It has now been decided that the time period for utilization of the allocated debt limit shall be 11 working days from the date of the allocation.
Permit signing of the electronic contract note with a digital signature so as to make the modified format of the electronic contract note a valid legal document like the physical contract note.
Agro products, including processed products thereof, covered under standard Input Output norms and for which either no specific rate exists or the specific rate, if any, is below 5%, packed in consumer packs of 1 Kg or less with such details as the generic or common name of the product packed, list of ingredients (in case of processed agro products), not qty, date of packing and “best before” date printed on the package.
In exercise of the powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) and also read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby makes the following amendments to Notification No.93(RE-2007)/2004-2009 dated 1st April, 2008 read with Notification No. 37 (RE-2008)/2004-09 dated 3rd September, 2008.
In partial modification to Notification No. 24 (RE-2006)/ 2004-2009 dated 26th July, 2006, the density mentioned as <925 in para I(1) of the import licensing note in the above notification is hereby amended as > 1.3.
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004- 09, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedures.
In exercise of the powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) and also read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby makes following amendments to Notification No.93(RE-2007)/2004-2009 dated 1st April, 2008 read with Notification No. 37 (RE-2008)/2004-09 dated 3rd September, 2008.
The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, sub section (i) vide number G.S.R. 118(E), dated the 1st March, 2002 and was last amended by notification No. 119/2008-Customs, dated the 31st October, 2008 which was published in the Gazette of India, Extraordinary, vide number G.S.R. 763 (E), dated the 31st October, 2008.
INSTRUCTION No. 16/2008 Under the revised procedure, inspections will involve an annual comprehensive inspection of the concerned office. The Inspecting Officer will examine and comment on the overall functioning of the office in the light of various Government Instructions in general and CBDT Instructions in particular. However, it will not be necessary to give comments on select assessment orders as part of inspection, as this will be done during Review of the assessments, instructions in respect of which are being issued separately.
INSTRUCTION No. 15/2008 Review will henceforth form an ongoing function of the supervisory officer for monitoring the quality of assessment work being done during the year by Assessing Officers under their supervisory control. The basic purpose of Reviews will remain unchanged viz. to ensure that all issues arising for consideration in the relevant assessment have been considered, the evidence required to examine these has been collected, rival arguments are analysed in the assessment order and a fair and balanced finding recorded.
