The revised EXIM Policy, 1997-2002 & corresponding Hand Book of Procedures (HOP), incorporating amendments in the policy upto 31-3-99, comes into force from 1st April 1999. The amendments made in the Chapter-9 of the EXIM Policy and Handbook of Procedures and agreed to, by our Department have necessitated amendments in notifications, governing standalone 100% EOUs
Ministry of Health and Family Welfare, New Delhi have brought to the notice of Board that some imported consignment of food articles have been cleared by Customs without getting the samples analysed in terms of PFA, Act, 1954. As clearance of imported food articles without analysis may involve the risk of entry of adulterated/contaminated food articles into the country, they have requested
I am directed to invite your kind attention on the above subject. As you are aware, the present system of pre-shipment inspection of certain silk goods entails submission of an application with a sample swatch to the CSB Certification Centre by the exporters. This is followed by testing of the sample swatch by CSB to the determine the composition and silk contents. Then an inspection at the
Under the SS No. 63.061 of the Drawback Table, the entry which was “All Other Made Ups when Modvat facility has not been availed” remains the same as it was in the last year”s Table of 1998-99. However, while amending the drawback rate vide Notification 14/99 dated 8.2.99, inadvertently the entry was referred to as “All Other Made Ups” only. It may be clarified that the said entry in the new
The Ministry have announced the new All Industry Rates of Drawback vide Notification No. 31/99-Customs (N.T.) dated 20.5.99. These rates will come into effect from 1.6.99. Till such time, the existing rates of drawback will continue to apply. A copy of the Press Note issued is enclosed highlighting the important changes made in the Drawback Table, which are as under
Representations have been received from various exports organisations regarding delay in processing and settlement of drawback claims at various Customs locations
his issue of disclosure regarding the outstanding position was further discussed in the meeting of B D Shah Committee on Short Sales held on April 26, 1999. It was noted that presently the outstanding position as reported by the members are disclosed and are not obtained from the system of the Exchange.
It has come to our notice that some of the share transfer agents are taking an unduly long time for dematerialisation of shares and are also rejecting the dematerialisation requests on flimsy grounds without providing necessary reasons and legal documentation.
It has come to our notice that some of the share transfer agents are taking an unduly long time for dematerialisation of shares and are also rejecting the dematerialisation requests on flimsy grounds without providing necessary reasons and legal documentation.
Circular No. 457/23/99-CX I am directed to say that in Para 68 of the Budget Speech (1999-2000), the Finance Minister had announced that the factories paying more than 5 crores excise duty in a year will not be required to maintain their records in a specific format prescribed by the Excise Department. The records maintained in the normal course of their functioning would be accepted as adequate.
