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Circulars

VBAL/QBAL – Export Declarations – Further clarifications

March 8, 1995 367 Views 0 comment Print

Your attention is invited to Ministry’s instructions of even number dated the 4th January, 1995 (Circular N0. 1/95) and Subsequent telex dated 13th January, 1995 regarding filing of Ar-4 along with the Shipping Bills

Advance Intermediate Licence for iron & steel under Engg. goods export scheme – Customs instructions

March 8, 1995 1510 Views 0 comment Print

Ministry of Commerce vide their Notification No. 53/ RE/ 92-97 dated the 1st March, 1995 have notified Engineering Products Export (Replenishment of Iron and Steel Intermediates) Scheme. To give effect to this scheme which permits duty free import of

Fishing Passes – Periodicity for Renewals Revised

March 6, 1995 277 Views 0 comment Print

In supersession of Ministry’s instruction contained in circular F.No. 574/ 5/ 77-LC – II dated 1.1.79 and F.No. 581/ 8/ 92-LC dated 30.11.92 regarding issue of passes to mechanised and non-mechanised fishing vessels, I am directed to say that it has now been decided that the periodicity for for renewal of fishing passes should be as under

Reversal of Modvat credit by Exporters

March 2, 1995 775 Views 0 comment Print

Circular No.108/19/95-CX Some doubts have been raised whether the expression “the exporters can be permitted to reverse the credit taken in respect of inputs used in the exported finished product with reference to the actual amount of duty credit taken

Seizure of Books & Records by Excise Collectorate – D-I and Notices or Reversal of Modvat Invoices by the Actual users

March 2, 1995 316 Views 0 comment Print

Circular No. 107/18/95-CX Boards circular No. 69/69/94-CX dated 24.10.94 provided that a registration certificate issued under Rule 174 is valid only for the premises specified in such certificates therefore, registration cannot be granted to person who does not have proper premises for conducting his business and for receipt storage and dispatch of goods.

Export of body built motor vehicles manufactured under bond under the New Export Procedure-Clarification regarding

March 2, 1995 364 Views 0 comment Print

Circular No. 106/17/95-CX I am directed to refer to Board”s Circular No. 46/88-CX.6 dated 8.6.88 issued from F.No. 209/236/87-CX.6 dated 8.6.88 providing for execution of Bond by M/s. TELCO on behalf of their job workers for supply of chassis to them for building bony under erstwhile rule 191B and thereafter export

Interpretation of Explanation II to Rule 13 of the Central Excise Rules, 1944- Instructions reg

March 2, 1995 625 Views 0 comment Print

Circular No. 105/16/95-CX I am directed to say that doubt has been raised as to whether the said rules provide for manufacture – in -bond of only excisable goods or also of non-excisable goods. Another doubt has been raised whether duty is required to be paid on such intermediate goods or packing material which are used for manufacture- in -bond of export goods

SEBI : Appointment of Compliance officer

March 1, 1995 4057 Views 0 comment Print

SEBI is examining the question of appointing a Compliance Officer for each stock exchange whose function would be to ensure that violations of stock exchange rules and regulations do not remain undetected or unreported.

Consumer/Commercial goods bought in India in FOREX – Export baggage allowed as

March 1, 1995 724 Views 0 comment Print

The undersigned is directed by say that in terms of para 129 of the Exim Policy (1992-97), bonafide personal baggage of a passenger ins permitted to be exported as accompanied or unaccompanied baggage. Instances have, however, been brought to the notice or the Board where passengers, especially passengers leaving for CIS countries, Pakistan. Thailand etc., were exporting in their

Circular No. 16/95 Custom Duty Dated 24/2/1995

February 24, 1995 703 Views 0 comment Print

A case has been brought to the notice of the Board wherein a unit in an EPZ had imported more or less full assembled articles and after some minor processing had exported some of the articles but had also cleared a substantial quantity into the DTA in accordance with the EXIM Policy. A question had been raised whether the benefit of 50% duty concession available in terms of Notification No

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