"July, 1998" Archive

EOUs-Software sale through data communication link on certification of valuation

Circular No. 54/98 - Customs Duty (31/07/1998)

I am directed to say that Board's Notification No. 138/91- Cus. and 140/ 91-Cus. initially allowed DTA sale of software only in physical form and sales through data communication/ telecommunication lines was not permitted. These notification have since been amended by the notification No. 33/97-Cus., dated 1.4.97 allowing DTA sale through...

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Notification No. 11 (RE-98)1997-02, Dated: 30/07/1998

Notification No. 11 (RE-98)1997-02 (30/07/1998)

In exercise of the powers conferred by section 5 of the Foreign Trade (Development and Regulation ) Act, 1992 (No. 22 of 1992) read with paragraph 4.1 of Export and Import Policy, 1997-2002 the Central Government hereby makes the following amendment under Chapter 49 of the ITC(HS) Classifications of Export and Import Items 1997-2002, publ...

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Notification No. 10653/1998-Income Tax Dated 30/7/1998

Notification No. 10653/1998-Income Tax (30/07/1998)

Notification No. 10653/1998-Income Tax These rules may be called the Income-tax(Ninth Amendment) Rules,1998. (2) They shall come into force from the 1st day of April,1999. 2.In the Income-tax Rules,1962,- (a) In rule 9A,- (i) in sub-rule(2),for words"one hundred and eighty days",the words "ninety days" shall be substituted. (ii) in sub-r...

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Notification No. 10654/1998-Income Tax Dated 30/7/1998

Notification No. 10654/1998-Income Tax (30/07/1998)

Notification No. 10654/1998-Income Tax In exercise of the powers conferred by section 295 of the Income-tax Act,1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-Tax rules,1962,namely...

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SEBI : Trading by Institutional Investors and settlement of trades in

SMDRP/POLICY CIR.-19/2435/98 (29/07/1998)

It was also decided that the Clearing Houses of the Stock Exchanges and Clearing Corporations should accept dematerialised shares in cases of rectification of company objections....

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Goods detained at International Airports – Procedure for disposal modified

Circular No. 53/98- Customs Duty (29/07/1998)

In Para No. 1.25 the Committee had observed that goods are detained at the International Airports temporarily at the request of the passengers either for payment of duty or for the purpose of re-export or subsequent production of documents. If the passenger does not come up for clearance of goods within the time limit given in the detenti...

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Clarification on Exim Policy/Handbook of procedures related issues

Policy Circular No. 28 (RE-98)/98-99 (28/07/1998)

It is hereby clarified that export of samples of medicines/ pharmaceuticals formulations upto 1% of the FOB value of exports of all medicines/pharmaceuticals formulations taking together made during the preceeding licensing year is the maximum value upto which medicines/ pharmaceuticals formulations can be exported in a licensing year. Wi...

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Bonded Warehouses – Irregularities Detected

Circular No. 52/98- Customs Duty (27/07/1998)

Board desires that suitable instructions may be issued to all field officers to alert against any such irregularities and in particular follow the following procedure...

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This notification imposes anti dumping duty on Vitamin-C originating in or originating from People”s Republic of China and Japan

Notification No. 53/1998-Customs (24/07/1998)

In exercise of the powers conferred by sub-section (1) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rules 18 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, and based upon the final findings of the Designa...

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Policy Circular No. 27 (RE-98)/98-99, Dated: 24.07.1998

Policy Circular No. 27 (RE-98)/98-99 (24/07/1998)

It has been decided to allow export of twenty-five thousand MTs of Hard Milling Wheat to Iraq for oil by M/s. Balmer Lawrie & Co. Ltd., Calcutta, under the United Nations "Oil for Food" programme. The above ceiling of twenty-five thousand MTs of Hard Milling Wheat is placed at the disposal of APEDA for issue of RCAC to M/s. Balmer Lawrie...

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