Circular No. 244/78/96-CX The Public Accounts Committee in its Report (1994-95) 10th Lok Sabha has observed a huge pendency in the area of verification or refund claims, non verification of PLAs and non-reconciliation of receipts by Chief Accounts offices etc.
Circular No. 243/77/96-CX The proposals made in the budget have been modified in certain respects. Notification Nos. 26/96-CE, 27/96-CE, 29/96-CE (N.T.) to 31/96-CE (N.T.) all dated the 3rd September, 1996 have been issued in this regard. These notification come into force on 4.9.1996.
Circular No. 242/76/96-CX I am directed to say that certain doubts have been expressed as to whether freezers and freezing equipments are covered by the term “other refrigerating appliances and machinery” and whether the effective rate of duty prescribed under Notification No. 53/ 93-CE dated 28.2.1993, 46/94-CE dated 1.3.1994 and 56/95-CE dated 16.3.1995 is available to freezers and freezing equipment.
Circular No. 241/75/96-CX I am directed to say that a doubt has been raised on the interpretation of Notification No. 30/95-CE dated 16.3.95 (S.No. 1) regarding exemption to certain narrow woven fabrics falling within Ch. 58 from Central Excise duty and/ or additional duty of customs
Exemption to imports by Ford Foundation. In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts all the goods including automobiles, imported into India by the Ford Foundation for their official use from the whole of the duty of customs leviable thereon under First Schedule to the Customs Tariff Act,
Please treat this as MOST URGENT, as the reply to the Question is to the sent to the Government by September 4, 1996, and, therefore, you are requested to please arrange to send the information by Fax, so as to reach us latest by September 03, 1996.
I am directed to say that the Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996 which shall come into effect on 1st September, 1996 have been modified slightly vide Notification No. 43/ 96-Customs (N.T.) dated 30th August, 1996
Circular No. 240/74/96-CX Attention in invited to the Budgetary changes effected by Notification No. 15/96-CX(NT) dated 23rd July, 1996 whereby “Matches” have been brought under the purview of Self Removal Procedure. Simultaneously the rules corresponding to physical removal
In supersession of all earlier instructions contained in :- Circular Nos. 52/95-Cus. dt. 25.5.95, 97/95 dt. 14.9.95, 123/95 dt. 4.12.95 & telex F.No. 605/75/95-DBK dt. 25.8.95, the following guidelines are hereby issued for execution of Bonds and Bank Guarantee
The Executive Directors/Managing Directors of all the Exchanges are requested to take note of the above and ensure that these matters are placed in the Board Meetings along with all the relevant details in this regard.
