Circular No. 8/2001-Income Tax The Board’s order under section 119(2)(b), dated 12th October, 1993 and Circular No. 670 dated 26th October, 1993 [F. No. 225/208/93/IT (A-II)] lay down procedure for condonation of delay in belated claims of refunds. These provide that CIT has power to condone delay in case of genuine hardship of refund claims up to Rs. 10,000 and CCIT up to Rs. 1,00,000. The power of condonation
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government being satisfied that it is necessary in the public interest so to do, hereby exempts cut and polished diamonds falling within Chapter 71 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when re-imported into India after certification/ grading by the laboratories / agencies mentioned in condition (iv), in terms of paragraph 8.13(b) of the Export & Import.
All proposals in excess of the above powers are to be sent to the Ministry through Commissioner (Systems). All Heads of Departments are advised to send consolidated proposal for their Commissionerate. The proposal shall indicate clearly that Head of Department has exercised his powers upto Rs. 2 lakhs for award of AMC in the current financial year.
“Handbook of Procedures” means the Handbook of Procedures, Vol.I, 1st April, 1997-31st March, 2002, published vide Public notice of the Government of India in the Ministry of Commerce, No. 1(RE-2001)/1997-2002, dated the 31st March 2001, as amended from time to time.
In exercise of the powers conferred under Pargraph 4.11 of the Export and Import Policy, 1997-2002, (incorporating amendments made upto 31.03.2001) the Director General of Foreign Trade hereby makes the following amendments in the ITC(HS) Classification of Export and Import items (incorporating amendments made upto 31st August,1998) and as amended from time to time.
Circular No.576/13/2001-CX A doubt has been raised as to whether in respect of goods covered under heading 30.03, labeling or re-labeling of containers in order to comply with the provisions of any State or Central Act shall amount to manufacture as per note 5 of Ch. 30 of the Central Excise Tariff Act.
