Circular No. 567/4/2001-CX As you may be aware, a Commission on Review of Administrative Laws was set up by the Department of Administrative Reforms and Public Grievances under the Chairmanship of Shri P.C. Jain. The Commission submitted its report in September, 1998. The Department of AR & PG has already circulated the copies of the Commission’s report to all the Central Ministries/Departments for taking appropriate necessary action.
Circular No. 566/3/2001-CX The matter has been examined by the Board. It is observed that the unprocessed tyre cord fabrics falling under 59.02 are dipped in latex solution and passed through heating chambers; these dipped fabrics are further coated and calendered with unvulcanised rubber compound. These processed tyre cord fabrics (dipped/calendered) are used in the manufacture of tyres falling under Chapter 40. Such processed tyre cord fabrics were for years being classified under Heading 59.02
Notification No.54(E) – Income Tax Whereas the Agreement between the Government of the Republic of India and the Kingdom of Belgium for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income came into force on the 1st day of October, 1997, after the notification by both the Contracting States to each other of the completion of the procedures required under their
Notification No.20 – Income Tax Whereas the Agreement between the Government of the Republic of India and the Kingdom of Belgium for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income came into force on the 1st day of October, 1997, after the notification by both the Contracting States to each other of the completion of the procedures required under their
A representation has been received from the Apparel Export Promotion Council that certain Customs formations are following a practice of deducting the value of hangers from the f.o.b. value of the hanger packed garments for the purpose of allowing drawback even though the Customs Notification No. 16/2000 dated 1.3.2000 (vide Serial No. 115), exempts hangers imported by bonafide exporters, from both the basic Customs duty and the countervailing duty.
Notification No.53(E) – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961(43 of 1961), the Central Government, hereby specifies tax-free (2009-II series) non-convertible, unsecured and redeemable bonds of rupees seventy five crores each carrying an interest of 8.70 per cent. per annum payable yearly for a period of ten years for an
Notification No.18 – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies tax-free (2009-E Series) non-convertible, unsecured and redeemable bonds of rupees seventy-five crores each carrying an interest of 8.70% per annum payable yearly for a period of ten years for an amount of rupees thirty crores and fifty lakhs only bearing distinctive numbers from 00000001 to 00003050 and forty-four crores and fifty
In so far as ICRISAT notification is concerned (copy enclosed for ready reference), whole Article II has been extended and, therefore, the exemption for official use where claimed subject to same conditions as for United Nation mentioned in section 7(b) will be admissible. Please acknowledge receipt of this Circular. Difficulties faced if any, in the implementation of the instructions may be brought to the notice of the Board.
Circular No. 1 of 2001-Income Tax The provisions of section 80HHC require filing of Auditor’s Report in the prescribed Form No. 10CCAC along with return of income for claiming the deduction under the said section. This Form was revised by the Income-tax (Fifteenth Amendment) Rules, 1992, with effect from 1-4-1992
Notification No.241- Income Tax It is notified for general information that enterprises/industrial undertakings, listed at para. (3) below have 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
