As announced by the Hon’ble finance Minister in his Budget Speech in Perliament in regard to presentation of Budget for the year 1999-2000, a Committee was constituted in the Finance Ministry to review the transaction cost of Indian exports. This Committee was chaired by the Finance Secretary. The Committee has recently concluded its report and made a number of recommendations
The Hon’ble Supreme Court of India in their judgement dated 22nd February, 2000 in C.A. No. 6071 of 1991, Union of India Versus M/s Ganesh Das Bhojraj have uphend the long standing practice of giving effect to the notification on the date of the publication in the official gazette
DGFT Policy Circular No. 57 (24 March 2000) clarifies ITC(HS) codes for products like Orimulsion, smoke detectors, and odor control systems under Export-Import Policy 1997-2002.
The Indian Sugar and General Industry Export Import Corporation Ltd., ( ISGIEIC) shall be sole agency authorized to export sugar/raw sugar to EEC and USA against the preferential Ceiling as indicated above. The export of above quantity of sugar / raw sugar to EEC and USA under the preferential arrangements as indicated above shall also be subject to prescribed pre-shipment certificate by Export Inspection Council.
Vide Circular No. 25/96-Cus. dated 24.4.96, it was clarified that UPSS would be classifiable under sub-heading 8543.89 of the Customs Tariff and under sub-heading 8543.00 of the Central Excise Tariff, as per the decision of CEGAT in the case of J. K. Synthetics Ltd. [1995 (80) ELT 208 ET]. The CEGAT, in the case
Recommendations have been received in the Board that in certain cases, a large number of consignments are cleared against credit entitlement in a single DEPB scrip, and this necessitates issue of multiple TRAS from one custom house to another custom houses against a single DEPB scrip. This generates additional administrative work for the importers as well as the Customs Commissioners
Various representations have been received from the exporters highlighting the difficulties faced by them in achieving intrinsic value addition as per clarification given under the aforesaid circular when they have already imported the goods from General Currency Area.
Circular No. 521/17/2000-CX It is directed to refer to the issue of classification of Turmeric Powder sold in small tin containers etc. and using brand names. It has been reported that some of the field formations purpose to classify the product under Chapter 33.04 as cosmetics.
Whether the applicant or its Director/s or partner/s is a partner or proprietor or promoter/s or director/s in any of its associate/group company /concern or any company/concern which is also registered with SEBI under any of its Regulations, and if so, details thereof
It is brought to the notice of the field formations that an alleged fraud had been committed at Chennai wherein a CHA has defrauded the department by way of evasion of Customs duty by misusing the bond facility
