Under the various incentive schemes under Foreign Trade Policy, the computation of entitlement is to be done on the FOB value of exports inclusive of commissions and discounts, if any-DGFT Policy Circular No.51     Requirement of NOC before clearance of Ozone Depleting Substance (ODS) against Advance Authorizations-DGFT Policy Circular No.52      Bad News for PWC which audited Satyam Computers-Raju admits accounting fraud in company-Raju says it was like riding a tiger not knowing how to get off without being eaten     Raju resigns from Satyam Board-may be arrested and prosecuted      Sensex tumbles by 750 Points in intra day trading after Satyam goes bust          Satyam shares also hammered by 72 per cent on stock exchange after reports of showing fictitious income for last several years     Anti-dumping duty imposed on imports of Float Glass of thickness 2 mm to 12 mm (both inclusive) of clear as well as tinted variety (other than green glass) but not including processed glass meant for decorative, industrial or automotive purposes , originating in, or exported from, the Peoples' Republic of China and Indonesia-Customs Tariff Notification No.4     Anti-dumping duty imposed on import of  Mulberry raw silk (not thrown), 2A grade and below, originating in, or exported from China-Customs Tariff Notification No.5     Full Bench of HC Ruling-High Court is empowered to condone the delay in filing the Appeals under Section 35G of the Central Excise Act, 1944 which are filed beyond the prescribed period of 180 days-Section 5 of Limitation Act will be applicable to Appeals filed under Section 35G of the Central Excise Act, 1944-AIT-2009-05-HC   Co-relation of inputs with the export product under DFIA Scheme-DGFT Policy Circular No.50   Export of Stone Aggregate and River Sand to Maldives for the year 2009-2010-DGFT Notification No.75    Income-tax (First Amendment) Rules, 2009-Rule 40E- Prescribed conditions for the purposes of sub-clause (iii) of clause (B) of sub-section (2) of section 115WB-Income Tax Notification No.1   Income-tax (2nd Amendment) Rules, 2009 –Rule 5D & 5E amended-Income Tax Notification No.2   Government specifies the National Housing Bank (Tax Saving) Term Deposit Scheme, 2008 for the purposes of clause clause (xv) of sub-section (2) of section 80C of the Income-tax Act, 1961-Income Tax Notification No.3  Truckers demand duty free import of radial tyres and lowering of service tax    As per provision of Section 47(iv) of Income Tax Act whether the transfer of capital asset by a company to its wholly subsidiary company could be regarded as transfer and therefore capital gains tax could be levied on such transfer-AIT-2008-04-HC     Government grants full service tax exemption on taxable services provided to a Goods Transport Agency by their sub-contractors-Service Tax Notification No.1        DEPB Notification No.89/2005-Customs amended to provide benefits on clearances to SEZ- Customs Tariff Notification No. 3     Amendments made in DEPB Rates vide Public Notice No. 102 dated 05.11.2008 in respect of products where DEPB rates were reduced, stand withdrawn w.e.f. 5.11.2008 itself, thereby restoring the DEPB Rates notified prior to 5.11.2008, for the said items-DGFT PN 124     Government releases Rs. 600 crore to regional authorities of DGFT for payment of pending claims of Terminal Excise Duty and Duty Drawback under deemed export scheme-Government also releases Rs. 200 crore to the Development Commissioners of SEZs for payment towards pending claims of CST in respect of supplies made to 100% EOUs     Anti-dumping duty on import of acrylonitrile butadiene rubber (NBR) originating in, or exported from, Korea RP -Customs Tariff Notification No.1      Changes in Customs duty on specified goods-Customs Tariff Notification No.2    New Drawback Rates for Boots/half boots/shoes/sandals of leather-cum synthetic/textile materials-Customs Non-Tariff Notification No.1     Drawback Rates on several products hiked-Customs Non-Tariff Notification No.2      Government announces Second Economic Stimulus Package to boost recession hit Sectors-Exemptions from CVD on TMT bars and structurals, and from CVD and Special CVD on cement, withdrawn-Full exemption from basic customs duty on zinc and ferro alloys, withdrawn-Duty drawback benefits on certain items including knitted fabrics, bicycles, agricultural hand tools and specified categories of yarn  enhanced  retrospectively from 1st September 2008-Accelerated depreciation of 50% provided for commercial vehicles to be purchased on or after 1.1.2009 upto 31.03.09-Click on the link below for details     CENVAT Credit of service tax paid on all input services up to the Port allowed to Exporters-Click on the link below for details     As demanded by AIT; FinMin finally amends CENVAT Credit Rules to allow benefit of non-reversal of Credit on clearances to SEZ Developers-Central Excise Non-Tariff Notification No.50-Click on the lik below for details     Anti-dumping duty on import of Flexible Slabstock Polyol, originating in, or exported from, the People's Republic of China, Republic of Korea, Chinese Taipei and Brazil continued till 23rd July, 2009-Customs Tariff Notification No.138     Tariff Value for import of Brass Scrap is 3252 and for Poppy Seeds 4238-Customs Non-Tariff Notification No. 141            Import of new vehicles having an FOB value of US $ 40,000 or more and engine capacity of more than 3000cc for petrol run vehicle and more than 2500cc for diesel run vehicles exempted from policy provision of Import Licensing Note No. 2-DGFT Notification No.74    CBEC clarifies the classification of 'Combined refrigerator freezer with separate external doors' would be under sub- heading 8418 10 and not under 8418 21-Customs Circular No.23    Procedure relating to sanction and pre-audit of refund claims-Customs Circular No.22       Anti-dumping duty imposed on imports of Sodium Hydroxide(Caustic Soda)originating in, or exported from, Korea ROK and the People's Republic of China-Customs Tariff Notification No.137    Abatement from MRP for payment of excise duty lowered by 3 per cent on most of the products-Abatement on Auto Parts lowered to 30 per cent-Central Excise Non-Tariff Notification No. 49     excise duty of 300 PMT notified on cement clinkers-Central Excise Tariff Notification No.64     10% ethanol blended petrol exempted from excise duty    Duty free import of capital goods and spare parts under EPCG-Customs Tariff Notification No.136  Anti-dumping duty on import of phenol-Customs Tariff Notification No.135    Authority for Advance Ruling rules looking at the nature of activities carried on or to be carried on by the liaison office of Ikea Trading (Hong Kong) Ltd. in India, no  income would accrue or arise or deemed to accrue or arise in India in terms of section 5(2)(b) of Income Tax Act, 1961-AIT-2008-482-AAR      Authority for Advance Ruling rules the swapping premium is profit derived from the business of providing long-term finance (computed under the head 'Profits & Gains of Business or Profession' before making any deduction under this clause) in terms of section 36(1)(viii) of the Income Tax Act, 1961-specified percentage thereof is eligible for deduction u/s 36(1)(viii) of the Income Tax Act in view of the fulfillment of condition for carrying this sum to the special reserve-AIT-2008-483-AAR   Definition of 'Charitable purpose' under section 2(15) of the Income-tax Act-Income Tax Circular No.11      Import of Trucks/Tippers/Dumpers and spares thereof, under EPCG Scheme by any other sector except for the mining sector is not permitted-DGFT Circular No. 48    transitional arrangements in respect of items whose import has been restricted, shall continue-DGFT Circular No.49    SION norms for export of Shea Stearine notified-DGFT PN 118    The appellant an international firm of solicitors resident in UK, has no office or fixed base in India-the income of the assessee is charged on hourly basis in India and utilised in India shall only be chargeable to Income-Tax Act as disclosed in the return of Income-AIT-2008-480-HC       CBDT clarifies that any return of income for the assessment year 2008-09 filed electronically on 30th September 2008, in respect of which the electronic acknowledgement bears the date stamp of 1st October 2008, shall be treated as having been filed within the due date, i.e. 30th September 2008     Export of cement freely allowed from all Ports-DGFT Notification No. 73    Bombay HC rules it is only after enactment of Section 66-A w.e.f. 18.4.2006 that taxable services received from abroad by a person belonging to India are taxed in the hands of the Indian residents- In such cases, the Indian recipient of the taxable services is deemed to be a service provider-Before enactment of Section 66-A, there was no such provision in the Act and therefore, Union of India had no authority to levy service tax-Click on the link below for details        Import of all pre-packaged commodities subjected to compliance of all the provisions of the Standards of Weights and Measures (Packaged Commodities) Rules, 1977-Customs Circular No.21      Larger Bench of CESTAT rules in the case of provisional assessment under the Central Excise Rules, 2002 interest is required to be paid from the first day of the month succeeding the month for which such amount is determined-Interest is required to be paid even if the differential amount is paid before the order, under the Rule 7(3) of the said Rules, is issued finalizing the assessment-AIT-2008-473-CESTAT  
 
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CUSTOM CIRCULARS 2003

Circular No.

Subject

001/2003

Permision for Taking Out Plain Semi-finished Jewellery for Job Work in DTA by Gem & Jewellery Manufacturing Units in SEZ

002/2003

Duty drawback rates for Non-Alloy steel and Alloy steel forgings

003/2003

Warehousing – Grant of extension of warehousing period by Chief Commissioners under Section 61 of the Customs Act, 1962

004/2003

Duty drawback rates for Non-Alloy steel and Alloy steel forgings

005/2003

 

006/2003

Conversion of free shipping bills into Advance License/DEPB/DFRC/ Drawback shipping bills and conversion of shipping bills from one export promotion scheme to another

007/2003

Admissibility of drawback and Market verification for ascertaining the present market value under Drawback Scheme

008/2003

Acceptance of self-declaration as to the non-availment of Cenvat facility for extending the duty drawback

009/2003

Duty Drawback on Composite Items

010/2003

Sanction of All Industry Rate of Duty Drawback pending fixation of Brand Rate of Drawback

011/2003

 

012/2003

 

013/2003

Examination norms for export goods at port of export for exports by EOUs and units in SEZs

014/2003

Decentralisation of the work relating to fixation of Brand Rate of drawback under Rule 6 and Rule 7 of the Customs & Central Excise Duties Drawback Rules, 1995.

015/2003

Imports of free gifts under Bilateral Agreement.

016/2003

Enhancement/Loading on invoice price

017/2003

Removal of Laptop Computers and Video Projection System Temporarily out of EOU or EHTP / STP/SEZ Unit

018/2003

Guidelines for considering request for exemption from payment of customs duty under Section 25(2) of Customs Act, 1962.

019/2003

Exemption from Declarations – Goods sent for testing abroad subject to re-import

020/2003

Introduction of new stamps by the State Customs Service of Turkmenistan

021/2003

Requirement of registration of manufacturing premises of foreign drugs manufacturer prior to their import in the country under Drugs and Cosmetics Rules

022/2003

DTA Sale of Power by EOUs and units in EPZ/SEZ/EHTP/STP– De-linking of Such Sale from the DTA Sale Entitlement of the Units-

023/2003

All Industry Rates of Duty Drawback, 2003-2004

024//200

Admissibility of duty drawback to the supplies effected by DTA Units to Special Economic Zones

025/2003

2003-04 EXIM Policy – Changes made in Advance License, DFRC, EPCG, DEPB and DEEC Schemes, etc.

026/2003

Permission to send out goods for job work by EOUs/STP /EHTP /SEZ Units

027/2003

Imports for delivery to an institution, eligibility under notification 51/96-Cus.

028/2003

Transmission of import DTRs to DGCI&S by field formations as per the revised 8 digit Customs Classification Codes

029/2003

EOU/EHTP/STP/ SEZ Schemes-Amendments in Exim Policy and Handbook of Procedures Vol-1, 2002-2007

030/2003

Self assessment scheme for accelerated clearance of import/export cargo.

031/2003

Administrative Control over Export Oriented Units (EOUs)/Special Economic Zones

032/2003

Warehousing – Grant of extension of warehousing period by Chief Commissioners under Section 61 of the Customs Act, 1962

033/2003

Administrative control over ICDs /CFSs

034/2003

Standard set of guidelines for appointment of Custodian of EPZs/ICDs/CFSs

035/2003

Verification of supplementary DEPB scrips issued in terms of DGFT PN No.62 dated 17.2.2003

036/2003

Export of coloured water in the guise of printing ink (industrial grade) on the basis of forged documents showing examination and supervision under Central Excise authorities for availing undue DEPB benefit by
(1)   M/s. Sweety International Pvt. Ltd. & (2)   M/s. Trend Setters, Coimbatore – Novel Modus Operandi

037/2003

Standard set of guidelines for appointment of Custodian of EPZs/ICDs/CFSs

038/2003

Stock Transfer by an EOUs to DTA, Whether Covered under DTA sale of the EXIM Policy

039/2003

Imposition of anti-dumping duty on raw silk, testing of grades

040/2003

Conversion of free shipping bills into Advance License/DEPB/DFRC/Drawback shipping bills and conversion of shipping bills from one export promotion scheme to another.

041/2003

Administrative Control over Export Oriented Units (EOUs)/Special Economic Zones

042/2003

 

043/2003

Nepalese Gazette notification prohibiting the possession of Indian currency notes of Rs. 1000/-denomination in Nepal- Necessary action.

044/2003

Classification of goods described as 'Magnetic Accupressure Treatment System'

045/2003

Investigation against exports of processed, preserved and Frozen fish and fish products under DEPB Scheme (S.No.2 of Product Group 66 of DEPB Schedule) by DGRI/Customs authorities

046/2003

Change  of  port  in the Shipping documents pending  amendment in AEPC certificate  for  hosiery exports

047/2003

Section 166 of the Finance Act, 2003- Incorporation of provisions relating to Prosecution in the Finance Act, 1989 in respect of Inland Air Travel Tax

048/2003

Revised norms for execution of Bond and Bank Guarantee under Advance License and EPCG Schemes

049/2003

Guidelines for considering request for exemption from payment of Customs Duty under Section 25(2) of Customs Act, 1962.

050/2003

Customs procedure for shipment of export cargo/import cargo to/from Bangladesh by the inland waterways route from Haldia Docks Complex.

051/2003

Implementation of  New Revised  8 digit  HS Codes in exports documents and  export DTRs  to be  transmitted  to DGCI&S, Kolkata

052/2003

Classification of Badian Khatal Fruit ( Star Aniseeds).

053/2003

Kimberley Process Certification Scheme (KPCS) for Rough Diamonds– Implementation

054/2003

Exports  from Inland Container  Depots (ICDs)

055/2003

Duty drawback  rates  for  Non-Alloy steel and Alloy steel forgings

056/2003

Dutiability of Coke Breeze generated in the process of manufacturing of Pig  iron/steel.

057/2003

Eligibility of Fixed Wireless Telephones & Fixed Wireless Terminals  working on cellular technology under notification No. 21/2002-Cus. Sl. 313 dated 1.3.2002.

058/2003

Misuse of Non-quota Entitlement against export of Garments to Russia by 63 Indian exporters

059/2003

 

060/2003

 

061/2003

Customs procedure for export of container cargo from ICDs/CFSs in India to Bangladesh and Nepal through LCSs

062/2003

 

063/2003

 

064/2003

Limit for payment of agency commission on exports.  

065/2003

Acceptance of self-declaration as to the non-availment of Cenvat  facility for  extending  the  duty drawback .

066/2003

Disposal of Hazardous Waste – Public Interest Litigation in WP No.675/1995 in the matter of Research Foundation for Science, Technology  & Natural Research Policy Vs Union of India and Others

067/2003

Delay in release of Telegraphic Release Advice (TRA) Under Advance License/DEPB/DFRC Schemes.

068/2003

Operationalisation of the Provision of Chapter X A of the Customs Act, 1962- Issuance of SEZ Rules and Regulations

069/2003

 

070/2003

Eligibility of BOPP films under notification no/. 25/99-Cus. dated 28.2.99 sl. nos. 52 and 44.

071/2003

Mis-declaration in import of CD-Deck Mechanisms.

072/2003

Facility for permitting imports under DEPB Scheme at Customs bonded warehouses through TRA procedure.  

073/2003

 

074/2003

Revised norms for execution of Bond and Bank Guarantee under Advance License and EPCG Schemes.

075/2003

 

076/2003

Issue of distribution Certificates under notification no. 148/94-Cus. Sl no. 8, dated 13.7.94 

077/2003

Customs Claims against vehicles temporarily imported into India by tourists under Carnets-de-passage

078/2003

Misuse of import policy for import of used printing machines.

079/2003

Revised norms for execution of Bond and Bank Guarantee under Advance License and EPCG Schemes.

080/2003

Standard set of guidelines for appointment of custodians of ICDs/CFSs/EPZs – Amendment thereof. 

081/2003

Dutiability on Certification Charges incurred on Cut and Polished Diamond Re-imported after Certification under Exemption Notification No. 55/2001-Cus dated 16-03-2001.

082/2003

Misuse of Non-quota Entitlement against export of Garments to Russia by 63 Indian exporters.

083/2003

Fixation  of  brand  rate  of  duty drawback  by the  Central Excise  field  formations under  Rules  6  and  7  of  the  Customs  and  Central Excise  Duties  Drawback  Rules, 1995

084/2003

Marble Imports-valuation-Finalisation of Provisional Assessments.

085/2003

Import of palm oil/Palmolein in refined/crude forms

086/2003

Effective date of payment of Government dues by Cheque.

087/2003

Movement of Domestic Courier bags on domestic segments of international flights

088/2003

Facility of permitting imports/exports against Telegraphic Release Advice (TRA) under Duty Free Credit Entitlement Certificate (DFCEC) for Status Holders, Duty Free Credit Entitlement Certificate (DFCEC) for Service Providers and Export Promotion Capital Goods (EPCG) Scheme

089/2003

Fixation of brand  rate  of  duty drawback  by the  Central Excise  field  formations under  Rules  6  and  7  of  the  Customs  and  Central Excise  Duties  Drawback  Rules, 1995 - Removal  of difficulties.

090/2003

Compulsory Quality Control & Pre-shipment Inspection of  Honey- Reference  from  Export Inspection Council of  India( EICI)

091/2003

Rule 10A in the Customs Valuation Rules, 1988.

092/2003

Large  scale misuse of  Drawback  Scheme  on exports of  cotton knitted  garments  through ICDs   in Tamil Nadu   by willful and  gross  over-invoicing  and  manipulation  of  documents  by  dubious  exporters  of  garments  - Circulation of  modus  operandi  adopted .

093/2003

Amendment of Section 61 of the Customs Act, 1962 regarding interest free warehousing period  - Clarification thereto 

094/2003

Clarification regarding adequate infrastructure to be provided by custodian for their computerisation and link with the customs EDI at  ICDs /CFS. 

095/2003

 

096/2003

Acceptance of self-declaration as to the non-availment of Cenvat  facility for  extending  the  duty drawback .