"December, 1990" Archive

Exemption to specified goods imported for manufacture of jewellery for export by hundred per cent export-oriented undertaking

Notification No. 277/1990-Customs (12/12/1990)

Provided further that in the event of"the Gem and Jewellery units to whom the gold or silver has been supplied, fails to export the jewellery made out of such gold or silver within the time specified in the Export and Import Policy under the respective Scheme, the nominated agencies shall deposit duty on the quantity of the gold or silver...

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Circular No. 587-Income Tax dated 11-12-1990

Circular No. 587-Income Tax (11/12/1990)

Circular : No. 587-Income Tax The question whether the provisions of section 71 of the Income-tax Act, providing for set-off of loss from one head against income from another in an assessment year, take precedence over the provisions of section 72 (carry forward and set-off of business losses) and section 74 ...

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