"February, 1994" Archive

Circular No. 25/25/94-CX Dated 23/02/1994

Circular No. 25/25/94-CX (23/02/1994)

Cir.No. 25/25/94-CX It has been brought to the Board"s notice that there is no uniformity in the crediting of the collected on account of sale of rejects and 25% of production into Domestic Tariff Area by the EPZ/100% EOUs. This has been examined and it is clarified that such duty is charged under section 3 of the Central Excise & Salt A...

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Circular No. 680-Income tax dated 21-2-1994

Circular No. 680-Income tax (21/02/1994)

Circular No. 680-Income tax Clause (iii ) of the Explanation to section 115J, which was inserted by the Direct Tax Laws (Amendment) Act, 1989 with effect from assessment year 1989-90, provides for a deduction from the book profits attributable to a business, the profits from which are eligible for deduction under section 80HHC or 80HHD...

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Realisation of Revenue on Court”s order-excise duty

F.No. 275/33/92-CX.6.8A (21/02/1994)

It has been observed that in some cases, difficulty was being experienced to execute judgements delivered by various Courts in favour of the Department as banks are not prepared to honour their guarantees and pay up in terms of bank guarantees unless certified copies of the Court"s judgements are made available to them...

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Central Excise-Bright Steel Bars-Eligibility of exemption in terms of provisions of the notification No. 202/88-CE dated- 20.5.88

Circular No. 24/24/94-CX (21/02/1994)

Circular No. 24/24/94-CX Representations have been received that benefit of Notification No. 202/88- CE has been denied to the product commercially known as bright bars. In Rajkot Collectorate a view has been taken that bright bars are covered under the expression "Other bars and rods" referred at note I (m) of Chapter note to Chapter 72...

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Circular No. 23/23/94-CX Dated 16/2/1994

Circular No. 23/23/94-CX (16/02/1994)

Circular No. 23/23/94-CX Kind attention is invited to Board"s Circular F. No. 167/2/94 - CX.4 dated 11.1.1994 (copy enclosed as Annex.I) introducing a new numbering system in respect of Orders issued under Section 37-B and other Circulars/instructions/clarifications. This system is being followed in respect of the numbering of orders, is...

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Submitting summary of progress report on important cases of seizures / prosecutions / recovery-Regarding

Circular No. 22/22/94-CX.6 (15/02/1994)

Circular No. 22/22/94-CX.6 You are requested to furnish the details of recoveries exceeding Rs. 50 lakhs made in Central Excise case and progress of prosecutions launched to the Director General (Anti Evasion), New Delhi by 15th of every month....

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Circular No. 679-Income tax dated 11-2-1994

Circular No. 679-Income tax (11/02/1994)

Circular No. 679-Income tax The Board vide Circular No. 645, dated 15-3-1993 read with Circular No. 650, dated 31-5-1993 had clarified that luxury tax and such other taxes levied by the State Government will form part of the ‘room charges’ for the determination of applicability of the Expenditure Tax Act to any particular hotel...

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Simplification of procedure for payment of excise duty and distribution of liquid gas

Circular No. 21/21/94-CX.6 (11/02/1994)

Circular No. 21/21/94-CX.6 The matter has been examined by the Board. It is observed that Rule 9 and 49 and also Rule 173G of Central Excise Rules, 1944 pre-suppose payment of duty for each consignment by debit to account-current. It has, therefore, been decided that clearances of liquified gas in tanker lorries should not be allowed wit...

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Circular No. 678-Income tax dated 10-2-1994

Circular No. 678-Income tax (10/02/1994)

Circular No. 678-Income tax In the wake of the unfortunate earthquake which caused wide-spread devastation in certain areas of Maharashtra in the month of September, 1993, the Government of India has issued a Press Note informing the general public that all donations made to the Chief Minister’s Earthquake Relief Fund, Maharashtra, wil...

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Procedure for settlement of disputes with Public Sector Undertakings – Regarding

Circular No. 20/20/94-CX (10/02/1994)

Circular No. 20/20/94-CX Reference is invited to Board"s D.O.F. No. 275/68/91-CX.8A (Pt.) dt. 17.10.92 enclosing a copy of O.M. No. 53/3/91-Cab. dt. 31/21/91 issued by the Cabinet Sectt....

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