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A Software Technology Park unit may import free of duty all types of goods, including capital goods required by it for manufacture, production or processing provided they are not prohibited items in the Negative List of imports. The software Technology Parks Complex set up by the Central Government, Public or Private Sector Undertakings or any combination, duly approved by the Inter-Ministerial Standing Committee and Software Technology Parks.
In exercise of the powers conferred under Paragraph 4.11 of the Export & Import Policy, 1997-2002, the Director General of Foreidgn Trade hereby makes the following amendments in Schedule 2 Appendix 1 of the Book Titled, ” ITC(HS) Classification of Export & Import Items 1997-2002.
In exercise of powers conferred under Paragraph 4.11 of the Export and Import Policy, 1997-2002, as amended, the Director General of Foreign Trade hereby makes the following amendment in the Handbook of procedures, Vol.2, 1997-2002.
Notification No. S. O. 1882-Income Tax the assessee will apply its income, or accumulate it for application, in consonance with the provisions of sub-sections (2) and (3) of section 11 as modified by the said clause (23) for such accumulation wholly and exclusively to the objects for which it is established
Machine tools, parts and accessories thereof; automotive components and accessories; bicycle parts and accessories; hand tools, cutting and small tools; castings and forgings (ferrous and non ferrous) all sorts; pumps, electric motors and parts thereof, fastners, all types (ferrous and non-ferrous); bright bars and shafting; scientific and surgical instruments.
In partial modification of Board’s Circular No. 45/96-Cus dated 28.8.1996 vide F.No. 605/75 (A)/ 95-DBK, it has been decided that Manufacturer – Exporters registered with the Central Excise Department shall be exempted from furnishing Bank Guarantee under the DEEC and EPCG Schemes. Under EPCG Scheme the facility shall be available to EPCG Licences issued after 1.4.1995
Your attention is invited to the Sl. No. 171 of Notification No. 23/98- Customs dated 02.6.08 wherein goods specified in List 29 Sl. No. (i) (a), Wireless in local loop system (excluding Terminal equipment) for basic Telecom Service Project, are extended the concessional duty @ 20% basic & NIL additional duty.
I am directed to refer to Board’s Circular No. 14/ 98-Cus. dated the 10th March, 1998 as modified by Circular No. 42/ 98 – Cus dated the 19th June, 1998 on the above subject
