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Notifications/Circulars

Export of Wheat to Bangladesh during 1998-99

December 22, 1998 367 Views 0 comment Print

It has been decided to allow export of 25,000MT of Wheat by M/S Karnataka State Cooperative Marketing Federation Ltd., ( KSCMF) Bangalore to Bangladesh @US$162Per MT C&F Gede for Darsana by Rail and /or C&F Sonamasjid/Hilli by truck and place it at the disposal of APEDA for issue of RCACs in favour of M/S Karnataka State Cooperative Marketing Federation Ltd., (KSCMF ) Bangalore.

Notification No. S. O. 1087(E)-Income Tax Dated 21/12/1998

December 21, 1998 453 Views 0 comment Print

Notification No. S. O. 1087(E)-Income Tax In exercise of the powers conferred by sub-clause (h) of clause (iv) of sub-section (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 10.5% tax-free (7A-Series) Konkan Railway Bonds bearing distinctive numbers 1 to 11,40,000 for an amount of rupees one hundred fourteen crores only issued by Konkan Railway Corporation Limited

Special Additional Duty of Customs (SAD) – Goods for sale are exempted and need no debit in Passbook

December 17, 1998 877 Views 0 comment Print

Importers are entitled to clear goods against debits in valid Passbooks vide Entry No. 13 Notification No. 34/98- Cus. dated 13.6.98. Merchant exporters are otherwise entitled to the benefit of exemption from SAD vide S. No. 12 of Notification No. 34/98-Cus. dated 13.6.98. This is a stand alone entry which exempts all goods which are for sale as such, and so long as the importers make a

nterwork Interface Unit (NIV) is eligible for Duty concession under Notification No. 23/98-Cus.- Boards Circular No. 70/98 dt. 15/98 superseded

December 17, 1998 409 Views 0 comment Print

I am directed to refer to Sl. No. 171 of Notification No. 2398-Cus dated 2.6.98, wherein goods specified in List 29, Sl. No. (i) (a), Wireless in Local Loop System (excluding terminal equipment) for basic Telecom Service Project, are extended concessional duty @ 20% basic and ‘Nil’ additional duty

DEPB – Import (but not export) can be made on any seaport / airport/ ICDs against TRA

December 17, 1998 490 Views 0 comment Print

Please refer to Board’s Circular Nos. 10/ 97- Cus. dated 17.4.97, 28/ 97 – Cus, dated 30.7.97, 5/98- Cus. dated 23.1.98, 19/98- Cus. dated and 33/98- Cus. dated 13.5.98 regarding DEPB Scheme & TRA facility there under

SEBI : Y2K Preparedness Project

December 17, 1998 412 Views 0 comment Print

In this regard, questionnaire were sent to all Registrars to an Issue/Share Transfer Agentson September 19, 1998 and a reminder was sent on October 15, 1998. It is observed that many Intermediaries have not responded and in some cases their system is not Y2K compatible. It is advised that all Registrars to an Issue/Share Transfer Agents shall ensure that their system is Y2K compatible on or before June 30,

SEBI : Y2K Preparedness Project

December 17, 1998 424 Views 0 comment Print

The Year 2000 problem poses a significant challenge for the securities market and other related activities. Failure to address this issue in timely manner would cause operational problems to all the institutions operating in the securities market, even to the extent of disruption of financial markets.

Policy Circular No. 57 (RE-98)/98-99 , Dated: 16.12.1998

December 16, 1998 457 Views 0 comment Print

Similarly, in respect of turn key civil construction projects, deemed export benefits will be available only for supply of goods as was already clarified under Policy Circular No. 32 dated 20th August, 1998 provided the goods are manufactured in India and these benefits will be available only to the Manufacturer Exporter who manufacture and supply the goods. Policy Circular No. 32 had clearly stated.

SEBI : Submission of old FII Data

December 14, 1998 409 Views 0 comment Print

We have taken note of the suggestions made by the custodians for modifications in the database. While these suggestions are being examined, the custodians may defer the submission of old FII investment data for the time being.

This notification notifies specified Countries as developing countries for the purposes of the levy of safeguard duty

December 14, 1998 1837 Views 0 comment Print

Safeguard duty-Developing countries notified for the purposes of Section 8B of Customs Tariff Act. – In pursuance of clause (a) of sub-section (6) oi section 8B of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, hereby notifies the following countries as developing countries for the purposes of the said section.

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