Budget to be presented on 16th March    FM issues Advisory to CESTAT to ensure that orders are issued by Benches on conclusion of arguments and in complicated matters orders should be issued within 30 days    Madras High Court stays levy of service tax on lawyers    economic growth slows to 6.9 per cent   Sunil Kumar appointed as Chief Secretary of Chattisgarh    Amarchand Mangaldas to open offices in Chennai Ahmedabad & Pune    US closes its embassy in Syria    Sudha Sharma appointed as Member of CBDT    Rupee hits a high of 48.73 against Dollar   Laxman Das is Officiating Chairman of CBDT    Tariff Value for import of gold is 556 & for silver 1067 & for Brass Scrap 4078 & for poppy seeds 2205-Customs Non-Tariff Notification No. 10   Fused Silica is classifiable under Tariff Item 32074000-Customs Circular No.3    Additional Commisssioner of Income Tax HA Siddiqui sentenced to 4 years imprisonment for accepting bribe of Rs 1 Lakh by CBI Court in Delhi    HC upholds levy of service tax on booking of flats-The explanation which was inserted by the Finance Act of   2010 clearly brings within the fold of taxable service a construction  service provided by the builder to a buyer where there is an intended sale  between the parties whether before, during or after construction    Authority for Advance Ruling rules super concentrates shall be classified as products of the chemical industry under heading 3824 90 90 of Customs Tariff      Anti dumping duty imposed on import of Morpholine from China European Union & USA     Anti dumping duty imposed on import of  Geogrid/Geostrips/ Geostraps made of polyester or Glass fiber in all its forms from      Refund of Anti­-Dumping Duty (Paid in Excess of Actual Margin of Dumping) Rules, 2012 notified-Customs Non-Tariff Notification No.5     Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Amendment Rules, 2012-Customs Non-Tariff Notification No.6     Safeguard duty at the rate of 10% ad  valorem notified on import of Phthalic anhydride, falling under tariff item 2917 35 00-Customs SG Notification No.1     Customs duty on import of Gold, Silver, Cut & Polished Diamonds hiked    Customs duty to be charged at the rate of 2 per cent of Tariff Value on gold and 6 per cent of Tariff Value on silver     Tariff Value for import of gold & silver notified-Customs Non-Tariff Notification No.3     Anti-dumping duty on imports ofSilk fabrics 20-100 gms per metre, falling under heading 5007  originating in, or exported from, China-CustomsTariff Notification No. 2     Anti-dumping duty imposed on imports of Nylon Filament Yarn, falling under Chapter 54 ,originating in, or exported from,  China, Chinese Taipei, Malaysia, Thailand and Korea RP-Customs TariffNotification No.3   Anti-dumping duty imposed on import of Phosphoric Acid of allgrades and all concentrations (excluding Agriculture/Fertilizer Grade) ,falling under tariff item 28092010, originating in, or exported from, Israel and Taiwan-Customs Tariff Notification No.4    Anti-dumping duty on imports of Cellophane Transparent Film , falling under Chapter 39 , originating in, or exported from, China-Customs TariffNotification No.5    Anti-dumping duty onimports of Saccharin, falling under Chapters 29, 30, 33 and 38 ,originating in, or exported from, China-Customs Tariff Notification No.7    Special Bench of ITAT rules the appellant is not entitled to set off carry forward business loss against the long term capital gain arising on sale of land used for the purpose business    ITAT rules Long Term and Short Term gains / losses on sale of equity shares under Portfolio Management Scheme is business income  and not Capital Gains   HC rules the opinion of the AO may have been legally erroneous but this cannot be a ground for initiation of re-assessment proceedings      Anti-dumping duty on ‘Caustic Soda’,  originating in, or exported from, Saudi Arabia, Iran, Japan, USA & France-Customs Tariff Notification No.1    Cost Accountants can issue Certificates for the purpose of refund of 4% CVD-Customs Circular No.1     Customs duty on import from ASEAN nations lowered- Customs Tariff Notification No.127     deeper tariff cut on import from Malaysia notified- Customs Tariff Notification No.128   deeper tariff cuts on import from Korea notified- Customs Tariff Notification No.123  deeper tariff cuts on import from Srilanka & Pakistan under SAFTA notified- Customs Tariff Notification No.125      Schedule of Rates for Service Tax Refund to Exporters notified in supersession of Notification No.17/2009-Service Tax Notification No. 52      Customs duty on import of several products from specified countries lowered-Customs Tariff Notification No.113      Anti-dumping duty on ‘Sodium Hydrosulphite (SHS)’, falling under headings 2831 and 2832 , originating in, or exported from, China PR- Customs Tariff Notification No.111     CBEC specifies documents required for Registration of ServiceTax     Customs duty on import of 532 Products from Singapore lowered-many products exempted from duty-Customs Tariff Notification No. 106     Government allows Rebate of excise duty on export of goods to Nepal under ARE-1 Procedure w.e.f. 1st March 2012-Central Excise Non-Tariff Notification No.24

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Form - G

(FORMAT FOR LETTER OF APPROVAL FOR UNIT)

(See rule 19)

OFFICE OF DEVELOPMENT COMMISSIONER,

-------------SPECIAL ECONOMIC ZONE

DEPARTMENT OF COMMERCE, GOVERNMENT OF INDIA

Dated the-----------------------------

Subject: Your proposal for setting up a unit in the Special Economic Zone.

Reference: Your application No. ------ dated--------

Dear Sirs,

With reference to the above mentioned application, Development Commissioner, _______________,

Special Economic Zone is pleased to extend to you all the facilities and entitlements admissible to a unit in a

Special Economic Zone subject to the provisions of the Special Economic Zones Act, 2005 and the rules and

orders made there-under and for the establishment of a unit at__________ in the State of

____________________for undertaking authorized operations, namely, manufacture and rendering services

including trading as under:-

Authorized Operations

1. Items (s) of manufacture

2. Service activities:

This approval is subject to following terms and conditions:

(i) You shall export the goods manufactured/ goods imported/procured for trading and services,

including items of trading, as per provisions of the Special Economic Zones Act, 2005 and Rules

made there-under for a period of five years from the date of commencement of production/service

activities. For this purpose, you shall execute the Bond-cum-Legal Undertaking as prescribed

under the Special Economic Zone Rules, 2006.

(ii) You shall fulfil the pollution control requirements, as may be prescribed by the Pollution Control

authorities.

(iii) You shall achieve positive Net Foreign Exchange (NFE) as prescribed in the Special Economic

Zone Rules, 2006 for the period you operate as a Unit in the Special Economic Zone from the

commencement of production, failing which you shall be liable for penal action under the Foreign

Trade (Development and Regulation) Act, 1992.

(iv) You may import or procure from the Domestic Tariff Area all the items required for your

authorized operations under this approval, except those prohibited under the ITC (HS)

Classifications of Export and Import items.

(v) You may supply/sell goods or services in the Domestic Tariff Area in terms of the provisions of

the Special Economic Zones Act, 2005 and rules and orders made there-under.

(vi) This Letter of Approval is valid for a period of one year from its date of issue. You shall

implement the project and commence production within one year period or within such period as

may be extended.

(vii) Date of commencement of production shall be intimated to the Development Commissioner.

(viii) This Letter of Approval shall be valid for a period of five years from the date of commencement of

production.

(ix) The approval is based on the details furnished by you in your project proposal/application.

(x) You shall abide by the provisions of Special Economic Zones Act, 2005 and the rules and orders

made there-under.

(xi) You have the option to renew the approval or exit in terms of the provisions of the Special

Economic Zones Act, 2005 and the rules and orders made there-under.

(xii) You shall confirm acceptance of the above terms and condition to the Development Commissioner

within forty-five days of issue of this Letter of Approval.

(xiii) If you fail to comply with the conditions stipulated above, this Letter of Approval shall be

cancelled as per the provisions of the Special Economic Zones Act, 2005 and the rules and orders

made there-under.

(xiv) All future correspondence including for amendments/changes in terms and conditions of the Letter

of Approval or for extension of its validity shall be addressed to the Development Commissioner.

Yours faithfully,

Development Commissioner

---------------------SEZ

Copy forwarded to: -

Asstt Commissioner/Deputy Commissioner/Joint Commissioner(Custom)…………… Special Economic Zone

 

 

 

 

 

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