The standard terms of contract as are required to be mentioned in the Contract Notes as per the Bye-laws and Regulations of exchanges, which are not contained in electronic contract notes, shall be incorporated in the Client Broker Agreement or where applicable,
In other words specified imported goods (including Polyester Texturised Yarn – PTY) are chargeable to NCCD twice-once as CVD under section 136 of the Finance Act 2003 and again as Customs duty under Section 134 of the Finance Act 2003. Vide Notification No. 77/2003-Cus. dated 14.5.2003, NCCD collected as CVD.
The Government liberalized the import of gold and silver in the policy initiative announced in January, 2004 vide DGFT”s Notification No. 29 (RE-2004)/2002-07, dated 28.1.2004, in as much as the import of these items was allowed without the requirement of an import license or in order words it was brought under OGL. However, under Notification No. 80/97-Cus. dated 21.10.1997.
Attention is invited to Public Notice No 57 dated 31.03.2004 wherein paragraph 3.2 of the Handbook of Procedures ( Vol 1) was amended in order to incorporate the provision for the renewal of the status holder certificates (including the Golden Status Certificates) that were expiring on 31.03.2004.
The Ministry of Agriculture , Department of Agriculture and Cooperation vide Notification dated 31.5.2004 issued from F.No.8-128/2004-PPI ( copy enclosed), have deleted sub-clause 21 and 22 of clause 3 of the of Plant Quarantine (Regulation of Import into India) Order, 2003 with immediate effect .
I am directed to refer to Board’s Circular No.786/19/2004-CX dated 19.5.2004 and to state that inadvertently the district of Kancheepuram in the State of TamilNadu was omitted.
I am directed to state that doubts have been raised by field formations that whether goods manufactured using materials obtained without payment of duty for use in manufacture of export goods under notification No.43/2001-C.E.(N.T.) dated 26th June, 2001 as amended, can be exported under claim of rebate of duty under rule 18 of Central Excise Rules
I am directed to state that in continuation of its efforts for-trade-facilitation, Central Board of Excise and Customs proposes to provide the facility of filing the monthly/quarterly excise returns, namely, ER-1, ER-2, ER3 under Central Excise Rules and dealers return prescribed under sub-rule (6) of rule 7 of the CENVAT Credit Rules, 2002 electronically to all manufacturers of excisable goods, EOUs and registered dealers.
The undersigned is directed to refer to the Notification 76/86-CE dated 10.2.86 providing excise duty exemption to handicrafts’, and Board’s circular No. 773/6/2004-CX dated 28 th January, 2004 on the above subject. Certain doubts have been raised about the scope of the aforesaid circular.
I am directed to say that a number of representations have been received in the Board seeking a clarification whether tea packed in containers of capacity more than 20 kgs. was leviable to Central Excise duty during the period 2.6.98 to 23.6.98. Prior to 2.6.1998 tea was exempt from Central Excise duty, vide Notification no. 05/98-CE dated 2.6.98 duty of 8% was levied on tea put up in unit containers bearing a brand name
