The Trade and Industry is hereby informed that certificates issued by these agencies will not be accepted by Customs till a final decision is taken in the matter. However, consignment of metallic scrap where the Bill of Lading is 1st December and where certificates have been issued by these agencies will be cleared by Customs with 100% inspection in terms of Custom Circular No. 56 dated 18.10.2004.
Issuance of Fresh Registration Certificates and Taxpayer Identification Number (TIN) to the existing dealers under VAT, CST, Luxury Tax Acts and Maharashtra Tax on the Entry of Goods into Local Areas Act, 2002.
I am directed to invite your attention to Board’s circular No. 386/19/98-CX dated 7th April, 1998. In this Circular, Board has clarified that the coal ash (cinder) is an excisable commodity classifiable under Heading No.2621.00 and is chargeable to appropriate rate of duty. Further, all pending disputes/assessments on the issue were directed to be settled in the light of these guidelines.
“ Disclaimer Clause of SEBI: SEBI only gives its observations on the offer documents and this does not constitute approval of either the issue or the offer document”.
This circular is being issued in exercise of the powers conferred by Section 11 (1) of Securities and Exchange Board of India Act, 1992 to protect the interest of investors in securities and to promote the development of, and to regulate, the securities market.
The Board has been examining various initiatives to enhance the effectiveness of EA 2000 Audit. It has been decided that the expertise of the Chartered/Cost Accountants can be availed in the process of Desk review being conducted by the Department. The services of Chartered/Cost Accountants would be paid at the rate of Rs. 5000/- per day with service tax and other government dues being extra.
CENVAT credit or duty drawback while the same paid through debit under DEPB was not allowed as duty drawback. In the Foreign Trade Policy 2004-2009, which came into force w.e.f. 1.9.2004, it has been provided under paragraph 4.3.5 that the additional customs duty/excise duty paid in cash or through debit under DEPB shall be adjusted as CENVAT credit or Duty Drawback as per the rules framed by the Department of Revenue.
Every person liable to pay service tax is required to get registered. In addition, the following categories of persons are required to get registered under the Service Tax (Registration of Special Category of Persons) Rules, 2005
Representations have been received in this office that some of the RLAs are allowing coal only with Actual User condition under DFRC scheme even if the same is available in SION, on the ground that coal is a fuel, which can be allowed with the condition as per paragraph 4.2.3. of the F.T.P.(2004-09), stated above. The mater was discussed in the ALC meeting in consultation with the Policy Division and it has been decided to clarify that wherever coal has been allowed as one of the inputs in SION i.e. when its consumption is directly related to the manufacturing of the export product and not for generation of power, it should be treated at par with other inputs which are transferable under DFRC.
You are aware that Board has issued instructions from time to time regarding the response of the department concerning litigation before the Supreme Court. Your attention in this regard is invited to Board’s circulars below:- i) Circular No.313/29/97-CX, dated 6.5.1997 issued vide F.No.390.107/97-JC
