The undersigned is directed to state that some doubts have arisen regarding applicability of notification nos. 34/2003-CE and 35/2003-CE, both dated 30.04.2003 in cases of readymade garments or the grey fabric manufactured on job work.
I am directed to say that as you are aware that an exporter can execute bond or the Letter of Undertaking for export of goods without payment of excise duty or file claims of rebate of duty paid on finished goods exported with the Maritime Commissioner. Presently, the Maritime Commissioners are located at 10 places for the purpose of filing rebate claims vide notification No.40/2001-CE( N.T.), dated the 26th June, 2001
The Exchange shall monitor the FII position limits and the NRI position limits. The NRI would be required to notify the names of the Clearing Member/s through whom it would clear its derivative trades to the Exchange.
In this context, reference is invited to the earlier Circular no. 62/99, dated 17.9.99, on the subject, wherein on the basis of advice tendered by the Ministry of Law, it was clarified that revised interest effective from 12.5.99 is applicable in respect of goods warehoused prior to that date but only from the expiry of six months or 12.5.99 whichever is later. Accordingly, it is again being clarified that all goods which are cleared after 14.5.2003, irrespective of their date of warehousing, i.e. whether prior to or after 14.5.2003, shall be eligible for the interest- free period of a total of 90 days.
The exchanges are required to give a declaration to SEBI in respect of adoption / implementation / incorporation of provisions of the Model Bye-laws in the byelaws of the exchange, on completion of the exercise.
.The stock exchanges shall also take suitable steps for initiating action against companies for non-compliance, if any, with the aforesaid disclosure requirements.
The representations have been received in this office with regard in the leviability of Service Tax under the category of Advertising Agency Services in respect of persons agencies engaged in canvassing for advertisements for which they get commission from the publishers. The persons involved do not provide any service like making, preparing, displaying and exhibiting and only undertake canvassing for the advertising.
I am directed to refer to Notifications No.49/2003-CE and No.50/2003-CE, both dated 10.06.2003 vide which, inter alia, the goods manufactured by new industrial units which have commenced production on or after the 7th January, 2003 or by existing industrial units which have undertaken substantial expansion by way of increase in installed capacity as per the provisions contained in said notifications and set up in the State of Himachal Pradesh and Uttaranchal have been exempted from payment of excise duty.
In order to ensure that adequate disclosures are made to help investors in taking an informed decision, it has been decided to modify the formats for disclosures under regulation 29 (1), 29 (2) and 31 of the Regulations
The Companies (Appointment and Qualifications of Secretary) (Amendment) Rules, 2003 – Appointment on population basis.
