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64(RE-2010)/2009-14, Dated: 04/08/2011
Policy for issue of import licenses of Rough Marble Blocks for the Financial year 2011-12.
Government of India Sub.: Policy for issue of import licenses of Rough Marble Blocks for the Financial year 2011-12. S.O. (E) In exercise of powers conferred under section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy, 2009-14, the Central Government hereby makes the following amendments in Schedule-I (Imports) to the ITC (HS) Classifications of Export and Import Items: 2. Import Licensing Note No. (2) inserted at the end of Chapter 25, will be amended to read as : “Import of rough marble blocks will be subject to conditions laid down in Notification No. 64 dated 4th August, 2011.” 3. Conditions for import of marble. (A) The following Policy provisions will be applicable for import of Rough Marble Blocks for the financial year 2011-12. This will supersede earlier Policy /Guidelines for issue of import licenses of Rough Marble Blocks. (B) Attention is invited to EXIM Code Nos. 25151100 and 25151210 indicated in Schedule-1 (Imports) of ITC (HS) Classifications of Export and Import Items. As per the provisions contained therein, import of Marble and Travertine - Crude or Roughly trimmed and merely cut, by sawing or otherwise, into blocks of a rectangular (including square) shape is restricted and subject to import licensing procedures. (C) The applications for import license for import of rough marble blocks under the above mentioned EXIM Codes will be considered in the following manner: - I. Eligibility of the units will be decided based on the following three criteria: (a) Units who have installed marble gangsaw machine (except 100% EOUs and units in SEZ) on or prior to 31.3.2011. The marble gangsaw machine shall be in the name of the applicant only. No gangsaw on “Lease Basis” shall be considered for the purpose of allocation of import entitlement. (b) The Units should have been in operation for 5 years on or prior to 31.3.2011.
(c) All eligible units as per (a) above should have cumulative turnover of atleast Rupees Five crores ( Rs 5 Crores) during the 5 years period 2005-06 to 2009-10 irrespective of whether it is from domestic or foreign sources in respect of processed marble slabs/tiles only. II.Floor Price- Licenses for import of crude or roughly trimmed marble blocks or merely cut, by sawing or otherwise into blocks of a rectangular (including square) shape shall be subject to a floor price of US$ 325 per Metric Tonne (MT), which shall be endorsed on all licenses. III. Entitlement: The total import of Rough Marble Blocks under EXIM Code Nos. 25151100 and 25151210 will be subject to a ceiling of 5 lakh MT for the whole of the licensing year, 2011-12. Eligible units will be entitled for an import license on the basis of cumulative turnover ( indigenous or foreign) of atleast Rupees 5 crores of processed marble slabs/tiles only, over the previous five financial years 2005-06 to 2009-10. The quantity so calculated will however be subject to the overall ceiling of 3000 MT for the first gang saw and 1500 MT for every subsequent gang saw. IV. Actual User Condition: License holders shall file monthly returns regarding imports made by them, to the concerned Regional Authority of DGFT. (Anup K. Pujari)
Annexure-1 to Notification No: 64 (RE-2010)/2009-14 Annexure-2 to Notification No:64 (RE-2010)/2009-14 SAMPLE FORMAT FOR SENDING APPLICATION BY E-MAIL TO Annexure -3 to Notification No:64 (RE-2010)/2009-14 Dated ;4th August 2011
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GST i.e.Goods and Service Tax is a unified tax that replaces several indirect taxesleviedby the Central Government and the State Government(s)....
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Read moreGST India Solution is an effort of firm of professionals who welcome implementation of GST. This is an interactiveplatformthat aspires to disseminate right knowledge to professionals, practitioners and public at large. This platform has beenfloatedbya firm of Chartered Accountants relentlessly working in field of direct and indirect taxes since early 1985.
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Our core competence is statutory compliance, advisory, corporate tax planning and appellate matters of direct and indirect taxesandcorporate training sessions on GST.
The senior partner of the firm has to his credit several professional publications viz., Delhi Sales Tax Right to Use Goods Act, Delhi VAT, Maharashtra VAT, West Bengal VAT, Haryana VAT published by Taxmann. Madhya Pradesh VAT and Chhattisgarh VAT were published by Suvidha Law House, Bhopal. He has also addressed seminars on indirect taxes organized by professional bodies like ICAI, IMA, NIFM etc. and has also contributed articles on subjects of pro. . . . .