SEBI vide its circular no. SMD/POLICY/CIR-24/97 dated September 26, 1997 had, inter alia, stated that if associates of defaulter-broker are holding membership in other stock exchanges, then action.
Circular No. 587/24/2001-CX A doubt has been raised whether rockwool/slagwool in which more than 25% blast furnace slag was used is classifiable under heading 68.03 as slagwool, rockwool and similar mineral wool being specific entry for the said goods or under heading 68.07 as goods , in which more than 25% by weight of blast furnace slag has been used.
I am directed to forward herewith a copy of the following Notification published in the Gazette of India (Extraordinary) for your information and necessary action.
Circular No. 586/23/2001-CX Attention is drawn to the ‘preface’ of the Manual, in which it is mentioned that the contents therein shall be treated as instructions of the Board in supersession of all instructions that existed prior to 1.9.2001 on identical issues. There are certain instructions in the Manual, which are in nature of ‘supplementary instructions’ under the provisions of rule 32 of the Central Excise (No.2) Rules, 2001 and they have to be given due cognizance
Circular No. 585/22/2001-CX.I I am directed to draw your attention to Ministry’s circular No. 4/88 (File No. 10/1/88-CX.I) dated 16.2.88 on the subject noted above and to say that the said circular predates amendment of chapter 21 by Finance Act, 1998 and as such is no longer relevant for subsequent period and is withdrawn.
Circular No.584/21/2001-CX The matter relating to cutting of HR/CR coils of larger width and running length in the form of coil into sheets of the same width but specific sizes was considered in Tariff Conference of Chief Commissioners held at Mumbai at 29.8.2000 and the general view was that the activity would not amount to manufacture. The matter has been further examined in the Board.
The name of the officer may also be embroidered in big letters on the uniform and the officials may be directed to display their identity cards on their uniform at all time.
Kind attention is invited to Para 6 of Department of Revenue Circular No.85/99 -Customs dated 23.12.99 in terms of which TRA facility under DEPB Scheme has been extended for import only to ports, Airports, ICDs, LCSs which are notified in DEPB Customs Notification No.34/97- Customs.
Companies shall be required to make disclosures in compliance with the Accounting Standard on “Related Party Disclosures” in the annual reports
The regional offices may accept the logging carried out by the Customs Authorities based on their assessment of the final export product provided the corresponding inputs are accounted for as per the existing norms or those fixed by the competent authorities.
