In view of the above, it has therefore been decided to withdraw Board Circular No. 57/2003 dated 27-06-2003 and to restore status-quo ante prevailing prior to the issuance of the said circular. Consequently, the benefit of notification No. 21/2002 -Cus (S.No. 313) dated 01-03-2002 is available to all telephones(including Fixed Wireless Telephones) working on cellular technology.
In case of third party exports in case of DEPB claims based on EDI DEPB shipping bills, the applications will also need to be filed through the ECOM mode only on the DGFT website and no manual DEPB applications will be allowed. Regional Licensing Authority will however need to check on the admissibility of the third party claims from the documents submitted by the third party claimants in this behalf before passing such claims.
Further in respect of Government Departments and Public Sector Undertakings the requirement of furnishing cash security was also waived under project imports as per Board’s circular No.89/95 dated 9.8.95.
Companies which have, irrespective of the percentage of their shares with public at the time of initial listing, reached a size of two crore or more in terms of number of listed shares and Rs. 1000 crore or more in terms of market capitalization.
I am directed to refer to Board’s Circular No. 643/34/2002 -CX dated 1.7.2002 clarifying certain points relating to Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000.
The matter has been examined by the Ministry of Environment & Forests who have clarified that as per rule 12 of the Ozone Depleting Substances (Regulation and Control) Rules, 2000, importers of ompressors have to be registered with the competent authority for import of Compressors using Ozone Depleting Substances. Registration requirement will not be applicable for importing Compressors using non-Ozone Depleting Substances.
DGFT Policy Circular No. 1 (RE-2006) sets a 5,000 cubic meter annual limit on sandalwood imports under Exim Code 44039922, requiring a license and compliance with guidelines.
Further, it has now been clarified by the Government of India and Reserve Bank of India that FII investments shall be restricted to only listed debt securities of It is also clarified that the FIIs subscription to Commercial Papers would be within the ceiling of US $1.5 billion.
In order to clarify the expense structure in SEBI (Mutual Funds) Regulations, 1996 with greater precision and to introduce uniform practices in procedure for dividend distribution by the mutual funds,
This circular is being issued in exercise of powers conferred by Sections 11(1) and 11A 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.
