In exercise of the powers conferred by Sub-section (1) of Section 621 of the Companies Act, 1956 (1 of 1956), the Central Government hereby authorise the following officer of the Serious Fraud Investigation Office (SFIO), Ministry of Company Affairs for the purposes of that Sub-section in respect of offences punishable under the provisions of the Companies Act, 1956.
In exercise of powers conferred under section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Paragraph 1.3 of the Foreign Trade Policy, 2004-09, the Central Government hereby makes the following amendments in the Foreign Trade Policy.
Representations have been received regarding availability of DFRC on supplies made to SEZ units. The issue has been examined and it is hereby clarified that since all supplies to SEZs is treated as physical exports with effect from 1st September 2004, such supplies will be entitled to the benefit of DFRC under the Foreign Trade Policy.
Incase of deemed exports, a copy of the invoice duly signed by the unit receiving the material and their jurisdictional excise authorities certifying the item of supply, its quantity, value and date of such supply. However, incase of supply of items, which are non-excisable product(s), a project authority certificate (PAC) certifying quantity, value and date of such supply would be acceptable in lieu of excise certification. Not withstanding the above, in respect of supplies to EOU, a copy of ARE-3 duly signed by the jurisdictional excise authorities certifying the item of supply, its quantity, value and date of such supply shall be furnished.
However, the facility of extension of export obligation period shall not be allowed in case of advance licence wherein import of penicillin and its salts (ITC(HS) Code No. 29411 010) and 6 – APA (ITC(HS) Code No. 29411 050) have been allowed as an input. The licensing authority shall make an endorsement in the advance licence to this effect.
In exercise of the powers conferred by rule 3, read with rule 4, of the Customs and Central Excise Duties Drawback Rules, 1995 (hereinafter referred to as the said rules) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 26/2003-Customs (N.T.), dated the 1st April, 2003, except as respects things done or omitted to be done before such supersession, the Central Government hereby determines the rates of drawback as specified in the Table annexed hereto (hereinafter referred to as the said Table), subject to the conditions specified in the General Notes hereunder, namely.
he Stock Exchanges are advised to report to SEBI, the action taken in this regard in Section II, item no. 13 of the Monthly Development Report for the month of February, 2005.
The Ministry has announced the revised All Industry Rates of Duty Drawback vide notification No.8/2005-Cus (NT) dated 18.1.2005. These rates shall come into force with effect from 19.1.2005. The notification may be downloaded from CBEC website www.cbec.gov.in and perused for details.
The matter was examined again and accordingly it is decided to withdraw the Policy Circular No. 7 dated 4.11.04 with immediate effect. It is also reiterated that any advance licence issued with three months export obligation period as per the policy Circular No. 7 dated 4.11.04 stands automatically extended to six months in accordance with the Public Notice No. 6 and the Policy Circular No. 1 both dated 17.09.04.
Notification No. 5/2005 – Income Tax S.O. 61(F).—In exercise of the powers conferred by clause (ii b) of the proviso to Section 193 of the Income Tax Act. 1961 (43 of 1961). the Central Government hereby specifies the “IDBI Flexibonds 2004-2005” issued by Industrial Development Bank of India Limited for the purpose of
