Public Notice No. 17/2005 revises Para 4.7 of the Foreign Trade Policy, restricting Advance Licences for certain imports and outlining procedures for biotechnology items.
The input service distributor, shall furnish a half yearly return in such form as may be specified, by notification, by the Board, giving the details of credit received and distributed during the said half year to the jurisdictional Superintendent of Central Excise, not later than the last day of the month following the half year period.
In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India
In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance, Department of Revenue No.15/2002-Customs (N.T.), dated the 7th March, 2002, namely.
In exercise of the powers conferred by clause (aa) of sub-section (1) read with sub-section (2) of section 7 of the Customs Act, 1962( 52of 1962), the Central Board of Excise and Customs hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.12/97-CUSTOMS (N.T.), dated the 2nd April, 1997, namely.
In exercise of the powers conferred by clause (aa) of sub-section (1) read with sub-section (2) of section 7 of the Customs Act, 1962( 52of 1962), the Central Board of Excise and Customs hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.12/97-CUSTOMS (N.T.), dated the 2nd April, 1997, namely.
Representations have been received from the trade that ISO 9001, ISO 9002 and ISO 9003 are identical specifications under the series ISO 9000 and therefore, a manufacturer-exporter who has been awarded with any of the ISO 9000 series certification should be extended the facility at par with those awarded with any of the ISO 9002 series certification. The matter was examined by the Conference of Chief Commissioners of Customs on Tariff and Allied Matters held at Shillong during 13th – 15th May, 2004 and the Conference has recommended to extend the inhouse testing facility for goods exported under the various export promotion schemes to manufacturer exporters awarded with any of ISO 9000 series certification.
Notification No. 7/2005 amends the Foreign Trade Policy, ensuring that the FOB value of exports in 2004-05 must not be lower than the previous licensing year.
It shall be necessary that the FOB value of exports (including the exports under Note 1 & Note 6 above) during the licensing year 2003-04 does not fall below the FOB value of exports (including the exports under Note 1 & Note 6 above) in the previous licensing year.
Note 8: CENVAT/Drawback: Additional Customs duty/excise duty paid in cash or through debit under the DFCE entitlement certificate shall be adjusted as CENVAT credit or Duty Drawback as per rules framed by the Department of Revenue.
