Circular No.658/49/2002-CX The matter has been examined in the Board. Note (B) against heading 56.06 of the HSN defines “chenille yarn” as consisting generally of two or more strands of textile yarn twisted together and gripping short ends of textile yarn which stand out practically perpendicularly. It, therefore, looks like yarn tufted with pile threads throughout its length. It is usually manufactured directly on special looms or by cutting up special leno fabric
Circular No.657/48/2002-CX I am directed to refer to Central Excise (Removal of Goods under Concessional Rate of Duty) Rules, 2001 and Board”s Circular No.617/8/2002-CX dated 6.2.2002 relating to movement of goods outside the factory
n the case of close out for scrips which have been indefinitely suspended/ delisted, the reference price would be the twenty-six weeks average traded price while the close out mark up would be 20%.You are advised to take steps to implement The decisions.
Circular No.656/47/2002-CX.8 I am directed to say that certain instances have been brought to the notice of the Board wherein refund amount originally credited to the Consumer Welfare Fund is subsequently to be paid to the assessee on account of orders of appellate judicial authorities. However, as reported the drawl of amount originally credited to Consumer Welfare Fund usually takes time due to involvement of various agencies resulting in delay in grant of refund to the assessee and the Department has to pay interest on such delayed refunds.
The sub-committee should meet at least twice each quarter to review the actions taken to implement the SEBI’s Inspection Reports. Sub-committee’s reports should be put up to the Board of the exchange.
According to Regulation 16(5), an independent trustee should not be associated in any manner with the sponsor. It was clarified to all mutual funds vide SEBI Circular no MFD/CIR/11/354/2001 dated December 20, 2001 that certain categories of persons cannot be considered as independent directors of AMCs and trustee companies.
directed to forward herewith a copy of the following Notification published in the Gazette of India (Extraordinary) for your information and necessary action.
In order to ensure that Indian nationals entering Nepal are not inconvenienced for the reason of not carrying necessary prescribed documents or for taking prohibited currency notes inadvertently or unknowingly
SEBI Circular No. IIMARP/MF/CIR/05/788/97 dated April 28, 1997 which inter-alia prescribed the format for statement of movement in net assets / portfolios, to be submitted by the mutual funds on quarterly basis.
“The arbitral tribunal shall make the arbitral award within 3 months from the date of entering upon the reference. The time taken to make the award may not be extended beyond 3 times, by the Managing Director or Relevant Authority .
