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Archive: 2000

Posts in 2000

SEBI : President/Executive Directors/Managing Directors All Stock Exchanges

August 11, 2000 457 Views 0 comment Print

In terms of our circular SMDRP/POLICY/CIR35/2000 dated August 04, 2000, it was provided that the provisions of this circular shall be applicable to issues for which draft offer documents have been filed with SEBI on or after June 15, 2000.

Notification seeks to extend inter-warehousing movement of petroleum products and lubricants to and from Vedvayaspuri Partapur, District Meerut, (U.P.)

August 11, 2000 382 Views 0 comment Print

G.S.R. 660(E) In pursuance of sub-rule (2) of rule 49 and rule 139 of the Central Excise Rules, 1944, the Central Government hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue and Insurance), No. 266/67-Central Excise

Eligibility of concessional duty under notification No. 25/99-Cus. dated 28.2.99 to BOPP and Hazy film as `plain film’

August 11, 2000 1009 Views 0 comment Print

I am directed to refer to the subject mentioned above and to say that a representation has been received in Board”s office Electronic Components Industries Association (ELCINA) regarding denial of the benefit of notification to BOPP film and Hazy film used in the manufacture of the capacitors

This notification amends the Baggage Rules for persons coming from Pakistan, Nepal and Bhutan

August 9, 2000 520 Views 0 comment Print

In exercise of the powers conferred by sub-section (2) of section 79 of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes the following amendment in the Baggage Rules, 1998, namely:- 1 Short title and commencement: (1) These rules may be called the Baggage (Amendment) Rules, 2000. (2) They shall come into force on the date of their publication in the Official Gazette.

This notification amends Notification No. 12/97- Customs (N.T.), dated the 2nd April, 1997

August 9, 2000 577 Views 0 comment Print

In exercise of the powers conferred by clause (aa) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance

Hire purchase transaction liable to imposition of Sales Tax- SC

August 9, 2000 3902 Views 0 comment Print

Sale price means the amount payable to a dealer as consideration for transfer of goods on hire purchase. The word sale occurring in Sec. 2(h) must have the meaning ascribed to it as in Section 2(g) when the word sale includes transfer of goods on hire purchase, then whatever is the amount which is paid/payable to the dealer on such a transfer would be included within the meaning

Circular No. 794/2000-Income Tax Dated 9/8/2000

August 9, 2000 4339 Views 0 comment Print

Circular No.749 – Income Tax Under the existing provisions of the Income-tax Act, agricultural income is not included in computing the total income as per the provisions of clause 1 of section 10 of the In­come-tax Act. The term ‘agricultural income’ has been defined in sub-section (1A) of section 2 of the Income-tax Act. The provi­sions of clause ( c) of this sub-section, include within the definition of agricultural income

Circular No. 511/7/2000-Central Excise, Dated: 09.08.2000

August 9, 2000 763 Views 0 comment Print

Circular No. 511/7/2000-CX It is directed to invite your attention to Board’s Circular No. 6/89 dated 23rd June, 1989 issued from F.No. 15C/33/86-CX.1 circulating the opinion dated 6th May, 1989 of the then Attorney General of India on the subject mentioned above.+

Bharat Earth Movers vs Commissioner Of Income Tax (Supreme Court)

August 9, 2000 14325 Views 0 comment Print

Law is settled- If a business liability has definitely arisen in the accounting year, the deduction should be allowed although the liability may have to be quantified and discharged at a future date. What should be certain is the incurring of the liability. It should also be capable of being estimated with reasonable certainty though the actual quantification may not be possible

Notification No. 30(RE-2000) 1997-2000, Dated: 07.08.2000

August 8, 2000 631 Views 0 comment Print

Notification No. 30 (RE-2000) extends the export shipment deadline for onions to 31.08.2000 under revised export regulations.

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