"January, 1995" Archive

CBEC Classificatory Circulars on Customs – New series introduced

Circular No. 9/95-Custom Duty (31/01/1995)

It has been brought to the notice of the Board that many a times the instructions / clarification issued by the Board are not received by the field formations. A suggestion has been received that in case the instructions/ clarifications are issued under a running ...

Read More

Notification No. S.O.465 – Income Tax Dated 31/1/1995

Notification No.S.O.465 - Income Tax (31/01/1995)

Notification No.S.O.465 - Income Tax In exercise of the powers conferred by clause (viii) of sub-section (1) of section 36 of the Income-tax Act, 1961 (43 of 1961), the Central Government has approved Messrs BOB Housing Finance Ltd., B-38A, Ahimsa Circle, Ashok Marg 'C' Scheme, Jaipur - 302 001, as a company for the purposes of the said ...

Read More

Notification No. S.O.66(E) – Income Tax Dated 30/1/1995

Notification No.S.O.66(E) - Income Tax (30/01/1995)

Notification No.S.O.66(E) - Income Tax In exercise of the powers conferred by clause (iiia) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies, for the purposes of that clause, the difference payable between the redemption value and the bid prize of Zero Coupon Bonds of five y...

Read More

Circular No. 699-Income tax dated 30-1-1995

Circular No. 699-Income tax (30/01/1995)

Circular No. 699-Income tax Queries have been raised as to whether the requirement of deduction of income-tax at source under section 194-I of the Income-tax Act applies in case of payments by way of rent to the Government, statutory authorities referred to in section 10(20A) and local authorities whose income under the head ‘Income fr...

Read More

Circular No. 7/95-Custom Duty Dated 24/1/1995

Circular No. 7/95-Custom Duty (24/01/1995)

I am directed to enclose herewith a compilation of instructions issued by Central Board of Excise & Customs on Duty Drawback Scheme. These instructions, as on 30th October, 1994, have been compiled in the from of a Book for use of field formations as well as the exporting community...

Read More

SEBI : Turnover to reported single side

SMD (N)/JJ/8890/95 (23/01/1995)

This has reference to our letter no. SMD (N)/JJ/4311/94 dated July 20, 1994 regarding submission of report of turnover and delivery figures of your stock exchange....

Read More

Imported goods Adjudication by Collector of goods valued above Rs. 10 Lakhs

Circular No. 8/95-Custom Duty (23/01/1995)

I am directed to invite your attention to Board's letter of even number dated 13.5.1992, wherein it had been clarified that the Additional Collectors of Customs and the Deputy Collectors of Customs shall exercise the same powers of adjudication and that such officers would adjudicate cases involving goods whose value dose not exceed Rs. 1...

Read More

Circular No. 94/5/95-CX Dated 23/1/1995

Circular No. 94/5/95-CX (23/01/1995)

Circular No. 94/5/95-CX Certain doubts have been expressed as to whether manufacture of cast iron powder out of cast iron granules (72.05)/ cast iron turnings & borings (72.04) amounts to manufacture for the purpose of Section 2(f) of the Central Excise & Salt Act, 1944....

Read More

Circular No. 6/95-Custom Dated : 23/01/95

Circular No. 6/95-Custom Duty (23/01/1995)

Circular No. 6/95-Cus. dated Government of India Ministry of Finance Department of Revenue, New Delhi...

Read More

Order U/s. 154 includes amended order & rectified order also

Hind Wire Industries Ltd Vs CIT (Supreme Court of India)

Hind Wire Industries Ltd. V CIT (1995) 212 ITR 639 SC- What falls for consideration in the present case is the interpretation of the expression from the date of the order sought to be amended in sub-section (7) of section 154 as it stood then It is obvious that the word order has not been qualified in any way and it does not necessarily m...

Read More