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Archive: November, 1997

Posts in November, 1997

SEBI : EDs/M.Ds. of all Stock Exchanges

November 11, 1997 460 Views 0 comment Print

SHCIL has also offered custodial services to all Stock Exchanges for safe-keeping of the securities at a minimum cost. The Stock Exchanges desirous of taking services of SHCIL may have direct negotiations.

nclusion of Visakhapatnam EPZ in Notification No. 177 /94-Cus. To enable setting up of Jewellery Units in the Zone

November 10, 1997 625 Views 0 comment Print

I am directed to enclose a copy of the Notification No. 83/ 97-Cus dated 27.10.97 and to say that the Visakhapatnam Export Processing Zone (VEPZ) is functioning since 1994-95. It was not included in the Notification No. 177/ 94-Cus. governing Gem & Jewellery in the EPZ / FTZ as there were no jewellery units earlier. Notification No. 83 / 97-Cus dated 27.10.97 amends notification

Notification No. S.O.2667 – Income Tax Dated 9/11/1997

November 9, 1997 456 Views 0 comment Print

Notification No.S.O.2667 – Income Tax It is notified for general information that M/s. Vidarbha Housing Development Finance Co. Limited, Amar Palace, West Central Road, Dhantoli, Nagpur, has 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 1996-97 to 1998-1999

Notification No. S.O.770(E) – Income Tax Dated 7/11/1997

November 7, 1997 558 Views 0 comment Print

Notification No.S.O.770(E) – Income Tax In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to seventy-five per cent. of the average rise in the Consumer Price Index for urban non-manual employees, hereby specifies the Cost Inflation Index as mentioned in column (3) of the Table below for the financial year

Circular No. 758-Income Tax Dated 7-11-1997

November 7, 1997 655 Views 0 comment Print

Circular No. 758-Income Tax Under the provision of section 192 of the Income-tax Act, an employer is required to deduct tax at source from any payments in the nature of salary which includes, inter alia, any arrear payments. The manner of determining the amount of tax to be deducted at source from these payments is set

Procedure for collection of duty on ship stores consumed during coastal run

November 6, 1997 11108 Views 0 comment Print

I am directed to refer Board’s circular F.No. 433/ 1/ 81-CUS.IV dated 22.1.85 on the above subject. In view of representations made by Indian National Shipowner’s Association from time to time and the references made by Commissioners of Customs, the procedure relating to recovery of duty on ship stores Consumed by foreign going vessels during their temporary reversion into coastal run has

Notification No. 43/97-Service Tax, Dated: 05.11.1997

November 5, 1997 853 Views 0 comment Print

In exercise of the powers conferred by section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the taxable service provided by a goods transport operator from the levy of service tax on taxable service rendered by such operator to a customer in relation to carriage of goods by road, where the freight for such carriage is paid or is liable to be paid by any person or his agent, other than.

Circular No. 351/67/97-Central Excise Dated 5/11/1997

November 5, 1997 775 Views 0 comment Print

Circular No. 351/67/97-CX Representations have been received by the Board that in some Commissionerates the credit of additional duty of Customs paid on the capital goods (classified under heading 98.01 of the Customs Tariff), 1986

Notification No. 42/97-Service Tax, Dated: 05.11.1997

November 5, 1997 640 Views 0 comment Print

In exercise of the powers conferred by sub-section (1), read with sub- section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994, namely.

Notification No. 41/97-Service Tax, Dated: 05.11.1997

November 5, 1997 1183 Views 0 comment Print

In exercise of the powers conferred by section 88 of the Finance Act, 1997 (26 of 1997), the Central Government hereby appoints the 16th day of November, 1997, as the date on which the service tax on taxable service specified in sub-clause (m) of clause (41) of section 65 of the Finance Act, 1994 (32 of 1994) shall come into force.

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