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Policy Circular No. 3 (RE-98)/98-99, Dated: 27.04.1998

April 27, 1998 529 Views 0 comment Print

At the time of issue of authorisation, the exporter shall produce the original Certificate(s) of the Origin/Legal Procurement Certificate(s) with all the nine columns duly filled in of Sandalwood Root/Ainchilta class to DGFT, New delhi for an endorsement to the effect that against the said Legal Procurement certificate(s)/Certificate(s) of Origin, an authorisation for export of the quantity of Sandalwood Oil as specified on the said authorisation has been issued.

Bonded warehouses for diamonds import and re-export

April 24, 1998 1615 Views 0 comment Print

I am directed to refer to the Notification No. 39/1997-2002 dt. 26th February, 19981 issued by the DGFT (copy enclosed for ready reference). The scheme under pare 8.13 of the EXIM Policy provides for setting up Private/ Public Bonded warehouses in EPZ/ DTA for import and re-expot of cut & polished diamonds, cut & polished coloured gemstones, import and re-export of rough diamonds,

Export of Sugar from free sale quota of year 1997-98 and 1998-99 notified

April 24, 1998 451 Views 0 comment Print

DGFT allows the export of 32,700 MT of sugar from the free sale quota to EEC and USA for 1997-98 and 1998-99 under specific conditions.

Circular No. 766-Income Tax Dated 24-4-1998

April 24, 1998 853 Views 0 comment Print

Circular No. 766-Income Tax Attention is invited to Board’s Circular No. 726 dated 18-10-95 (F. No. 133/80/95-TPL) wherein, inter alia, it was stated that the foreign companies and the foreign law and accountancy firms that have no presence in India should send a quarterly statement to the Deputy Secretary, Foreign Tax Division, CBDT regarding the payments made to the Indian residents for professional service.

Acrylic Top and Acrylic Tow are also leviable to antidumping duty

April 23, 1998 631 Views 0 comment Print

As per notification No. 81/ 97-Cus dated 24.10.97 acrylic fibre falling under heading 55.03 of the first schedule to the Custom Tariff Act, 1975 is leviable to anti-dumping duty

Depreciation Norms for Computers and CG Changed for EOUs

April 21, 1998 12973 Views 0 comment Print

I am directed to refer to Board’s F.No.305/52/85-FTT dated the 15th April 1987 wherein the method for calculating the depreciation on ‘Capital goods’ permitted to be taken outside the units, was prescribed, and the over all limit of depreciation was fixed at 70%. Subsequently Board in their F.No. 314/19/94- FTT Part – VI, dated 11th April, 1997 had provided for acclerated rate of

Size tabs import with hangers allowed

April 20, 1998 835 Views 0 comment Print

Hangers have been allowed to be imported duty free by bona fide importers under Sl. No.68 of Notification No. 11/97-Cus. It has been brought to the notice of Board that size tabs like M/L/S which are fixed on hangers for easy identification of different sizes/ styles are being imported. Such size tabs are to be exported along with hangers in case of export of readymade garments in hanger

Duty Drawback – Guidelines for Requirement / Acceptance of Certificate of Non-availment of Modvat

April 20, 1998 883 Views 0 comment Print

In supersession of Circular No. 17/97- Cus dated 4.6.97 issued by the Directorate of Drawback, Deptt. of Revenue, Ministry of Finance, on the above subject, the following guidelines regarding requirement/ acceptance of certificates of non-acailment of Modvat facility for the purposes of processing the drawback claims may be followed in future

Gem & Jewellery EP schemes – Customs Procedure for Import by Nominated Agencies Notified

April 20, 1998 1228 Views 1 comment Print

I am directed to invite You attention to Board’s Circular No. 38/96-Cus, dated 9-7-1996, No. 27/97-Cus, dated 8.7.1997 and No. 48/97-Cus, dated 13.10.97 issued from F.No. 305/92/97-FTT regarding procedure to be followed by the Nominated Agencies for supplying duty free gold to exporters under various schemes under the EXIM Policy 1997-2002. In addition to MMTC, SBI, STC,

SEBI : E.Ds / Presidents / M.Ds. of all Stock Exchanges

April 16, 1998 394 Views 0 comment Print

In continuation of our Circular No.SMD/POLICY/CIR-12/98 dated April 7, 1998 regarding amendments to Listing Agreement, we have to clarify that the events by way of illustrations mentioned at item (d) relating to price sensitive information etc.

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