The Reserve Bank of India vide D.O. No. EC.CO. PCD 20/15.02.68/99-2000 dated August, 2000 has informed that the practice of endorsement on the passports of the foreign exchange released to the traveler is being dispensed with in the case of all types of business travellers. As regards the individual travellers on private visits, the endorsement of foreign exchange released will continue as
It is directed to refer to the subject mentioned above and to say that in terms of Sl.No. 1 to Notification No. 148/94-Cus., dated 13.7.94, foodstuffs, medicines, medical stores of perishable nature, clothings and blankets imported by a charitable organisation, as free gift, are exempted from payment of Customs duty subject to condition mentioned therein. Clause (v) of the said condition
In the wake of certain doubts raised and brought to the notice of the Directorate General of Foreign Trade regarding the applicability of the size restrictions on the different forms of Plastic Wastes/Scraps envisaged vide para 1(ii) of the said Public Notice No. 392 (92-97) dated 01.01.1997, in consonance with the views of the Ministry of Environment & Forests.
It has also been decided to fix a ceiling of 20 (Twenty) million Kgs. For export of hank yarn below 60s for the calendar year 2000. However, exemption for export of hank yarn below 60s count by 100% EOUs and units under Advance Licensing Scheme, as at present, would continue.
Circular No.548/44/2000-CX The matter relating to classification of plastic grills used in air conditioners was earlier examined by the Board and by issue of circular No.121/32/95 dated 2.5.1995 it was clarified that plastic grills used in air conditioners are identifiable parts of air conditioners and are more appropriately classifiable under heading 84.15 of Central Excise Tariff. The same ratio was made applicable to steel and aluminium grills used in air conditioners vide circular No.227/61/96 dated 4.7.96
Internationally, the CNS has been effectively employed by the clearing corporations for the settlement of transactions and for maintaining an orderly flow of money and securities.
Except in the case of government companies, institutional directors on the boards of companies should be considered as independent directors whether the institution is an investing institution or a lending institution.
With a view to assisting importers/exporters for identifying the code at 8 digit level, the following steps are being taken. (i) Database of ITC(HS) has been made available at the website of DGFT at http://www.nic.in/eximpol. They may access by punching the name of the item to ascertain the code. (ii) In case of any problem in identifying the code, they may seek the information on E-mail at dgft@ub.delhi.nic.in or (iii) They may contact the concerned licensing authorities at the following telephone numbers.
Representations from trade and references from field formations have been received in the Board regarding admissibility of Galvanised CRGP/GC Coils/MS Galvanised Sheets or Strips or wide coils under EPB Scheme
Certain export promotion councils and individual exporters have brought to the notice of the Board that in certain situations the goods imported under DEPB Scheme are found unfit for consumption either because they do not meet the required quality specifications or that the goods cannot perform the function for which they were imported. In such cases, the goods necessarily have to be re-exported and the ground for re-export is well beyond the importer”s control
