It has been observed that different stock exchanges treat this profit in different ways. While some stock exchanges credit the difference to the selling member, the other exchanges credit the same to the Investor Protection Fund.
The revised EXIM Policy, 1997-2002, and corresponding Hand Book of Procedures (HOP), incorporating amendments in Policy upto 31.3.99, comes into force from 1st April, 1999. The amendments made in the Chapter-8 of EXIM Policy and HOP and agreed to by our Department have necessitated amendments in Notification No. 3/88-Cus, dated the 14th January, 1988, governing the Jhandewalan
The revised edition of the Exim Policy and Hand Book of Procedures, incorporating amendments upto 31.3.99, comes into force from 1st April, 1999. The amendments made in them, necessitate certain changes in the existing circulars or issue of fresh instructions. These have been discussed below
Circular No. 455/21/99-CX I am directed to refer to the Drawback Section”s Notification No. 77/98-Customs and Circular No. 81/98 – Customs dated 16.10.98 and 27.10.98, respectively issued vide their f. no. 605/70/98-DBK regarding “Special Advance Licensing Scheme” for manufacturer exporters of electronic products.
A recent phenomena has been noticed that a large number of companies are changing their names to suggest that they have entered in software/information technology business.
For Certificate involving the export of Medical devices covered under the Drugs and Cosmetics Act, the application will be transmitted to Ministry of Health for endorsement. Ministry of Health may require the documents such as GMP licence etc. to be annexed to the application by the applicant.
The issue as to whether Cess is leviable on imported sugar, came to be examined in the Board in the context of references received from some Commissioners of Customs as also some trade interests
The request of the firm will be examined and necessary certificate Will be issued in respect of items not covered under Drugs and Cosmetics Act provided the items are not prohibited for export. iii ) For Certificate involving the export of Medical devices covered under the Drugs and Cosmetics Act, the application will be transmitted to Ministry of Health for endorsement. Ministry of Health may require the documents such as GMP licence etc. to be annexed to the application by the applicant.
In terms of the powers conferred on it under Section 11 of SEBI Act , 1992 as also in implementation of the Securities and Exchange Board of India.
It has been brought to the notice of this office that all the shipments containing export of bulk drugs were necessarily being sent to Drug Controller officers stationed at customs houses for attestation etc. These attestations by Drug Controller officers were insisted by the Customs authorities in all shipments involving export of drugs. Because of this procedure, shipments at those ports, where Drug Controller Officers are not stationed, are getting invariably delayed.
