The matter has been examined in consultation with the Controller General of Accounts(CGA). It has been stated by the CGA that after departmentalisation of accounts , in terms of rule 1-A, CTRs are applicable
Circular No.639/30/2002-CX I am directed to say that doubts have been raised whether the provision of Explanation 2(a) to Section 4A of the Central Excise Act, 1944 will apply in cases where an assessee declares two MRPs on a package and crossed out one MRP (generally the higher one) to show consumers that they would be saving by purchasing the product at the reduced 2nd MRP. The crossed out MRP is clearly visible.
As regards to Special Certification requirement for special preferential raw cane sugar under European Commission Regulation No. 2513/2001, the following endorsements may be made in respect of preferential sugar export to EU from India.
FIIs are required to pay margins on their sale position in terms of circular no. SMDRP/Policy/Cir-34/2001. This margin was imposed as a temporary measure and has since been withdrawn.
Circular No. 638/29/2002-CX I am directed to state that on a reference from Commissioner of Central Excise, Madurai on the above mentioned subject , the matter regarding Central Excise duty free supply of LSD and HSD to the research vessels has been examined by Board in the context of the provisions of Customs Act,1962 and Central Excise Rules,2002 in so far as relating to the definitions of ‘exports’ and ‘India’.
This was as a temporary preventive measure to address excessive market volatility. The Group in its meeting decided that since this was a temporary measure, the price band of 10% as imposed earlier be withdrawn.
It has been brought to our notice that some of the Foreign Institutional Investors (FIIs) have been writing off securities held by them or their Sub-Accounts (SAs) due to various reasons.
It has been decided by the Department to revise the filing fees payable by Foreign Companies under Section 601 of the Companies Act, 1956 read with Rule 20 of the Companies (Central Government) General Rules and Forms, 1956 from existing Rs. 1,000 to Rs. 5,000 per document. The Notification [No: GSR 330(E)] dated 7.5.2002 issued to this effect is enclosed
The format of the Monthly Activity Report (MAR) is enclosed in Annexure A for the trading and settlement activities for the Derivatives / F&O segment at the exchange.
Audit qualifications shall be disclosed in the un-audited/audited financial results published by companies under Clause 41 of the Listing Agreement alongwith the impact of audit qualifications on the profit or loss when there is an audit qualification in the accounts of a listed company
