In this regard, SEBI had received representations from some stock exchanges expressing their inability to compute the mean impact cost calculations at their exchanges and sought the permission to use the impact cost calculations of NSE/ BSE.
This circular is being issued in exercise of powers conferred by section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
This circular is being issued in exercise of powers conferred by section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with section 10 of the Securities Contracts(Regulation) Act 1956, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
In view of this, it is hereby clarified that the said goods may henceforth be classified under heading 94.04 of the Customs tariff from the date of issue of this Circular. Board”s circular, till it is in force, is binding on the field formations. Therefore, it may kindly be noted that change of classification of the said goods will only be prospective and assessments of all Bills of Entry filed between 25.10.2001 i.e. the date on which the earlier Circular no. 56/2001-Cus was issued, till the date of this revised circular, will be under CTH 90.19.
Circular No. 5 of 2003-Income Tax Rules 7A and 7B of the Income-tax Rules, 1962 inserted by the Income-tax (Second Amendment) Rules, 2001 w.e.f. 1-4-2002 provide that income from manufacture of rubber and coffee, as mentioned therein, shall be computed as if it were income derived from business and a specified percentage of such income shall be deemed to be income liable to tax
In order to ensure that Indian nationals entering Nepal are not inconvenienced for the reason of not carrying necessary prescribed documents (as circulated vide Circular No. 55/2002-LC, dated 28.8.2002) or for carrying such prohibited currency notes (as circulated earlier vide Circular No. 81/2000-Cus., dated 3.10.2000) inadvertently or unknowingly alongwith them, you are requested to give wide publicity to the prohibition imposed regarding possession of Indian currency notes of Rs. 1000/-denomination in Nepal under the Nepalese Gazette notification, dated 10.3.2003.
The Board has examined the issue. In this connection, I am directed to clarify that the assessee need not be asked to pay the service tax again. In such cased the matter should be sorted with the P.A.O. As regards to the cases where the assessee was asked to pay service tax again, the amount thus paid may be refunded by the concerned divisional Asst. Commissioner/Deputy Commissioner. ST Circular No. 58/7/2003
Circular No. 715/31/2003-CX As you are aware, a software has been developed for monitoring of Provisional Assessment cases namely, Provisional Assessment Monitoring Systems (PAMS) which operates on a central server to be accessed by the officers authorized in this behalf. This software was launched on 8th November, 2002 and the Directorate General of Systems has also communicated the procedure to use this software to all Commissionerates and Divisions.
Spirits and vinegar covered under Chapter 22 of the ITC (HS) Classification or seafood items ( both processed and semi processed) are permitted to be imported under this duty free entitlement for service providers as per para 3.8 of the Export Import Policy ( as amended on 31.03.2003).
I am directed to invite your kind attention to Board’s Circular No. 31/2003-Customs, dated 7-4-2003 on the above subject and to say that it has been brought to the notice of the Board that EOUs situated in Andamans & Nicober Islands (A & N islands) are facing difficulties in their day-to-day functioning as presently the EOUs in A &N islands are being administered by Customs staff from Kolkata Customs House. The existing arrangements are resulting in delay in getting requisite permissions, exports and imports of goods, etc. as well as in increased transaction cost to the units.
