"September, 1999" Archive - Page 2

Circular No. 486/52/99-CX Dated 23/9/1999

Circular No. 486/52/99-CX (23/09/1999)

Circular No. 486/52/99-CX I am directed to say that the practical difficulties in the accounting system on the question of Excess/shortages noticed at the stockyards/depots of Integrated Steel Plants have been brought to the notice of the Board. The issue also came up for discussion in a meeting of the Committee on Disputes (CoD) in the ...

Read More

Public Notice No. 31 (RE-99)/1997-2002, Dated: 23.09.1999

Public Notice No. 31 (RE-99)/1997-2002 (23/09/1999)

This Public Notice is issued for continuance of deemed export benefits for supplies made to Maharashtra State Electricity Board for early execution of the second Maharashtra Power Project in the wake of withdrawal of World Bank loan, subject to the terms and conditions mentioned in the foregoing paragraph and in Appendix – 14A of Handbo...

Read More

Policy Circular No. 33 (RE-99), Dated: 23.09.1999

Policy Circular No. 33 (RE-99) (23/09/1999)

In the light of above stated two changes the issue was discussed with Deptt. of Economic Affairs and Deptt. of Revenue and it has been decided to withdraw Policy Circular No. 57 dated 10th December, 1998. Accordingly, Policy Circular No. 57 dated 10th December, 1998 is withdrawn and DGFT Circular No. M-3(2)/AM92/DBK Cell dated 18th March,...

Read More

Notification No. 28(RE-99)/1997-2002, Dated: 23.09.1999

Notification No. 28 (RE-99) 1997-2002 (23/09/1999)

In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act,1992 (No.22 of 1992) read with paragraph 4.11 of the Export and Import Policy,1997-2002, the Central Government hereby, in partial modification of the Notification No. 20(RE-99)/97-2002 dated 9.7.99, makes the following amendment in the ...

Read More

Notification No. 11085/1999 – Income Tax Dated 20/9/1999

Notification No. 11085/1999 - Income Tax (20/09/1999)

Notification No. 11085/1999 - Income Tax In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to seventy-five per cent of average rise in the Consumer Price Index for the financial year commencing on the 1st day of April, 1998 and...

Read More

Notification No. 27(RE-98) 1997-2002, Dated: 16.09.1999

Notification No. 27 (RE-98) 1997-2002 (16/09/1999)

Export of finished goods direct from the job worker’s premises may be permitted provided the job worker’s premises is registered with the Central Excise Department. However, export of such products from the job worker’s premises shall not be allowed through third parties as provided under paragraph 9.11 of the Policy....

Read More

Warehousing- Charging of interest under Section 61 of the Customs Act – clarification regarding

Circular No 62/99-Custom Duty (17/09/1999)

I am directed to invite your attention to Notification No. 30/99- Customs (NT) dated 12.5.99 providing for a graded scale of interest in case the goods warehoused under sub-clause (b) of clause (1) of Section 61 of the Customs Act, 1962 are not removed after the expiry of six months from the date of warehousing...

Read More

Circular No. 485/51/99-CX Dated 15/9/1999

Circular No. 485/51/99-CX (15/09/1999)

Circular No. 485/51/99-CX I am directed to say that a doubt has arisen whether in cases where stenters were closed during the period from 16.12.98 to 27.2.99, duty should be paid first and abatement granted subsequently or abatement can be granted without insisting for payment of the duty first....

Read More

Duty Drawback on Tea – regarding.

Circular No. 61/99-Custom Duty (15/09/1999)

Attention of all concerned is drawn to SS No. 09.021 of the Drawback Table, 1999-2000, wherein drawback @ Rs. 2/- per kg. has been allowed on tea (to the extent of ir digenous proportion). The said rate is incumbent upon the condition of non-availment of Modvat facility...

Read More

SEBI Circular dated September 14, 1999 on Negotiated Deals

SMDRP/POLICY/CIR-32/99 (14/09/1999)

Similarly, negotiated deals in listed corporate debt securities shall not be permitted and all such trades will have to be executed on the price and order matching mechanism of the stock exchanges as in the case of equities....

Read More