In order to facilitate the unitholders to claim the tax benefit associated with payment of STT, it has now been decided to allow mutual funds to share the UCC of their schemes/plans with their unitholders.
Attention is invited to Board’s Circular No. 75/5/2004-ST dated 03.03.2004 which specifies that only Assistant Commissioner or Deputy Commissioner of Central Excise is empowered to issue a demand notice and adjudicate such notice under section 73 of the Finance Act, 1994 (hereinafter referred to as the said Act)
The Bank will decide at which centre the gold is to be sold based on various cost / other factors and will also exercise its discretion/ judgment as to (a) when to sell (b) at what price to sell. Although it has to be borne in mind that gold prices can fluctuate significantly even during the course of a single day, the Bank will use its discretion/ market knowledge to get the benefit of the “best” possible price. The concerned Commissioner will, post – sale, make an evaluation as to whether, in view of the range of prices prevailing at the time of sale, the “best” possible sale has been made. The above arrangement will be reviewed as and when necessary through mutual discussion.
The undersigned is directed to invite your attention to the above mentioned subject and to say that in the wake of representations from the trade and industry that the present export documentation procedure is complex and cumbersome and that under the system the exporters are required to submit a large number of documents and declarations to the Customs, causing delays and adding to the transaction cost, the Government had set up a Sub-Committee under the chairmanship of the Chief Commissioner of Customs, Delhi to study the problem in all its aspects and make recommendations.
The merits of these representations were considered in this office and it is clarified that Service Providers like Customs House Agents, etc. shall be entitled for benefits under Served From India Scheme for the services exclusively rendered by them and for which the foreign exchange earnings are received and retained by them on this account.
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.
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 undersigned is directed to invite your attention to the above mentioned subject and to state that an issue has been raised as to whether goods entered for exportation, which are seized for mis-declaration of quantity, value etc, can be released provisionally pending investigation, adjudication and appeal proceedings.
I am directed to invite your attention to the Board’s Circular No.56/2004-Cus, dated 18th October, 2004, as amended on the above mentioned subject. As per the changes in the Handbook of Procedure (Vol.I), the Board hereby makes following further amendment in the Circular No.56/2004-Cus, as amended dated 18.10.2004. I am directed to invite your attention to the Board’s Circular No.56/2004-Cus, dated 18th October, 2004, as amended on the above mentioned subject. As per the changes in the Handbook of Procedure (Vol.I), the Board hereby makes following further amendment in the Circular No.56/2004-Cus, as amended dated 18.10.2004.
DGFT confirms VKUY benefits for cashew exports made from Jan 4 to April 26, 2005, providing clarity for exporters under specific ITC(HS) Codes.
