Payments for the services rendered through construction equipments are received in Free Foreign Exchange or in Indian Rupees which are otherwise considered as having being paid for in free foreign exchange by RBI, as per Sub Para (iv) of Para 9.53 of Foreign Trade Policy.
Attention is invited to para 3.20.3(iv) of Hand Book of Procedures Vol.I (RE 2008). In this regard, references have been received from the Trade and Industry on the issue as to whether a Tracking Report, down loaded from the website of a goods carrier and duly certified by its accredited agent is an acceptable document under para 3.20.3(iv) of HBP Vol. I or not.
A dispute has been brought to the notice of the Board regarding classification of ‘tea’ fortified with micronutrients and with tapioca, jaggery, chicory, rice flour and vitamins. These additives may be to the extent of 30% with the remaining part being tea. Doubts have been raised as to whether such an admixture is classifiable under chapter 9 as flavoured tea or as a preparation with a basis of tea under chapter 21.
Representations have been received seeking a clarification on clearance of import consignments of items where restrictions have been removed vide Notification No.81 dated 16.1.2009. The consignments in question were said to be imported during the period i.e. 21st November, 2008 and 16th January, 2009, when these items were restricted for imports.
bring the provisions of this circular to the notice of the DPs of the Depositories and the issuers whose securities have been admitted into the depositories and also to disseminate the same on the website.
After receipt of Eligibility Certificate and the above mentioned information from the Industry Department, the Sales Tax Department shall issue the Identification Certificate on its own. There is no need for the eligible unit to separately make an application to the Sales Tax Department for grant of Identification Number.
It is also brought to the notice of all concerned that vide this Notification transitional arrangement available under Para 1.5 of FTP have not been stopped. Thus, the transitional arrangements in respect of items whose import has been prohibited vide the said Notification shall continue. Similarly, where the import shipment has been made prior to the date of issue of this Notification, as per Para 9.11A of HBP- vI, those imports may also be allowed.
A minimum flat fee of Rs 1000 per successful bid shall be levied for the allocated amount. Thus the amount payable by the successful bid shall be minimum flat fee of Rs 1000 or bid price which ever is higher.
1.0 It has been decided to amend certain clauses in the Equity Listing Agreement to enhance disclosures regarding shareholding of promoters and promoter group. Accordingly, this circular is issued in exercise of powers conferred by subsection (1) of Section 11 of the 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 details of amendment are as under:
In terms of the provisions of Section 75 (1) of the Customs Act, 1962 read with sub-rule 16A (1) of the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995, where an amount of drawback has been paid to an exporter but the sale proceeds in respect of such export goods have not been realized within the time allowed
