The Indian Sugar and General Industry Export Import Corporation Ltd., (ISGIEIC) shall be sole agency authorised to export raw sugar to EEC against the preferential Ceiling as indicated above. The export of above quantity of raw sugar to EEC under the preferential arrangements as indicated above shall also be subject to prescribed pre-shipment certificate by Export Inspection Council.
Attention is invited to paragraph 5 of Policy circular no.28(RE-98) dated 28.7.98 regarding exemption from pre-shipment inspection from Central Silk board in respect of export of silk garments under DEPB scheme. Consequent upon notification of DEPB rate for Silk madeups and Silk fabrics, it is clarified that pre-shipment inspection by Central Silk Board is not required for exports of silk madeups and Silk fabrics under DEPB scheme.
It has further been decided that stock brokers/clearing house members shall give instructions to clearing house/clearing corporations for transferring the securities lying in the broker’s pool accounts/transit accounts to the respective beneficiary accounts immediately after the pay-out of each settlement.
Attention is invited to Paragraph 7.8 of the Export and Import Policy 1997-2002, as amended and Paragraphs 7.8, 7.9 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.
I am directed to inform that in letter No. 046 IV dated 17.10.1997 read with letter dated 20.9.1997 Board has across dispose of unclaimed and uncleared cargo landed in the IPB meeting dated 20.3.1999 at Chennai, it has been dated actin to clear the goods laying upto 31.12.1998 within the . I fhere are no court cases preventing such disposal and witin court cases involved.
It has therefore been decided that henceforth delivery of underlying shares of GDRs/ADRs shall compulsorily be in dematerialised form. Stock Exchanges shall not accept delivery of underlying shares of GDRs/ADRs in physical form.
RBI has further clarified that there would not be any obstacle from FERA angle in the process of dematerialisation as the above mentioned notifications have issued to take care of the same. Copies of the notifications are enclosed herewith.
Notification No.S. O. 1374 – Income Tax It is notified for general information that enterprise, listed at para (3) below have been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 1999-2000, 2000-2001 and 2001-2002
Notification No.S. O. 1373 – Income Tax It is notified for general information that Synergy Mortgage Loan Co. Ltd., 3011 and 3014 High Point III, 25 Palace Road, Bangalore, has been approved by the Central Government for the purpose of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1998-99 and 1999-2000
Notification No.S. O. 1372 – Income Tax It is notified for general information that P. N. B. Housing Finance limited, 9th Floor, Antriksh Bhavan, 22, Kasturba Gandhi Marg, New Delhi-110001, has been approved by the Central Government for the purpose of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment year 1999-2000
