Attention is also invited to Policy Circular No. 25(RE-98)/98-99 , dt. 24.7.98 and also to Policy Circular No. 43 dt. 13.10.98 releasing a ceiling of one lakh MT of Coarse-grains inclusive of 25,000 MT of the export ceiling of Coarse grain already released. The bifurcation of the balance ceiling of 75,000 MT shall be as 18,750 MT for PSUs and 56,750 MT for Private exporters.
The DEPB rate for export product as given in Appendix 28A at S.No. 3 of Fish & Fish products may be amended to read as 10%. The enhancement in the above DEPB rate shall be effective from 15.4.98 and shall cover exports of such products made on or after 15.4.98.
Notification No. 30 (RE-98) 1997-02 updates import policy for off-highway dumpers, now classified as free for import under specified conditions.
It has been reported by the Commissioner of Customs, Ahmedabad that Private Bonded Warehouses (PBW) areset up under Para 9.21 of the Exim Policy as per the permission given by the concerned Development Commissioner and the Board of Approval. The PBW was allowed to import rough diamonds and sale it in the DTA against the REP Licences, NAW, the RBW intended to re-export a
Indian Rupee Value of the special currency Basket for the purposes of deferred payments contracts entered into under the Deferred payments protocol dated the 30th April, 1981 for the period l.l.81 to 31.12.85 and the Deferred payments protocol dated 23rd December, 1985.
Further, effective from January 4, 1999, any investor who would have a net delivery obligation of 5000 shares or more in any of the 24 scrips as per Annexure ‘D’, could only do so in dematerialised form.
Public Notice 53(RE-98) updates DGFT procedures, including export obligations for software units, EPCG license procedures, and Special Import License requirements.
Notification No. S. O. 950(E)-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies : (i) the IDBI Super Deposit Bonds bearing distinctive numbers 1 to 7907884 of the face value of rupees five thousand each;
M/s Indian Freight Container Manufacturers Association has represented to Government of India that a huge dumping of empty containers into the system is affecting the off take of containers manufactured in the country because of lack of monitoring of the requirement to re-export the imported Containers within six months. Moreover, extinction beyond six months is granted by customs
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and in supersession of the Notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 3/97-Cus., dated the 16th January, 1997, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods of the description specified in the Annexure below (hereinafter referred to as the specified goods) upto the value of clearances specified in column (2) of the Table below, (hereinafter referred to as the said Table) from so much of the duty of customs leviable under section 3 of the Customs Tariff Act, 1975.
