In Appendix 32A of the Handbook of Procedures the list of Inspection and Certification agencies have been listed. These agencies have been recognised to issue Inspection Certificate under Paragraphs 5.3, 5.4 and 6.3 of the Handbook of Procedures, Vol. 1, l997-2002 (incorporating amendments made upto l3th April, 1998). These certificates issued by the said Inspection and Certification Agencies are valid for import of metal scrap under Paragraph 5.3, second-hand capital goods under Paragraph 5.4 and under EPCG under Paragraph 6.3 of the Handbook of Procedures.
Subsequently, in the meeting of the heads of Stock Exchanges held in December 17, 1997, it was clarified that the 25% is only a threshold limit and it should not be treated as an exemption limit. This was conveyed vide SMD/POLICY/Cir-2/98 dated January 14, 1998. In this connection, the Stock Exchanges have submitted to SEBI to reconsider the above decision on treatment of 25% threshold limit.
Please refer to the circular no. SMD/POLICY/CIR-8/97 dated April 28, 1997 on the revised format for the Monthly Development Report (MDR). Enclosed please find the modified format for reporting details of completed settlements during the month, forming point no.1 of Section-I of the MDR.
The Exchanges, who are yet to incorporate the above provision in their bye-laws are therefore advised to take up the matter in their Governing Board meeting for consideration and make suitable amendment in the bye-laws without any further delay under advice to us.
The Government of India amended the import policy by allowing various items to be imported under Special Import Licence (SIL) through Notification No. 14(RE-98).
Under the Scheme, manufacturer exporters, merchant exporters tied to supporting manufacturer(s) and service providers are eligible to import capital goods. For Agricultural exports, import of irrigation equipments may be allowed provided ownership of these equipments rest with the EPCG licence holder, such equipments are not sold or leased and list of places where the equipments are to be located is made available to the jurisdictional Asst. Commissioner of Customs and Excise.
Instances have come to notice where some of the Licensing Authorities have been endorsing the licences to take supplies from Private Bonded Warehouses, which is not in keeping with the provisions of paragraph (vii) of the Policy Circular No. 7 dated 25.5.1998. The Licensing Authorities are hereby ordered not to make any such endorsement, as the same is not required.
I am directed to enclose a copy of Notification No. 61/ 98 – Cus. dated the 5th August, 1998 amending Notification No. 133/ 94- Cus dated 22.6.94 and 177/94 – Cus dated the 21st October, 1994 to notify “Kayfoam Export Processing Zone, Kandivli, Mumbai” as the eighth Export Processing Zone in the country. The said zone has been approved as multi-product zone by the Ministry of
I am directed to refer to the Board’s instructions issued from F.N. 305/ 147/93- FTT dated January 31, 1994 wherein it has been prescribed that the EOU / EPZ may be allowed to sub – contract part of their production process provided the substantial activity of manufacture is carried out within the EOU / EPZ/ EHTP units and that it is possible to identify the finished products received after
Subsequent to these amendments, every registered merchant banker, (including a merchant banker who is an NBFC or is undertaking activities other than those related to the securities market and who has neither applied for transfer of certificate of registration to a new entity.
