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Circulars
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Clearance of imported metal scrap–Procedure regarding
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Clearance of imported metal scrap: customs amends station listing and permits pre inspection regime with transitional LC relief.
The Board substitutes ICD Tughlakabad with ICD Loni, Ghaziabad in the list of customs stations for clearance of imported metal scrap. Until the new import-from-registered-sources system takes effect, imports will proceed under a Pre Shipment Inspection regime and transitional Foreign Trade Policy provisions apply. Commissioners of Customs may allow clearance where an irrevocable Letter of Credit was established before the change.
Refund of excise duty paid on purchase of excisable goods by diplomatic missions
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Refund time limit protection: filing with designated MEA officer counts as submission, and MEA bears interest for delayed forwarding.
Refund claims by diplomatic missions filed with the Ministry of External Affairs are treated as filed for statutory purposes from that date; MEA must forward claims with recommendations to the jurisdictional Assistant/Deputy Commissioner within 30 days, and if MEA's delay beyond 30 days causes refund sanction beyond three months, MEA will bear interest liability for the excess period while the processing and cheque issuance remain with the jurisdictional central excise officers.
All Industry Rate of Drawback for both HSD and Furnace Oil
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All Industry Rate of Drawback HSD and Furnace Oil announced, applicable to supplies by domestic oil companies under FTP schemes.
All Industry Rate of Drawback of Rs.1160 per metric ton is announced for HSD and Furnace Oil supplied by domestic oil companies under the export incentive schemes in Chapters 4, 6 and 8 of the Foreign Trade Policy, 2004-09, under the powers of Paragraph 2.4, effective immediately and until further orders.
Methodology for distinguishing Artistic Work for grant of benefit under VKGUY Scheme (for export of identified Artistic Wooden Furniture items as in Appendix-37A).
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Artistic work certification required: exporters must present authenticated invoices to obtain VKGUY export scheme benefits.
Exports of identified artistic wooden furniture are eligible for VKGUY benefits only where Customs shipping bills describe the product as "artistic" and classify it under the ITC HS codes listed in Appendix 37A; exporters must present invoices certified/authenticated by recognised handicraft bodies and Regional Authorities will require those certified invoices along with ANF3C export documents before granting benefits.
Guidelines for Overseas Investments by Venture Capital Funds
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Overseas venture capital investment rules permit registered VCFs to invest in foreign equity subject to SEBI allocation and compliance limits.
SEBI permits registered Venture Capital Funds to invest in equity and equity linked instruments of foreign companies defined as Offshore Venture Capital Undertakings, subject to an overall USD 500 million cap and applicable regulations. VCFs must obtain SEBI prior approval via the prescribed proposal; no separate RBI permission is necessary. Investments are limited to companies with an Indian connection and up to 10% of a VCF's investible funds. Allocation is on a first come first serve basis and must be utilised within six months or may be reallocated by SEBI; FEMA amendments and RBI directions will govern implementation.
Transfer of files from CRC to Spl. Zone
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Registration for Works Contract and Right to Use moved to Special Zone Ward 107; files to be transferred immediately.
Applications and registrations for dealers engaged in Works Contract and Right to Use of Goods shall be processed in Ward 107 (Special Zone), and files of such dealers held in the Central Registration Cell are to be transferred to the Special Zone after grant of registration; this change takes effect immediately.
Procedure for E-Payment of Customs Duties under the Indian Customs EDI system – (ICES) Imports at Kandla -regarding
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E-payment of customs duties via ICEGATE enables electronic settlement and automatic forwarding of Bills of Entry to examination queues.
An e-payment facility for customs duties at Kandla Port via the Customs E-Payment Gateway on ICEGATE allows importers/CHAs with internet-enabled bank accounts to select unpaid challans, choose an authorised bank, complete payment on the bank's site, obtain a cyber receipt, return to ICEGATE to finalise the transaction, and have payment particulars transmitted electronically to ICES so the Bill of Entry moves to the examination queue without production of physical proof.
Amendments in Standard Input Output Norms (SION)
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Standard Input Output Norms amendment restricts sugar for sugar free confectionery and permits specific sweeteners and saffron with conditions.
The Director General of Foreign Trade amends the Standard Input Output Norms (SION) for Assorted Confectionery in Handbook of Procedures (Vol.2), specifying permitted input items and quantities per 100 kg export, deleting prior notes and adding revised notes that prohibit sugar for sugar free confectionery while permitting starch/modified starch/gelatin and specified intense sweeteners, and allowing saffron import as flavour subject to Shipping Bill disclosure and an upper per unit usage limit applicable from the stated effective date.
Specifying Inland Container Depot (ICD), Valvada, Taluka: Umbergaon, Distt. Valsad for clearance of imported goods and export goods under DFIA, Advance Licence and DEPB schemes-Regarding
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Inland container depot designation permits clearance under export promotion schemes subject to licensing and inspection conditions.
ICD Valvada, Umbergaon is specified for clearance of imports and exports under DFIA, Advance Licence and DEPB schemes subject to conditions: assessment and licence endorsements by officers not below Assistant/Deputy Commissioner, three-working-day advance submission of Shipping Bills/Bills of Entry, production of release advice when port of registration differs, selective test-weight checks, and mandatory chemical analysis sampling for synthetic textile exports; specified polyester/nylon materials and synthetic waste are prohibited for import or export under these schemes.
Review of External Commercial Borrowings (ECB) Policy
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ECB threshold restricts large borrowings to overseas-use only, while smaller ECBs require overseas parking and approval for rupee use.
Borrowings above a specified large-value threshold per borrower per financial year are permitted only for foreign-currency expenditures for permissible end-uses and must be parked overseas rather than remitted to India; this applies under both the Automatic and Approval Routes. ECB below that threshold may be used for foreign-currency expenditures under the Automatic Route with proceeds parked overseas, while rupee use of such funds requires prior Reserve Bank approval under the Approval Route and funds remain parked overseas until needed.
Custom House Agents Licence under Section 146 of the Customs Act, 1962 –Regulation 11 sub Regulation (2) (a) of CHALR-2004 -- Minimum volume of work – Fixation of Norms
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Minimum volume requirements for Custom House Agents set for licence renewal; norms cover document counts, cargo throughput and value or duty thresholds.
Prescribes norms for renewal eligibility of Custom House Agents licences under the CHALR, 2004 by fixing minimum volume of work: applicants must meet either specified annual document counts or cargo throughput and must also meet either a clearance/shipment value threshold or an annual duty-payment threshold; the notice replaces the Commissionerate's earlier public notice.
Dissemination of Information on Debentures
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Debenture disclosure required: issuers, trustees and exchanges must publicly announce defaults, charge failures and rating revisions.
Debenture trustees and issuing companies must publicly disclose debenture-related information by press release and website publication for defaults in interest or redemption, failure to create a charge, and rating revisions; all debenture reports and compliance filings must be posted on issuer and trustee websites and submitted to stock exchanges for dissemination, in addition to existing regulatory and listing-agreement requirements.
Container Movement Control Cell (CMCC) – Partial modification of the procedure for movement of import containers from the port/terminal
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Container sealing rules: intact load port seals avoid additional Customs resealing, with resealed units subject to full examination.
Customs preventive officers need not affix an additional Customs One Time Bottle Seal (OTBS) where the load port OTBS applied by shipping lines is intact and its serial number has been communicated. Where load port OTBS is missing or tampered, Customs will reseal in presence of the custodian or shipping agent, sticker the container for 100% examination at CFS/ICD, record OTBS numbers, and report findings for supervisory orders. Shipping lines must correctly record seal and container details in the IGM and custodians must submit daily delivery schedules to Customs.
Online Help Centres for queries and e-filing
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Help centre assistance for tax and trade queries enables e-mail support and e filing guidance with timely departmental responses.
A Help Centre provides in-person departmental officers for Central Excise, Customs and Service Tax queries and logistic support; it is a compliance assistance facility, not a grievance forum. An e mail enquiry system and dedicated e filing support route queries through the chamber to senior officers at the Commissionerate, with replies to be sent back to the chamber and efforts made to respond within three working days, and updates available on the departmental website.
Nomination of Focal Point Branches of bank for e-payment of Service tax & Central Excise duties
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E-payment focal point branches designated to collect and remit service tax and central excise receipts, with settlement and compliance obligations.
Specified bank branches are designated as Focal Point Branches to collect e-payments of Service Tax and Central Excise for Commissionerates without physical collection, while physical collection arrangements continue. These branches must submit Commissionerate-wise and Major Head-wise scrolls and challans daily to the Pay & Accounts Officer, settle funds with RBI CAS Nagpur via their Link Cell, comply with RBI remittance guidelines, and bear delayed period interest on late remittances.
Procedure for E-Payment of Customs Duties under the Indian Customs EDI system (ICES) Imports
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Electronic payment of customs duties enabled; net-banking payments trigger automatic movement to customs examination queue.
Introduction of an E-Payment facility under the Customs EDI (ICES/ICEGATE) allows registered and unregistered users to select unpaid challans on the Customs E-Payment Gateway, complete payment via designated banks' internet banking, obtain a cyber receipt, return to ICEGATE to finalise the transaction, and rely on electronic payment confirmation transmitted to ICES to move the Bill of Entry automatically to the examination queue without producing physical proof of payment.
Delay in payment of customs duty refunds–Regarding
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Customs duty refund procedure imposes fixed timelines for acknowledgement, scrutiny, adjudication and cheque payment to reduce delays.
Refund applications under section 27 must be immediately acknowledged; initial scrutiny for completeness completed within ten working days with any deficiencies notified. Complete claims are processed on a first-come-first-served basis and decided by a reasoned order addressing unjust enrichment and findings on supporting documents. Where refund is admitted, payment is made by cheque on the authorized bank after due audit and delivered personally or by Registered Post Acknowledgement Due at Government cost.
Extension of due date of filing return in case of assessees in state of Bihar
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Extension of due date for income tax returns in Bihar after floods; filing deadline shifted by CBDT under section 119.
The Central Board of Direct Taxes, invoking its statutory power to extend deadlines under section 119 of the Income Tax Act, 1961, has extended the filing deadline for income-tax returns for assessees in the State of Bihar from 31 July 2007 to 16 August 2007 due to disruption caused by floods.
11/2007 - 30-07-2007 Central Excise
Filing of declaration in terms of Notification NO.36/2001-Central Excise (N. T.) dated 26.6.2001
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SSI exemption declaration required to be filed where manufacturer's turnover exceeded the previous year, per notification.
Manufacturers availing SSI value-based exemption whose turnover exceeded Rs. 90 lakhs during the previous year must file a declaration in the prescribed format with the jurisdictional Central Excise Assistant/Deputy Commissioner; affected manufacturers for 2006-07 are directed to file the declaration immediately and Trade Associations are requested to publicise the requirement.
Guidelines for import of Rough Marble Blocks/Slabs for the year 2007-08
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Floor price requirement for imported rough marble mandates endorsed minimum prices on all import licences for specified categories.
Amendment imposes a mandatory floor price to be endorsed on all import licences for 2007-08, categorising imports as crude or roughly trimmed marble, rough marble blocks, and slabs, and requiring licensing authorities and customs to apply the specified minimum prices for each category on licences.

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Processing of refund applications filed by Canteen Stores Department (CSD).

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Refund entitlement for CSD: invoice-based GST refund procedure and inter-authority payment coordination instituted.
CSD refunds are invoice-based entitlements of fifty per cent of tax on inward supplies made subsequently to unit run canteens or authorized customers and ... Summary

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Acts Income Tax