"March, 1997" Archive

Notification No. S.O.1873 – Income Tax Dated 31/3/1997

Notification No.S.O.1873 - Income Tax (31/03/1997)

Notification No.S.O.1873 - Income Tax In exercise of the powers conferred by clause (22B) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies United News of India as a news agency set up in India solely for collection and distribution of news, for the purposes of the said clause for the assess...

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Under – valuation of imported goods – Adjudication of cases

Circular No. 7/97-Custom Duty (31/03/1997)

I am directed to refer your D.O.F. No. ADC / GB-3 / 96-Misc. dated 18.12.96 addressed to Director (Customs) regarding the powers of adjudicating authority in case of under valuation of imported goods. You have referred to Board's circular No. 8/95-Cus., dated 23.1.95 which provide that in case of under valuation of imported goods where th...

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Classification of drinks made from frozen fruit pulp, fruit pulp concentrates and fruit pulp – Clarification regarding

Circular No. 309/25/97-CX (31/03/1997)

Circular No. 309/25/97-CX I am directed to say that a doubt has arisen on the classification of the drinks made from frozen fruit pulps, fruit pulp concentrates and the fruit pulps. The trade has represented that the tariff entry fruit pulp based drinks in heading No. 2202.30 may be revised to read as fruit pulp based drinks, fruit juice...

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Notification No. S.O.252(E) – Income Tax Dated 27/3/1997

Notification No.S.O.252(E) - Income Tax (27/03/1997)

Notification No.S.O.252(E) - Income Tax In exercise of the powers conferred by sub-section (1) of section 54EB of the Income-tax Act 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following assets, referred to as the long-term specified assets, for the purposes of the said section...

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Notification No. S.O.251(E) – Income Tax Dated 27/3/1997

Notification No.S.O.251(E) - Income Tax (27/03/1997)

Notification No.S.O.251(E) - Income Tax In exercise of the powers conferred by sub-section (1) of section 54EA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following bonds and equity shares for the purposes of the said section, namely:...

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Central Excise – Excisability and classification of cable Jointing Kits – Regarding

Circular No. 308/24/97-CX (27/03/1997)

Circular No. 308/24/97-CX I amd directed to say that certain doubts have been expressed as to whether the process of putting together a number of duty paid articles into a container like carton, kit etc. to be marketed as Cable Jointing Kits would amount of manufacture or not. In this process either the duty paid articles are procured en...

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Circular No. 752-Income Tax Dated 26-3-1997

Circular No. 752-Income Tax (26/03/1997)

Circular No. 752-Income Tax Under the provisions of section 80G of the Income-tax Act, 1961, contributions made to the A.P.C.M’s Cyclone Relief Fund have been made fully exempt from tax, and can hence be taken as a deduction from total income....

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Glassware of a kind used for table, kitchen etc. – Regarding

Circular No. 307/23/97-CX (25/03/1997)

Circular No. 307/23/97-CX I am directed to refer to Sr. No. 162 of notification No. 4/97-Central Excise, dated the 1st March, 1997 and Sr. No. 124 of notification No. 5/97-Central Excise, dated the 1st March, 1997 and to say that whereas the former prescribes a rate of duty of 13% ad valorem for glassware produced by semi-automatic proce...

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Availability of Modvat credit on inputs used by job workers in job-working contracts – Regarding

Circular No. 306/22/97-CX (20/03/1997)

Circular No. 306/22/97-CX Instances have come to the notice of the Board where job-workers have availed the credit on inputs used for job-work done by them under the provisions of rule 57F(4) of the Central Excise Rules, 1944....

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Notification No. G.S.R. 155(E), dated 19.03.1997

Notification No. G.S.R. 155(E) (19/03/1997)

(iv) that the company is not in default in the repayment of any deposit or part thereof and any interest thereupon in accordance with terms and conditions of such deposits....

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