As per our Circular PMD/Cir. 11006/92, dated November 02, 1992, regarding handling of applications accompanied by stock-invests, point no. 8 states that “Registrars shall deposit the stock invest, duly filled in and sorted out “issuer bank branch wise.
“The successful/partially successful applicants’ stock invests would, after encashing, be deposited in the separate bank account, where the cash and other monies received from other investors are deposited.
“The successful/partially successful applicants’ stock invests would, after encashing, be deposited in the separate bank account, where the cash and other monies received from other investors are deposited.
“The successful/partially successful applicants’ stock invests would, after encashing, be deposited in the separate bank account, where the cash and other monies received from other investors are deposited.”
It is hereby clarified that, the consignments of Mulberry Raw Silk, pending clearance from the Customs, which were accompanied by certificate for grade of raw silk given by any of the notified agencies specified in the Notification No. 9(RE 99) 1997-2002 dated the 19th May, 1999, may be permitted to be cleared on the strength of the said certificates from such notified agencies without further reference to the Central Silk Board(CSB), except in cases where samples had already been drawn and where the C.S.B. had challenged/disputed the gradation of Raw Silk certified by a foreign inspection agency.
The Export Promotion Board has examined the request of the trade that transhipment of containers of export cargo may be allowed at gateway ports like Chennai and JNPT, whereby goods which are customs cleared for shipment in small ports would be transhipped by coastal vessels to the gateway ports from where they would be sent on foreign voyage by foreign-going vessels. Similarly, on return
The matter has been considered carefully and it is clarified that in terms of Public Notice No. 6 (RE-99) dated 6.4.1999, wherever exports have already been completed prior to the date of this Public Notice, but exports have been completed outside the export obligation period, then such exports are deemed to have been made within the prescribed export obligation period and no penalty is to be charged for such regularisation /extension. However , no refund whatsoever is permissible in cases where any penalties etc may have already been paid.
Representations have been received from the individual exporters as well as Synthetic and Rayon Textiles Export Promotion Council regarding classification of sarees/dhoties/lungies in textile group under DEPB scheme. The matter has been examined and it has been decided that unhemmed and or unstiched sarees/ dhoties/ lungies are classifiable as fabrics whereas hemmed and or stiched sarees/dhoties/lungies are classifiable as madeups under the DEPB scheme.
Circular No. 458/24/99-CX I am directed to say that in pursuance of the announcement by the Finance Minister in his Budget Speech 1999-2000 that as a measure of simplification of administrative procedure, the SSI units will be permitted to pay excise duty on monthly basis with effect from 1st June 1999, Notification No. 36/99-Central Excise (N.t.) dated 26th May, 1999 has been issued whereby new Rule 173GG has been inserted.
Attention is invited to para 2 of Notification No. 2 (RE-99)/1997-2002 dated 31.3.99 wherein it is notified that any item importable under Special Import License (SIL) shall be importable on surrender of SIL equivalent to three times the c.i.f. value of imports, except in those cases where the requirement of surrender of SIL is more than three times the c.i.f. value of imports.
