Circular No. 768-Income Tax At present trading in securities is done through the physical movement of the scrips. Transactions are settled through the endorsement and delivery of the certificates which are also the proof of ownership of the security mentioned therein. This system is fought with many difficulties caused due to bad deliveries and loss of share certificates.
In exercise of the powers conferred by section 5 of the Foreign Trade ( Development & Regulation) Act 1992 (No.22 of 1992) read with paragraph 1.3 of the Export and Import Policy, 1997-2002, the Central Government hereby makes the following amendments in the Export and Import Policy, 1997-2002.
Attention is invited to Paras 7.8, 7.9 and 7.10 of Handbook of Procedures, Vol.1, 1997-2002, published under the Ministry of Commerce Public Notiice No.1/1997-2002 dated 31.3.1997 and Handbook of Procedure, Vol.2, 1997-2002 published under the Ministry of Commerce Public Notice No.2/1997-2002 dated 31.3.1997.
Export of Schedule 3 Chemicals, as specified above, to States not party to the Chemical Weapons Convention shall continue to be restricted against export licences in terms of entry appearing at S.No. 28 of Paragraph 16.2 of the Negative List of Exports.
Circular No. 404/37/98-CX The issue regarding inclusion of notional interest on advance deposits in the assessable value of excisable goods has been re-examined by the Board in view of several references received from the field formations and the trade seeking clarifications.
I am directed to refer to Board’s Circular No. 14/98-Cus dated 10.3.98 issued from F.No. 305/107/97 – FTT regarding execution of the single bond in lieu of different bonds being executed at present by 100% EOUs / EPZs units which has been notified vide Notification No. 6/98-CE (NT) dt. 2.3.98 called B-17 bond. It was provided in the above said circular that only surety bond has to be
Representation have been received as to whether Seafood and Aquaculture processed food shall be covered within the definition of food processing. The matter was referred to Ministry of Food processing which clarified that seafood and aquaculture processed food shall be covered within the definition of food processing.
Government of India updates DEPB credit rates for various exports. Effective from June 18, 1998, with changes for shipments between 1997-1998.
In such cases Collecting Branches of the Issuer Bank will transfer the balance in their issue accounts at the end of each working day to the Controlling Branch of the Bank, who in turn will transfer the balance in the collection account to the principal account
Circular No. 403/36/98-CX A proposal regarding nomination of representatives of Service Tax Sector in the Regional Advisory Committees by DG (Service Tax) has heen under consideration of the Board. The DG(ST) has proposed that each Commissionerate should have 3 representatives from Service Tax Sector in the RAC with further recommendation that this could be increased to 5 with the Separate RAC for Service Tax Sector,
