Attention is invited to Board’s Circular No.24/2003-Customs, dated 1.4.2003 and Circular No.2/2004-Customs dated 8.1.2004, regarding admissibility of duty drawback in respect of the supplies effected by Domestic Tariff Area (DTA) Units to Special Economic Zones. Chapter X-A of the Customs Act
The ECOM password-based system will be abolished on March 31, 2005, extending the original end date of January 31, 2005, per government circular.
The undersigned is directed to invite your attention to the above mentioned subject and to say that a doubt has been raised as to whether 2% Education Cess is to be levied on the imports cleared under Advance Licence, DFRC, EPCG and DEPB Schemes
I am directed to refer the Circular No.122/95-Cus dated 28.11.95, on the subject of issue of Show Cause Notice to EOUs/EPZ in cases involving scope of notification etc.
bring the provisions of this circular to the notice of the DPs of the Depositories and the issuers whose securities have been admitted into the depositories and also to disseminate the same on the website;
amendments stated in (1.1) and (1.2) above are applicable to all those issues where draft offer documents are filed on or after 30 days from the date of this circular i.e with effect from February 25, 2005.
Representations have been received regarding availability of DFRC on supplies made to SEZ units. The issue has been examined and it is hereby clarified that since all supplies to SEZs is treated as physical exports with effect from 1st September 2004, such supplies will be entitled to the benefit of DFRC under the Foreign Trade Policy.
he Stock Exchanges are advised to report to SEBI, the action taken in this regard in Section II, item no. 13 of the Monthly Development Report for the month of February, 2005.
The Ministry has announced the revised All Industry Rates of Duty Drawback vide notification No.8/2005-Cus (NT) dated 18.1.2005. These rates shall come into force with effect from 19.1.2005. The notification may be downloaded from CBEC website www.cbec.gov.in and perused for details.
The matter was examined again and accordingly it is decided to withdraw the Policy Circular No. 7 dated 4.11.04 with immediate effect. It is also reiterated that any advance licence issued with three months export obligation period as per the policy Circular No. 7 dated 4.11.04 stands automatically extended to six months in accordance with the Public Notice No. 6 and the Policy Circular No. 1 both dated 17.09.04.
