Circular No. 456/22/99-CX Representation have been received from the trade regarding difficulties faced in availing of benefit of exemption applicable of goods manufactured at the site of construction for use in construction work at such site vide Notification No. 5/98-CE dated 2.6.98 (S.No.182). It has been stated that the beams / girders or other fabrication work are not presently manufactured at the site due to traffic problems it could cause (especially in case of flyovers at busy road junctions).
The Accounting Standards Committee constituted by SEBI under the Chairmanship of Shri Y. H. Malegam has recommended that the Compliance Officer to be appointed in compliance with the aforesaid circular shall be the Company Secretary of the company.
The issues raised in these representations have become all the more significant in view of the requirement for greenfield software closely held companies to raise money from the public.
Notification No.10926 – Income Tax In exercise of the powers conferred in clause (23G) of section 10 of the Income-tax Act, 1961, the Central Government hereby makes the following corrections to the Notification No. 10826 dated 15th March, 1999 [published at (1999) 152 CTR (St) 220] as subsequently corrected by Corrigendum No. 10881 dated 29th April, 1999 [published at (1999) 153 CTR (St) 26]
For the purpose of verification of the grade of the imported silk, the Custom authorities shall accept the Certificate issued by any of the internationally recognised agencies to be notified in this regard. Where there is no such certificate the Custom authorities shall draw samples from the import consignment as per procedure prescribed by Central Silk Board and testing will be carried out by Central Silk Board as per procedure laid down by International Silk Association.
Representations from Trade Associations and references from the field offices have been received n the Board to extent various facilities under DEPB Scheme to additional Customs Stations
Notification No.S. O. 331(E) – Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax, 1961 (43 of 1961), the Central Government specifies
Notification No.S. O. 1376 – Income Tax In exercise of the powers conferred in clause (23G) of section 10 of the Income-tax Act, 1961, the Central Government hereby makes the following corrections to the Notification No. 10826, dated 15-3-1999 as subsequently corrected by corrigendum No. 10881, dated 29th April, 1999
Notification No.S. O. 328(E) – Income Tax In the notification of the Government of India, in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes No. S.O. 939(E), dated 29th October, 1998, published at page 2 of the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii), dated 29th October, 1998, at page 2, in line 9, for “(Twenty-fifth Amendment)”, read “(Twenty-fourth Amendment)
Notification No.10923 – Income Tax In the notification of the Government of India, in the Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes) number S.O. 939(E), dated the 29th October, 1999 published at (1999) 150 CTR (St) 4] published at page 2 in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii) dated the 29th October, 1999, at page 2, in line 9, for “(Twenty-fifth