Attention is invited to Paragraph 4.11. of the Export and Import Policy 1997-2002, as amended and Paragraphs 7.8 and 7.10 of the Handbook of Procedures, Vol.1, 1997-2002, as amended and also to the Handbook of Procedures, Vol.2, 1997-2002, as amended from time to time.
Public Notice 42 updates SION with new entries for plastic and chemical products in India’s Export and Import Policy.
In terms of the EXIM Policy 2000-2001 announced on 31.3.2000, Duty Free Replenishment Certificate (DFRC) Scheme had come into operation with effect from 1.4.2000 and exports made under it were, interalia, eligible for AIR of Drawback equivalent the Central Excise duty portion in respect of inputs imported and cleared on payment of CVD, provided no cenvat was availed. Circular Nos
Circular No. 560/56/2000-CX I am directed to invite your attention to Board’s Circular No. 413/46/98-CX., dated 6-8-1998 [See 1998 (102) E.L.T. (T31)] issued from F. No. 390/120/98-JC requiring the Commissioners to themselves examine the authorisation letters issued by them so that there is no occasion for CEGAT to dismiss the revenue appeals on technical ground. In spite of the above, it has come to the notice of Board that departmental appeals continue to be dismissed on the ground that there was no proper authorisation by the concerned Commissioner.
Circular No. 559/55/2000-CX M/s. Surya Roshni Ltd. situated in jurisdiction of C.C.E., Meerut-II is engaged in the manufacture of electric bulbs and tubes. The bulbs and tubes are sold FOR Destination. The price charged includes 2% towards transit risk insurance. For the purpose of the determination of the assessable value of bulbs and tubes, the assessee claimed a deduction on account of equalised freight based on the aggregate of transportation charges, insurance charges, octroi and taxes.
Notification No. 11568/2000-Income Tax In exercise of the powers conferred by clause (23) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the “Panjim Gymkhana, Goa” for the purpose of the said clause for assessment years 1996-97 to 1998-99 subject to the following conditions
Notification No. 11568/2000-Income Tax In exercise of the powers conferred by clause (23) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Panjim Gymkhana, Goa, for the purpose of the said clause for the assessment years 1996-97 to 1998-99 subject to the following conditions
Recently, a large case of drawback fraud has been detected at Nhava Sheva Port. In this case the exporter had attempted to export old and used garments and carpet cutting left overs, mainly with the intention to claim undue drawback. On investigation, it was found that some garments Mere at such small size as can be used only for dolls and even these were made of old and used sarees. some of the
A large number of exporters and export promotion councils have brought to thenotice of the Board that. there is considerable delay in verification of DEPB scrips at the Custom Houses. This issue has also been brought up repeatedly in all the Open Houses wherein the exporters have expressed their resentment regarding such delay and the require«ent to produce all the necessary documents required
The issue of detection of export frauds has continuously engaged the attention of the Board. Recently, ICD, Tughlakabad has detected large number of cases of which the illustrative ones have been reported to the Board vide Commissioner, ICD, Delhi”s D.0. letter C.No.VIII(ICD)6/TKD/E.Shed/Misc./720/2000/22l46 16th November,2000. On this letter. Chairman, CBEC has observed as under
