Attention is invited to this Ministry’s guidelines circulated under letters F.No. 602 /7/ 70-DBK dated 1.6.1970 and 28th June, 1973 on the above subject
Notification No.S.O. 910(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 shares and debentures as specified securities for the purpose of the said section, namely
Notification No.S.O. 909(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 shares and debentures as specified securities for the purpose of the said section, namely
It has been brought to the notice of the Board that a 100% EOU has cleared cotton yarn manufactured from duty free locally procured cotton yarn and imported Poly Vinyl Acetate, to Domestic Tariff Area, by availing of the exemption notification No. 8/ 97-CE dated 1.3.97. The notification No. 8/97-CE stipulates that benefit would be available to the goods produced or manufactured in a 100%
I am directed to refer to Board’s Circular No. 41/ 97-CUS dated 19.9.97 (F.No. 473/ 31/ 97-LC) on the subject cited above and to inform that the said Circular may be treated as amended as follows
Representations have been received from Exporters for grant of credit under the erstwhile passbook scheme, announced in para 54 of the Exim Policy (1992-97), for certain export consignments for which shipping bills were filed prior to 31.3.97, but where the date of bill of lading or mate receipt falls after 31.3.97. The date of export, as per Handbook of Procedures (Vol.1), related to Exim Policy
Please refer to the clarification No. XXI to the Guidelines for Disclosure and Investor Protection providing for 100% book building process for new issues which was communicated to the stock exchanges vide SEBI Circular No. SMD/POLICY/CIR-33/97 dated December 05, 1997.
Circular No. 367/83/97-CX The Budget of 1994 brought forth ad voleram rate of duty on various mineral oil products which were earlier chargeable to specific rate of duty on the basis of per K.L. at 15 degree centigrade. In light of aforesaid change, Representations have been received from the field formations regarding the problems being faced by them in computation of storage and transit losses with regard to mineral oil products as to whether the same has to be computed at 15 degree centigrade or Natural atmospheric Temperature
Circular No. 366/82/97-CX With the advent of liberalisation, many of the parts and components of machineries and house-hold appliances including items such as televisions, music systems, etc., have been allowed for import without import licence though the equipment itself is not yet allowed for import or is allowable under Special Import Licence. In addition, the import duty on the complete built unit is higher than the import duty on the components.
I am directed to enclose a copy of the Notification No. 86/ 97 dated 24.11.97 and to say that the above Notification has been issued to bring parity of the provisions for the units availing of the exemptions under Notification No. 95/ 93-Cus. & 96/ 93-Cus both dated 2.3.1993 and Notification No. 133/ 94- Cus. dated 2.6.1994
