"August, 1995" Archive - Page 2

Circular No. 719-Income Tax Dated 22-8-1995

Circular No. 719-Income Tax (22/08/1995)

Circular No. 719-Income Tax Under section 204(1) of the Income-tax Act, 1961, where salary is paid by a company, the person responsible for deducting tax at source under section 192 is the company itself, including the principal officer thereof. The principal officer is defined under section 2(35) of the Act...

Read More

Circular No. 143/54/95-CX Dated 16/8/1995

Circular No. 143/54/95-CX (16/08/1995)

Circular No. 143/54/95-CX It has been represented to the Board that the existing description of the kit at serial number 185 of Heading A of the Schedule under the notification is slightly different from the description of the same kits which appeared at serial number 107 of Heading A of the Schedule under notification No. 208/81-Custom...

Read More

Circular No. 717-Income Tax Dated 14-8-1995

Circular No. 717-Income Tax (14/08/1995)

Circular No. 717-Income Tax 6. The rates for deduction of income-tax at source from "Sal­aries" during the financial year 1995-96 and also for computation of "advance tax" payable during that year in the case of all categories of taxpayers, have been specified in Part III of the First Schedule to the Act. These rates are also applicable...

Read More

AC cars import by Tourism corporations/ Tour Operators – No licence and limit on imports

Circular No. 93/95-Custom Duty (14/08/1995)

I am directed to invite your attention to Customs Notfn. No. 73/94 dated 1.3.1994 as amended vide Notfn. No. 113/95-Cus. dated 7.6.1995 and to say that by amending notification air conditioned cars have been deleted from the parent notification No. 73/94-Cus. dated 1.3.1994. As a consequence, A.C. cars imported by State Tourism Corporatio...

Read More

EOUs/ EPZ Units – NO BG for transfer of imported goods

Circular No. 92/95-Custom Duty (14/08/1995)

It has been brought to the notice of the Board that that contents of circular No. 29/95 dated 20.3.95 issued F.No. 473/ 6/ 95-LC by which relaxation in furnishing Bank Guarantee by the 100% EOU / EPZ units for transfer of imported goods for re-werehousing from...

Read More

Circular No. 142/53/95-CX Dated 14/8/1995

Circular No. 142/53/95-CX (14/08/1995)

Circular No. 142/53/95-CX I am directed to enclose herewith a copy of judgement dated 20.3.95* passed by Hon"ble Supreme Court in CA No. 1315-18 of 1990 filed by CCE, Shillong Vs. M/s. Wood Craft Products Ltd., regarding classification of "Block Board" under the Central Excise Tariff Act, 1985....

Read More

Central Excise-Classification of Photo Identity Cards and Holograms-Regarding

Circular No. 141/52/95-CX (14/08/1995)

Circular No. 141/52/95-CX The production of photo-identity cards involves videography of the person, computerised capture of the videographed image, merging of the image with the data of the person already entered in the computer and the computerised printing out of the merged data and the image through a laser printer. This print out is...

Read More

Drawback on exports made under DEEC Scheme- Guidelines for Payment

Circular No. 91/95-Custom Duty (11/08/1995)

A number of representations have been received from Export Promotion Councils regarding difficulties being faced by them in claiming drawback on export made made Duty Exemption Scheme. It has been pointed out in these representations that some of the ...

Read More

No Common user facility for consolidation of cargo by freight forwarders/ steamer agents

Circular No. 90/95-Custom Duty (11/08/1995)

I am directed to invite your attention to this Department's letter of even number dated the 16th March, 1994(copy enclosed) conveying Board's decision that consolidation facility by Freight For warders/ Steamer Agents may be allowed by the Customs, if it is carried out ...

Read More

Project Imports -Cash security deposit lowered to 2% from 5%

Circular No. 89/95-Custom Duty (09/08/1995)

I am directed to refer Board's letter F.No. 521 / 192/ 90-Cus.(TU) dated 9.1.1992 advising Customs Houses / Collect orates to take cash security equivalent to 5% of C.I.F. value of goods, at the time or registration of Project Contract under Project Import Regulations, 1986, An exception was, however, made in the case of imports by the Go...

Read More