Reference is invited to Policy Circular No 14 dated 19.10.2001 which prescribed the procedure for the settlement of audit objections wherever the relevant policy provisions mandated the surrender of Special Import Licence (SIL) that is now defunct. In continuation of the aforesaid provision, some of the regional offices have sought the extension of the provision of PC 14 dated 19.10.2001 to all category of cases where the surrender of SIL was mandated for regularisation of the cases.
ASSOCHAM have represented to Board that member exporters are facing difficulties in availing duty drawback in respect of goods which were imported earlier and are subsequently re-exported under Section 74 of the Customs Act. It is reported that in such cases Customs insist that for the purpose of availing drawback under Section 74, the goods should be reexported back to the same supplier who had supplied the goods.
It has been observed that debt instruments issued by some of the issuer companies are admitted only on one of the Depositories.
Circular No. 674/65/2002-CX I am directed to draw your attention to Board’s circular No. 5/83-CX6 dated 10.3.83 issued from F.No. 210/28/81-CX6 and circular No. 444/10/99-CX dated 12.3.99 issued from F.No.210/1/99-CX6 wherein it has been, inter alia, directed that immediately on receipt of objection from CERA , demand-cum-show cause notice should be issued without any loss of time even if the Central Excise officers do not agree with Audit’s point of view.
In view of this, you may kindly allow transfer/supply of capital goods imported/procured or goods manufactured, produced or packaged in an EOU/EPZ/EHTP/STP/SEZ unit to another EOU/EPZ/SEZ/EHTP/STP unit without payment of duty. Suitable amendments incorporating specific provisions for such supplies would be made in the notification No 133/94-Cus dated 22-6-94 at the appropriate time.
n view of the representations received on not to charge Account closure charges, the matter was discussed in the meeting of Working Group on Dematerialisation held on 18th October 2002
Notwithstanding the extensions granted in the above manner, the arbitral tribunal shall make the arbitral award within a period of six months from the date of entering into reference i.e. extension of time of award can be for a maximum period of three months.
Circular No. 673/64/2002-CX I am directed to invite your attention to Boards Circular No. 639/30/2002-CX. dated 24.5.2002 regarding Section 4 A of the Central Excise Act, 1944.
I am directed to refer to the subject mentioned above and to say that a doubt has been raised as to whether material for laying athletic synthetic track and wooden
The importer may also be asked to get the consignment photographed, if required at the time of examination at his expense and get it attested from the Customs.
