The matter has been examined by the Board. It is noted that no appeal has been filed against the decision in the case of Sudharsan Pine Products. It would therefore not be appropriate to ignore it. However, the Deptt. would be within its rights to verify through our missions abroad, or otherwise, the claim of the supplier or the importer (about non-use of power) and till then the assessments could be kept provisional. However, a certificate from the Chamber of Commerce or a Govt. agency of the supplying country.
While providing the margin trading facility, the broker shall be prudent and also ensure that there is no concentration on any single client.
This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interest of investors in securities and to promote the development of, and to regulate the securities market.
In terms of Rule 20(2)(a) of the 3. Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, final anti-dumping duty can be levied with retrospective effect from the date of imposition of the provisional anti-dumping duty, only if a provisional duty was levied and the designated authority had recorded a final finding of injury.
It is clarified that for the purpose of calculating the mark to market component of the portfolio of the liquid scheme(s)/plan(s), money market instruments shall be excluded. Further, the repricing tenor of each of the securities included in the portfolio of the liquid scheme(s)
I am directed to refer to Board’s circular No. 781/14/2004-CX dated 23rd March, 2004 on above mentioned subject and to say that the matter is under further examination. Circular No. 781/14/2004-CX dated 23rd march 2004 may be treated as withdrawn.
Representation have been received in the Board with regard to levy of service tax on the activities undertaken by the television serial producers
I am directed to invite your attention to notification No. 43/2001-CE (NT) dated 26.6.2001 as amended issued under rule 19(3) read with rule 19(2) of Central Excise Rules, 2002 wherein procurement of excisable goods without payment of duty for the purpose of use in manufacture or processing of export goods and their exportation out of India has been provided subject to the conditions, safeguards and procedures mentioned therein.
directed to forward herewith a copy of the Notification published in the Gazette of India for your information and necessary action.
Attention is invited to Policy Circular No. 33 dated 15th November, 2000 specifying the 100 % Bank Guarantee conditions for importability of cars, microbuses etc. by travel agents, tour operators, tourist transport operators under 5 % EPCG Scheme. Since Public Notice 53 dated 27-2-2004 has been notified allowing Bank Guarantee/LUT facility as per the conditions stipulated in the said public notice, the aforesaid policy circular stands withdrawn from immediate effect.
