The aforesaid modus operandi may be brought to the notice of customs field officers under your charge to prevent its recurrence.
The model format for the issuance of electronic contract note for the debt market is enclosed. Based on this, the exchanges are advised to prescribe a standard format for issuance of the electronic contract note in its bye-laws, rules and regulations.
Accordingly, for derivative contracts which have a contract size/value of Rs.4 Lakh and above, the lot size/multiplier shall be reduced to one-half of the existing lot size/multiplier. For derivative contracts which have a contract size/value of Rs.8 Lakh and above,
Notification No. 32/97-Cus. dated 1-4-97 provides exemption from Customs duty for material when imported into India for execution of an export order. The issue to be looked into whether the benefit would be applicable when the manufacture of goods involves substantial usage of indigenous goods along with the imported goods in the said notification.
The item CPU Cooling Fan with Heat Sink is said to perform the function of cooling the processor in the CPU. On its importation it is being classified in different Custom Houses either under Other Fans under CTH 8414 59 10 or as Part of a Computer under CTH 8473 30 99.
Any entity incorporated in a jurisdiction that requires filing of constitutional and/or other documents with a registrar of companies or comparable regulatory agency or body under the applicable companies legislation in that jurisdiction.
It has been decided to allocate a quantity of 8,000 MTs of Raw sugar from the freesale portion of 2003-2004 season production (October1,2003 to September30, 2004) for export as Preferential Raw Cane Sugar Tariff Rate quota for the fiscal year 2004 (October 1,2003 to September 30, 2004) to USA and place the same at the disposal of M/s Indian Sugar Exim Corporation Ltd., New Delhi.
I am directed to refer to Board’s Circular No.766/82/2003-CX dated 15th December, 2003. Attention is drawn to para 6 of the said Circular and the said para 6 may be treated as omitted from the said Circular
Attention is invited to Board’s Circular No.19/13/96 dated 21.11.96 wherein instructions were issued relating to visit of Central Excise officers to the premises of the assesses for conducting audit of services relating to telephones, insurance and stock brokers. Subsequently, the coverage of Service Tax Audit was extended to other services also on a selective basis vide Circular No.38/1/2002-CX dated 7.2.2002.
We are enclosing a copy of the SEBI (Mutual Funds) (Amendment) Regulations, 2004 published in the official gazette on January 15, 2004 for your reference and records.
