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Circulars

Recovery of dues/inspection fees levied under the Destructive Insects and Pests Act, 1914 – regarding

November 7, 2000 337 Views 0 comment Print

I am directed to refer to section 3 of the Destructive Insects and Pests Act, 1914 as amended by the Destructive Insects and Pests (Amendment and Validation) Act, 1992, wherein it has been provided that the Central Government may, by notification under this section, also levy and collect such fees and its arrears at such rates and in such manner as may be specified therein for making an

Export frauds – Suggestions for improvement in assessment and examination procedure – regarding

November 7, 2000 187 Views 0 comment Print

I am directed to say that while conducting the investigation from vigilance angle in certain cases of export frauds, the Directorate General of Vigilance has noticed certain loopholes in assessment and examination procedures. To check these loopholes and to tighten controls, they have made following suggestions

DEPB – export of embroidered fabrics and fabrics contain! metallised yarn, and ladies’ dresses

November 6, 2000 217 Views 0 comment Print

Clarifications have been sought from the Board regarding admissibility of DEPB benefit to embroidered silk garments under DEPB entry at S.No. 74 of DEPB. Rate in the Textile Group. Similar issues regarding embroidered fabrics/ garments of various compositions, fabrics/garments containing metalised yam and definition of ladies dresses have come up during discussions in the DEPB Committee

SEBI : President/Executive Director/Managing Director Of All Stock Exchanges

November 6, 2000 178 Views 0 comment Print

The exchanges may collect a uniform margin of 12.5% on the carry forward position in the Modified Carry Forward System (MCFS) and on the trade positions in the Automated Lending and Borrowing Mechanism (ALBM) instead of the stratified margin slabs, as is the practice now.

SEBI : President/Executive Director/Managing Director Of All Stock Exchanges

November 6, 2000 208 Views 0 comment Print

The Exchanges which are eligible to provide these products are advised to announce the dates for the commencement of these facilities for these scrips after giving due notice to the market.

Circular No. 557/53/2000-Central Excise, Dated: 03.11.2000

November 3, 2000 892 Views 0 comment Print

Circular No. 557/53/2000-CX In view of the tribunal judgement in the case of CCE, Chandigarh Vs. JCT Mills Limited [1999 (112) ELT/533(T)], the appeal against which has been dismissed by the Supreme Court on the ground of delay as well as merits, doubts have been raised in some Commissionerates whether dhotis and sarees which were woven in running length and after processing are sold as such by mere cutting at demarcated place and so far were being classified as fabric under Chapter 52/54/55,

Classification of various Products under ITC(HS) Classifications of Exports & Imports Items (1997-2002)

November 3, 2000 448 Views 0 comment Print

The Directorate General of Foreign Trade has been receiving representations from various quarters seeking clarifications as regards the Classification of certain specific items under the ITC(HS) Classifications of Exports and Imports Items, 1997-2002. Such requests made in terms of para 4.13 of the policy for issue of appropriate clarifications etc. have been examined and based on the decision(s) arrived at by the committee set up for this purpose, the applicants have been suitably advised about the appropriate classification of such items under the ITC(HS). A list of the items, where clarifications were given, is given below for information of all concerned.

SEBI : Trading and settlement of trades in dematerialized securities

November 3, 2000 340 Views 0 comment Print

Further, the scrips of companies which has been or is being shifted to the ‘trade for trade’ window of the stock exchanges would be reverted back to the normal trading segment from the next cut off date after the depositories confirm to SEBI that the companies have established connectivity.

Administrative Control over Export Oriented Units (EOUs) / Export Processing Zones- Instructions Reg

November 2, 2000 388 Views 0 comment Print

I am directed to invite your attention to the Board’s Circular No. 72/2000-Cus, dated 31-8-2000 on the above-mentioned subject. It has been brought to the notice of the Board by some of the Commissioner rates that the above said Circular is silent about the EHTP (Electronic Hardware Technology Park)/ STP (Software Technology Park) units

Circular No. 86/2000-Custom Duty Dated 1.11.2000

November 1, 2000 325 Views 0 comment Print

It is directed to refer to Notification No. 14/2000-Cus(N.T.) dated 25.2.2000 regarding appointment of Commissioner of Customs, Calcutta as Commissioner of Customs having jurisdiction over the whole of India for the purpose of investigation, issue of show cause notices against M/s Indian Oil Corporation Ltd. in respect of their consolidated duty liability on account of non-inclusion of ships

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