Circular No.627/18/2002-CX I am directed to invite your kind attention to Board’s Circular No.9/83-CX 6 dated 20.6.1983 and Circular No.33/90-CX 8 dated 31.09.1990 vide which monetary limits for pre-audit/post audit of refund and rebate claims were prescribed. Board has been receiving requests for revision in monetary limit of the claims below which selective post audit could take place to enable Audit wings to devote time to more important areas of work.
Representations have been received from the Indian Silk Export Promotion Council that since the basic raw material in all the silk products and fabrics
Regulation 56 of the Regulations also requires a mutual fund to publish through an advertisement its scheme-wise annual report or an abridged summary thereof not later than six months from the date of closure of relevant accounting year and a copy of the abridged annual report is required to be sent to each unitholder.
In case of applicants at 2(a) above, Value of the licence to be issued in one year shall be limited to 50% of the average CIF Value of imports made by them during the years when this item was under SIL.
The proposal has been examined by the Board and it has been decided to allow movement of export cargo from ICDs/CFSs to Nepal and Bangladesh through Land Customs Stations.
I am directed to refer to Board’s letter F.No. 450/76/92-Cus.IV dated 28/9/1994 and Circular No. 28/95-Cus.,dated 27/3/1995 explaining the legal position regarding levy of Customs duty
Circular No.626/17/2002-CX I am directed to refer to Board’s Circular No. 581/18/2001-CX, dated 29th June 2001, specifying conditions, procedures, class of exporters and places under sub-rule 2 of rule 20 of Central Excise (No.2) Rules, 2001 read with Notification No 40/2001 – Central Excise dated 26th June 2001 dealing with the matter fo warehousing of excisable goods for the purpose of export. In paragraph 2 (2) of the said Circular,
Compounding of offence under Section 621A of the Companies Act, 1956 – companies under liquidation – clarification.
Import of Indian currency notes and coins by post is not permitted. However, whenever such notes, received by post, are detected by the Customs, the impounded currency
The matter has been considered and it is clarified that the port restrictions as per the Notification no. 41(RE-2001)/1997-2002 dated 19.12.2001, shall not be applicable on import of natural rubber made by units in SEZ. However, import of natural rubber is not allowed under any duty exemption scheme including EOU/EPZ except under SEZ.
