I am directed to state that the Central Government has operationalised the SAARC Preferential Trading Arrangement (SAPTA) with effect from 7.12.95 with the issue of notification No. 165/95- Cus, dated 7.12.95 (copy enclosed)
Notification No.S.O.962(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 7-years 10.5 per cent. (Taxfree) NEEPCO Bonds bearing distinctive numbers from B0368001 to B0768000 of Rs. 1,000 each aggregating for an amount of rupees forty crores only issued by the North Eastern
Your attention is invited to Notification No. 149/95-Cus dated the 19th September, 1995 and instruction issued vide circular No. 101/95-Customs dated the 21st September, 1995. Notification No. 149/95-Customs dated the 19th September 1995 which permits import of materials free of both basic duty of Customs and additional duty of Customs imported against Quantity Based Advance
It is also proposed that some further changes in the system of share certification, rectification of bad delivery etc., could be introduced in the stock exchanges on the lines as under :b) It will be mandatory for the introducing member-broker to countersign the seller’s signature.
1. Short title and commencement. – (1) These rules may be called the Customs Tariff (Determination of Origin of Goods under the Agreement on SAARC Preferential Trading Arrangement) Rules, 1995. (2) They shall come into force on the date of their publication in the Official Gazette.
A representation has been received by the Ministry to extend the facility of execution of BG/ Bond to the subsidary of export house/ trading house/ star trading house/ super star trading house as has been made available to them under Circular No. 52/ Customs & 97/ 95 Customs issued from F.No. 605/75/95- DBK
Circular No. 160/71/95-CX In this regard references have been received from the field formations that a large number of units whose turnover for export run into few crores are not following AR-4 procedure for export on the plea that their turnover for home consumption is less than Rs. 30 lakhs. Further, some unscrupulous manufacturers are also clearing their goods without payment of duty under the guise of export clearances.
Circular No. 159/70/95-CX Representations have been received from the Trade regarding the difficulties being faced in mentioning the amount of duty per unit under Sl. No. 1 (h)(ii) and 5 (g)(ii) of the invoice issued under Rule 57G/ 57T wherein a single invoice contains various items having different prices and are liable to duty at the same rate.
I am directed to say that certain instances have been brought to the notice of the Board, wherein show cause notices have been brought to the notice of the Board, wherein show cause notices have been issued to units working under the EOU/ EPZ scheme on matters involving interpretations of provisions and scope of exemption notification, eligibility of duty free imports etc. without
Engineering Products Export (Replenishment of Iron & Steel Intermediates) Scheme was notified by Ministry of Commerce on 1st March, 1995 and the Department of Revenue had issued Notification No. 10/95- Customs dated the 7th March, 1995 to give effect to the said scheme. In view of representations made by the Engineering Products exporters and Iron & Steel producers, the scheme has
