"January, 1998" Archive

Notification No. S.O. 278-Income Tax Dated 28/1/1998

Notification No. S. O. 278-Income Tax (28/01/1998)

Notification No. S.O. 278-Income Tax It is notified for general information that the D. C. M. Housing Finance Ltd., 1st Floor, Kanchenjunga, 18, Barakhamba Road, New Delhi-110 001, 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 assessmen...

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Notification No. 46/98-Service Tax, Dated: 28.01.1998

Notification No. 46/98-Service Tax (28/01/1998)

In exercise of the powers conferred by clause (b) of section 2 of the Central Excise Act, 1944 (1 of 1944) and rule 3 of the Service Tax Rules, 1994 read with clause (4) of Section 65 of the Finance Act, 1994 (32 of 1994), the Central Board of Excise and Customs hereby appoints the Director General (Service Tax) as Central Excise Officer ...

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Duty free import of goods be accredited journalists

Circular No. 6/98-Custom Duty (23/01/1998)

It has been represented to the Board that the goods imported by the accredited journalists through Post are being denied exemption under Sl. No. 200 of the notification No. 11/97 dated 1.3.97 even if they had satisfied the conditions stipulated thereunder on the ground that an accredited journalist could import the goods only while return...

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DEPB Scheme – Imports Facility through TRA at Hyderabad

Circular No. 5/98-Custom Duty (23/01/1998)

Duty Exemption Pass-book Scheme (DEPB) allows import and export only from the port of registration. In other words, both import and export have to be made from the same port. This is also provided in para 6 of Board"s Circular No. 10/ 97-Cus. dated 17.4.97...

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Notification No. 45/98-Service Tax, Dated: 22.01.1998

Notification No. 45/98-Service Tax (22/01/1998)

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 services provided by any advertising agency or courier agency to the United Nations or an international organisation from the whol...

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Notification No. 44/98-Service Tax, Dated: 22.01.1998

Notification No. 44/98-Service Tax (22/01/1998)

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 services provided by any advertising agency or courier agency to the Diplomatic Missions specified in column (2) of the Schedule h...

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Circular No. 374/7/98-CX Dated 21/1/1998

Circular No. 374/7/98-CX (21/01/1998)

Circular No. 374/7/98-CX It has been brought to the notice of the Board that Central Excise Authorities are not allowing MODVAT credit of the entire CVD paid on the car kit imported in CKD/SKD condition assessed to duty as a complete car at the rate of 40% by the Customs Authorities. ...

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Circular No. 373/06/98-CX Dated 20/1/1998

Circular No. 373/06/98-CX (20/01/1998)

Circular No. 373/06/98-CX For the purpose of clarification it is mentioned that the competency to adjudicate a case is case is already defined in Board"s Circular No. 299/15/97-CX dated 27.2.97 as modified by Circular No. 348/44/97-CX dated 13.8.97 and Circular No. 362/78/97-CX dated 9.12.97. In respect of the cases investigated by the ...

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Notification No. S.O. 68(E)-Income Tax Dated 20/1/1998

Notification No. S. O. 68(E)-Income Tax (20/01/1998)

Notification No. S.O. 68(E)-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the 5-year 17 per cent. Secured, Redeemable, Non-Convertible Bonds (Taxable) (L-series) of Rs. 1,000 each for an amount of Rs. 56,35,0...

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Notification No. S.O. 69(E)-Income Tax Dated 20/1/1998

Notification No. S. O. 69(E)-Income Tax (20/01/1998)

Notification No. S.O. 69(E)-Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 7-year 10.5 per cent Secured, Redeemable, Non-Convertible Bonds (Tax-free) (L-series) of Rs. 1,000 each for an amount of Rs...

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