"February, 2002" Archive

Notification No. 52/2002-Income Tax Dated 28/2/2002

Notification No. 52/2002-Income Tax (28/02/2002)

Notification No. 52-Income Tax In exercise of the powers confered under sub-clause (i) of clause (b) of sub-section(2) of section 295 of the Income-tax Act, 1961 (43 if 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962...

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Circular No. 625/16/2002-CX Dated 28/2/2002

Circular No. 625/16/2002-CX (28/02/2002)

Circular No. 625/16/2002-CX I am directed to say that doubts have been raised regarding the mode of valuation to be adopted in respect of goods notified under section 4A of the Central Excise Act, 1944, which are partly sold with the retail price printed on the packages and partly sold without printing the retail prices on the other pack...

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Circular No. 624/15/2002-CX-8 Dated 28/2/2002

Circular No. 624/15/2002-CX-8 (28/02/2002)

Circular No 624/15/2002-CX-8 I am directed to state that it has been brought to the notice of the Board that a manufacture who had opted to avail exemption from payment of duty based on value of clearance as per the SSI Notifaction (present Notification No. 8/2001- C E, dated 1-3-2001) also availed credit of duty paid on inputs used in t...

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SEBI : Scheme of FII Trading in all Exchange Traded Derivative Contracts

Circular No. FITTC/FII/01/2002 (27/02/2002)

Presently, FIIs have been permitted to trade in exchange traded index futures contracts. It has since been decided to permit FIIs to trade in all exchange traded derivative contracts subject to position limits. ...

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Notification No. 50/2002-Income Tax Dated 26/2/2002

Notification No. 50/2002-Income Tax (26/02/2002)

Notification No. 50-Income Tax It is notified for general information that enterprise, 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 2002-2003, 2003-2004 and 2004-2005....

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Carriage of coastal cargo from one Indian port to another port in foreign going vessels-reg

Circular No. 15/2002-Custom Duty (25/02/2002)

The proposal has been considered by the Board and it has been decided that Indian flag foreign going vessels operating in routes covering more than one Indian port to a port outside India ...

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Notification No. 10/2002-Customs (N.T.), dated: 25.02.2002

Notification No. 10/2002-Customs (N.T.) (25/02/2002)

In exercise of the powers conferred by sub-clause (a) of sub-section (3) of Section 14 of the Customs Act, 1962 (52 of 1962) and in supercession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.8/2002-NT-Customs, [S.O.115(E)] dated the 28th January, 2002 the Central Government hereby det...

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Notification No. 9/2002-Customs (N.T.), dated: 25.02.2002

Notification No. 9/2002-Customs (N.T.) (25/02/2002)

In exercise of the powers conferred by sub-section (2) of section 20 of the Indian Stamp Act 1899 (2 of 1899) and sub-clause (i) of clause (a) of sub-section (3) of Section 14 of Customs Act, 1962 (52 of 1962) and in supercession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.7/2002-NT...

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Circular No. 623/14/2002-CX Dated 25/2/2002

Circular No. 623/14/2002-CX (25/02/2002)

Circular No 623/14/2002-CX The matter has been examined in consultation with Ministry of Law. Their opinion is that the Bombay High Court in its judgment dated 30-7-1991 in the case of Prakash Construction and Engineering Company v. Union of India has already decided the issue that the process of preparation of Asphalt Hot Mix does not a...

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Notification notifies the proper form for Rule 30A of the Central Excise (No.2) Rules, 2001

Notification No. 3/2002-Central Excise (N.T.) (22/02/2002)

In pursuance of rule 30A of the Central Excise (No.2) Rules, 2001, the Board hereby notifies the proper form for the purposes of this rule...

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