This amendment was merely for simplifying the procedure for the filing of deemed export claims especially in cases involving a large number of supplies to different project authorities and would be applicable to all such deemed exports effected prior to 01.04.2001 as well.
The Indian government sets prudential norms for Nidhis on revenue recognition and asset classification, impacting mortgage and jewel loans from July 2001
The Central Government, if satisfied that the circumstances have arisen and if found in public interest, after recording the reasons in writing, may relax any of the directions mentioned above either generally or for any specified period, subject to such terms and conditions, as the Central Government may specify, for avoiding any hardship to any Nidhi or a class of Nidhis for proper working of nidhis.
Date of returning the Ballot papers, register required to be maintained by the scrutinizer under rule 5(e) of the Companies (passing of the resolutions by postal ballot) Rules, 2001 and other related papers to the Chairman by the Scrutinizer.
Circular No. 11/2001-Income Tax The Finance Act, 2001 has inserted section 14A in the Income-tax Act, 1961 wherein it was specifically provided that no deduction shall be allowed in respect of expenditure incurred by the assessee in relation to income which does not form part of total income under the Act. The amendment takes effect from 1-4-1962
I am directed to invite your kind attention to Board”s Circular No. 35/2001-Cus, dated 15-6-2001 on the above subject, wherein, it has been stated, inter alia, that Joint review of the export performance of EOUs/ EPZ/SEZ units will help resolve the problems/ difficulties being faced by the units and at the same time,
Notification No.S.O.2057 – Income Tax It is notified for general information that enterprise listed at para. (3) below, has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2001-2002, 2002-2003 and 2003-2004
The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 39/96-Customs, dated the 23rd July, 1996 [ G.S.R. 291 (E), dated the 23rd July, 1996 ] and was last amended by notification No. 33/2001-Customs, dated the 29th March, 2001.
Rate of exchange applicable for the purposes of calculation of such anti-dumping duty shall be the rate, which is specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers conferred under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the said Customs Act and the relevant date for determination of the rate of exchange shall be the date of presentation of the bill of entry under section 46 of the said Customs Act.
DGFT clarifies exemptions on importing textiles exclusively for export production, detailing duty-free provisions under specific policy regulations.
