Difficulties, if any, faced in the implementation of the above instructions, may also be brought to notice of the Board at an early date.
Notification No.S.O.1120(E) – Income Tax In exercise of the powers conferred by clause (a) of sub-section (1) of section 115ACA of the Income-tax Act, 1961 (43 of 1961), the Central Government specifies “the Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993” notified, vide notification of the Government of India, Ministry of Finance, Department of Economic Affairs No. G.S.R. 700(E), dated the 12th November, 1993, as a scheme for the purpose of the said clause in respect of
Circular No. 13 of 2001-Income Tax The Government has proposed to levy a Minimum Alternate Tax (MAT) on companies, which was announced by the Finance Minister in the Budget Speech on 22nd July, 1996. A new section 115JA is being inserted in the Income-tax Act, 1961 for this purpose. The salient features of the proposed MAT are as follows
Circular No. 14-Income Tax Amendments at a glance Rate Structure Amendments to Wealth-tax Act Amendments to Expenditure-tax Act Amendments to National Bank for Agriculture and Rural Development act, 1981 Amendments to National Banking Housing Act, 1987
Circular No.598/35/2001-CX I am directed to say that the Board has decided that all audits by Central Excise Officers shall be conducted under EA-2000 using new Audit Manual, Standard Audit Programme [As contained in Audit Manual as on 1st September, 2001) and Working Papers. The traditional audit using old Audit Manual [1998 Edition] will be phased out. Thus there will be only one type of audit with effect from 1st January, 2002. 2.
The Stock Exchanges are required to submit Monthly Development Reports within seven days from the close of each month as per SEBI circular No. SMD/1688/96 dated April 30, 1996.
In view of the above, it has been decided that CD-Rom drives designed for working in conjunction with an ADP machine and which satisfy note 5 to Chapter 84, would merit classification under 8471.70 as storage units. Pending provisional assessments may be finalised accordingly.
Exports made from the date of this public notice may be accepted towards discharge of export obligation. Customs may allow provisional clearance of export consignment.However, the exports made in anticipation of grant of extension in EO in terms of this public notice shall be entirely on the risk and responsibility of the exporter.
The principal notification 126/94-Central Excise, dated the 2nd September, 1994 was issued on 2nd September, 1994 vide G.S.R. 667(E), dated 2nd Sep, 94 and was last amended by notification number 29/2001-Central Excise, dated the 18th May, 2000, issued vide G.S.R. 378 (E), dated 18th May, 2000
The principal notification No. 137/2000-Customs, dated the 19th October 2000, was issued vide G.S.R. 804(E), dated the 19th October 2000 and was last amended by notification number 56/2001-Cus, dated the 18th May, 2001, issued vide G.S.R 377(E), dated the 18th May, 2001.
