"September, 1996" Archive

Credit under Passbook Scheme

Circular No. 48/96-Custom Duty (25/09/1996)

Attention is invited to Ministry's telex dated 16th August, 1996 issued from F.No. 605/261/96-DBK whereby it was clarified that credit under the Pass Book Scheme in terms of Notification No. 104/95- Customs as amended by notification No. 155/95-Customs shall be ...

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Export Cargo Transportation by Private Airlines Permitted

Circular No. 47/96-Custom Duty (16/09/1996)

I am directed to refer to Board's F.No. 450/30/94- Cus. IV dated 3rd June 1994 by which transhipment of import cargo from International Air ports such as Bombay to domestic customs airports by Air Taxi Operators was allowed. The transport of export cargo from Inland airports to Gateway international airports is presently being handled by ...

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SEBI : SMD/KR/4119/96

SMD/KR/4119/96 (13/09/1996)

directed to call for the details of Governing Board/Council meetings attended by the existing/old Public Representatives Director on your Exchange. You are requested to send us the information in the following format. ...

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Circular No. 245/79/96-CX Dated 12/9/1996

Circular No. 245/79/96-CX (12/09/1996)

Circular No. 245/79/96-CX Issue is drawn ot Para 3 of ALC Circular No. 4/96 dated 14.5.96 and Policy Circular No. 10/96 dated 1.8.96 issued by the Directorate General of Foreign Trade. It is provided, inter alia, that if against export of any resultant product more than one input has been allowed in the alternate under the standard input...

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Amount collected as per direction given in Molasses Control (Amendment) Order, is deductible as revenue expenditure

Commissioner of Income-tax Vs. Salem Co-operative Sugar Mills Ltd (1998) (Madras High Court)

The learned counsel appearing for the assessee submitted that the amount collected as per the direction given in the Molasses Control (Amendment) Order, is also entitled to be deducted as revenue expenditure, while computing the total income of the assessee. In order to support this contention, the learned counsel appearing for the assess...

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98th Report of the PAC (1994-95) 10th Lok Sabha Action Taken- Regarding

Circular No. 244/78/96-CX (04/09/1996)

Circular No. 244/78/96-CX The Public Accounts Committee in its Report (1994-95) 10th Lok Sabha has observed a huge pendency in the area of verification or refund claims, non verification of PLAs and non-reconciliation of receipts by Chief Accounts offices etc....

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Circular No. 243/77/96-CX Dated 3/9/1996

Circular No. 243/77/96-CX (03/09/1996)

Circular No. 243/77/96-CX The proposals made in the budget have been modified in certain respects. Notification Nos. 26/96-CE, 27/96-CE, 29/96-CE (N.T.) to 31/96-CE (N.T.) all dated the 3rd September, 1996 have been issued in this regard. These notification come into force on 4.9.1996....

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Circular No. 242/76/96-CX Dated 3/9/1996

Circular No. 242/76/96-CX (03/09/1996)

Circular No. 242/76/96-CX I am directed to say that certain doubts have been expressed as to whether freezers and freezing equipments are covered by the term "other refrigerating appliances and machinery" and whether the effective rate of duty prescribed under Notification No. 53/ 93-CE dated 28.2.1993, 46/94-CE dated 1.3.1994 and 56/95-...

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Notification No. 30/95-Central Excise Dated 16-3-95- Clarification regarding

Circular No. 241/75/96-CX (03/09/1996)

Circular No. 241/75/96-CX I am directed to say that a doubt has been raised on the interpretation of Notification No. 30/95-CE dated 16.3.95 (S.No. 1) regarding exemption to certain narrow woven fabrics falling within Ch. 58 from Central Excise duty and/ or additional duty of customs...

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This notification exempts the goods imported by Ford foundation

Notification No. 66/1996-Customs (02/09/1996)

Exemption to imports by Ford Foundation. In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts all the goods including automobiles, imported into India by the Ford Foundation fo...

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