his circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with Section 10 of the Securities Contracts (Regulation) Act 1956,
In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act,1992 (No.22 of 1992) read with Paragraph 1.1 and 2.4 of the Export and Import Policy, 2002-2007 the Central Government hereby makes the following amendments in the “ITC(HS) Classifications of Export and Import Items, 2002-2007.
Customs hereby appoints the Commissioner of Customs (Appeals), Mumbai-II, as Commissioner of Customs (Appeals), Mumbai-I, for the purpose of deciding the appeals filed before the Commissioner of Customs (Appeals), Mumbai-I on and from the 1st January, 1999 to 31st December, 2001.
It is further clarified that companies under inspection/investigation, or indicated in “vanishing” companies list or “plantation” company or any company involved in any of the stock market scams will not be covered by Simplified Exit Scheme. ROCs/RDs should refer to the Department if they have any doubt about any company.
The principal notification was published in the Gazette of India vide notification number 62/94-CUSTOMS (NT), dated the 21st November, 1994 [ S.O. number. 829 (E) dated 21.11.1994 ] and last amended by notification number 23/2003-CUSTOMS (NT) dated 11th March, 2003.
directs that the provisions of the said Act, specified in column (1) of Schedule III annexed to the notification of the Government of India, in the erstwhile Department of Company Law Administration number G.S.R. 978 dated the 28th May, 1963 shall not apply and/or, as the case may be, shall apply with the exceptions, modifications and adaptations specified in the corresponding entry in column
Apart from duty drawback, exporters also have other schemes for claiming the relief of input stage duties of Central Excise through rebate under Rule 18 of the Central Excise Rules, 2002 or Cenvat Facility under the Cenvat Credit Rules, 2002. It is clarified here that if the input stage duties have been rebated through the instrumentality of any of these schemes, then simultaneous relief under Drawback scheme shall not be admissible.
One of the common feature of all these notifications is that import under the aforesaid two credit certificate schemes and import/export under the new EPCG Scheme has been permitted only through places which are notified in these notifications.
I am directed to refer to representations received from domestic courier companies and field formations of Customs to allow the movement of domestic couriers bags on domestic segment of international flights.
The Public Notice announces updates to Standard Input Output Norms for engineering and plastic products, with detailed amendments and additions.
