NSDL has now informed us that SIBAR SOFTWARE SERVICES, which was erroneously added in the list of non-available companies, is now available for dematerialisation with NSDL.
Circular No. 537/33/2000-CX I am directed to refer to Board”s Circular No. 452/18/99-CX.4 dated 7.4.99, wherein with reference to the question as to whether demand arising from a change in the classification accures from the date of show-cause notice or from the past period as provided under Section 11A of the Act, the Board had clarified that pending decision of the larger Bench of the Supreme Court in case of Cotspun Limited, demand notices under Section 11A may be issued for the permisible past period in pursuance of Section 37B Order but not be enforced.
Board has issued Circular No. 76/98-Cus. dated 12th October, 1998 which inter alia stated that duty payable on goods imported under EPCD Scheme and Project Import etc. can be debited in a DEPB scrip instead of payment in cash
Attention is invited to Notification No. 2 (RE-2000)/97-02 dated 31.03.2000, according to which import of PCB’s classified under Exim Code Nos. 851790 00.10 and 853400 00.20 was made free. Attention is also invited to Notification No. 15 (RE-2000)/97-02 dated 10.05.2000, according to which licensing note no.2 at the end of chapters 84,86,87,88,89,90,91,92,93,94,95,96 and 98 was deleted and public Notice No. 290(PN) dated 30.04.95 was withdrawn.
Various representations have been received in the Board that Customs House are not granting All Industry Rates of Drawback equivalent to Central Excise duty portion on resultant product exported under DFRC Scheme for want of DFRC licence
The SEBI has reconvened the Committee under the Chairmanship of Prof. J. R. Varma, Member SEBI Board to review the existing Modified Carry Forward System and to examine the introduction of Carry Forward System under Rolling Settlement.
Regarding the erstwhile zero duty EPCG Scheme, it is clarified that , no enhancement in the CIF value of the licence shall be considered by the Licencing Authorities In respect of licences issued under the scheme. Any change in the import items , incorporation of new item , deletion of any old item etc. may , however, be allowed in respect of zero duty EPCG licences , provided the CIF value of such licences is not exceeded.
I am directed to refer to the Circular No. 69/99-cus., dated the 6th October, 1999 [See 1999 (113) E.L.T. T50] on above mentioned subject. In the said Circular a procedure has been prescribed for movement of imported cargo in containers/trucks from Airports/CCCs to ICDs/CFSs/Airports/ACCs. In this connection, references have been received from trade and the Ministry of
Some representations have been received from exporters wherein they have claimed that the Customs are interpreting the value caps as imposed on Bulk Drugs, to be applicable on the chemical formulations consisting of such bulk drugs. In this connection it is clarified that the value caps, as imposed on bulk drugs, shall not be applicable to chemical formulations consisting of such bulk drugs.
I am directed to refer to the subject mentioned above and to say that a representation has been received from the Stock Exchange, Mumbai stating that the Customs authorities are insisting on payment of Customs duty when shares held by NRIs abroad are re-imported for sale or dematerialization. It has been stated that presently the NRIs are allowed to invest in India shares and hold
