"April, 1998" Archive - Page 2

Notification No. 48/98-Service Tax, Dated: 24.04.1998

Notification No. 48/98-Service Tax 24/04/1998

In exercise of the powers conferred by section 93 of the Finance Act, 1994 (32 of 1994) and in supersession of the notifications of the Government of India in the Ministry of Finance (Department of Revenue), No. 13/97-Service Tax, dated the 14th February, 1997....

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Circular No. 766-Income Tax Dated 24-4-1998

Circular No. 766-Income Tax 24/04/1998

Circular No. 766-Income Tax Attention is invited to Board’s Circular No. 726 dated 18-10-95 (F. No. 133/80/95-TPL) wherein, inter alia, it was stated that the foreign companies and the foreign law and accountancy firms that have no presence in India should send a quarterly statement to the Deputy Secretary, Foreign Tax Division, CBDT re...

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One-time extension in Export Obligation for bonafide default in respect of old Advance Licences

Public Notice No. 7 (RE-98)/1997-2002 24/04/1998

As this is only a one time relaxation which is being allowed, all documentary and other formalities shall be completed by the concerned Regional Licensing Authorities of the DGFT as also by the Customs Authorities on top priority basis so that the cases covered by this Public Notice can be closed within the time prescribed and there is n...

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Acrylic Top and Acrylic Tow are also leviable to antidumping duty

Circular No. 29/98-Customs Duty 23/04/1998

As per notification No. 81/ 97-Cus dated 24.10.97 acrylic fibre falling under heading 55.03 of the first schedule to the Custom Tariff Act, 1975 is leviable to anti-dumping duty...

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Notification No. S. O. 878-Income Tax Dated 22/4/1998

Notification No. S. O. 878-Income Tax 22/04/1998

Notification No. S. O. 878-Income Tax It is notified for general information that M/s. Livewell Home Finance Ltd., 94-S. D. Road, Secunderabad, 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 1998-99 and 1999-2000. ...

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Depreciation Norms for Computers and CG Changed for EOUs

Circular No. 27/98-Customs Duty 21/04/1998

I am directed to refer to Board's F.No.305/52/85-FTT dated the 15th April 1987 wherein the method for calculating the depreciation on 'Capital goods' permitted to be taken outside the units, was prescribed, and the over all limit of depreciation was fixed at 70%. Subsequently Board in their F.No. 314/19/94- FTT Part - VI, dated 11th April...

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India- South Africa – Agreement for Avoidance of double taxation & fiscal evasion

GSR 198(E) 21/04/1988

Notification : No. GSR 198(E) Notification : No. GSR 198(E), dated 21-4-1998. SOUTH AFRICA Agreement for Avoidance of double taxation and fiscal evasion with foreign countries Whereas the annexed agreement between the Government of the Republic of India and the Government of the Republic of South Africa for the avoidance of double tax...

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Size tabs import with hangers allowed

Circular No. 26/98-Customs Duty 20/04/1998

Hangers have been allowed to be imported duty free by bona fide importers under Sl. No.68 of Notification No. 11/97-Cus. It has been brought to the notice of Board that size tabs like M/L/S which are fixed on hangers for easy identification of different sizes/ styles are being imported. Such size tabs are to be exported along with hangers...

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Duty Drawback – Guidelines for Requirement / Acceptance of Certificate of Non-availment of Modvat

Circular No. 25/98-Customs Duty 20/04/1998

In supersession of Circular No. 17/97- Cus dated 4.6.97 issued by the Directorate of Drawback, Deptt. of Revenue, Ministry of Finance, on the above subject, the following guidelines regarding requirement/ acceptance of certificates of non-acailment of Modvat facility for the purposes of processing the drawback claims may be followed in fu...

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Gem & Jewellery EP schemes – Customs Procedure for Import by Nominated Agencies Notified

Circular No. 24/98-Customs Duty 20/04/1998

I am directed to invite You attention to Board's Circular No. 38/96-Cus, dated 9-7-1996, No. 27/97-Cus, dated 8.7.1997 and No. 48/97-Cus, dated 13.10.97 issued from F.No. 305/92/97-FTT regarding procedure to be followed by the Nominated Agencies for supplying duty free gold to exporters under various schemes under the EXIM Policy 1997-200...

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