Circular No. 10 /2011- Customs – Attention is invited to Board’s Circular No 41/2007-Customs dated 29-10-2007 on the above subject. In the said Circular, it was provided that the right holders may furnish a General Bond without security to the Commissioner of Customs prior to the grant of registration, undertaking to execute consignment specific Bonds with the jurisdictional Commissioner of Customs at the port of interdiction within three days from the date of interdiction of any allegedly infringing goods. This arrangement was prescribed considering the fact that at the time of registration but prior to importation, it may be difficult to ascertain and fix the Bond amount corresponding to the value of suspected infringing goods that are to be imported. Further, this would lock in right holders’ money in the form of security.
In exercise of the powers conferred by sub-section (2) of section 76 of the Customs Act, 1962 (52 of 1962), the Central Government, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.208/1977-Customs, dated the 1st October, 1977, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 1st October, 1977, namely:-
Notification No. 11/2011 – Income Tax Income-tax : Section 80-IA of the Income-tax Act, 1961 – Deductions – Profits and gains from industrial infrastructure undertakings, etc. – Notified undertaking. NOTIFICATION NO. 11/2011 [F.NO. 178/55/2008 (ITA-I)], DATED 24-2-2011. WHEREAS the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961(43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for industrial park, by the notification of the Government of India in the Ministry of Finance (Department of Revenue, Central Board of Direct Taxes) vide number S.O. 51(E), dated the 8th January, 2008 and amended vide number S.O. 1605(E), dated 2nd July, 2008;
Export of Onions (all varieties including Bangalore Rose onions and Krishnapuram onions) excluding cut, sliced or broken in powder form was prohibited by Notification No.13(RE-2010)/2009-14 of 22.12.2010. This prohibition on exports was relaxed vide Notification No.19(RE-2010)/2009-14 of 10.2.2011,as per which export of Bangalore Rose onions and Krishnapuram onions were placed in the “Restricted” category,to be exported under licence subject to Minimum Export Price (MEP) of US $ 1400 per Metric Ton. Modalities for issuance of export licences for such export by RAs was stipulated in Policy Circular No. 21 dated 15.02.2011. Now vide Notification No.24 (RE-2010)/2009-14 of 18.2.2011, export of all types of onion including Bangalore Rose onion and Krishnapuram onion has been allowed through the State Trading Enterprises(STEs) subject to applicable Minimum Export Price (MEP).
Export of Onions (all varieties including Bangalore Rose onions and Krishnapuram onions) excluding cut, sliced or broken in powder form was prohibited by Notification No.13(RE-2010)/2009-14 of 22.12.2010. This prohibition on exports was relaxed vide Notification No.19(RE-2010)/2009-14 of 10.2.2011,as per which export of Bangalore Rose onions and Krishnapuram onions were placed in the Restricted category,to be exported under licence subject to Minimum Export Price (MEP) of US $ 1400 per Metric Ton.
Serial No. 3(ii) of Policy Circular No. 20(RE-2010)/2009-14 dated 14.02.2011 had stipulated certain documents to be submitted to concerned RAs for issuance of export licence . To facilitate expeditious issue of export licences, Sl. No. 3(ii) of Policy Circular No. 20(RE-2010)/2009-14 dated 14.02.2011 is amended as under[changes are being made in 3(ii) (b) & 3(ii) (c)]:
Your Kind attention is invited to Board’s Circular No.5/2011-Customs dated 17.1.2011 wherein it was informed that, since BCCI has ceased to be a National Sports Federation or Apex Body for the game of Cricket in India, BCCI would not be eligible for the benefit of Notification No.21/2002-Cus. dated 1.3.2002 or any other Customs notification. For the purpose of removal of doubts, it is clarified that, the ineligibility indicated therein, of BCCI or any one certified by BCCI, applies wherever BCCI claims a notification benefit by virtue of being National Sports Federation / Apex Body controlling the game of Cricket.
DBOD.Dir.BC. 81/13.03.00/2010-11- Government of India, Ministry of New and Renewable Energy (MNRE) has formulated a scheme on financing of Off-Grid and Decentralised Solar (Photovoltaic and Thermal) applications as part of the Jawaharlal Nehru National Solar Mission (JNNSM). Under the scheme, banks may extend subsidised loans to entrepreneurs at interest rates not exceeding five per cent where refinance of two per cent from Government of India is available. In this context, we advise that such lending at interest rates not exceeding five percent per annum where refinance of Government of India is available, would not be considered to be a violation of our Base Rate Guidelines.
Trade and Industry has again represented that in respect of some export shipments prior to 12.01.2010, the benefit is being denied because the export product has been described on the shipping bill as “cotton powerloom-tufted bathmats/cotton powerloom-tufted bathrugs”. The representation says that a powerloom only weaves and cannot ‘tuft’. At the time of custom clearance they had to declare as to whether their export product is manufactured on a handloom or a powerloom. Since these cotton bathmats/bathrugs were not woven but tufted by using a tufting machine similar to table-top type sewing machine, the expression “cotton powerloom tufted” came to be used on the shipping bills. The Trade and Industry has, therefore, requested to issue necessary clarification that benefit of Chapter 3 of FTP may also be granted to such shipments.
Regional Authorities (RAs) of DGFT disburses deemed export drawback and terminal excise duty as per provisions of FTP and HBP Vol. I. In order to facilitate this process and faster disbursal of such claims, it has been now decided that payment of such claims, henceforth, shall be made online. To give effect to this decision, RAs are required to take following actions:-
