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Archive: February, 2000

Posts in February, 2000

Circular No. 510/06/2000-Central Excise, Dated: 03.02.2000

February 3, 2000 2587 Views 0 comment Print

Circular No. 510/06/2000-CX It is directed to say that doubts have arisen relating to the determination of the amount of rebate of excise duty in cases where prices of export-goods are doubted in foreign currency and as Valero excise duty is paid after converting the value in equivalent Indian rupee. Another doubt is that once duty is paid, should rebate be reduced and if the rebate is reduce, can the manufacturer be allowed to take reaccredit of the duties paid through debits in RG-23A Part-II or RG-23C Part-II

Notification No. 11224/2000-Income Tax Dated 2/2/2000

February 2, 2000 337 Views 0 comment Print

Notification No. 11224-Income Tax It is notified for general information that the enterprise, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules 1962, for the assessment years 1999-2000, 2000-2001 and 2001-2002.

Public Notice No. 50 (RE-99)/1997-2002, Dated: 02.02.2000

February 2, 2000 304 Views 0 comment Print

In exercise of the 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 amendments/modifications and additions in the Handbook of Procedures, Vol.2, 1997-2002, as amended.

Rainbow Colour Lab & Anr Vs. State Of Madhya Pradesh & Ors -Supreme Court

February 2, 2000 2693 Views 0 comment Print

Common questions involved in these appeals are whether the job rendered by a photographer in taking photographs, developing and printing films would amount to a works contract as contemplated under Article 366(2A)(b) of the Constitution read with Section 2(n) of the M.P.General Sales Tax for the purpose of levy of sales tax on business turnover of the photographers.

Notification No. 11223/2000-Income Tax Dated 2/2/2000

February 2, 2000 325 Views 0 comment Print

Notification No. 11223-Income Tax It is notified for general information that M/s Tourism Finance Corporation of India Limited, New Delhi, has been approved by the Central Government as a Corporation engaged for providing long-term finance for industrial development in the country for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1996-97 to 1999-2000.

SEBI : Guidelines for Participation by Mutual Funds in Trading in Derivative Products

February 1, 2000 622 Views 0 comment Print

The traded derivatives shall be valued at market price in conformity with the stipulations of sub clauses (i) to (v) of clause 1 of the Eighth Schedule to the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996.

Notification No. 11222/2000-Income Tax Dated 1/2/2000

February 1, 2000 385 Views 0 comment Print

Notification No. 11222-Income Tax It is notified for general information that undertaking, listed at para (3) below have been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules 1962, for the assessment years 2000-2001, 2001-2002 and 2002-2003.

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