"June, 1996" Archive

Central Excise Classification and excitability of Power Driven Pump Sets for handling water – Regarding

Circular No. 224/58/96-CX (26/06/1996)

Circular No. 224/58/96-CX I am directed to say that Confederation of Indian Industry has pointed about divergence in practice of classification of power driven pump sets for handling water. A.P.D. pump set may be a pump having an inbuilt prime mover designed and built as a complete unit, called a monoblock pump-set, or a pimp and a prime...

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EPCG Scheme- Merchant exporters and supporting manf. to jointly discharge the bond and bank guarantee

Circular No. 36/96- Custom Duty (25/06/1996)

Notification No. 110/95-Customs dated the 5th June, 1995 relating to 15% EPCG Scheme and notification No. 111/95-Customs dated the 5th June, 1995 relating to zero duty E.P.C.G. Scheme have been respectively amended by notifications No. 31/96-Customs and 32/96-Customs both dated 17th June, 1996. Copes of the amending notifications are encl...

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Determination of Assessable value (AV) of Petroleum Products

Circular No. 223/57/96-CX (21/06/1996)

Circular No. 223/57/96-CX I am directed to say that clarifications have been sought regarding com-putation of assessbed value (AV) on petroleum products attracting ad valorem rate. In the budget for 1994-95. excise duty on petroleum products was prescribed on ad valorem basis as against specific rates of duty existing prior to budget. As...

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Circular No. 35/96-Custom Duty Dated 21/6/1996

Circular No. 35/96-Custom Duty (21/06/1996)

Doubts have been raised regarding classification of "embossed holograms" under First Schedule to the Customs Tariff Act 1975 (Customs Tariff), in the context of the Boards Circular No. 141/52/95- CX 4 dated 14.08.95 stating that "photo identity cards and Holograms" are classifiable under sub-heading 4901.90 of the Central Excise Tariff. S...

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Duty Exemption Scheme – Clarifications on Amendment Notification

Circular No. 34/96-Custom Duty (21/06/1996)

Notification No. 22/96- Customs to 30/96- Customs all dated the 15th June, 1996 have been issued to amend notifications under Duty Exemption Scheme to give effect to the changes incorporated in the revised edition of the Exim Policy published on 25th March, 1996. Copies of the notifications are enclosed for ready reference...

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Export of fruits & vegetables – Customs examination simplified

Circular No. 33/96-Custom Duty (17/06/1996)

I am directed to refer to earlier Circular No. 446/42/91-Cus. IV dated 6.8.91 which provides procedure for examination of cargo at different Customs stations...

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Circular No. 32/96-Custom Duty Dated 12/6/1996

Circular No. 32/96-Custom Duty (12/06/1996)

I am directed to say that doubts have been raised regarding applicability of notification No.211/83- Customs dated 23rd July, 1983 to spare parts imported for repair of ocean going vessels, by a ship repair unit, in view of the decision of the CEGAT in the matter of Collector of Customs Bombay vs. Keshari Steels 1994 (71) ELT, 768, Making...

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Notification No. S.O.426(E)-Income Tax Dated 10/6/1996

Notification No. S.O.426(E)-Income Tax (10/06/1996)

Notification No. S.O.426(E)-Income Tax In exercise of the powers conferred by sub-section (4) of section 139A of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendment in the notification of the Government of India, Ministry of Finance, Department of Revenue bearing S. O. No. 379(E), ...

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Circular No. 31/96-Custom Duty Dated 7/6/1996

Circular No. 31/96-Custom Duty (07/06/1996)

Vide Finance act, 1994, Section 61 of the Customs Act, 1962 was amended and the normal warehousing period in respect of capital goods warehoused by 100% EOUs have been fixed for five years which is further extendable. Further the Board had been vested with powers under section 61(2) to specify class of goods in official Gazette in which n...

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Notification No. S.O.411(E)-Income Tax Dated 6/6/1996

Notification No. S.O.411(E)-Income Tax (06/06/1996)

Notification No. S.O.411(E)-Income Tax In the notification of the Government of India, Ministry of Finance, (Department of Revenue) No. S. O. 193(E), dated 14th March, 1996, published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii), dated 14th March, 1996:---- This notification contains Corrigendum to Income-t...

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