"November, 1994" Archive

Circular No. 695-Income tax dated 29-11-1994

Circular No. 695-Income tax (29/11/1994)

Circular No. 695-Income tax The Board has had occasion to examine the procedure being followed for authorisation of remittances to non-residents. Under section 195(1) of the Income-tax Act, any person responsible for paying to a non-resident any sum chargeable to tax under the Act excepting interest on securities and income under the hea...

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Notification No. S.O.856(E)-Income Tax Dated 29/11/1994

Notification No. S.O.856(E)-Income Tax (29/11/1994)

Notification No. S.O.856(E)-Income Tax In exercise of the powers conferred by section 295 read with sub-section (3) of section 269UC of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-- This notification contains Amendments to In...

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Export under claim of rebate under Rule 12(1) Procedure-regarding

Circular No. 81/81/94-CX (25/11/1994)

Circular No. 81/81/94-CX The new Central Excise Rule 12(1) has been framed to grant rebate of duty paid on export of duty paid goods. The new rule 12(1) (a) corresponds to the earlier rule 12 of the Central Excise Rules. The fresh Notification No. 41/94 has been issued under the new Rule 12(1)(a) which permits grant of rebate on all exci...

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Notification No. S.O.844(E)-Income Tax Dated 24/11/1994

Notification No. S.O.844(E)-Income Tax (24/11/1994)

Notification No. S.O.844(E)-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government specifies the XIth Series Issue, Seven Years--15.5 per cent. (Taxable) Secured Redeemable Bonds allotted on 26-2-1994 bearing distinctive numbers from ...

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Notification No. S.O.845(E)-Income Tax Dated 24/11/1994

Notification No. S.O.845(E)-Income Tax (24/11/1994)

Notification No. S.O.845(E)-Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 10 Years--10.5 per cent. (payable half-yearly) Tax-free Secured Redeemable Bonds (XI Series Issue) bearing distinctive numb...

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Circular No. 694-Income tax dated 23-11-1994

Circular No. 694-Income tax (23/11/1994)

Circular No. 694-Income tax Section 10A of the Income-tax Act provides for a five-year total tax holiday to industrial undertakings which manufacture or produce any article or thing and are set up in notified Free Trade Zones (FTZs). This provision was introduced by the Finance Act, 1981...

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Circular No. 80/80/94-CX Dated 21/11/1994

Circular No. 80/80/94-CX (21/11/1994)

Circular No. 80/80/94-CX The Public Accounts Committee (1987-88) in their 110th Report (8th Lok Sabha) and in 16th Report (9th Lok Sabha) expressed disappointment over the issue of non-completion of reconciliation of revenue figures in the monthly statements of Range Officers with the figures booked in the accounts of PAOs so as to ensur...

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Central Excise-Classification of Micro Nutrients-clarification regarding

Circular No. 79/79/94-CX (21/11/1994)

Circular No. 79/79/94-CX Attention is invited to the instructions contained in Board"s Circular No. 26/90-CX.3 dated 26.6.90, clarifying that "micro nutrients" would be appropriately classifiable under heading No. 38.08 as "plant growth regulator"....

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Land Customs Stations and Routes for import and export of goods by land or inland water ways

Notification No. 63/94-Customs. (N.T.) (21/11/1994)

In exercise of the powers conferred by clauses (b) and (c) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Government hereby appoints; the places (i) specified in column (3) of the table annexed hereto as Land Customs Station for the clearance of all goods or any class of goods imported or exported by land from or to the ...

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Notification No. 62/94-Cus. (N.T.), dated 21-11-1994

Notification No. 62/94-Customs (N.T.) (21/11/1994)

In exercise of the powers conferred by clause (a) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Government hereby appoints the ports specified in column (3) of the table below, situated in the State or, as the case may be, the Union territory specified in the corresponding entry in column (2) of the said table, to be Cus...

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