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Archive: 26 March 1996

Posts in 26 March 1996

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 18, 2024 5877 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 18, 2024 4713 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

Machinery etc. for ammonia unit for captive consumption is entitled to exemption

March 26, 1996 343 Views 0 comment Print

I am directed to say that doubts have been expressed regarding applicability of Notification No. 66/94- Cs. dated 1.3.94 exempting equipment’s/ apparatus etc. imported for renovation or modernisation for a “fertiliser plant” to goods imported for the “ammonia

Passbook Scheme – Declaration on un prescribed form

March 26, 1996 364 Views 0 comment Print

Your Attention invited to Ministry’s Circular No. 62/95-Customs dated 7th June, 1995 and 115/95- Customs dated dated the 8th November, 1995 relating to Pass Book Scheme

Central Excise- Classification of track insulating liners used by the Railways – Regarding

March 26, 1996 532 Views 0 comment Print

Circular No. 189/23/96-CX I am directed to say that doubts have arisen about the classification of track insulating materials of plastics such as insulating liners, insulating end post, insulating plates, glass filled nylon liners, washers etc. manufactured for use by Railways. These products are reportedly used by the Railways for electrical insulation in track circulated section of railway to prevent flow of electric current from one railway track section to another railway track section.

Classification of Animal Feed supplements under Sub-heading No. 23.02 or 29.36 or Chapter 30 – Instructions – regarding

March 26, 1996 6544 Views 0 comment Print

Circular No. 188/22/96-CX It has been brought to the notice of the Board that a large number of products with different compositions are being cleared as “animal feed supplements” / additives/ premixes etc. but are benign classified either under heading 23.02 or heading 29.36 or under Chapter 30 of the Central Excise Tariff in various Commissionerates.

Notification No. S.O.249(E)-Income Tax Dated 26/3/1996

March 26, 1996 1704 Views 0 comment Print

Notification No. S.O.249(E)-Income Tax In exercise of the powers conferred by sub-clause (ii) of clause (10AA) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to the maximum amount receivable by its employees as cash equivalent to leave salary in respect of the period of earned leave at their credit at the time of their retirement whether on superannuation or otherwise

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