Notification No. 29/2005- Central Excise, dated the 31st May, 2005, has been issued so as to exempt specified goods for the manufacture of rotor blades for wind operated electricity generators from the duty of excise specified under the First Schedule to the Central Excise Tariff Act, 1985, subject to certification by Ministry of Non-Conventional Energy Sources.
Notification No.158/2005 – Income Tax SO. No………It is notified for general information that the enterprise/undertaking, Swarna Tollway Private Limited, Regd. Office, Plot No. 85, Road No. 72, Prashasan Nagar, Jubilee Hills, Hyderabad-500034 for their following projects
Notification No.157/2005 – Income Tax Whereas the annexed Convention between the Government of the Republic of India and the Government of the Republic of Slovenia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, has come into force on the 17th day of February, 2005, the day on which the Instruments of Ratification were exchanged by the representatives of
F.No. 209/30/2003-CX 6 Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Circular No. 814/10/2005-Central Excise of May 2005 Subject: Civil Appeal No.3819/1999 in the case of Commissioner of Central Excise, Allahabad Vs. M/s. Hindustan Safety Glass Works Ltd. against CEGAT Order No.264/99-A. I have been directed to enclose […]
The principal notification No. 6/2002-Central Excise, dated the 1st March, 2002 was published in the Gazette of India vide number G.S.R. 127(E), dated the 1st March, 2002 and was last amended vide notification No. 16/2005- Central Excise, dated the 2nd May, 2005[G.S.R. 258 (E), dated the 2nd May 2005.
An Advance Licence is issued to allow duty free import of inputs, which are physically incorporated in the export product (making normal allowance for wastage). In addition, fuel, oil, energy, catalysts etc. which are consumed/utilised in the course of their use to obtain the export product, may also be allowed under the scheme.
The State-level Value Added Tax (hereinafter referred to as ‘Value Added Tax’ or ‘VAT’) comes into effect from April 1, 2005, in place of the sales tax structure prevalent in various States. The VAT intends to bring harmonisation in the tax structure of various States and rationalise the overall tax burden. The essence of VAT is that it provides credit/set-off for input tax, i.e., tax paid on purchases, against the output tax, i.e., tax payable on sales.
Notification No.156/2005 – Income Tax In exercise of the powers conferred by sub-section (1), read with sub-section (2) of section 111 of the Finance Act, 2005 (18 of 2005), the Central Government hereby makes the following rules for carrying out the provisions of Chapter VII of the said Act relating to banking cash transaction tax, namely
Pending the finalisation of Single Common Document(SCD)for international trade, the Government Departments dealing with exports and imports will honour the permission/license/certificate issued by the other Government departments based on the verification of the export documents Like shipping bill, bank realization certificate, Packing list, bill of lading etc .and will not insist upon fresh submission of these documents.
In cases where the remaining original export obligation period (and not the extended export obligation period) of the EPCG licence is less than two years on the date of application for refixation, and the mandated (original or amended, as the case may be) block-wise export obligation has been fulfilled, the export obligation would be refixed at two times the duty saved on the date of issuance of licence.
