Notification No. 11568/2000-Income Tax In exercise of the powers conferred by clause (23) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Panjim Gymkhana, Goa, for the purpose of the said clause for the assessment years 1996-97 to 1998-99 subject to the following conditions
Recently, a large case of drawback fraud has been detected at Nhava Sheva Port. In this case the exporter had attempted to export old and used garments and carpet cutting left overs, mainly with the intention to claim undue drawback. On investigation, it was found that some garments Mere at such small size as can be used only for dolls and even these were made of old and used sarees. some of the
A large number of exporters and export promotion councils have brought to thenotice of the Board that. there is considerable delay in verification of DEPB scrips at the Custom Houses. This issue has also been brought up repeatedly in all the Open Houses wherein the exporters have expressed their resentment regarding such delay and the require«ent to produce all the necessary documents required
The issue of detection of export frauds has continuously engaged the attention of the Board. Recently, ICD, Tughlakabad has detected large number of cases of which the illustrative ones have been reported to the Board vide Commissioner, ICD, Delhi”s D.0. letter C.No.VIII(ICD)6/TKD/E.Shed/Misc./720/2000/22l46 16th November,2000. On this letter. Chairman, CBEC has observed as under
The SEBI Board had considered the proposal of offering securities in public issues through the stock exchange mechanism and after considering the advantages of the system, approved the proposal.
In the All Industry Rates Drawback Table, the drawback rates for the man-made fabrics falling under Chapters 54, 55 and 58 of the said Table, have been determined by taking into consideration the duty suffered on the inputs, i.e., yarn. dyes, chemicals and packing materials. While formulating these rates, the Central Excise duty payable at the processing stage of the manufacture of these fabrics
I am directed to refer to the subject mentioned above and to say that a reference in this regard has been made to Board stating that Custom authorities are insisting on furnishing of Bank Guarantees for import of goods by importers who have signed a Production Sharing Contract (PSC) with the Government of India, on re-export basis under para 5.7(a) of EXIM Policy. A request has been made
Notification No. 2669-Income Tax In the notification No. 11478, dated 7th September, 2000, issued from the file of even number, in the third line of paragraph 1, the words “Sarbamangala Trust Board, Burdwan”, be substituted by the words “Sri Sri Sarbamangala Trust Board, Burdwan”. All other contents of the notification shall remain unchanged.
Notification No. 1062(E)-Income Tax directs that the Chief Commissioners specified in column (2) of the Schedule hereto annexed, having their headquarters at the places specified in the corresponding entries in column (3) of the said Schedule, shall exercise their powers and perform their functions in respect of such territorial areas or of such persons or classes of persons
Notification No. 11564-Income Tax In the Notification No. 11478 dated 7th September, 2000 [published at (2000) 162 CTR (St) 57] issued from the file of even number, in the third line of paragraph 1, the words “Sarbamangala Trust Board, Burdwan” be substituted by the words “Sri Sri Sarbamangala Trust Board Burdwan.” All other contents of the notification shall remain unchanged.
