Notification No. S. O. 2117-Income Tax In exercise of the powers conferred on him by the Central Board of Direct Taxes under sections (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961), and CBDT’s Notification No. 10678, dated 21st August, 1998, and in supersession of all existing orders, the Chief Commissioner of Income-tax, Pune, hereby directs that
It has been reported by Regional Licensing Authorities that during the strike period from 2.7.1998 to 13.7.1998 many of the exporters were unable to submit the applications for DEPB, Special Import License etc. within the time limit prescribed in the policy and as such those applications will become time barred. In accordance with Paragraph 15.17 of the Handbook of Procedures, 1997-2002, (Vol.1), applications received after expiry of prescribed date of receipt, but within six months from the last date.
The exporters of newspapers and periodicals are facing problems and are not able to get SIL even after satisfying the eligibility criteria of Paragraph 11.11 of Handbook of Procedures (Vol.1), because such exporters are granted permission by Reserve Bank of India to export their publications without completing G.R. formalities and / or by post parcel without completing PP form formalities.
