Circular No. 666/57/2002-CX I am directed to say that the Board had issued a Circular No.231/65/96-CX dt.12.7.96 clarifying that assemblies or sub-assemblies of parts of air conditioning machines are different from “parts” and therefore the exemption available to ‘parts’ would not apply to ‘assemblies/sub-assemblies’. This clarification was given in the context of a manufacturer clearing the cooling units and the condensing units of split air-conditioners
Circular No. 665/56/2002-CX I am directed to refer to the subject cited above and to say that in the absence of a corresponding provision to rule 57R(2) of Central Excise Rules, 1944 in new rules effective from 1.7.2001, a doubt has arisen whether cenvat credit shall be available on the capital goods used in manufacturing of intermediate goods exempt from payment of duty
Circular No.664/55/2002-CX the words, figures and brackets “F.No.201/6/2001-CX.6(Pt.)” appearing at the top of the opening page may be read as “F.No.201/6/2002-CX.6(Pt.)”.
n this regard it has been clarified by the RBI that the participation of the OCBs in the above mentioned scheme is being considered by the Government and that it has been decided that the two way fungibility scheme can be kept on hold for OCBs for the time being till a full review is made.
It is clarified that while considering this aspect, the Board may consider grant of certificate to an applicant, notwithstanding that another entity in the same group has been previously granted registration by the Board,
The above amounts have to be transferred to the Fund when they have remained unclaimed or unpaid for a period of seven years from the date they became due for payment.
Circular No. 663/54/2002-CX I am directed to refer to the present procedure of Accountal of Petroleum Products movements through pipelines without payment of duty governed by instructions of Board vide letter 20/1/66-CX III dated 12.5.66 as amended by letter F.No. 11A/14/70-CX8 dated 7.6.71. As per these instructions, the consignment wise ARE-3 is generated at the refinery end and the re conciliation is carried out annually. At the end of the year, the quantities of ‘line fill’ and ‘intermix’ are determined
It has been reported that a number of show cause notices were issued proposing the demand of not only duty, but also interest payable in terms of provisions
These guidelines are being issued in accordance with the provisions of Regulation 77 of SEBI (Mutual Funds) Regulations, 1996.
This is in continuation of circulars no. SMD/Policy/Cir-13/2002 dated June 20, 2002 and SMD/Policy/Cir-17/2002 dated July 03, 2002 regarding introduction of EDIFAR to facilitate filing of certain documents / statements by the listed companies, online in the web site to be maintained by NIC.
