Circular No. 191/25/96-CX Doubts have been expressed about the classification of pigtails and patchcords as to whether the products are classifiable under chapter heading 85.44 as optical fibre cables, made up of individually sheathed fibres or under heading 90.01 as optical fibre cables other than those of heading 85.44 or under heading 90.93 as part and accessories for machine, appliances, instruments or apparatus of Chapter 90.
Circular No. 190/24/96-CX The steel pipes and tubes are classifiable under Chapter 73 of the Central Excise Tariff Act, 1985. The steel tubes are cold drawn and in the process, the outer diameters get reduced. After cleaning the the end of the tubes and removing the burs, the same are threaded and steel soket is fixed thereon. These and products are called oxygen lancing pipes.
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
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
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.
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 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
Circular No.739-Income Tax The Board have considered the representations. Since the amended provisions of section 40(b) have been introduced only with effect from the assessment year 1993-94 and these may not have been understood correctly the Board are of the view that liberal approach may be taken for the initial years. It has been decided that for the assessment years 1993-94 to 1996-97 deduction for remuneration to a working partner may be allowed on the basis of the clauses of the type mentioned at 1(i) above.
Income Tax The industrial furnaces and industrial oil burning equipment are not covered by Part IV of the First Schedule to the Finance Act, 1964.
In an order dated October 30, 1995 passed by the Supreme Court in the matter of Smt Yasomati Harsukhlal Lathia vs Saurashtra Kutch Stock Exchange & others Civil Appeal no. 10004/95, the Court has held that Matric is equivalent to 11th standard in Gujarat State, Saurashtra region
