As per paragraph 9.12 of the Exim Policy, 1997-2002 (as amended upto 31st March, 1999), the EOU/EPZ/EHTP/STP Units are allowed to supply or sell in DTA, annually, samples of goods produced by it for display/market promotion, upto 1% of the value of previous year”s export or maximum of Rs. 10 lakhs in case of new unit going into production, on payment of applicable duties
The Exchanges would prepare detailed contingency plans for themselves and the member brokers and forward it to SEBI latest by August 31, 1999.
Kind attention is invited to Policy Circular No. 17/96-97 dated 1.10.1996. It has been clarified, therein, that for the purpose of fulfillment of export obligation, the EPCG licence holder should export cotton yarn of 41 counts and above and in case he intends to export cotton yarn of less than 41 counts , then, raw cotton shall be imported. The matter has been reviewed by the Empowered Committee under the chairmanship of Secretary.
This Directorate has been receiving representations from various quarters seeking clarifications as regards the Classification of certain specific items under the ITC(HS) Classifications of Export and Import Items, 1997-2002. Such requests made in terms of para 4.13 of the policy for issue of appropriate clarifications etc. have been examined and based on the decision(s) arrived at by the committee set up for this purpose.
Circular No. 479/45/99-CX Doubts have been expressed as to whether fitting of duty paid parts and components of an air-conditioner in a car amounts to manufacture of a car-air-conditioner. It is observed that generally the auto garages are involved in this type of activity wherein they acquire from market individual parts and components of a car air-conditioner and fit the same in a car. The issue was earlier discussed in the Board”s Circular No. 21/88-CX.4
SEBI had vide circular no. SMD/POLICY/5325/96 dated October 30, 1996, issued guidelines for the expansion of the trading terminals. In this regard, it was decided that expansion of the trading terminals of the regional exchanges to centres.
The TRIFED Ltd may designate , The National Agricultural Co-operative Marketing Federation of India Limited(NAFED), The National Dairy Development Board Ltd (NDDB) , The Madhya Pradesh State Cooperatives Oilseeds Growers Federation Ltd , The Karnataka State Agricultural Produce Processing and Export Corporation Ltd. and Bihar and Andhra Pradesh Government nominated Agencies as their Associate Shippers.
It has been brought to our notice that the Executive Directors of the stock exchanges do not have financial powers to sanction the normal revenue expenditure and to issue cheques. In some of the cases though the financial powers have been given to the Executive Directors to sanction the expenditure.
As you are aware, Master of Ships or owners / agents of vessels are permitted to carry on board Indian currency notes of denomination up to Rs 50/- for disbursement of wages to the crew of the ships etc. In this regard, Indian National Shipowners” Association (INSA) had requested RBI to permit the foreign going vessels to take on board the Indian Currency notes of higher
Circular No. 478/44/99-CX The Chief Departmental Representative, Customs, Excise & Gold (Control) Appellate Tribunal, New Delhi have been making substantial efforts and we have not started putting not only the gist of the cases decided in CEGAT in favour of the Department at Delhi, but even at Chennai. Similar entry at Mumbai and Calcutta is also planned in the near future. Those CEGAT orders can be easily seen on their computers by all the Commissioners once hey see the CDR”s Website pages.
