"May, 1995" Archive

This notification exempts specified goods imported against a Pass Book

Notification No. 104/95-Customs (30/05/1995)

Where the importer does not claim exemption from the additional duty of customs leviable under section 3 of the Customs Tariff Act, 1975 (51 of 1975), he shall be deemed not to have availed the exemption from the duty specified in the First Schedule to the said Customs Tariff Act for the purpose of calculation of the said additional duty ...

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Circular No. 57/95-Custom Duty Dated 30/5/1995

Circular No. 57/95-Custom Duty (30/05/1995)

Section 74 and Section 75 of the Customs Act, 1962 have been amended by Finance Act, 1995 and a new section 75A has been introduced. Some of the significant changes are as under...

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Interest on arrears of confirmed demand

Circular No. 58/95-Custom Duty (31/05/1995)

I am directed to invited your attention to the provisions of the Finance Bill, 1995, which sought to introduce a new section 28AA in the Customs Act. 1962 for the purposes of levy of interest on delayed payments of confirmed demands by the assesses, and to say that...

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Circular No. 56/95-Custom Dated 30/5/95

Circular No. 56/95-Custom Duty (30/05/1995)

I am directed to say that the Finance Bill 1995 has received the assent of the President of India on 26.5.1995 and with the coming into force of the Finance Act 1995 Chapter 98 of the Custom Tariff Act, 1975 stands amended such that vide NOTE 4" goods imported through courier service" are excluded from the said Chapter. Accordingly, Impor...

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Circular No. 55/95-Custom Duty Dated 30/5/1995

Circular No. 55/95-Custom Duty (30/05/1995)

The Board has had the occassion to examine the question of assessment of goods imported in unassembled form, particularly in the context of certain recent imports of cars in SKD kits form with the omission of a few parts like the batteries and tyres...

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Recovery of Govt. dues – guidelines issued

Circular No. 54/95-Custom Duty (30/05/1995)

The undersigned is directed to say that in terms of the amended section 142 of the customs Act, 1962, in addition to the existing modes of recovery of govt. dues mentioned therein, a provision has been made to empower custom officers to attach and sell the ...

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Interest on delayed refunds (proposed Section 11BB) – Regarding

Circular No. 130/41/95-Central Excise (30/05/1995)

Circular No. 130/41/95-CX Your attention is invited to the Finance Act, 1995 wherein a new section 11BB under Central Excise & Salt Act, 1944 wherein a new section on delayed refunds. Which the enactment of the Finance Act, the the Department has become liable to pay interest at the prescribed rate in case of various types of refund whic...

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Circular No. 129/40/95-Central Excise, Dated: 29.05.1995

Circular No. 129/40/95-Central Excise (29/05/1995)

Circular No. 129/40/95-CX The new Central Excise rule No. 12(1) (b) has been framed to grant rebate of EC duty paid on raw materials /inputs used in the manufacture of the finished goods exported from India. The new Rule 12(1)(b) thus incorporates in it the erstwhile reels 12 A and 191A of the Central Excise Rules, 1944. A fresh notifica...

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DEEC Scheme – Clearance of bulk commodities may be allowed at any other ports than specified

Circular No. 53/95-Custom Duty (29/05/1995)

Ministry has received a number of representations form Cement Companies importing cola and other bulk commodities under the DEEC Scheme at Ports other than those specified in the Customs Exemption Notifications Nos. 203/92, 204/92, 79/95 and 80/95 ...

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The Customs, Central Excise Duties and Service Tax Drawback (Amendment) Rules, 2006

Notification No. 37/1995-Customs (N.T.) (26/05/1995)

Where any goods are produced or manufactured from imported materials or excisable materials or by using any taxable services as input services, on some of which only the duty or tax chargeable thereon has been paid and not on the rest, or only a part of the duty or tax chargeable has been paid; or the duty or tax paid has been rebated or ...

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Re-export of imported goods (Drawback of Customs duties) Rules, 1995

Notification No. 36/1995-Customs (N.T.) (26/05/1995)

1. Short title, extent and commencement.- (1) These rules may be called Re-export of Imported Goods (Drawback of Customs Duties) Rules, 1995. (2) They extend to the whole of India. (3) They shall come into force on the 26th day of May, 1995....

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Circular No. 128/39/95-Central Excise, Dated: 25.05.1995

Circular No. 128/39/95-Central Excise (25/05/1995)

Circular No. 128/39/95-CX I am directed to refer to Board"s Circular No. 15/88-CX.I (F.NO. 13/7/88-CX.I) dated 25.4.88 wherein it was clarified that Board considers Zari and Zari items as "handicrafts" eligible for exemption under Notification No. 76/86 dated 10.2.86....

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Circular No. 52/95-Custom Duty Dated 25/5/1995

Circular No. 52/95-Custom Duty (25/05/1995)

With the changes effected in the Duty Exemption Scheme and the Export Promotion Capital Goods (EPCG) Scheme in the revised edition of the Exim Policy published on 31st March, 1995 and the revised Handbook of Procedure, Vol. I published on 1st May, 1995, the Bond cum surety/ security under these Schemes is required to be executed by the im...

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Customs Refund Applications regulations – CBEC clarifications

Circular No. 51/95-Custom Duty (24/05/1995)

Please refer to Ministry's Circular No. 12/95-Customs Dated 20th February, 1995 (Board's F. No. 605/14/95-DBK) regarding issue of Telegraphic Release Advices (TRAs) for imports under DEEC Scheme. Representations have been received from Custom Houses ...

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Filing of declaration under Notification 13/92-CE(NT) as amended

Circular No. 127/38/95-Central Excise (22/05/1995)

Circular No. 127/38/95-CX I am directed to invite your attention to Board"s letter F.No. 333/33/93-TRU dated 17.3.94 wherein it was stipulated that SSI units having value of clearances less than Rs. 30 lacs need not file a declaration but can send a plain letter with name and address of manufacturer and description of excisable goods bei...

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Section 54F- Exemption cannot be denied if delay in completion is on account of reasons beyond the control of assessee

Satish Chandra Gupta vs Assessing Officer (ITAT-Delhi)

The facts of this case were, the assessee had purchased a site and could not complete the construction of the house within the prescribed period of three years. However, the house was constructed and completed subsequently. Relief was given on the ground that the delay had occurred on account of reasons beyond the control of the assessee...

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Accountal of raw materials used in the manufacture of cigarettes – Instructions regarding

Circular No. 126/37/95-Central Excise (19/05/1995)

Circular No. 126/37/95-CX I am directed to say that with a view to have proper accountal of the raw materials used in the manufacture of cigarettes; Trade Notices have been issued by different Collectorates prescribing maintenance of accounts in respect of different raw materials used in the manufacture of cigarettes...

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TR Rules – Doubts/disputes about baggage to be referred to Addl. Collector

Circular No. 50/95-Custom Duty (18/05/1995)

The undersigned is directed to say that a number of complaints are being received by the Board from passengers alleging that when they approached the customs authorities for clearance of their unaccompanied baggage containing household and personal effect under T.R. facility, they were harassed and their goods were seized / detained by th...

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Monitoring of EOUs and Debonded / Converted Units working in same premises

Circular No. 38/95-Custom Duty (17/05/1995)

I am directed to say that it has come to the notice of the Board that in the event of partial conversion of a DTA unit to a 100% EOU/ EHTP/ STP unit, etc. and vice versa, after necessary approval from the competent authority, both 100% EOU/ EHTP/ STP etp. units as well as the DTA unit function from the same or adjacent premises...

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EOU/EPZ Units export to Nepal – No export in bond permitted if payment is in Indian Rupees

Circular No. 48/95-Custom Duty (16/05/1995)

I am directed to say that as per the provisions of the notifications issued under Rule 13 and Rule 14 of the Central Excise Rules, 1944, the export of excisable goods to Nepal and Bhutan is permissible under bond without payment of excise duty subject to certain...

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Electronic Goods – Inputs Import Clearance – Notif. No. 203/92-Cus

Circular No. 49/95-Custom Duty DBK (15/05/1995)

Consumer Electronics and TV Manufacturers Association have brought to the Ministry's notice some difficulties being faced by them in clearance of inputs required for manufacture of Electronic goods in terms of proviso to clause (a) of Explanation (iii) of notification ...

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Exemption from excise duty on goods manufactured from duty paid goods – regarding

Circular No. 125/36/95-Central Excise (15/05/1995)

Circular No. 125/36/95-CX I am directed to say that doubts have been raised regarding the interpretation of certain notifications under which exemption from excise duty has been given on certain goods manufactured from duty paid goods....

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Notification No. S.O.438(E) – Income Tax Dated 15/5/1995

Notification No.S.O.438(E) - Income Tax (15/05/1995)

Notification No.S.O.438(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 10.5% Tax-free Bonds (IInd Series Issue) bearing distinctive numbers 250001 to 750000 of rupees one thousand each of the ...

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Notification No. S.O.437(E) – Income Tax Dated 15/5/1995

Notification No.S.O.437(E) - Income Tax (15/05/1995)

Notification No.S.O.437(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 hereby specifies the following Secured Redeemable Non-Convertible Bonds issued by the Mahanagar Telephone Nigam Limited for the purpose of the said ...

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Filing of declaration consequent on abolition of Classification List – Instruction regarding

Circular No. 124/35/95-Central Excise (10/05/1995)

Circular No. 124/35/95-CX I am directed to invite your attention to the provisions of Rule 173B of Central Excise Rules, 1944, as introduced by Notification No. 11/95-CE (NT) dated the 16th March, 1995....

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Circular No. 123/34/95-Central Excise, Dated: 09.05.1995

Circular No. 123/34/95-Central Excise (09/05/1995)

Circular No. 123/34/95-CX Kind attention is invited to Board"s Circular No. 2/93-Cx.3 (F.No. 95/8/92-Cx.3) dated 21.5.1995 wherein it was clarified that Copper Phthalo Cyanine pigment of purity 95% (+ 1% subject to moisture content) and the most of which passes through the sieve also of 100-125 um may be considered to be standardised rea...

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Notification 64/93-CE dated 28.2.93 as amended by Notification 11/94-CE dated 1st March, 1994- Regarding

Circular No. 122/33/95-Central Excise (08/05/1995)

Circular No. 122/33/95-CX Notification 64/93 provides, inter alia, that in a case where saloon car after clearance has been registered for use solely as a Taxi, the manufacturer of the said saloon car shall be entitled to further exemption of duty of 7% subject to the conditions...

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Weight calculation for duty liability

Circular No. 46/95-Custom Duty (04/05/1995)

The undersigned is directed to refer to your letter No. S/ 26-Mis-43 /95 VA, dated 31.3.1995 on the subject mentioned and to say that calculation of weight for the purpose of determining duty liability was discussed in the Conference of Collectors held in December, 1988 in the context of self adhesive tapes. The Conference held that if a ...

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Broad banding Inputs for Export Products

Circular No. 47/95-Custom Duty (03/05/1995)

Attention is invited to ALC Circular No. 4/95, dated 15.3.1995 issued by Shri H.L. Aswal, Deputy Director, DGFT to the effect that the facility of broad banding inputs required for manufacture of export products is available to Electronic, Writing Instruments...

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SEBI : Inter-linking of exchanges through e-mail facility

SMD/JNG/448/95 (03/05/1995)

In order to ensure timely and proper dissemination of price sensitive information, company news and to improve co-ordination between exchanges, so as to bring uniformity in decisions regarding trading restrictions/permissions,...

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Central Excise – Clarification of plastic grills used in air conditioners – Regarding

Circular No. 121/32/95-Central Excise (02/05/1995)

Circular No. 121/32/95 CX Certain doubts have been expressed regarding the appropriate classification of plastic grills used in air conditioners whether classifiable as an article of plastic under chapter 39 or as parts of air conditioner under Chapter 84....

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Circular No. 44/95-Custom Duty Dated 1/5/1995

Circular No. 44/95-Custom Duty (01/05/1995)

I am directed to say that Automobile Association of Upper Indian have informed that Federation of Indian Automobile Association will continue guaranteeing the AIT/FIA Carnet-de-passage, in new format,1 a specimen copy of which is enclosed and to request that ...

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Circular No. 120/31/95-Central Excise, Dated: 01.05.1995

Circular No. 120/31/95-Central Excise (01/05/1995)

Circular No. 120/31/95 CX I am directed to refer to the Point No. 5 of the minutes of the Principal Collector"s Conference held on the 20th / 21st January, 1995 regarding devising of the procedure / amendment of Rule where inputs on account of being defective are returned to the supplier of inputs as the trade has represented that invoic...

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