Circular No. 648/39/2002-CX I am directed to refer to Part III of Chapter 7 of Central Excise Manual issued in September 2001relating to Simplified Export Procedure for exempted units and to say that representations from small scale manufacturers have been received by Board with a request to accept Sales Tax documents as proof of export for the supplies made to other domestic manufacturers who use the said goods in manufacture/packing of goods for export
I am directed to refer to Board’s Circular No. 40/2002-Cus., dated 17/7/2002 on the above-mentioned subject, wherein various issues involved in finalisation of provisional assessment
It has now been decided to revise and simplify the format of New Scheme Report. A copy of the revised format is enclosed. In accordance with Regulations 58(1) and 77 of SEBI (Mutual Funds) Regulations, 1996, all mutual funds are advised to henceforth submit the new scheme reports to SEBI,
It is clarified here that the term ‘Dyed made-ups’ shall also include ‘Natural dyed made-ups’ and natural dyed made-ups should not be confused with ‘Grey made-ups’.
As you are aware, Regulation 49(3) of SEBI (Mutual Funds) Regulations, 1996 lays down parameters for determining sale price and repurchase price of mutual funds units applicable for investors. It has been observed that mutual funds are using two different methods for calculating the sale and repurchase price of mutual fund units.
The custodians of securities are requested to bring the contents of this circular to the notice of their constituents. The circular is also available at the web page ‘Foreign Institutional Investors’ on the SEBI website at www.sebi.gov.in.
Since, the Central Excise levy on knitted garments has come into effect from 1.3.2002, all the exports effected on or after this date shall be eligible for this facility.
The matter has been considered in consultation with Plantation Division of the Department of Commerce and the DES Division in this office and accordingly, it is clarified that the Policy restricts only duty free imports. DEPB is only a mode of payment of duty instead of payment in cash. Since Natural rubber is otherwise freely importable on payment of prescribed duty, Policy Circular 28 dated 4.3.2002 and earlier ALC Circulars does not prevent payment of Custom duty for import of natural rubber.
Similarly, the Commissioner of Customs (Systems) shall regularly depute his officers to visit major and important formations for verification of proper functioning
I am directed to invite your attention to the subject mentioned above and to say that a doubt has been raised as to whether cash dispensers can be allowed the benefit of notification No.21/2002-Cus., Sl.No.272 which prescribes a concessional rate of duty of 15% on Automatic Teller Machines (ATMs).
