The undersigned is directed to invite your attention to the above mentioned subject and to say that in the wake of representations from the trade and industry that the present export documentation procedure is complex and cumbersome and that under the system the exporters are required to submit a large number of documents and declarations to the Customs, causing delays and adding to the transaction cost, the Government had set up a Sub-Committee under the chairmanship of the Chief Commissioner of Customs, Delhi to study the problem in all its aspects and make recommendations.
The merits of these representations were considered in this office and it is clarified that Service Providers like Customs House Agents, etc. shall be entitled for benefits under Served From India Scheme for the services exclusively rendered by them and for which the foreign exchange earnings are received and retained by them on this account.
This circular is being issued in exercise of the powers conferred by Section 11(1) of Securities and Exchange Board of India Act, 1992 to protect the interest of investors in securities and to promote the development of, and to regulate, the securities market.
This circular is being issued in exercise of the powers conferred by Section 11(1) of Securities and Exchange Board of India Act, 1992 to protect the interest of investors in securities and to promote the development of, and to regulate, the securities market.
The undersigned is directed to invite your attention to the above mentioned subject and to state that an issue has been raised as to whether goods entered for exportation, which are seized for mis-declaration of quantity, value etc, can be released provisionally pending investigation, adjudication and appeal proceedings.
I am directed to invite your attention to the Board’s Circular No.56/2004-Cus, dated 18th October, 2004, as amended on the above mentioned subject. As per the changes in the Handbook of Procedure (Vol.I), the Board hereby makes following further amendment in the Circular No.56/2004-Cus, as amended dated 18.10.2004. I am directed to invite your attention to the Board’s Circular No.56/2004-Cus, dated 18th October, 2004, as amended on the above mentioned subject. As per the changes in the Handbook of Procedure (Vol.I), the Board hereby makes following further amendment in the Circular No.56/2004-Cus, as amended dated 18.10.2004.
Doubts have been raised about admissibility of benefits under Vishesh Krishi Upaj Yojana for export of Cashew covered under ITC(HS) Code 080131, 080132 & 20081910 for the exports made between 4.1.2005 and 26.4.2005. It is hereby clarified that export of Cashew covered under ITC(HS) Code 080131, 080132 & 20081910 shall be entitled for Vishesh Krishi Upaj Yojana benefits in respect of such exports made between 4.1.2005 and 26.4.2005 only.
While Directorate of Systems and Data Management is developing a module for automatic matching of imported and export containers within permissible time, the process of monitoring of period of temporary importation should be done manually in respective Customs houses till such time. The extension of time period of six months should be done in accordance with the Circular No. 83/98-Cus., dated 5-11-1998.
It has come to the knowledge of the Board that different types of bond with divergent practices are being followed by the field formations. The Board has considered the issue and it has been decided to adhere to a simple uniform procedure for clearance of temporary importation of containers.
Circular No. 6 of 2005-Income Tax The Finance Act, 2005 has, with effect from 1st June, 2005, introduced a new levy, namely, the Banking Cash Transaction Tax (BCTT) at the rate of 0.1 per cent on the following transactions
