All the Stock Exchanges shall introduce this scheme urgently for small investors under intimation to SEBI and also advise the member brokers not to reject any client’s request for trading in this segment.
Attention is invited to Para 9.27 of Exim Policy, 1997-2002 (RE: March, 1999) read with para 6.7 of Handbook of Procedures, (Vol.1), 1997-2002 (RE: March, 1999). Accordingly, an EOU/EPZ/EHTP/STP unit may be permitted by the concerned Development Commissioner, as a one time option, to debond under the prevailing EPCG Schemes.
Circular No. 468/34/99-CX I am directed to say that the progress in Central Excise Computerization was reviewed by the board in a meeting held on 22.6.99. It has noted that 42 Commissionerates have started capturing assessee profile (ECCMAST) and the monthly returns (RT-12). More Commissionerates are expected to commence this job shortly. The quality of the data is still not satisfactory but it was felt that a period of six moths will be adequate to improve quality to the desired level.
Circular No. 467/33/99-CX the personnel selected for audit work should be those having sufficient knowledge of Central Excise Rules and procedures. The executive personnel viz. Inspectors selected for audit should have a minimum of 5 years service in that cadre, preferably in a Range. The tenure of the incumbent who would be getting special pay, will be in 3 years
It has been brought to the notice of the Board that in respect of export product Cast Alloy Permanent Magnets (in unmagnetised/demagnetised form) falling under 55 No. 85.10 of the Drawback Table, which are made primarily out of the imported inputs Cobalt, Nickel and Iron (Pure) and the drawback admissible is only towards Customs
Various Export Promotion Councils have lauded the progress made during the said month in clearing old pendencies during the first meeting of All India Watch Dog Committee held on 1.7.99 and subsequently in their meeting with Chairman, Central Board of Excise & Customs. The Delhi Exporters Association have requested that the “Arrears Clearance Month” may be extended to July, 1999
Different margins have evolved! were prescribed by SEBI, at different points of time keeping in view the requirements and exigencies of the prevailing situations.
As per of a revised communication strategy, the Board has reviewed the current system of issuing circulars containing instructions, procedures or clarifications. Consequent to this review, the following decisions have been taken for implementation
Circular No. 466/32/99-CX All instruction / clarifications would be issued by the board only through numbered circulars as hitherto. In case any clarification / instruction having relevance for all field formation is issued to a particular commissioner without being numbered, such cases should be referred back to the concerned section of the Board for issue of a numbered circular.
Circular No. 465/31/99-CX I am directed to say that the trade and industry has represented before the High Powered Committee on Transaction Costs, for certain modifications in the procedures, especially relating to exports which will ultimately ensure reduction in the transaction costs for the exporters.
