I am directed to refer to Board’s circular No. 736/52/2003-CX dated 11.08.2003 on the above mentioned subject in which the facility of self-sealing and self- certification of export goods has been extended to all categories of manufacturer-exporters subject to fulfillment of procedure prescribed therein. Consequent to issuance of this circular,
It may be noted that if the fine and penalty are not imposed in such a way so as to act as a deterrent, the whole purpose of imposing restrictions on such machines under the EXIM Policy, would be defeated.
It is hereby clarified that the actual users of crude palm stearin may obtain permission from the Directorate of Vanaspati, Vegetable Oil and Fats as and when they want to process crude palm stearin in their other plants so as to utilise their unutilised capacity.
I am directed to draw your attention to Board’s circulars No. 591/28/2001-CX dated 16.10.2001 and No. 654/45/2002-CX dated 19.8.2002 wherein it has been, inter alia , stated that if a manufacturer does not fulfill the requirements of either sub-rule(2) [i.e. maintaining separate accounts] or sub-rule (3) [i.e. paying 8% of the price of the exempted goods other than the exceptions specified in clause(a)] of rule 6 of CENVAT Credit Rules,2002
In terms of notification No.296/76-Cus. dated 2.8.1976, vehicles can be temporarily imported into India for a period of six months without payment of customs duty against a valid Carnet-de-passage issued by a member of an Automobile Club or Association belonging to the Federation of Alliance Internationale De Tourisme. This period can be further extended for another period of six months.
Requests have been made by some recipient organisations to specify persons/institutions other than State Governments to issue certificates for the purposes of the said notification and the Bilateral agreement.
This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with Section 10 of the Securities Contracts (Regulation) Act 1956,
Stock Exchanges are directed to implement the above requirement with immediate effect and take necessary disciplinary action wherever such facility is being misused by any member.
SEBI, vide its circular dated February 21, 2000, specified principles of corporate governance and introduced a new clause 49 in the Listing agreement of the Stock Exchanges.
The stock exchanges are advised to communicate to SEBI immediately, the steps taken by them in this regard as well as in the Monthly Development Report commencing from the month of August 2003.
