"February, 1996" Archive - Page 3

Circular No. 174/8/96-CX Dated 11/2/1996

Circular No. 174/8/96-CX (11/02/1996)

Circular No. 174/8/96-CX It has been brought to the notice of the Board that the different practices are followed by the Commissionerates regarding verification of refund vouchers & re-concilitation of refunds sanctioned in respect of Central Excise Duties....

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Under Invoicing of Imported 2nd hand

Circular No. 5/96-Custom Duty (02/08/1996)

I am directed to enclose 1 herewith a copy of letter of the Ministry of Non - Conventional Energy Sources regarding import of second hand obsolete Wind Generation Equipment being imported into India. There is a strong possibility of these Wind Turbines being heavily under - valued. You are, therefore, requested to advise all the field for...

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Circular No. 173/7/96-CX Dated 7/2/1996

Circular No. 173/7/96-CX (07/02/1996)

Circular No. 173/7/96-CX Notification No. 22/94-CE dated 1.3.94 as amended by Notification No. 101/94-CE date 4.5.94 and Notification No. 18/95-CE dated 16.3.95 prescribed exemption from payment of duty on cartons, or converted types of paper and paper board. It apperars that view has been taken held in the field that the aforesaid exemp...

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Scope of Notification No. 1/93-Central Excise as amended

Circular No. 172/6/96-CX (06/02/1996)

Circular No. 172/6/96-CX I am directed to say that certain doubts have been raised regarding the scope of notification no. 1/93-CE dated 1.3.93 as amended relating to the option given to a manufacturer to pay excise duty at the normal rate as per para 4 of the said notification. The point raised is whether a manufacturer who is having tw...

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Notification No. S.O.96(E)-Income Tax Dated 5/2/1996

Notification No. S.O.96(E)-Income Tax (05/02/1996)

Notification No. S.O.96(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 per cent. tax-free Konkan Railway Bonds bearing distinctive numbers ...

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Notification No. S.O.97(E)-Income Tax Dated 5/2/1996

Notification No. S.O.97(E)-Income Tax (05/02/1996)

Notification No. S.O.97(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 per cent. tax-free Konkan Railway Bonds of the fourth series bearing distinctive numbers...

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Circular No. 171/5/96-CX Dated 2/2/1996

Circular No. 171/5/96-CX (02/02/1996)

Circular No. 171/5/96-CX In this regard, I am directed to invite your attention to Circular No. 42/88-CX.6 dated 24th May, 1988 (copy enclosed) wherein the procedure for handling of seized documents and records has been prescribed. It is reiterated that whenever any documents/ records are seized, immediate efforts should be made to segre...

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Goods sent Abroad for Repairs etc. – Clarification

Circular No. 4/96-Custom Duty (01/02/1996)

Naval headquarters have represented that often they have to send their equipments out of India for repairs and to - import the same after the repairs and at the time of exports, the customs department insist for production of documents like bill of entry, invoice, etc. relating to their initial imports. Naval headquarters have informed t...

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Notification No. S.O.394-Income Tax Dated 1/2/1996

Notification No. S.O.394-Income Tax (01/02/1996)

Notification No. S.O.394-Income Tax In exercise of the powers conferred by sub-clause (iii) of clause (10) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to the maximum amount of any gratuity payable to its employees, hereby specifies two lakhs and fifty thousand rupees as the limit for all ...

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