Export of finished good directly from the job worker’s premises may be permitted provided the job worker’s premises is registered with the Central Excise authorities. However, export of such products from the job worker’s premises shall not be allowed through third parties as provided under paragraph 6.10 of the Policy.
Public Notice No. 20 (RE-03)/2002-2007 updates norms for textiles and plastic products under India’s export-import policy.
Considering the shortage of power in the country, it has been decided to allow the EOU/EPZ/STP/EHTP/SEZ units to sell or transfer their surplus power in DTA or to other EOU/EPZ/STP/EHTP/SEZ units.
Circular No. 3 of 2002-Income Tax Representations have been received for grant of exemption from the requirement of deduction of income-tax at source under sections 193, 194A and 194K of the Income-tax Act on the payment of incomes to Ramakrishna Math and Ramakrishna Mission whose income is exempt under sub-clause (iv) of section 10(23C) of the Income-tax Act, 1961.
In exercise of the powers conferred by sub-rule (1) of rule 3 of the Customs Tariff (Transitional Product Specific Safeguard Duty) Rules, 2002, the Central Government hereby appoints Shri R. K. Gupta, Commissioner of Customs (General), New Delhi as the Director General (Specific Safeguard) for the purposes of the said rules.
At present, notification No. 42/99-Cus dated 28-4-99 allows import of cut & polished diamonds and gemstones up to 5% of the FOB value of the preceding financial year’s.
NAFED and other State Trading Enterprises are permitted to export onions under quota released and notified by Director General of Foreign Trade from time to time. The designated STEs can also issue NOCs to their Associate shippers. The STEs are presently allowed to levy service charges for issue of NOC etc. @ 3.5% of the invoiced value of export of onions. This charge shall stand reduced to a maximum of 2% for issue of any fresh NOC to Associate shippers with immediate effect and to a maximum of 1% w.e.f. 1.4.2003.
It has been brought to the notice of the Board by the Gem and Jewellery Export Promotion Council that the importers are being asked to furnish bank guarantee on the basis of tariff rate of duty applicable
The facility of Advance Licence for Intermediate Supplies would be granted against invalidation of Advance licences for physical exports issued before 01.04.2002 even in case where the intermediate supplier has supplied or intends to supply the material subsequent to the fulfilment of the export obligation by the ultimate exporter holding the Advance Licence as per the provisions of para 4.13 of the Handbook of Procedures (Vol 1). This issues with approval of Director General of Foreign Trade.
The principal notification was published in the Gazette of India vide notification No. 62/94-Customs (NT), dated the 21st November, 1994 [S.O.829 (E), dated the 21st November, 1994] and last amended by notification No. 46/2001-Customs (NT), dated the 26th September, 2001.
