I am directed to refer to Board’ Circulars No. 426/59/98-CX dated 12th October 1998 and No. 445/11/99 dated 17th March 1999 on above mentioned subject read with para 10 of part I of Chapter 7 and para 6 of part I of Chapter 8 of Central Excise Manual issued on 1.9.2001. Under the aforesaid instructions, the facility of self- certification and self- sealing of export goods was granted to specified categories of manufacturer-exporters based on certain criteria
Trade has represented that with the re-allocation of customs/central excise work, after creation of smaller commissionerates, many of the customs bonded warehouses fall within the jurisdiction of Commissioner of Central Excise and in such cases the officers of central excise commissionerates also perform the work of customs officers for the purpose of allowing clearance of goods from customs bonded warehouse.
These instructions are issued under Regulation 20 of SEBI (Foreign Institutional Investors) Regulations, 1995 and shall come in force with effect from the second fortnight of August 2003. The enclosed revised reporting format supercedes the previous reporting format prescribed vide our circular no. FITTC/CUST/14/2001 dated October 3, 2001.
It is observed from manufacturers catalogues and product literature that CD mechanism consists of a rigid frame housing a motorized turntable that rotates the disc, and a radial mechanism which positions and tracks a single or 3 beam optical pick up across the disc. The objective lens of the pick up is moved by a focus coil which focuses a laser light spot onto the information layer of the disc.
I am directed to state that doubts have arisen in field formations regarding determination of the aggregate value of clearances of all excisable goods for home consumption in the preceding financial year 2002-2003 to decide the eligibility for availing the benefit of excise duty exemption under Notification No.8/2003-Central Excise, and Notification No..9/2003-Central Excise both dated 1st March, 2003 for the financial year 2003-04
The same notification, at Sl.No.44, provides for concessional rate of customs duty on similar plain plastic films when imported for manufacture of plastic film capacitors, etc. However, the explanation inserted under Sl.No.52 of the said notification is not there under Sl.No.44. Such an explanation under Sl. No. 44 of the notification has been inserted only in the recent budget (2003) i.e. on 1.3.2003.
I am directed to say that it has been brought to the notice of the Board that often there is delay in issue of Adjudication/Appellate orders in cases where personal hearing has already been concluded. In certain cases the issue of orders has taken substantially longer periods even after conclusion of personal hearing. This kind of situation could result mainly due to lack of proper supervision on the part of the senior officers.
The Ministry of Finance announces an increase in sitting fees for company directors through the Companies (Third Amendment) Rules, 2003.
Circular No. 731/47/2003-CX I am directed to say that as you are aware that Excise Audit manual for EA-2000 was first issued in March, 1998 which was updated in June 1999 and then in September 2001. Subsequent to that, Board had issued instruction dated 11th June 2002 for selection of units paying duty upto Rs.1 crore for EA 2000 Audit using Risk Assessment techniques. Over a period of time, experience has been gained in audit techniques
As per the information provided by both the depositories 165 more companies have established connectivity with both the depositories.
