Circular No.635/26/2002-CX I am directed to refer to Notification No.42/2001-CE (NT), dated the 26th June, 2001 as well as Central Excise Manual in relation to the procedure to be followed by the manufacturer exporters and merchant exporters for the purpose of export and to say that the manufacturer exporter has the option to execute a bond with the jurisdictional authorities or Maritime Commissioner or to file a Letter of Undertaking with the jurisdictional authorities
Section 117C will apply to debentures issued and pending to be redeemed and as such DRR is required to be created for debentures issued prior to 13.12.2000 and pending redemption subject to clarifications issued herein.
Circular No. 634/25/2002-CX I am directed to enclose a list containing the gist of important CEGAT Orders wherein the Department has been able to secure a favourable decision for necessary action at your end.
Considering the importance of the smooth transition to the rolling settlement on T+3 basis, it has been decided that stock exchanges would have to implement the decision to abolish the “no delivery period” by May 01, 2002 and no further extension would be granted in this regard.
Attention is invited to licensing note no. 2 at the end of Chapter 12 of ITC(HS) Classifications of Export and Import Items, 2002-2007. Import of the crude drugs listed at the aforementioned licensing note is free. The heading of the table, stating that import is subject to actual user condition, is an editing error. Thus, the same may be ignored.
In order to ensure smooth functioning of T+3 rolling settlement, it has been decided that the Depository Participants (DPs) shall execute Beneficiary Owner’s instructions received within 24 hours before pay-in time of the respective Stock Exchange.
The matter regarding customs clearance of such goods has been examined in consultation with the Ministry of Textiles. The Ministry of Textiles have clarified that manufacture
Circular No. 633/24/2002-CX I am directed to enclose copy of Gujarat High Court’s decision dated 22-1-2002 in Ref. No. 1/2001 in case of M/s. Pioneer Silk Mills [2002 (141) E.L.T. 606 (Guj.)] for necessary action at your end.
F.No. 261/27/3/2002- Central Excise-8 Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Circular No.632/23/2002- Central Excise Subject: Storage of duty paid goods belonging to another manufacturer in a warehouse-clarification thereon. I am directed to refer to Board’s Circular No.579/16/2001-CX dated 26.6.2001 which inter alia provides for storage of […]
In this regard, it is hereby clarified that the condition on import of textile and textile articles as per the aforementioned notification, shall not be applicable on imports made by units operating under the conditions of section 65 of Customs Act, 1962. However, the condition regarding testing shall be made applicable if any consignment using the imported textile material is released for home consumption.
