based on the intimation as per Regulation 12 of the Courier Imports and Exports (Clearance) Regulations, 1998 and subject to execution of specified Bond and Security. No separate registration is required.
Since the inception of the levy of service tax vide Chapter V of the Finance Act, 1994 (hereinafter called the Act) and rules made thereunder from time to time, a number of circulars/clarifications/instructions have been issued, for clarifying the scope of statutory provisions; providing legal interpretation of the provisions of the Act, the rules and the notifications; and clarifying as well as prescribing the procedures to be followed for administration of service tax.
Service Tax was introduced in the year 1994 with three taxable services. At present, one hundred services are specified as taxable services. Since the introduction of service tax, number of clarifications in the form of circulars / instructions / letters have been issued by the Central Board of Excise & Customs (CBEC), Director General (Service Tax) and field formations.
The matter has been examined by the Board. It is clarified that the excise duty paid through Cenvat credit shall also be taken into account while calculating the excise duty paid by a manufacturer exporter for the purposes of Para 3.1(e) of the above mentioned circular.
Above clarifications may be brought to the notice of all concerned. In case of any doubt, reference may be made to the Board. The guidelines shall be implemented with immediate effect.
Import of rough marble blocks may be permitted to Hotels (on the recommendation of Ministry of Tourism), places of worship among others, against a licence on need basis. These imports will be subject to the condition that the product manufactured after processing of imported goods, shall also not be allowed for sale.
Policy Circular No.9 (RE2005)/2004-09 dated 14.06.2005 has clarified, and it is being made explicit herein, that a shipment shall be taken into account of applicants’ export performance only if export proceeds are received in free foreign exchange by applicant directly from overseas.
The total quantity of import of marble mentioned in Para 2 (III) of Policy Circular No.01 (RE-07)/2004-2009) dated 26.7.2007 shall be amended to read as 1.4 lakh MT for the year 2007-08. This quantity does not include the unallocated quota of the previous year, i.e. 2006-07.
