I am directed to invite your attention to above mentioned subject and to state that the Ministry of Commerce has brought to the notice of the Board that the exporters of hosiery are facing problems in shipment of exports via a port other than the port mentioned in the AEPC certificate for which they have to obtain the amendment in the AEPC certificate and then the amendment in the Shipping Bill is permitted by the Customs. In the entire process delay is caused which eventually affects the target date of exporters.
Marine Products Export Development Authority (MPEDA) and Seafood Exporters Association of India ( SEAI) represented to Board that as a result of investigation by DGRI/Customs, export of fish and fish products had suffered and many genuine exporters were facing difficulties in meeting their export schedule. Further, the delay in registration of DEPB scrips was causing delay in clearance of import consignments.
requirement of filing of specific documents/statements applicable to further 500 companies, selected on the basis of market capitalization and turnover, the list of which is enclosed.
In this regard, SEBI had received representations from some stock exchanges expressing their inability to compute the mean impact cost calculations at their exchanges and sought the permission to use the impact cost calculations of NSE/ BSE.
This circular is being issued in exercise of powers conferred by section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
This circular is being issued in exercise of powers conferred by section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with section 10 of the Securities Contracts(Regulation) Act 1956, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
In view of this, it is hereby clarified that the said goods may henceforth be classified under heading 94.04 of the Customs tariff from the date of issue of this Circular. Board”s circular, till it is in force, is binding on the field formations. Therefore, it may kindly be noted that change of classification of the said goods will only be prospective and assessments of all Bills of Entry filed between 25.10.2001 i.e. the date on which the earlier Circular no. 56/2001-Cus was issued, till the date of this revised circular, will be under CTH 90.19.
Circular No. 5 of 2003-Income Tax Rules 7A and 7B of the Income-tax Rules, 1962 inserted by the Income-tax (Second Amendment) Rules, 2001 w.e.f. 1-4-2002 provide that income from manufacture of rubber and coffee, as mentioned therein, shall be computed as if it were income derived from business and a specified percentage of such income shall be deemed to be income liable to tax
In order to ensure that Indian nationals entering Nepal are not inconvenienced for the reason of not carrying necessary prescribed documents (as circulated vide Circular No. 55/2002-LC, dated 28.8.2002) or for carrying such prohibited currency notes (as circulated earlier vide Circular No. 81/2000-Cus., dated 3.10.2000) inadvertently or unknowingly alongwith them, you are requested to give wide publicity to the prohibition imposed regarding possession of Indian currency notes of Rs. 1000/-denomination in Nepal under the Nepalese Gazette notification, dated 10.3.2003.
The Board has examined the issue. In this connection, I am directed to clarify that the assessee need not be asked to pay the service tax again. In such cased the matter should be sorted with the P.A.O. As regards to the cases where the assessee was asked to pay service tax again, the amount thus paid may be refunded by the concerned divisional Asst. Commissioner/Deputy Commissioner. ST Circular No. 58/7/2003
