Policy Circular No. 22 clarifies classification of specific products under ITC(HS) for exports and imports.
Circular No.542/38/2000-CX I am directed to say that consequent upon the amendment in Central Excise Rules with effect from 1.4.2000 allowing the Central Excise assessees to pay duty on fortnightly basis instead of payments consignment-wise, it became essential to review the format of Returns being submitted by assessees. Notification No. 48/2000-CX (NT) dated 18th August, 2000 has since been issued whereby new RT-12 Form has been prescribed, in place of the existing RT-3/RT-3 (modified) and RT-12 Forms.
The positions referred to would exclude the positions pertaining to the pure securities borrowers to the extent that the collateral securities are kept with the clearing house/corporation.
The Rule 7 of the Central Government Account (Receipts and Payments) Rules ,1983 interalia provides that Government dues including taxes can be credited by the taxpayers directly into any branch of an authorised Bank. As per Rule 79 of the Treasury Rules of the Central Government, such payments / credits can be mad by cheques also. Accordingly, a large number of tax payers including the Service tax assessees discharge their tax liabilities by depositing a cheque for the required amount in the authorized Banks.
Please refer to our earlier circular no. SMDRP/Policy/cir-23/2000 dated May 29, 2000 advising inter alia the list of companies for compulsory settlement of trades in dematerialised form for all investors.
F.No. 345/7/2000-TRU It is directed to draw your attention to the recent amendments made in the Central Excise Rules, 1944 allowing the assessees to discharge their duty liability on fortnightly basis. Representations have been received in this regard, whereby some of the assessees have expressed their desire to continue to pay the excise duty on consignment basis.
The Circulars mentioned in the preceding paragraph were issued in regard to clearance of goods stored in a custom bonded warehouse by adjusting custom”s duty in a DEPB scrip. Representations have been received for further extention of the said facility in view of extension of the said facility in view of extension of DEPB Scheme to customs stations notified under DEPB scheme vide
I am directed to invite your attention to the Board”s Circular No. 55/2000-Cus., dated 30th June, 2000 on above mentioned subject. The said circular was issued to create HUBs near gateway ports where the LCL acrgo brought from various ICDs/CFSs will be reworked and thereafter sent to various destinations directly. In regard to the procedure contained in the said circular following
Circular No. 541/37/2000-CX The Tribunal vide Final order No.39/2000-D dated 4.1.2000 reported in 2000 (38) RLT 170 (CEGAT) in the case of Guru Overseas Pvt. Ltd. Vs. CCE, Delhi had decided that the car seat covers – whether of “Leather” or “Textile” are accessories and classifiable under Chapter sub-heading 8708.00.
In terms of our circular SMDRP/POLICY/CIR35/2000 dated August 04, 2000, it was provided that the provisions of this circular shall be applicable to issues for which draft offer documents have been filed with SEBI on or after June 15, 2000.
