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Circulars

Clarification on Indo-Myanmar Border Trade Policy

February 29, 2000 463 Views 0 comment Print

DGFT clarifies that in addition to listed items, normal trade of all commodities is permitted at the Indo-Myanmar border, subject to applicable customs duties.

Drawback—Appraisers authorised to sanction DBK upto Rs. One lakh at all ports

February 29, 2000 1363 Views 0 comment Print

Attention is invited to the Ministry’s Circular No. 83/95-Customs (F. No. 602/2/95-DBK) dated the 20th July, 1995, whereunder powers were delegated to Customs Appraisers to sanction drawback upto Rupees one lakh in each case (subject to certain percentage checks by Assistant Commissioners) in Major Customs Houses in Mumbai, Calcutta, Chennai and Delhi and upto Rs. 30,000/- in

Classification — Vanilla extract – classifiable under sub-heading no. 13.02.19

February 24, 2000 907 Views 0 comment Print

It is directed to refer to the subject mentioned above and to say that doubts have been raised regarding classification and levy of duty on “Vanila Extract” due to an anomaly in the description of sub-heading 1302.13 in the Customs Tariff published by the Directorate of Publications vvis-à-visthat published by the private publishers. It has been stated that in the Customs Tariff published

Drawback -conversion of DBK SBs into DEEC-cum-DBK SBs – Circular no. 74/97-Cus applicable

February 23, 2000 1120 Views 0 comment Print

Attention is invited to this Ministry’s guidelines on the above subject circulated under Circular No. 74/1997-Customs (F.No. 609/443/97-DBK) dated the 30th December, 1997

Vegetable Oil — ‘in loose or bulk form’ – defined

February 23, 2000 1249 Views 0 comment Print

It is directed to refer to the subject mentioned above and to say that doubts have been expressed in regard to the scope of the term “vegetable oils (Other than coconut oil, RBD Palm Oil, RBD Palm kernel oil and Palm stearin) of edible grade, in loose or bulk form” used in notification No.20/99-Cus., dated 28.2.99. This notification, inter alia, prescribes (at Sl.No.11) a concessional Basic Customs

EPCG (Zero duty) Scheme — scope of Notification No 29/97-Cus – clarified

February 22, 2000 691 Views 0 comment Print

It has been reported to the Board that exemption from 10% CVD under zero duty EPCG Scheme in terms of customs notification number 29/97-Cus. Dated 1.4.97 has been extended by some Custom Houses even to machines like knitting/dyeing/compacting etc. i.e. machines which are used in the manufacture/processing of fabrics and not garments

SEBI : Trading and settlement of trades in dematerialised securities

February 21, 2000 463 Views 0 comment Print

Similar action should be taken against other companies, included in the aforementioned list, which do not sign/execute necessary documents with both the depositories and establish connectivity on time, as a result of which the schedules as per the aforementioned circular are not adhered to.

SEBI : Presidents/Executive Directors Managing Directors of all Stock Exchanges

February 21, 2000 553 Views 0 comment Print

Chairman of the Board A non-executive Chairman should be entitled to maintain a Chairman’s office at the company’s expense and also allowed reimbursement of expenses incurred in performance of his duties.

Baggage Rules — Tourist baggage – no endorsement of imports of personal effects on tourists’ passports

February 18, 2000 655 Views 0 comment Print

The provision of TBRE was obolished in 1994 and the Baggage Rules were liberalized to facilitate the clearance of baggage of visiting tourists. In terms of Rule 7 of the Baggage Rules, 1998 read with Appendix E, tourists are allowed to bring their personal effects and travel souvenirs subject to certain conditions. For the sake of uniformity in defining personal effects, the Board had issued a circular

Misdeclaration — rice consignments to be checked

February 18, 2000 376 Views 0 comment Print

It has come to the notice of the Board that some importers are misdeclaring the first class (Unbroken) rice as broken rice in order to import under OGL. It has also been reported that some importers have imported the rice at a price of Rs. 17 per kg., which suggests the possibility of such mis-declaration.

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