Circular No. 436/02/99-CX I am directed to say that in the context of Self Assessment and Selective Audit Systems which are currently being followed in the Central Excise . It is imperative to have substantially increased participation of the senior officers in the work of audit. Test audit is also being undertaken on the basis of the New Draft Audit Manual and Draft Audit Programme. In this regard, attention is drawn to Parts (4) (iii) of Part-I of the Central Excise Audit Manual
Circular No. 435/1/99-CX As directed by the Delhi High Court, the Board has reconsidered the Circular No. 335/71/97-CX. dated 18.11.97 in the light of the CEGAT judgement dated 13.2.98 in the case of Mahindra & Mahindra Ltd. v. CCE, Bombay [1998(103) ELT 606 (T)].
The application should be forwarded to SEBI with the registration certificate of the transferor member/ corporate and this registration would be cancelled..
The issue has been examined and it has been decided that the licensing authorities may also grant, on application by the exporter, further pre export DEPB to the extent the export have already been completed in the previous pre export DEPB issued to such exporter. However, at no point of time, the value of pre export DEPB issued to such exporter shall exceed the entitlement given in paragraph 7.35 of the Exim Policy (RE-98), 1997-2002.
Circular No.772 – Income Tax In respect of incomes of all categories of taxpayers (corporate as well as non-corporate) liable to tax for the assessment year 1998-99, the rates of income-tax have been specified in Part I of the First Schedule to the Act and are the same as those laid down in Part III of the First Schedule to the Finance Act, 1997
It has been decided to allow export of 25,000MT of Wheat by M/S Karnataka State Cooperative Marketing Federation Ltd., ( KSCMF) Bangalore to Bangladesh @US$162Per MT C&F Gede for Darsana by Rail and /or C&F Sonamasjid/Hilli by truck and place it at the disposal of APEDA for issue of RCACs in favour of M/S Karnataka State Cooperative Marketing Federation Ltd., (KSCMF ) Bangalore.
Importers are entitled to clear goods against debits in valid Passbooks vide Entry No. 13 Notification No. 34/98- Cus. dated 13.6.98. Merchant exporters are otherwise entitled to the benefit of exemption from SAD vide S. No. 12 of Notification No. 34/98-Cus. dated 13.6.98. This is a stand alone entry which exempts all goods which are for sale as such, and so long as the importers make a
I am directed to refer to Sl. No. 171 of Notification No. 2398-Cus dated 2.6.98, wherein goods specified in List 29, Sl. No. (i) (a), Wireless in Local Loop System (excluding terminal equipment) for basic Telecom Service Project, are extended concessional duty @ 20% basic and ‘Nil’ additional duty
Please refer to Board’s Circular Nos. 10/ 97- Cus. dated 17.4.97, 28/ 97 – Cus, dated 30.7.97, 5/98- Cus. dated 23.1.98, 19/98- Cus. dated and 33/98- Cus. dated 13.5.98 regarding DEPB Scheme & TRA facility there under
In this regard, questionnaire were sent to all Registrars to an Issue/Share Transfer Agentson September 19, 1998 and a reminder was sent on October 15, 1998. It is observed that many Intermediaries have not responded and in some cases their system is not Y2K compatible. It is advised that all Registrars to an Issue/Share Transfer Agents shall ensure that their system is Y2K compatible on or before June 30,
