Circular No: 582/19/2001-CX-6 I am directed refer to the Notification NO. 42/2001-CE(BT) dated 26.6.2001 effective from 1.7.2001 which prescribes the procedure for export of excisable goods except Nepal and Bhutan without payment of duty. This notification replaces the earlier procedure governing export of such goods and there is no major departure from the procedure prevailing so far.
All pending brand rate applications for exports made under DEPB Scheme against DEPB-cum-Drawback shipping bills may be processed/disposed of accordingly.
Circular No.581/18/2001-CX I am directed to say that in pursuance of sub-rule (1) of rule 20 of the Central Excise (No.2) Rules, 2001 the Board has issued notification no. 46/2001-Central Excise (N.T.) dated 26th June, 2001 which will come into force on 1st July, 2001, whereby the warehousing provisions have been extended to all excisable goods specified in the First Schedule to the Central Excise Tariff Act, 1985 intended for storage in a warehouse registered at such places as may be specified by the Board and export therefrom.
Circular No.580/17/2001-CX I am directed to say that the Board has analysed the data of frequency of audit under EA-2000 and non-EA-2000, number of units paying duty Rs. one crore and above as well as number of units paying duty below one crore in a financial year, the number of audit parties in the Commissionerates and the efficacy of audit under EA-2001 vis–vis audit under non-EA-2000.
It has been observed that demand drafts received by SEBI towards Annual Fees payable by the sub- brokers as per Schedule III of Regulation 10 of SEBI (Stock Brokers and Sub Brokers) Regulations, 1992, either directly or through the concerned stock exchanges.
It will be mandatory for BSE/NSE to provide real time Sensex/Nifty data free to all the exchanges. It will also be mandatory for all the stock exchanges to have real time information of Sensex/Nifty data either from the respective exchange or through a vendor.
With the introduction of rolling settlement in 414 scrips from July 2, 2001 and the fact that all deferral products such as ALBM/BLESS/MCFS/CNS will no longer be available, it has been decided to withdraw the restrictions mentioned in the aforesaid circular on the Securities Lending Scheme.
Circular No. 579/16/2001-CX In exercise of the powers conferred under sub-rule (2) of Rule 20 of the Central Excise (No. 2) Rules, 2001, the Central Board of Excise and Customs specifies the following conditions, limitations, safeguards and procedures for removal of excisable goods to which the warehousing provisions have been extended by the Central Government vide Notification No. 47/2001-C.E. (N.T.)
For all those exports where the drawback had been allowed at a lower rate/cap, from 7.6.2001, supplementary claims may be entertained and processed in the light of the revised rates/caps. Wherever the provisional exports were allowed earlier (i.e. from 7.6.2001), the claims may be finalized accordingly.
With the introduction of the rolling settlement in 414 scrips from July 02, 2001, and the fact that all deferral products such as the ALBM/BLESS/MCFS/CNS will no longer be available, it has been decided to withdraw the above referred restrictions on short sales with effect from July 02, 2001.
