It has come to the notice of SEBI that there is a conflicting interpretation of clause 97 and clause 100 of uniform norms for Good/Bad delivery with respect to validity period of company objection memos.
In this respect, you are advised that it has been decided to grant permission to these subsidiaries of the stock exchanges to become trading.
The matter has been examined. In this connection, comments on classification and assessment practice followed were called for. The Custom Houses were also requested to forward copies of brochure/technical literature of the equipment in question. From the reports received, it appears that the Custom Houses are following the decision of the Conference of Commissioners of Customs on Tariff and Allied Matters
I am directed to invite your attention to the subject mentioned above. It has been brought to the notice of the Board that chemical compounds like monopotassium phosphate, calcium nitrate and potassium magnesium phosphate are being classified as fertilisers under Chapter 31 of the Customs Tariff and levied to duty at a concessional rate as applicable to a fertilisers.
Board also desires that meetings between Quarantine/Veterinary Officers and your officers be organised where officers from Department of Animal Husbandry and Dairying and Commerce Ministry could also be invited for effective implementation of the aforesaid notification. Difficulties, if any, in implementation of this Circular may be brought to the notice of the Board. Kindly acknowledge receipt of the Circular.
I am directed to forward herewith a copy of the following Notifications published in the Gazette of India (Extraordinary) for your information and necessary action
It has been decided that the stocks, which are not under compulsory rolling settlement as on July 02, 2001, would be brought under compulsory rolling settlement with effect from January 02, 2002.
As instructed even earlier, serious view may be taken where the delays are on account of CHAs & steps should be taken to ensure that they realize their responsibilities under CHA regulations and expedite action where the Bills of Entry/Shipping Bill is returned to them – for giving reply to query/arranging examination of goods/payment of duty etc.
In terms of SEBI circular SMDRP/Policy/Cir-39/2001 dated July 18, 2001 issued to the stock exchanges, it is mandatory for the stock brokers to use unique codes for their clients w.e.f. August 01, 2001. Accordingly,
This amendment was merely for simplifying the procedure for the filing of deemed export claims especially in cases involving a large number of supplies to different project authorities and would be applicable to all such deemed exports effected prior to 01.04.2001 as well.
