The matter has been considered in ALC 22/01 dated 5.10.2000. During the meeting it has been pointed out that while allowing the import of Horns and Hoofs, sensitivity of “Mad Cow Disease” is to be examined and thus it has been decided that hereafter no advance licence should be issued by RLAs for import of items like Horn, Hoof & other organs of animals under Para 7.5 of Hand Book of Procedure (Vol.I). All applications for import of such items should be forwarded to Headquarters for consideration.
Attention is invited to Policy Circular No. 17 dated 14th July, 2000 containing the guidelines for the import of cars, microbuses etc by the Hotel industry and the Tourism Industry under 5% EPCG scheme. Under the present dispensation, both the Hotel and the Tourism Industry are required to execute the bank guarantee (BG), to the extent of 100% of the duty saved amount on import of car under the 5% EPCG Scheme, irrespective of the status of the licence holder.
I am directed to refer to section 3 of the Destructive Insects and Pests Act, 1914 as amended by the Destructive Insects and Pests (Amendment and Validation) Act, 1992, wherein it has been provided that the Central Government may, by notification under this section, also levy and collect such fees and its arrears at such rates and in such manner as may be specified therein for making an
I am directed to say that while conducting the investigation from vigilance angle in certain cases of export frauds, the Directorate General of Vigilance has noticed certain loopholes in assessment and examination procedures. To check these loopholes and to tighten controls, they have made following suggestions
Clarifications have been sought from the Board regarding admissibility of DEPB benefit to embroidered silk garments under DEPB entry at S.No. 74 of DEPB. Rate in the Textile Group. Similar issues regarding embroidered fabrics/ garments of various compositions, fabrics/garments containing metalised yam and definition of ladies dresses have come up during discussions in the DEPB Committee
The exchanges may collect a uniform margin of 12.5% on the carry forward position in the Modified Carry Forward System (MCFS) and on the trade positions in the Automated Lending and Borrowing Mechanism (ALBM) instead of the stratified margin slabs, as is the practice now.
The Exchanges which are eligible to provide these products are advised to announce the dates for the commencement of these facilities for these scrips after giving due notice to the market.
Circular No. 557/53/2000-CX In view of the tribunal judgement in the case of CCE, Chandigarh Vs. JCT Mills Limited [1999 (112) ELT/533(T)], the appeal against which has been dismissed by the Supreme Court on the ground of delay as well as merits, doubts have been raised in some Commissionerates whether dhotis and sarees which were woven in running length and after processing are sold as such by mere cutting at demarcated place and so far were being classified as fabric under Chapter 52/54/55,
The Directorate General of Foreign Trade has been receiving representations from various quarters seeking clarifications as regards the Classification of certain specific items under the ITC(HS) Classifications of Exports and Imports 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, the applicants have been suitably advised about the appropriate classification of such items under the ITC(HS). A list of the items, where clarifications were given, is given below for information of all concerned.
Further, the scrips of companies which has been or is being shifted to the ‘trade for trade’ window of the stock exchanges would be reverted back to the normal trading segment from the next cut off date after the depositories confirm to SEBI that the companies have established connectivity.
