Circular No. 440/06/99-CX I am directed to say that the Annual Budget of the Central Government for the Financial Year 1999-2000 is likely to be presented to Parliament on the 27th February, 1999 at 11 AM. Notification No. 8/99-Central Excise (NT) dated 10th February has been issued to amend rule 100G and rule 224 of the Central Excise Rules, 1944 consequent to the decision of the Government to change the time of the presentation of this Budget from 5.00 PM to 11.00 AM.
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act/1962 (52 of 1962), read with sub-section (4) of section 68 of the Finance (No. 2) Act, 1996 (33 of 1996), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts second-hand computers and computer peripherals including printer, plotter, scanner, monitor, key-board and storage unit from the whole of the duty and additional duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975.
Where the applicant of Special Import Licence has given any option for currency in which value on the licence is to be indicated, value of licence is to be indicated in such currency as opted by the applicant. However, in cases where no option has been given by the applicant of Special Import Licence, value of licence is to be indicated in US $ along with Indian Rupees.
The securities lending contract to be entered into by the mutual fund shall carry specifications with regard to the collateral security and its valuation so as to minimize the risk involved,
Notification under Sections 13, 14, 19, 21, 28 and Excise Rules 201, 202 – In exercise of the powers conferred under the provisions of the Central Excise Act, 1944 (1 of 1944) and the Central Excise Rules, 1944 specified under column (2) of the Table below and in supersession of notification of the Government of India in the Ministry of Finance, Department of Revenue No. 102/57-C.E.
In the matter of import of Potassium Permanganate falling under Chapter 28 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in or exported from the Peoples Republic of China, the Designated Authority vide its final findings, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 8th August, 1995 had come to the conclusion.
Circular No. 439/5/99-CX I am directed to say that it has come to the notice of the Board that doubt still persists in the classification of the “soft drink concentrate”. However, it is felt that after the introduction of a specific entry at sub-heading 2108.10 as preparation of lemonades or other beverages intended for use in the manufacture of aerated Water”, there should not be any doubt as regard to classification of these products.
Food-stuffs, medicines, clothing and blankets received by any charitable organisation, registered with Ministry of Welfare and Ministry of Home Affairs under Foreign Contribution Regulation Act, as a gift from any philanthropic organisation or person abroad, for free distribution either by itself or other charitable organisations to the poor and needy without any distinction of caste, creed or colour.
Export allowed subject to the condition that exporter shall notify the National Authority, Chemical Weapons Convention, Cabinet Secretariat, Ministry of External Affairs ( D&ISA ), Department of Chemicals and Petrochemicals and the Directorate General of Foreign Trade of such exports in prescribed format ( Appendix 18 B, as reproduced in the Handbook of Procedures, 1997-2002 ) along with the End use Certificate within 30 days of the actual export.
Circular No. 438/4/99-CX The Central Board of Excise and Customs had issued instructions on the above subject vide Circular No. 80/88/94-CX.8 dated 21.11.94. Para 4.2 of the said circular provides that Chief Account Officer (CAO) shall complete checking of credit entries in PLAs from the original treasury documents (Original copy of TR-6) received from the PAO within 15 days from the receipt of said documents from the Range Officer.
