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Circulars

SEBI : Composition of Capital and Margins

June 11, 2003 574 Views 0 comment Print

The undersigned has been authorised to direct the stock exchanges to make necessary amendments to the bye-laws, rules and regulations for the implementation of the above decision immediately.

Guidelines for considering request for exemption from payment of Customs Duty under Section 25(2) of Customs Act, 1962

June 10, 2003 2788 Views 0 comment Print

The charitable nature of the organization, the fact of it’s rendering services on “free / no loss no profit” basis, and it’s having been in existence for not less than three years has been duly verified and found to be correct. It is further certified that the organization enjoys a good reputation.

Circular No. 722/38/2003-Central Excise, Dated: 09.06.2003

June 9, 2003 367 Views 0 comment Print

Circular No. 722/38/2003-CX It may be recalled, that power loom weavers who avail exemption under notification No. 35/2003-CE, dated 30th April, 2003, as amended by notification No. 47/2003-CE, dated 17th May, 2003 are allowed to pass on the credit available on their inputs, i.e. yarns by endorsing the duty paying document, in favour of the buyer (please refer to notification No. 25/2003-CE(NT) dated 25th March, 2003). However, the facility is available to such weaver only in cases when the input documents are endorsed in full

Circular No. 721/37/2003-Central Excise, Dated: 06.06.2003

June 6, 2003 3118 Views 0 comment Print

Circular No. 721/37/2003-CX I am directed to refer to Board’s Circular No.470/36/99-CX dated 19.7.99 on the above subject whereby the field formations were informed that the Department’s appeal against the CEGAT order in case of M/s. West Coast Industrial Gases Ltd. Vs. Commissioner of Central Excise has been admitted by the Supreme Court. Accordingly, they were asked to take necessary action to safeguard revenue interest.

Revised norms for execution of Bond and Bank Guarantee under Advance License and EPCG Schemes-reg

June 6, 2003 2275 Views 0 comment Print

It shall be the responsibility of the jurisdictional Superintendent of Central Excise that while issuing Certificate about export performance in terms of Para 3.1(c) or about the fact of payment of central excise duty for the purpose of para 3.1(d), he satisfies himself about the genuineness of the declaration being given by the license holder.

Section 166 of the Finance Act, 2003- Incorporation of provisions relating to Prosecution in the Finance Act, 1989 in respect of Inland Air Travel Tax-Reg

June 6, 2003 985 Views 0 comment Print

It may be noted that the new sections incorporated in the Finance Act, 1989 contain provisions relating to imprisonment and fine for failure to pay inland air travel tax to credit of the Central Government. The new provisions enable the Central Government to take action against the defaulting airlines, which fail to deposit the Inland Air Travel Tax to the account of Central Government in spite of having collected the same from the passengers.

SEBI : Trade Guarantee Fund (TGF)/ Settlement Guarantee Fund(SGF) – reduced exposure for ten rolling settlement

June 5, 2003 5164 Views 0 comment Print

The undersigned has been authorized to direct the exchanges to make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision immediately.

Change of port in the Shipping documents pending amendment in AEPC certificate for hosiery exports-Reg

June 5, 2003 427 Views 0 comment Print

I am directed to invite your attention to above mentioned subject and to state that the Ministry of Commerce has brought to the notice of the Board that the exporters of hosiery are facing problems in shipment of exports via a port other than the port mentioned in the AEPC certificate for which they have to obtain the amendment in the AEPC certificate and then the amendment in the Shipping Bill is permitted by the Customs. In the entire process delay is caused which eventually affects the target date of exporters.

Circular No.45/2003-Custom Duty, dated; 04.06.2003

June 4, 2003 331 Views 0 comment Print

Marine Products Export Development Authority (MPEDA) and Seafood Exporters Association of India ( SEAI) represented to Board that as a result of investigation by DGRI/Customs, export of fish and fish products had suffered and many genuine exporters were facing difficulties in meeting their export schedule. Further, the delay in registration of DEPB scrips was causing delay in clearance of import consignments.

SEBI : Electronic Data Information Filing And Retrieval (EDIFAR)

June 2, 2003 586 Views 0 comment Print

requirement of filing of specific documents/statements applicable to further 500 companies, selected on the basis of market capitalization and turnover, the list of which is enclosed.

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