Circular No. 344/60/97-CX Representations have been received from the Trade regarding denial of Modvat Credit on Transformer Oil used in the manufacture of transformers on the ground that the said item can not be treated as an input under Rule 57A of Central Excise Rules, 1944.
For the purposes of this notification, the expressions “Gold in any form including liquid gold” and “Silver in any form” shall include medallions and coins, but shall not include jewellery made of gold or silver and foreign currency coins.
Circular No. 757-Income Tax Reference is invited to Circular No. 747, dated 2nd December, 1996 wherein the rates of deduction of income-tax from the payment of income under the head “Salaries” under section 192 of the Income-tax Act, 1961, during the financial year 1996-97, were intimated. The present Circular
Notification No.S.O.2776 – Income Tax It is notified for general information that M/s. Happy Home profin Ltd., Suite A-I, 75, C. P. Ramaswamy Road, Abiramapuram, Chennai-600 018, have been approved by the Central Government as a housing finance company for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1997-98 to 1998-99
Until a few years ago, Haj Pilgrims used to board the vessel from Bombay Port and on their return journey, disembark at Bombay. Due to changed circumstances, now Haj Pilgrims travel by Air only and at present they board the Aircrafts from 6 different major Airports. Ministry of Civil Aviation and Air India have stated that wherever landing facility for wide bodied 747 Jumbo Aircrafts is
I am directed to refer to the various ICDS/ CFSs approved by IMSC / Board to facilitate import / export work from time to time. The staff is being sanctioned by Board to deal with customs work at such places. Staff for all the new ICD is being sanctioned on cost recovery basis. Government of India have approved norms for sanction of Customs Staff for ICD and CFS as under
On the various representations from Export Promotion Councils, the Government has decided to restore the old rates of Drawback in respect of Knitwrars, Garments and Made-ups covered under Serial/ Sub-Serial Nos. 52.03, 60.02, 61.01, 61,02, 62.02, 62.11, 63.61, 63.09 and 63.11 of the Drawback Table 97-98 fixed vide Ministry’s Notification No. 22/ 97-Cus (NT) dated 30.5.97. These old rates of
Government of India have taken a number of important decision, as a part of the Scheme Uperation Instant Cargo, for the expeditious clearance of cargo lying unclaimed/ uncleared in the seaports, Airports and Aircargo within a specified complexes tim
Circular No. 343/59/97-CX I am directed to draw your attention to Board”s Circular NO. 209/43/96-CX (F.No. 209/62/95-CX.6) dated 9.5.96 vide which rebate in respect of duty element suffered on processing of cotton fabrics used for manufacture of made-up articles exported was allowed to be claimed by the exporters of such made-ups. Similar facility facility was extended to exporters of man-made fabrics/ sarees. A doubt has been raised whether after the issue of notification No. 49/96-Cus. (N.T.) dated 22.10.96, the aforesaid Circulars are valid.
It has brought to the notice of the Board by the C & AC that certain 100% EOUs or the Export Houses through which the export were routed have availed of the benefits of Advance Licence Scheme also and thus the same exports were being Counted towards fulfilment of export obligation under both the Schemes viz EOU as well as Advance Licence Scheme
