"September, 1995" Archive

Circular No. 105/95-Custom Duty Dated 29/9/1995

Circular No. 105/95-Custom Duty (29/09/1995)

I am directed to refer to notification no. 117/ 95-Cus. dt. 12.6.95, vide which the ten customs notification (13/ 81, 3/88, 138/91, 140/ 91, 95/93, 96/93, 126/94, 133/94, 177/94 - all customs) relating to EOU /EPZ /STP /EHTP were amended to omit the condition of obtaining the case by case permission of the Board of Approvals before import...

Read More

Central Excise-Classification of printed materials of advertising nature on metal plates-Regarding

Circular No. 150/61/95-CX (29/09/1995)

Circular No. 150/61/95-CX In this regard it has been represented that printed materials of advertising nature on metal plate merits classification under Chapter Heading 49.01 of CETA, 1985 attracting nil rate of duty which includes printed books, newspapers, pictures and other products of the printing industry. It has been further stated...

Read More

Circular No. 724-Income Tax Dated 29-9-1995

Circular No. 724-Income Tax (29/09/1995)

Circular No. 724-Income Tax Reference is invited to Circular No. 690, dated 1st September, 1994 wherein the rates of deduction of income-tax from the payment of income under the head "Salaries" under section 192 of the Income-tax Act, 1961, during the financial year 1994-95, were intimated. The present Circular contains the rates of dedu...

Read More

Notification No. S.O.820(E) – Income Tax Dated 28/9/1995

Notification No.S.O.820(E) - Income Tax (28/09/1995)

Notification No.S.O.820(E) - Income Tax In exercise of the powers conferred by clause (iii) of sub-section (2) of section 194K of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the schemes of the SBI Mutual Fund and GIC Mutual Fund given in the Table below as the schemes having regard to the plan of paymen...

Read More

Radial tyres import as scrap not permitted

Circular No. 104/95-Custom Duty (28/09/1995)

I am directed to say as per Para 27 of the Handbook of Procedure on Import and Export, used rubber tyres and tubes can be imported without a licence provided the rubber tyres is cut in bead wire and used rubber tubes are cut into two pieces. The Automotive Tyres Manufactures Association has alleged that certain consignment of radial tyres...

Read More

Interpretation or rules, etc. – Reference to Board and other commissioners Essential

Circular No. 103/95-Custom Duty (22/09/1995)

It has been observed that references on issues relating to interpretation of law, classification or procedure are being made to the Board without endorsing the copies to other Commissioners. This results in delay in examination of the issue in the Board as the Board has to consult other Commissioners of Customs in this regard. I am theref...

Read More

Issue of notification as per section 54 of the Customs Act, 1962 – Transhipment- regarding

Circular No. 102/95-custom Duty (22/09/1995)

Notification No. 50-Customs (NT) dated 6th September, 1995 has been issued appointing all the Customs ports including Inland Container Depots (ICDs) and Customs Airports notified under section 7 of the Customs Act, 1962 as places for transhipment of imported goods...

Read More

Quantity-based advance Licences – No additional duty on imports for exports of leather and readymade garments

Circular No. 101/95-Custom Duty (21/09/1995)

Your attention is dawn to Notification No. 80/95-Customs and Circular No. 32/95 dated 31st March, 1995 wherein the changes in the Duty Exemption Scheme in terms of the changes announced in the Exim Policy on 31.3.95 were communicated. Representations were received regarding grant of exemption to the additional duty of Customs in respect ...

Read More

Value – based Advance Licences – No additional Duty on imports for exports of leather and readymade garments

Circular No. 100 / 95-Custom Duty (21/09/1995)

Your attention is dawn to Notification No. 79/95-Customs and Circular No. 32/95 dated 31st March, 1995 wherein the changes in the Duty Exemption Scheme in terms of the changes announced in the Exim Policy on 31.3.95 were communicated. Representations were received regarding grant of exemption to the additional duty of Customs in respect ...

Read More

Private Bonded Warehouses -Further Guidelines

Circular No. 99/95-Custom Duty (20/09/1995)

Your attention is drawn to the instructions contained in Board's circular of even number dated 15th June, 1995 (Customs Circular No. 68/95). Certain doubts have been expressed in some quarters regarding methodology to be followed for licensing of private bonded warehouses. Accordingly, further guidelines for grant of such licences are iss...

Read More

Featured Posts