An indemnity bond by exporter to the effect that he would indemnify Government for financial loss, if any, on account of duty free import entitlement availed / allowed against lost Shipping Bills / BRC.
In the statement of Standard Input Output Norms (SION) as contained in the Handbook of Procedures (Vol.2), 2004-2009, as amended from time to time, amendments/corrections at appropriate places as mentioned in ANNEXURE “A”to this Public Notice are made.
. – In exercise of the powers conferred by sub-section (1) of section 642 read with section 610B of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules to amend the Companies (Central Government’s) General Rules and Forms, 1956, namely
Import authorizations for a restricted item if so directed by the competent authority, shall be issued for import through one of the sea ports or air ports orICDs or LCS, as per the option indicated, in writing, by the applicant. Authorization holder shall register the same at the port specified in the authorization and thereafter all imports against said authorization shall be made only through that port, unless the authorization holder obtains permission from customs authority concerned to import through any other specified port.
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2004-09, as amended, the Director General of Foreign Trade hereby makes the following correction in the Public Notice No.27 (RE-2005)/2004-09, dated 14th July, 2005, read with Public Notice No.14 (RE-2006)/2004-09 dated 30th May, 2006 and Public Notice No.91 (RE-2007)/2004-09 dated 11th December, 2007.
The concerned licensing authorities of DGFT shall call back all authorizations for import of rough marble blocks/slabs issued under Policy Circular No.12 dated 27.6.2008 and under Policy Circular No.13 dated 30.6.2008 and indicate the port of registration on these licences, as per the option exercised by the license holder.
In exercise of the powers conferred by sub-section (1B) of section 35B of the Central Excise Act, 1944 (1 of 1944), the Central Board of Excise and Customs hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance, Department of Revenue No. 25/2005-Central Excise (N.T), dated the 13th May,2005 published in the Gazette of India, Extraordinary, part II, Section 3, Sub-section (i), vide number G.S.R.305(E), namely.
The principal notification No. 147/2003-Customs, dated the 7th October, 2003, was published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i) vide number GSR 793(E), dated the 7th October, 2003 and was last amended vide notification No. 50/2008-Customs, dated the 21st April, 2008 and was published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i) vide number GSR 296(E), dated the 21st April, 2008.
The matter has been examined and accordingly it is clarified that the restrictions on such transfer is limited to advance authorization and DFIA Scheme issued and operated under Actual User condition. Once transferability is endorsed on the DFIA, transfer of the imported/domestically procured input(s) against such DFIA shall not be covered by the restrictive clause of the aforesaid Public Notice.
With a view to liberalizing the procedure further, it has been decided to raise the limit of USD 100,000 for advance remittance for alladmissible current account transactions for import of services without bank guarantee to USD 500,000 or its equivalent. AD Category – I banks may frame their own guidelines to deal with such cases as per the policy approved by the bank’s Board of Directors. RBI/2008-09/ 158 ,A.P.(DIR Series) Circular No. 15, September 08, 2008
