Circular No. 536/32/2000-CX It is directed to say that to give effect to the decision of the Government as announced by the Finance Minister in his Budget Speech (2000-2001) [Para 100] the Government has issued Notification No. 44/2000-Central Excise (N.T.) dated 30th June 2000 (to be effective from 1.7.2000), amending the Central Excise Rules, 1944 for dispensation of statutory records which were required to be maintained by manufacturer under the Central Excise Rules as per prescribed proforma.
If in respect of trades marked for delivery at the end of the day (to be certified by broker), the margins are secured by a bank guarantee from the investor in favour of the broker.
APEDA will ensure that the overall ceiling of coarse grains as above shall not exceed the limit of twenty five thousand MTs under any circumstances and as soon as the ceiling is exhausted, APEDA will report the fact to the Department of Commerce EP(Agri.II) Section under intimation to DGFT.
Some of the companies, whose scrips were included in the list of securities for compulsory trading in dematerialised form for institutional investors and OCBs, could not sign agreements.
Circular No. 793-Income Tax The Board has received various representations seeking clarification whether structures at ports for storage, loading and unloading etc. will fall under the definition of “port” for the purposes of sections 10(23G) and 80-IA of the Income-tax Act, 1961.
Circular No. 792-Income Tax In exercise of the powers conferred under section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes have made amendments to the Income-tax Rules, 1962, vide Notifications dated 11-5-2000, whereby certain changes have been effected in the Income Tax Return Form Nos. 2A, 2B, 2C, 2D(Saral), 3 and 3A as well as in Wealth tax and Expenditure tax return forms.
The market activity report shall be submitted at the end of each trading day by 5:00 p.m., and the initial margin & mark to market settlement collection report for the day shall be submitted before trading commences on the next day, latest by 10:00 a.m.
The market activity report shall be submitted at the end of each trading day by 5:00 p.m., and the initial margin & mark to market settlement collection report for the day shall be submitted before trading commences on the next day.
The facilities under this scheme shall be available to branded products recognised by the Committee meeting the above criteria with effect from 01.04.2000. For this purpose, applicants shall have to file their applications within sixty days from the date of issue of this circular. Thereafter no claim for benefit on exports from 01.04.2000 shall be considered. However, for other new applicants, in case of subsequent approval by the Committee, the benefit under this scheme shall be available on exports made from the date of filing of the application under the scheme.
Attention is invited to Paragraph 6.5 (vi) of the Exim Policy 1997-2002 incorporating amendments made upto 31st March,99 under which the physical exports made under Duty Exemption Scheme/Diamond Imprest Licence/Replenishment Licence by a manufacturer exporter who has obtained licences for the manufacture of the same export product under EPCG Scheme and the above schemes shall also be counted towards the discharge of export obligation under EPCG Scheme. The representations have been received from certain parties that while the above facility was made available in case of Advance Licences issued under Duty Exemption Scheme prior to 1.4.99 w.e.f. 1.4.1993.
