The matter has been taken up with the RBI. In this connection, RBI has clarified that as per the provisions of para 7A.19 of Exchange Control Manual (1993 edition) the Exchange Control copy of import licence submitted by the importer for opening of letter of credit or making remittance should be retained by authorised dealer and forwarded to RBI after it has been fully utilised alongwith R Returns pertaining to the period during which the last remittances under the licence were made.
Notification No. S. O. 915(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 the 10 years, 13.5% (Taxable) HUDCO Bonds (Series-VII) bearing distinctive numbers from 10000001 to 10620000 for Rs. 1,000 each aggregating to an amount of rupees sixty-two crores only issued by Housing and Urban Development Corporation Limited, New Delhi, for the purpose of the said clause.
For the purposes of this notification, “landed value” means the assessable value as determined under the Customs Act, 1962 (52 of 1962) and includes all duties of customs except customs duties levied under sections 3,3A, 8B, 9 or section 9A, as the case may be, of the said Customs Tariff Act.
Attention is invited to Circular No. 69/97 – Cus. date 8th December, 1997. As per para 6 & 7 of this Circular, an enquiry/ investigation into the PMV of an export product must be completed and a final view taken within 30 days
I am directed to refer to Circular No. 50/97, dt. 17.10.97 regarding disposal of Unclaimed/ Uncleared Cargo by the Custodians. It was decided that the procedure contained in the said Circular would be applicable to Central Government undertakings listed therein. In view of requests from State Government like Mysore Silk International, Kerala State Industrial Enterprises etc. and direction of the
he Designated Officer of the Department of Electronics (hereinafter referred to as the said officer) verifies the relevance/ useability of the imported materials in the export product as well as the quantity of such materials required for the manufacture of such export product. The said officer shall also verify the actual utilisation of the imported materials in the export product as well as the wastage in respect of export product in terms of the standard input output norms as specified in Volume II of the Hand Book of Procedure of the Export and Import Policy 1997-2002.
Infrastructure being an important aspect for economic development and in order to encourage infrastructure projects in India, especially to facilitate financing of setting up of such projects, it has now been decided that the requirement of 5 public shareholders for every Rs. 1 lakh of net capital offer made to the public as communicated vide our Circular
Representaions have been received from various exporters requesting to extend the date of grant of credits further by Designated Authorities of Pass Book Scheme and Customs authorities as these authorities could not finalise the claims due to the circumstances which were beyond their control.The matter has been considered carefully . All the Designated Authorities of Pass Book Scheme and Commissioners of Customs are, advised to finalise the claims and grant credits.
The 1998 notification updates India’s import policies, outlining conditions for various goods, including oilcakes, vinegar, and personal care items.
These agencies shall send the import return of Mulberry Raw Silk within 15 days from the date of clearance from Customs of such imports to the Central Silk Board and the Director (Stat.), Directorate General of Foreign Trade, Udyog Bhawan, New Delhi in the format prescribed at Annexure – A for information purposes.
