"03 September 1998" Archive

Notification No. S. O. 1785-Income Tax Dated 3/9/1998

Notification No. S. O. 1785-Income Tax (03/09/1998)

Notification No. S. O. 1785-Income Tax In exercise of the powers conferred by clause 23 of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Petroleum Sports Control Board, New Delhi, for the purpose of the said clause for the assessment years 1996-97, 1997-98 and 1998-99 subject to the follow...

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Mere Lapse of litigant not enough to not to condone delay in filing of Appeal

N.Balakrishnan vs. M.Krishnamurthy (Supreme Court of India)

It must be remembered that in every case of delay there can be some lapse on the part of the litigant concerned. That alone is not enough to turn down his plea and to shut the door against him. If the explanation does not smack of mala fides or it is not put forth as part of a dilatory strategy the court must show utmost consideration to ...

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Policy Circular No. 35 (RE-98)/98-99 , Dated: 03.09.1998

Policy Circular No. 35 (RE-98)/98-99 (03/09/1998)

This issue was considered in detail in consultation with Deptt. of Revenue. It was felt that, when the duty paid material is provided by DTA Unit to EOU in terms of Ministry of Finance instructions as stated above, then this duty paid should be refunded back. Accordingly, in respect of such direct exports from EOU based on the duty paid m...

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Circular No. 420/53/98-Central Excise, Dated: 03.09.1998

Circular No. 420/53/98-Central Excise (03/09/1998)

Circular No. 420/53/98-CX The Board has been concerned about the delay in filing of CAs against the adverse CEGAT Orders and with the fact that the Supreme Court has not been condoning such delays and has been dismissing the Revenue appeals without going into the merits of the case. The Board has been emphasising the need for expeditious...

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EOU / EPZ / EHTP/ STP Units – Export through authorised courier agencies allowed

Circular No. 65/98-Customs Duty (03/09/1998)

The Hon'ble Commerce Minister in the Lok Sabha on the 5th August, 1998, had announced certain measures for boosting India's exports. One of the measures announced by the Hon'ble Minister was that the said units may be allowed to export their goods through courier. Keeping in view the above commitment of the Lok Sabha, it has been decided ...

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