State Trading Enterprises permitted to issue No Objection certificates; licence-holders and STEs must comply with quarterly and half yearly reporting. The amendment authorises State Trading Enterprises to issue No Objection Certificates for imports by advance licence holders, subject to reporting: licence holders must file quarterly returns of imports effected against such NOCs to the STE, and STEs must submit half yearly import figures to the concerned administrative department with a copy to the Department of Commerce for monitoring.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
State Trading Enterprises permitted to issue No Objection certificates; licence-holders and STEs must comply with quarterly and half yearly reporting.
The amendment authorises State Trading Enterprises to issue No Objection Certificates for imports by advance licence holders, subject to reporting: licence holders must file quarterly returns of imports effected against such NOCs to the STE, and STEs must submit half yearly import figures to the concerned administrative department with a copy to the Department of Commerce for monitoring.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
