Therefore, requested to consider all requests for waiver of interest on the customs duty in respect of warehoused goods keeping in mind the aforesaid guidelines of the Board and taking into consideration all the relevant rules and regulations which are applicable.
The Stock Exchange, in consultation with the IPF/CPF Trust, shall review and progressively increase the amount of compensation available against a single claim from an investor, atleast every three years.
The Apex Court has held that even in respect of a separately chemically defined compound, if it is a pesticide/insecticide it will be classified under heading 3808 of the Central Excise Tariff (which is identical to the corresponding heading of the Customs Tariff) and not under Chapters 28 or 29.
it is mandatory for the applicant who is a natural person to provide biometric impressions of the left thumb, left index finger, right thumb and right index finger and photograph electronically on the system of the Designated Service Provider.
It is observed that many issuers debt instruments have still not admitted their debt securities on both the depositories, as required in terms of the aforesaid circular.
It is, accordingly clarified that (i) supply of goods made to projects financed by agencies / funds notified by the Department of Economic Affairs and covered under Appendix 33 of Handbook of Procedures would continue to be eligible for deemed export benefits covered under para 8.3 (a) & (b), viz., (a) advance license for deemed exports, and / or (b) deemed export drawback, as the case may be.
This circular is being issued in exercise of powers conferred under Section 11 (1) 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.
Further, the field formations have also expressed doubts regarding para 4(i) of the Board’s Circular No.56/2004-Cus, dated 18.10.2004 as to whether in such cases the containers should be allowed to be removed after payment of Customs duty or in bond . It is clarified that such facility has been provided to manufacturer importers of metals scrap which have landed on or before 25.10.2004.
The facilities extended to this sector include, interalia, (a) duty free import entitlement of specified trimmings and embellishments at 5% of FOB value of exports made during the previous financial year; and (b) duty free import of old pieces of hand knotted carpets on consignment basis for re-export. To give effect to the Policy provision at (a) above, S.No.167 of notification No. 21/2002-Cus.
In the light of these Policy provisions, the issue regarding execution of Bond/BG under DEEC and EPCG Schemes has been reviewed by the Board and in supersession of earlier DOR Circular Nos. 45/96-Cus., dated 28.8.96, 71/98-Cus., dated 15.9.98, 48/2003-Cus., dated 6.6.2003, 74/2003-Cus., dated 21.8.2003 and 79/2003-Cus., dated 4.9.2003, the following revised norms are prescribed for the purpose of furnishing Bond and BG under the said Schemes.
