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Archive: 14 September 2001

Posts in 14 September 2001

General Circular No. 15/2001, dated 14/09/2001

September 14, 2001 553 Views 0 comment Print

General Circular No. 15/2001 announces formation of National Advisory Committee on Accounting Standards, per S.O. 841(E) dated 29th August 2001.

Notification No. 31 (RE-2001) 1997-2002, Dated: 14.09.2001

September 14, 2001 226 Views 0 comment Print

The import of vehicles (as classified under Chapter 87 of ITC(HS) Classifications of Export and Import Items, 1997-2002 ) by Foreign Diplomats and Other Privileged Persons in this category, who are exempt from payment of customs duty,shall be exempt from all the conditions of Notification no. 4(RE-2001)/97-02 dated 31.03.2001. However, such imported vehicles cannot be sold in India except to another diplomat or privileged person and are compulsorily required to be re-exported. This exemption shall be applicable on all imports made subsequent to 31.03.2001.

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