Attention is invited to the Board”s Circular Number 128/39/95 dated 25.05.1995 and Circular Number 280/114/96-Cx. dated 19.12.96 wherein it was stated that criteria for treating an item as “Handicraft” as laid down by the Hon”ble Supreme Court in case of CCEx. New Delhi V/s LouisShoppe and Anr.[1996(83) ELT 13(S()] may be kept in view
Notification No.S.O. 420(E) – Income Tax In exercise of the powers conferred by section 295, read with section 44AB of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely
APEDA will ensure that the overall ceiling earmarked for value added sugar in consumer pack upto 2 kgs shall not exceed the limit of 25,000MTs for the Current Licensing year 1999-2000 under any circumstances. As soon as the ceiling is exhausted, APEDA will report this fact to the M/O Commerce , EP(Agri.II ) Section as well as to this office.
It has been decided to release a ceiling of 1 million tons of wheat for export and also to allow export of wheat products without any quantitative ceiling during the Current Licensing year of 1999-2000 and place it at the disposal of APEDA who will allocate the ceiling as per procedure laid down by them.
In exercise of powers conferred by Section 5 of the Foreign Trade ( Development and Regulation) Act, 1992 (No. 22 of 1992) read with Paragraph 1.3 of the Export and Import Policy, 1997-2002 ( incorporating amendments made up to 31.3.1999), the Central Government hereby makes following amendments in the Export and Import Policy, 1997-2002.
