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Archive: September, 1998

Posts in September, 1998

Circular No. 770-Income Tax Dated 16-9-1998

September 16, 1998 1375 Views 0 comment Print

Circular No. 770-Income Tax A Bill to further amend the Additional Emoluments (Compulsory Deposit) Act, 1974 was introduced in the Lok Sabha on June 11, 1977 and was passed by the Lok Sabha on June 18, 1977. The Bill sought to replace the Ordinance issued by the Vice President acting as President on May 9, 1977. It provided that (i) compulsory deposit of additional dearness allowance would

Public Notice No. 40(RE-98)/1997-2002: DGFT Amends Export & Import Procedures

September 15, 1998 556 Views 0 comment Print

Public Notice No. 40 amends the Export and Import Policy, detailing provisions for DEPB credits, Advance Licenses, and Software Technology Park imports.

Public Notice No. 39 (RE-98)/1997-2002, Dated: 15.09.1998

September 15, 1998 469 Views 0 comment Print

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.

Deletion of. Sr. No.4 of H.B. Vol.II, 1997-2002

September 15, 1998 289 Views 0 comment Print

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 Dated 15/9/1998

September 15, 1998 465 Views 0 comment Print

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

Notification No. 21 (RE-98)1997-2002, Dated: 15.09.1998

September 15, 1998 478 Views 0 comment Print

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.

DEEC & EPCG Scheme – Manufacturer – Exporters exempted from furnishing Bank Guarantee – Bond form prescribed

September 15, 1998 20293 Views 1 comment Print

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

NIU or Fixed wireless terminal is not eligible to concessional rate of duty under Notif. No.23/ 98-Cus.

September 15, 1998 520 Views 0 comment Print

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.

EOUs / EPZ / EHTP / STP Units- Reliefs in Execution of B-17 Bond

September 15, 1998 5482 Views 0 comment Print

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

Notification No. S. O. 811(E)-Income Tax Dated 14/9/1998

September 14, 1998 543 Views 0 comment Print

Notification No. S. O. 811(E)-Income Tax In exercise of the powers conferred by the Explanation to sub-section (2) of section 246A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby appoints the 1st day of October, 1998, as the appointed day for the purpose of the said section.

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