You are advised that listing of shares of companies which do not comply with the provisions of Rule 19(2)(b) of the SCRA (including cases of amalgamation, arrangement, demerger, hive-off etc) should not be directly done by the stock.
Circular No. 534/30/2000-CX “Provided further that where the amount of duty which has not been levied or paid or has been short levied or short paid or erroneously refunded is one crore of rupees or less a notice under this sub-section shall be served by the Commissioner of Central Excise or with his approval by any officer subordinate to him: Provided also that where the amount of duty which has not been levied or paid or has been short levied or short paid or erroneously refunded is more than one crore or rupees,
Scrips listed on the exchange consequent to the de-merger or spin off of any of the companies, which are included in the compulsory list for dematerialized trading for all investors, continue to be traded compulsorily in dematerialized form.
It is directed to enclose a copy each of notification NO. 79/2000-Cus. And No. 41/2000/CE,both dated 26.5.2000 issued by the Government to implement a new Export Promotion Scheme entitled”Special Economic Zone:. The scheme envisages a simple and transparent policy and procedure for the promotion of exports with minimum paper work. The scheme is detailed under paragraphs
Attention is invited to paragraph 7.56 of Handbook (Vol.1) (RE-00) which provides that the export shipments under DFRC can be effected from any port mentioned in paragraph 7.19. Since under Customs notification no.48/2000 dated.25.4.2000, ICD Jalandhar is a notified port for exports shipments under DFRC, the shipment made from ICD, Jalandhar may be considered for DFRC facility under paragraph 7.56 of Handbook (Vol.1),
epresentations have been received seeking clarifications, whether these imports are permitted through specified ports, whether the grade of Silk is to be verified before clearance by nominated agencies and whether Silk other than Mulberry Silk is also allowed to be imported against surrender of SIL.
It is directed to invite your attention to Board’s Circular No. 76/99-Customs, dated 17.11.99, on the above subject and to say that a doubt has beenraised with regard to debiting of bond in case of fresh import or local procurement of raw materials/capital goods. The doubt is in the context of sub-clause (v) of paragraph 6 of the above said Circular wherein it has been mentioned that the duty for
Circular No. 533/29/2000-CX Kindly find enclosed a copy of CEGAT final order No. 1222/99A dated 24.8.99 in case of M/s Escorts (JCB) Ltd. which has given a new dimension to the term “place of removal” used in Sec. 4 of Central Excise Act and point of time when the goods can be said to have been sold, which is in favour of revenue.
Circular No. 532/28/2000-CX Instances have come to the notice of the Board where it has been noticed that cases are not being investigated carefully and all relevant facts relating to the case are not being incorporated in SCNs and the adjudication orders. As a result when the issue is agitated before the CEGAT either by the party or the Department, CEGAT gives benefit of doubt to the party since DR is not in a position to explain finer issues/facts of the case.
Circular No. 531/27/2000-CX It is directed to refer to the Board’s Circular No. 459/25/99-CX dated 8.6.99 whereby the “Proforma of Declaration” under rule 173C relating to commodities notified under section 4A has been specified. Your attention is drawn to Note (2) in the Said Proforma (which was based on erstwhile Explanation 2 to section 4A) wherein it is mentioned that in case of different retail sale price for different regions/States,
