Attention is invited to Board’s Circular No.710/26/2003-CX dated 23rd April 2002 issued from F.No.390/198(M-2)/2002-JC wherein field formations were sensitized on the need to remove the deficiencies and inadequacies in the manner of filing departmental Appeals. As you are aware, an Expert Group under the Chairmanship Shri R.K. Tiwari, Chief Commissioner of Customs & Central Excise,
Circular No. 8/2003-Income Tax Finance Act, 2003 has amended section 206 of the Income-tax Act, 1961 with a view to provide for mandatory filing of returns relating to tax deduction at source by principal officers of companies responsible for deducting tax on computer media. For this purpose, the Board has been empowered to notify an appropriate scheme in the Official Gazette
An exporter exports a complete bus. The Chassis portion of the bus has been manufactured by using various parts, components, compressor for air-conditioner. The details as regards the duty incidence suffered on various inputs is provided in DBK-II and IIA supported by duty paying bills of entry.
The export obligation period for the advance licences issued as per Policy Circular No.9 dated 30.6.03 will be fulfilled within a period of six months from the date of import of the first consignment (and not from date of issuance of licence as laid down in Policy Circular No.9 dated 30.6.03). Para 4.22.1 of Handbook of Procedures (Vol I) shall however be applicable for advance licences issued under Policy Circular 9 dated 30.09.2003 for the purpose of extension in export obligation period.
In this case M/s Elephanta Oil and Industries Ltd., Bombay (M/s Jain Shudh Vanaspati) had imported inedible Beef Tallow from Singapore and submitted bills of entry dated 16th June and 1st July 1983 and claimed clearance against licence dated 29.6.1981. By the time the goods were imported, a Public Notice No. 29/81 dated 5.6.1981 had already been issued putting beef tallow in the canalized items list and not permitting the same under O.G.L. items. Collector of Customs,
I am directed to invite your attention to Board”s Circular No. 707/23/2003-CX dated April 16, 2003 regarding availing of ad-hoc exemption duty by Institutions/Organisations under Central Excise Act. In partial modification to this circular, I am directed to say that in para 1 (b) of the circular words as mentioned “concerned district authorities”
Kind attention is invited to DOR Circular No.58/2003-Cus. dated 16.7.2003 on the above subject. In Para 3 of the said Circular it was conveyed that export incentives in respect of 63 Indian exporters listed in AEPC Public Notice dated 6.2.2003 in respect of garment exports to Russia against Non-Quota Entitlement should not be released until completion of final investigation by Ministry of Textiles and AEPC.
Circular No. 7 of 2003-Income Tax The Finance Act, 2003 as passed by the Parliament, received the assent of the President on 14th May, 2003 and has been enacted as Act No. 32 of 2003. This circular explains the substance of the provisions of the Act relating to direct taxes
In view of position explained above, I am directed to clarify that certification charges paid by the exporter to the certifying agencies shall not be considered to be additional value for the purpose of this notification and diamond re-imported after certification by the specified agencies abroad shall be eligible for duty free import provided other conditions of the said notification are fulfilled.
In this regard, representations have been received by the Board from trade and industry, that private ICD operators are charging insurance charges even after the goods are insured by exporters and importers.
