Attention is invited to the Ministry’s Circular No. 82/98-Customs dated 29th October, 1998 which permits condonationof delay in filing brand rate application beyond the time limit permitted under Rule 6/7 of the Customs and Central Excise Duties Drawback Rules 1971/1995 in certain situations which are enlisted in the Annexure attached therewith
It has therefore been decided to postpone the date for compulsory dematerialised trading in respect of the above scrips by institutional investors and OCBs to a date which would be announced after they complete the formalities.
A meeting of heads of all the Stock Exchanges was held on December 20, 1999 to discuss the issues related to Revival of small stock exchanges, Y2K preparedness of the Stock Exchanges and Stock Brokers and other issues.
Circular No. 507/03/2000-CX It is directed to draw your attention to the Board’s Circular No. 468/34/99-CX dated 5th July, 1999 on the above subject and to say that the progress in Central Excise Computerisation has been further reviewed by the Board. While the quality level of RT-12 has increased from 20.61% in July 1999 to 50.09% in November, 1999, it is still short of the targeted level of 90%, which is required for replacing the manual returns by electronic data.
Board has received various reports from field formations that divergent practices are being followied by different Customs Houses with regard to collection of Export Cess on export of Gherkins, processed in Brine/Acetic Acid/Vinegar. The same practice is also being followed in respect of other processed food products. It has been reported that whereas, at some places, Export Cess at the rate
It has now been decided that effective from January 17, 2000 delivery of shares in dematerialised form is compulsory by all investors in respect of 39 scrips (Annexure A) taking the total number of such scrips to 199.
The clarifications pertaining to the notification and additional guidelines as approved by SEBI Board are also being issued under Regulation 77 of the SEBI (Mutual Funds) Regulations, 1996
Attention is invited to the Board’s Circular No. 48/98-Customs dated 15th July, 1998, issued from File No.609/605/97-DBK, wherein powers were delegated to the Jurisdictional Commissioners of Customs for allowing conversion of free/DEEC shipping bills into Drawback shipping bills, In the said Circular, it was also provided that for past cases wherever factual reports had already been
It is directed to state that doubts have been raised about the method to be followed with regard to calculating the additional duty of Customs equal to excise (CVD) in respect of imported Colour Television Receiver Sets which have the MRP affixed on the packages containing the sets
Circular No. 506/02/2000-CX It is directed to refer to the Board’s Circular number 493/59/99-CX dated 12th November, 1999 regarding introduction of new Excise Control (new ECC) number based on Permanent Account Number (PAN) allotted by the Income Tax Department.
