"April, 1997" Archive

This notification exempts goods imported against an Advance License from levy of Anti dumping duty

Notification No. 41/1997-Customs (30/04/1997)

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 articles imported into India, against an Advance Licence from whole of the Anti-Dumping duty leviable thereon under section...

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This notification levies Anti dumping duty on Bisphenol-A originating from or in USA

Notification No. 40/1997-Customs (29/04/1997)

Whereas in the matter of import of Bisphenol-A falling under sub-heading No. 2907.23 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and which is of United States of America origin, the designated authority vide its preliminary findings, published in Part I, Section 1 of the Gazette of India, Extraordinary, dated the 25...

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Circular No. 312/28/97- Central Excise, Dated: 22.04.1997

Circular No. 312/28/97- Central Excise (22/04/1997)

Circular No. 312/28/97-CX It has been noticed that quite a lot of unnecessary litigation and avoidable work is created by indiscriminate issue of show cause notices/ less charge demands invoking the proviso to Section 11-A of CESA or to Section 28 of the Customs Atc, etc. even when there is no fraud or misdeclaration, etc., for example, ...

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Circular No. 10/97-Custom Duty Dated 17/4/1997

Circular No. 10/97-Custom Duty (17/04/1997)

A new Duty Entitlement Pass-book Scheme has been introduced in Chapter 7 of the new Export and Import policy for the period 1997-2002. The scheme substitutes Value Based Advance Licensing Scheme as well as Pass-book Scheme of the earlier EXIM policy. A new Notification No. 34/ 97- Cus1 dated 7.4.97 has been issued to give effect to this S...

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Maintenance of Register of Scruting of RT-12 Returns & Revenue Realisations

Circular No. 311/27/97- Central Excise (15/04/1997)

Circular No. 311/27/97-CX Consequent upon introduction of self-assessment procedure, the assessee is required to assess his duty liability and RT- 12 returns. It is desired that notwithstanding the change in the system of assessment, the Register of Assessment and Revenue Realisations (now renamed as Register of Scrutiny of RT-12 Returns...

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This notification exempts goods imported against special Imprest License

Notification No. 36/1997-Customs (11/04/1997)

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 materials required for the manufacture of the final goods when imported into India, from whole of the duty of Customs leviabl...

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Circular No. 9/97-Custom Duty Dated 11/4/1997

Circular No. 9/97-Custom Duty (11/04/1997)

I am directed to refer to this Department's Circular F.No. 462/36/80-Cus. V dated 17.2.83, and to state that in the issue regarding disposal of damaged foodstuff imported under the Indo-Care Agreement and World Food Programme assistance for supplementary Nutrition Programme in India, which are found unfit for human consumption, it has bee...

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EHTP / STP & EOUs – Debonding of Computers – Higher rate of depreciation allowed

Circular No. 8/97-Custom Duty (11/04/1997)

Reference is invited to Board's instruction issued vide letter of even number dated 22.9.1994 whereby the rate of depreciation was prescribed @5% per quarter for first 2 years and 4% per quarter for next 2 year subject to maximum of 70%....

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Notification No. 20/97-Central Excise; Dated: 11.04.1997

Notification No. 20/1997-Central Excise (11/04/1997)

For the purposes of the exemption, dead stock means goods which have not been exported for two years after their manufacture in the hundred per cent export oriented undertaking or the unit in the export processing zone. ...

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This notification exempts goods imported against DEPB scheme

Notification No. 34/1997-Customs (07/04/1997)

Where the importer does not claim exemption from the additional duty of customs leviable under section 3 of the Customs Tariff Act, 1975 (51 of 1975), he shall be deemed not to have availed the exemption from the duty specified in the First Schedule to the said Customs Tariff Act for the purpose of calculation of the said additional duty ...

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Notification No. S.O.1030 Date of Issue: 5/4/1977

Notification No. S.O.1030 (05/04/1977)

It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Medical Research, the prescribed authority for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, subject to the following conditions...

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Madras Industrial Investment Corporation Ltd. Vs. CIT – Supreme Court

Madras Industrial Investment Corporation Ltd Vs Commissioner Of Income Tax,Tamil Nadu I, Madras (Supreme Court of India)

Since the entire liability to pay the discount had been incurred in the accounting year in question, the assessee was entitled to deduct the entire amount of Rs 3,00,000 in that accounting year This conclusion does not appear to be justified looking to the nature of the liability It is true that the liability has been incurred in the acco...

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Notification No. S.O.295(E) – Income Tax Dated 3/4/1997

Notification No.S.O.295(E) - Income Tax (03/04/1997)

Notification No.S.O.295(E) - Income Tax In exercise of the powers conferred by clause (iiia) of the proviso to section 193 of the Income-tax Act, 1961, the Central Government hereby specifies all the securities of the Central Government and State Governments, interest on which is payable to...

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Circular No. 310/26/97- Central Excise, Dated 3/4/1997

Circular No. 310/26/97- Central Excise (03/04/1997)

Circular No. 310/26/97-CX I am directed to say that clarification has been sought regarding procedure to be followed in cases mentioned in the above subject in reference to Board"s Circular No. 257/91/96-CX dated 30.10.96 (F.No. 202/3/95-CX.6)....

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Notification No. 32/1997-Customs, Dated: 01.04.1997

Notification No. 32/1997-Customs (01/04/1997)

that the goods so imported, including resultant products, are re- exported to the supplier of the goods or to any other person which the said supplier may specify within six months from the date of clearance or within such extended period as the [Assistant Commissioner of Customs or Deputy Commissioner of Customs] may allow...

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This notification exempts materials imported against an Advance License issued on or after 1st April, 1997

Notification No. 31/1997-Customs (01/01/1997)

In exercise of the powers conferred by sub-section (1) of section 25 of he Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts materials imported into India, against an Advance Licence issued on or after 1st April, 1997 (hereinafter reerred to as th...

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This notification exempts materials imported against an Advance License with actual user condition

Notification No. 30/1997-Customs (01/04/1997)

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 materials imported into India, against an Advance Licence with Actual User Condition in terms of para 7.4 of the Export & ...

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Notification No. 29/1997-Customs, Dated: 01.04.1997

Notification No. 29/1997-Customs (01/04/1997)

Fabco Systems/Restaurant Management Systems/Management Reporting System/Computerised Hotel Restaurant Management System for efficient Management of Service Requirements of Restaurants, Hotels/ F & B Outlets and Food/Service Operations/Hotel Management consisting of touch screen work stations, local cluster controllers/ parallel ports, au...

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Notification No. 28/1997-Customs, Dated: 01.04.1997

Notification No. 28/1997-Customs (01/04/1997)

Export obligation, in relation to importers other than those rendering services, means export to a place outside India of products manufactured with the use of capital goods imported, assembled or manufactured in terms of this notification, or making of supplies of such products in terms of clauses (a), (b), (d), (f) and (g) of paragraph ...

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