Notification No.S.O.2829 – Income Tax In exercise of the powers conferred by clause (ix) of section 47 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Indira Gandhi National Centre for the Arts, New Delhi, for the purpose of the said sub-clause for the assessment years 1999-2000 to 2000-2001
Circular No. 348/64/97-CX I am directed to say that certain doubts have been raised regarding the proper classification of bulk insecticides, pesticides and other similar chemicals. Some of the associations have pointed out that there is no uniformity in the practice of assessment and in some commissionerates, excise duty is being charted @ 18% whereas in other places, such bulk pesticide chemicals are classified under heading No. 38.08 of the Central Excise Tariff.
I am directed to refer to Board’s Circular No. 133/ 95-Cus. dated 22-12-95 issued from File No. 434/ 54/ 95-Cus.IV on the above subject. The matter has been re-examined in the Board on representation from Ministry of Commerce. It has been decided to rescind para 7 of the Circular. However, to cope up with any emergency pertaining to import and export the Commissioners are authorised to
