Foolish RBI suffers heavy losses by playing blind in forex market-sold dollars at lower rates to contain fall of Rupee-Rupee plunges to record low of 56 against Dollar-Sensex slips below 16000 Points     Justice VS Sirpurkar is Chairman of Competition Appellate Tribunal     AK Pandey appointed as High Commissioner to New Zealand  Facebook shares drop below issue price    FM okays transfer & posting orders of Commissioners of Customs & Excise-A dozen Commissioners posted in NCR in transfer list-Commissioner Gurgaon & Ghaziabad also in the list according to North Block sources   Government tables White Paper on Black Money in Parliament     India's first Interactive Online Course on Service Tax launched-Click on the link-Service Tax Online Certification Course-for full details and registration-Course begins on 22nd May     167 IRS(Customs & Excise) Probationers get postings- A dozen Probationers posted in Delhi Central Excise       Rajya Sabha passes Finance Bill 2012    Petrol & Diesel prices to be hiked    Tariff Value for import of Brass scrap is 4362 & for poppy seeds 3680-for gold 507 per 10 gram & for silver 920 per kg-Customs Non-Tariff Notification No.42      Customs duty exempted on import of 191 Products from Singapore-Customs Tariff Notification No.33    Import of 485 Products from Singapore exempted from Customs duty-Customs Tariff Notification No.34    Import of 496 Products from Singapore exempted from 50 per cent of applied rate of duty-Customs Tariff Notification No.35     Saurabh Chandra gets additional charge of Commerce Secretary    ITAT Member N Vasudevan transferred from Mumbai to Bangalore-J Sudhakar Reddy moves from Mumbai to Delhi-IP Bansal from Delhi to Mumbai-IC Sudhir from Pune to Delhi      CVD on imported electronics lowered due to higher rates of abatement from RSP notified-Abatement from MRP for excise payment on all electronic products prescribed at uniform rate of 35 per cent-Abatement revised for several products-Central Excise Non-Tariff Notification No.26     Suppliers to Mega Power Projects face silly excise demands-Click on the link below for full details    Excise demand of Rs 32 Crore confirmed against Exide for not paying excise on MRP basis on lead acid storage battery     RBI says Exporters required to convert 50 per cent of their foreign exchange holdings into Rupee within 15 days-Exporters will be allowed to buy foreign currency only after utilizing all their foreign currency holdings      Articles of jewellery exempted from excise duty-Specified Railway Goods manufactured by Government exempted from excise -Central Excise Tariff Notification No.23   Excise on specified Petroleum Oils lowered    Eye makeup preparations exempted from excise   The excise exemption hitherto admissible on all Hawai Chappals will now be admissible to only Hawai Chappals of RSP up to Rs 500-Polyester staple fibre or polyester filament yarn, manufactured from plastic scrap or plastic waste including waste polyethylene terephthalate bottles exempted from excise-Excise on Motor chassis for vehicles lowered to 14 per cent excise-Excise on LED Lights of Chapter 85 lowered to 6 per cent-Inks for ball point pens exempted from excise-Central Excise Tariff Notification No.24-Parts of Footwear and hawai chappals of RSP not exceeding Rs. 500 per pair exempted from excise if consumed in factory-Central Excise Tariff Notification No.25-Excise exemption to goods required for initial setting up of solar power generation project or facility-Central Excise Tariff Notification No.26     CENVAT Credit (Fifth Amendment) Rules, 2012-No reversal of credit required for supplies made for setting up of solar power generation projects or facilities-Central Excise Non-Tariff Notification No.25     exemption from wholeof the additional duty leviable shall not apply to Hand held Metal/Mine/Bomb detectors etc.-Customs Tariff Notification No.30    Import of specified goods allowed at concessional rate of duty-Customs Notification No.31      FM defers the applicability of  GAAR provisions by one year- GAAR provisions will now apply to income of Financial Year 2013-14 and subsequent years-The retrospective clarificatory amendments now under consideration of Parliament will not be used to reopen any cases where assessment orders have already been finalized-long term capital gain arising from sale of unlisted securities in case of  non-resident investors, including PE investors lowered to 10 per cent-FM extends  benefit of tax exemption on long term capital gains to  sale of unlisted securities in IPO-lower rate of withholding tax of 5% for funding all businesses-FM withdraws  the provision for levy of TDS on transfer of immovable property-FM raises the threshold limit for TCS on cash purchases of jewellery to Rs.5 lakh-only serious offences under the customs law involving prohibited goods or duty evasion exceeding Rs.50 lakh, shall be cognizable- all these offences shall be bailable-changes in the definition of “service” which will exclude the activities specified in the Constitution as “deemed sale of goods”-The definition of “works contract” also  enlarged to include movable properties- Exemption for specified services relating to agriculture in the Negative List extended to agricultural produce enlarging the scope of the entry    Anti-dumping duty on imports of Partially Oriented Yarn, originating in, or exported from China-Customs Notification No.22        Customs duty on import of 806 Products from Japan lowered       Anti-dumping duty imposed on import of Phosphoric Acid of all grades and all concentrations (excluding Agriculture/FertilizerGrade) , falling under tariff item 28092010, originating in, or exported from,Israel and Taiwan-Customs Tariff Notification No.19     Customs duty on import of composite fertiliser lowered to 1 per cent-Customs Tariff Notification No. 24      
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SEZ INSTRUCTIONS

Instruction No.

Subject

1/2006

Approval for setting up of trading units in Special Economic Zones –Reg.

2/2006

Execution of Bound-cum-Legal Undertaking by SEZ Developers/Units under SEZ Rules, 2006 – Clarification - Reg.

3/2006

Letter of Approval to SEZ units – Authorized operations -Clarifications - Reg.

4/2006

Modification in Instruction No. 1/2006 dated 24th March, 2006 of the Department of Commerce regarding setting up of trading units in the Special Economic Zones - Reg.

5/2006

Setting up of new trading units in the Special Economic Zones– Reg.

6/2006

Implementation of the provisions of the SEZ Act, 2005 & SEZ Rules, 2006

7/2006

Setting up of new trading units in the Special Economic Zones -Reg.

8/2007

Amendment to SEZ Rules, 2006—Units proposing to procure Second Hand Capital Goods –reg.

9/2009

Procedure for Reimbursement of Duty (RoD) in lieu of drawback for supply of goods to SEZ Developers against Indian Rupees-reg.

10/2009

Clarification on Rule 49(4)(b) of SEZ Rules, 2006 – removal of used packing materials – reg.

11/2009

Procurement of used capital goods from DTA by SEZ Units.

12/2009

Clarification on applicability of Narcotics Drug and Psychotropic Substances Act –reg.

13/2009

Clarification on Lease of space on shift basis in IT/ITES SEZ & Disaster Management/Recovery Centre

14/2009

Single Window Mechanism – Instructions thereon.

15/2009

Reimbursement of duty in lieu of drawback for supply of goods to SEZ Developers against Indian Rupees.

16/2009

Validity of Formal Approval – reg.

17/2009

Handing over charge of IT/ITES SEZ to the concerned Director, STPI.

18/2009

Guidelines regarding the transactions related to SEZs consequent upon amendment to Section 3 of the Indian Stamp Act 1899 through Section 57 of the SEZ Act, 2005

19/2009

DEPB claims

20/2009

Default authorized operations

21/2009

Guidelines regarding “Transfer of In-principle or Formal approval issued to a SEZ Developer to its subsidiary or SPV” – Reg.

22/2009

Guidelines regarding “Grant of Extension of Validity of in-principle approvals” – Reg.

23/2009

Guidelines regarding “Proposal for FDIs” – Reg

24/2009

Guidelines for dealing with Requests for change in area of SEZs – Reg. 

25/2009

Guidelines regarding “putting up of a boundary wall” – Reg. 

26/2009

Administrative structure and process of clearing cargo in ports in SEZs 

27/2009

Guidelines regarding “conditions for relaxation of contiguity criteria in respect of SEZs” – Reg. 

28/2009

 

29/2009

Guidelines regarding “land acquisition for SEZs” – Reg 

30/2009

Norms for building infrastructure in the non-processing area of SEZ 

31/2009

Requirement of lease agreement when Developer/Co-Developer and unit are the same – clarification – reg.

32/2009

Clearance of used capital goods into Domestic Tariff Area –regarding

33/2009

Time bound disposal of various categories of applications – reg.

34/2009

Implementation of the Provisions of the SEZ Act, 2005 & SEZ Rules, 2006.

35/2009

Consolidated list of default authorized operations which can be undertaken by the developer/approved co-developer by default from the date of notification – Reg

36/2009

Instructions regarding proposals to be considered by BoA.

37/2009

Clarification on whether import, re-melt, re-make and export of imported finished jewellery is an authorized activity in SEZ.

38/2009

SEZ Online Project

39/2009

Procedure for consideration of operational issues regarding SEZs.

40/2009

Effective implementation of the Hazardous Waste Rules, 2008 -Reference from M/so Environment & Forests regarding.

41/2009

Clarification on calculation of NFE as per Rule 53 of the SEZ Rules, 2006

42/2009

Guidelines for consideration of proposals for authorized operations by the BoA.

43/2009

Procedure for seeking clarification on policy issues relating to SEZ Act and Rules from Department of Commerce

44/2009

Reports to be furnished by DCs for review/monitoring of performance of SEZs

45/2009

Implementation of the Provisions of the SEZ Act and SEZ Rules, 2006

46/2010

Setting up of small scale units in Central Government SEZ – reg.

47/2010

Procurement, Import and Export of Prohibited and Restricted Goods –regarding

48/2010

Employment of washing process in the manufacture of agglomerates etc from imported plastic waste and scrap –reg.

49/2010

Clarifications on FTWZ issues –regarding.

50/2010

Consolidated list of default authorized operations which can be undertaken by the developer/approved co-developer by default from the date of notification – Reg.

51/2010

Declaration of Raw matereial components etc. imported by G& J units in respect of goods to be manufactured by them – Reg.

52/2010

Clarification on broad- banding in IT/ITES Sector SEZ

53/2010

DCs to put up a mechanism in place in all SEZs so that exports and import clearances take place all 7 days in a week.

54/2010

Consolidated list of default authorized operations which can be undertaken by the developer/approved co-developer by default from the date of notification – Regarding.

55/2010

Allowing of authorized employees of IT/ITES units in SEZ to work from Home.

56/2010

Withdrawal of Instruction No. 45-reg.

57/2010

Withdrawn of Instruction No. 34 -regarding.

58/2010

Allowing of authorized employees of IT/ITES units in SEZ to work from Home.

59/2010

Requests for transfer of units from one SEZ to another SEZ

60/2010

Clarification on holding of goods by unit of  FTWZ –regarding.

61/2010

Withdrawal of Instructions No. 36,25,24 & 16 – Reg.

62/2010

 
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