"March, 2002" Archive

Storage of duty paid goods belonging to another manufacturer in a warehouse-clarification thereon

Circular No.632/23/2002-Central Excise (31/03/2002)

F.No. 261/27/3/2002- Central Excise-8 Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Circular No.632/23/2002- Central Excise Subject: Storage of duty paid goods belonging to another manufacturer in a warehouse-clarification thereon. I am directed to refer to Board’s Circular No.57...

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Policy Circular No. 1/2002-2007, Dated: 31.03.2002

Policy Circular No. 1/2002-2007 (31/03/2002)

In this regard, it is hereby clarified that the condition on import of textile and textile articles as per the aforementioned notification, shall not be applicable on imports made by units operating under the conditions of section 65 of Customs Act, 1962. However, the condition regarding testing shall be made applicable if any consig...

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Public Notice No. 3 (RE-2002)/2002-07, Dated: 31.03.2002

Public Notice No. 3 (RE-2002)/2002-07 (31/03/2002)

An application for Diamond Imprest licence for import of cut and polished diamonds including semi processed diamonds, half cut diamonds, broken in any form may be made to the licensing authority concerned as given in Appendix- 25 of the Handbook (Vol I), 2002-2007, in the form given in the Annexure to this Public Notice along with the doc...

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Public Notice No. 2 (RE-2002)/2002-07, Dated: 31.03.2002

Public Notice No. 2 (RE-2002)/2002-07 (31/03/2002)

In exercise of powers conferred under paragraph 2.4 of the Export and Import Policy, 2002-07 and paragraph 1.1 of Handbook (Vol.1), the Director General of Foreign Trade hereby notifies the DEPB rate of the items as contained in the book titled "Schedule of DEPB Rates" as annexed to this Public Notice. This shall come into force from 1st ...

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Public Notice No. 1 (RE-2002)/2002-07, Dated: 31.03.2002

Public Notice No. 1 (RE-2002)/2002-07 (31/03/2002)

In exercise of powers conferred under paragraph 2.4 of the Export and Import Policy, 2002-07, the Director General of Foreign Trade hereby notifies the Handbook of Procedures (Vol.1) as contained in Annexure to this Public Notice. This shall come into force from 1st April, 2002....

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Notification No. 2/2002-2007, Dated: 31.03.2002

Notification No. 2/2002-2007 (31/03/2002)

In exercise of powers conferred under section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Export and Import Policy, 2002-2007, the Central Government hereby amends and notifies the ITC(HS) Classifications of Export and Import Items, 2002-2007 as contained in Annexure to this notification...

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Notification No. 1/2002-2007, Dated: 31.03.2002

Notification No. 1/2002-2007 (31/03/2002)

In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 1.1 of the Export and Import Policy, 2002-07, the Central Government hereby notifies the Export and Import Policy, 2002-07 as contained in Annexure to this notification. The Policy shall come into f...

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SEBI : Guidelines for Investment in Foreign Securities by Mutual Funds

MFD/CIR/17/419 /02 (30/03/2002)

The mutual funds who desire to invest in foreign debt securities may apply in duplicate in the form enclosed herewith. SEBI would forward a copy of the form to the RBI for their approval as is the procedure in case of making investment in ADRs/GDRs issued by Indian companies....

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Circular No.631/22/2002-Central Excise, Dated: 28.03.2002

Circular No.631/22/2002-Central Excise (28/03/2002)

Circular No.631/22/2002-CX I am directed to invite reference to Board's Circular No. 614/5/2002-CX dated 31.1.2002 regarding denial of the benefit of Notification No. 8/97-CE dated 1.3.97(as amended) to the export oriented units using imported consumables. It has been brought to the notice of the Board that the field formations are denyi...

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Reg. anti-dumping duty on import of Hydrofluoric acid

Notification No. 35/2002-Customs (28/03/2002)

Rate of exchange applicable for the purposes of calculation of 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 under sub-clause (i) of clause (a) of sub-section (3) of section 14 of ...

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Reg. anti-dumping duty on import of Sodium Nitrite

Notification No. 34/2002-Customs (28/03/2002)

For the purposes of this notification, rate of exchange applicable for the purposes of calculation of 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 under sub-clause (i) of clause (...

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Notification No. 24/2002-Central Excise ; Dated : 28.03.2002

Notification No. 24/2002-Central Excise [G.S.R. 234(E).] (28/03/2002)

In exercise of the powers conferred by sub-section(1) of section 5A of the Central Excise Act, 1944(1 of 1944), read with sub-section (3) of section 3 of the Additional Duties of Excise ( Goods of Special Importance) Act, 1957 ( 58 of 1957) and sub-section(3) of section 136 of the Finance Act, 2001( 14 of 2001) the Central Government, be...

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Public Notice No. 74 (RE-2001)/1997-2002, Dated: 28.03.2002

Public Notice No. 74 (RE-2001)/1997-2002 (28/03/2002)

Attention is invited to Paragraph 4.11 of the Export and Import Policy 1997-2002, as amended and Paragraphs 7.8 and 7.10 of the Handbook of Procedures, Vol.1, 1997-2002, as amended and also to the Handbook of Procedures, Vol.2, 1997-2002, as amended from time to time....

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Reg. anti-dumping duty on import of Pentaerythritol

Notification No. 33/2002-Customs (27/03/2002)

For the purposes of this notification, rate of exchange applicable for the purposes of calculation of 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 under sub-clause (i) of clause (...

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Reg. anti-dumping duty on import of Sodium hydroxide, commonly known as Caustic Soda

Notification No. 32/2002-Customs (27/03/2002)

For the purposes of this notification, rate of exchange applicable for the purposes of calculation of 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 under sub-clause (i) of clause (...

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Reg. anti-dumping duty on import of Hexamine

Notification No. 31/2002-Customs (27/03/2002)

WHEREAS in the matter of import of Hexamine, falling under sub-heading 2921.29 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, Saudi Arabia and Russia, the designated authority vide its preliminary findings, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the...

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Reg. anti-dumping duty on import of 2-Methyl (5) Nitro Imidazole, commonly known as 2-MNI

Notification No. 30/2002-Customs (27/03/2002)

Rate of exchange applicable for the purposes of calculation of 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 under sub-clause (i) of clause (a) of sub-section (3) of section 14 of ...

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Reg. anti-dumping duty on import of Paracetamol

Notification No. 29/2002-Customs (27/03/2002)

(a) Paracetamol originating in, or exported from, the Peoples Republic of China and Taiwan, has been exported to India below normal value, resulting in dumping; (b) the domestic industry has suffered injury; (c) the injury has been caused by the imports from the People's republic of China and Taiwan...

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SEBI : President/Executive Director/Managing Director Of all Stock Exchanges

SMD/Policy/Cir-06/2002 (27/03/2002)

It has now been decided that for better implementation of the directions contained in the captioned circular, amendments should be made to Bye-Laws, Rules and Regulations of all stock exchanges to incorporate above provisions in the bye-laws, rules and regulations....

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Circular No.630/21/2002-Central Excise, Dated: 27.03.2002

Circular No.630/21/2002-Central Excise (27/03/2002)

Circular No.630/21/2002-CX I am directed to refer to Chapters 7 & 8, relating to exports, of Central Excise Manual, issued by the Board on 1st September 2001 and to say that Board vide Circular No. 6/2002 - Cus dated 23rd January 2002(issued from F.No.450/126/98 Cus.IV) has prescribed that in the case of export goods which are examined b...

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SEBI :Introduction of Benchmarks

MFD/CIR/16/400/02 (26/03/2002)

As the purpose of introducing benchmarks is to indicate the performance of the markets to the investors, the mutual funds may give performance of more than one index if they so desire. Also, they have the option to give their management perception on the performance of their schemes....

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SEBI : President/Executive Director/Managing Director Of all the stock exchanges,

SMD/Policy/Cir- 05/2002 (26/03/2002)

It had been advised vide our circular No. SMD/Policy/Cir-4/2002 dated January 30, 2002 that the rolling settlement on T+3 basis would commence from April 01, 2002....

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TDS not deductible on judgment debt

Islamic Investment Co. Vs. UOI (Bombay High Court)

Argument of the learned counsel on behalf of the Food Corporation of India that since the amount of Rs. 10,31,344 has admittedly been paid on account of interest, it retains its character as interest and, therefore, the Food Corporation of India must be allowed to deduct interest thereon at the rate in force, is not tenable...

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Notification No. 69/2002-Income Tax Dated 22/3/2002

Notification No. 69/2002-Income Tax (22/03/2002)

Notification No. 69-Income Tax In exercise of the powers conferred by section 295 read with clause (12) and clause (25) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962...

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General Circular No. 8/2002, dated 22/03/2002

General Circular No. 8/2002 (22/03/2002)

Nominee Directors appointed by the Public Financial Institutions and Companies established under the Acts of Parliament having non-obstante provisions over the Companies Act, 1956, like IDBI, LIC, UTI, IIBI etc., in their respective statutes shall not be liable to be disqualified for appointment as directors by virtue of Section 274(1)(g)...

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Notification amends Notification No.45/2001-Central Excise (N.T.), Dated 26th June, 2001

Notification No. 15/2002-Central Excise (N.T) (22/03/2002)

In exercise of the powers conferred by sub-rule (3) of rule 19 of the Central Excise Rules, 2002, the Board hereby makes the following amendment in the Notification of the Government of India, in the Ministry of Finance, Department of Revenue, No. 45/2001-Central Excise...

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Notification No. 50 (RE-2001) 1997-2002, Dated: 22.03.2002

Notification No. 50 (RE-2001) 1997-2002 (22/03/2002)

These STEs/agencies shall export directly or through the registered exporters on the same terms and condition as laid down in earlier Notification No. 16(RE-2000)/1997-2002 dated 17.5.2000 except condition relating to time prescribed for export for which the date indicated in Para-3 will apply....

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Notification No. 21/2002-Customs (N.T.), dated: 22.03.2002

Notification No. 21/2002-Customs (N.T.) (22/03/2002)

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.10/2002-NT-Customs, [S.O.231(E)] dated the 25th February, 2002 the Central Government hereby d...

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Notification No. 20/2002-Customs (N.T.), dated: 22.03.2002

Notification No. 20/2002-Customs (N.T.) (22/03/2002)

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.9/2002-NT...

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Notification No. 68/2002-Income Tax Dated 21/3/2002

Notification No. 68/2002-Income Tax (21/03/2002)

Notification No. 68-Income Tax In exercise of the powers conferred in clause (23G) of section 10 of the Income-tax Act, 1961, the Central Government hereby makes the following correction in the name of the enterprise approved vide Notification No. 50/ 2002, dated 26th February, 2002. ...

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Grant of All Industry Rate of Drawback on export of Bicycles under Advance License Scheme- reg

Drawback Circular No. 20/2002-Custom Duty (21/03/2002)

The issue has been examined in the Board. It has been observed that the all Industry Rate of Duty Drawback in respect of complete bicycle under SS No.87.52 of the Drawback ...

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Notification No. 67/2002-Income Tax Dated 20/3/2002

Notification No. 67/2002-Income Tax (20/03/2002)

Notification No. 67-Income Tax In exercise of the powers conferred by clause (23) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Maharashtra State Basketball Association, Matunga, Mumbai...

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Notification No. 59/2002-Income Tax Dated 19/3/2002

Notification No. 59/2002-Income Tax (19/03/2002)

Notification No. 59-Income Tax The Department of Foreign Affairs presents its compliments to the Embassy of India and has the honour to refer to the Convention between the Government of Ireland and the Government of the Republic of India for the Avoidance of Double Taxation and for the Prevention of Fiscal Evasion with respect to Taxes on...

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Notification No. 61/2002-Income Tax Dated 19/3/2002

Notification No. 61/2002-Income Tax (19/03/2002)

Notification No. 61-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 Bonds of the National Housing Bank-Swarna Jayanti Rural Housing Finance, 2000-2001 of rupees one lakh each ...

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Circular No.628/19/2002-Central Excise, Dated: 19.03.2002

Circular No.628/19/2002-Central Excise (19/03/2002)

Circular No.628/19/2002-CX I am directed to invite your attention to Board's Circular No.72/88-CX6 dated 4.10.1988 vide which it was directed to issue protective show cause notices to demand duty on cotton yarn on cops/cones consumed captively or sent outside factory premises for conversion into Hank yarn till a final decision in the mat...

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Notification No.3/2002-Service Tax, dated 19-03-2002

Notification No. 3/2002 - Service Tax (19/03/2002)

19th March, 2002 Notification No. 3/2002 – Service Tax In exercise of the powers conferred by section 93 of the Finance Act, 1994 (32 of 1994), the Central Government being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of […]...

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Departmental Circular No. 2/2002, dated 18/03/2002

Departmental Circular No. 2/2002 (18/03/2002)

It has been already clarified in Departmental Circular No. 6/2001 dated 20.08.2001 that the term “auditors” includes Cost Auditor and hence “scope of audit including observations of the auditors” occurring in the above sub-section includes the scope of audit including observations of the Cost Auditors as well....

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Circular No.627/18/2002-Central Excise, Dated: 15.03.2002

Circular No.627/18/2002-Central Excise (15/03/2002)

Circular No.627/18/2002-CX I am directed to invite your kind attention to Board's Circular No.9/83-CX 6 dated 20.6.1983 and Circular No.33/90-CX 8 dated 31.09.1990 vide which monetary limits for pre-audit/post audit of refund and rebate claims were prescribed. Board has been receiving requests for revision in monetary limit of the claims...

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All Industry Rates of Drawback, 2001-2002 – amendment- reg

Drawback Circular No. 19/2002-Custom Duty (15/03/2002)

Representations have been received from the Indian Silk Export Promotion Council that since the basic raw material in all the silk products and fabrics...

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Notification No. 49 (RE-2001) 1997-2000, Dated: 15.03.2002

Notification No. 49 (RE-2001) 1997-2000 (15/03/2002)

In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act,1992 (No.22 of 1992) read with Paragraph 1.3 and 4.11 of the Export and Import Policy,1997-2002 (incorporating amendments made upto 31.3.2001), the Central Government hereby makes the following amendments in the “ITC(HS) Classifications of ...

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Notification No. 19/2002-Customs (N.T.), dated: 15.03.2002

Notification No. 19/2002-Customs (N.T.) (15/03/2002)

The principal notification was published in the Gazette of India vide G.S.R. 409(E), dated the 1st June, 2001, and it was amended vide notification No.30/2001-Customs(N.T.) dated the 22nd June,2001 vide G.S.R.451(E) dated the 22nd June, 2001, notification No.50/2001-Customs(N.T.) dated the 4th October, 2001 vide G.S.R. 756(E) dated the 4t...

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SEBI : Publication of audited annual accounts by mutual funds

MFD/CIR/15/041/2002 (14/03/2002)

Regulation 56 of the Regulations also requires a mutual fund to publish through an advertisement its scheme-wise annual report or an abridged summary thereof not later than six months from the date of closure of relevant accounting year and a copy of the abridged annual report is required to be sent to each unitholder....

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Guidelines for import of Rough Marble Blocks/Slabs

Policy Circular No. 29 (RE-01)/1997-2002 (14/03/2002)

In case of applicants at 2(a) above, Value of the licence to be issued in one year shall be limited to 50% of the average CIF Value of imports made by them during the years when this item was under SIL....

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Customs procedure for export of container cargo from ICDs/CFSs in India to Bangladesh and Nepal through LCSs- reg

Circular No.18/2002-Custom Duty (13/03/2002)

The proposal has been examined by the Board and it has been decided to allow movement of export cargo from ICDs/CFSs to Nepal and Bangladesh through Land Customs Stations....

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Circular No.17/2002-Custom Duty, dated: 13.03.2002

Circular No.17/2002-Custom Duty (13/03/2002)

I am directed to refer to Board's letter F.No. 450/76/92-Cus.IV dated 28/9/1994 and Circular No. 28/95-Cus.,dated 27/3/1995 explaining the legal position regarding levy of Customs duty...

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Notification No. 28/2002-Customs, Dated: 11.03.2002

Notification No. 28/2002-Customs (11/03/2002)

The principal notification 26/99-Customs dated the 28th February 1999 was published in the Gazette of India, Extraordinary vide G.S.R 162 (E) dated the 28th February 1999....

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Public Notice No. 73 (RE-01)/1997-2002, Dated: 08.03.2002

Public Notice No. 73 (RE-01)/1997-2002 (08/03/2002)

In exercise of powers conferred under Paragraph 4.11 of the Export and Import Policy 1997-2002, as notified in the Gazette of India extraordinary, Part-II Section 3, Sub section (ii) vide S.O. No.283(E) dated 31.03.1997, the Director General of Foreign Trade hereby makes the following amendment in Handbook (Vol 1).(RE-01), 1997-2002....

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Notification specifies the jurisdiction of Chief Commissioners of Central Excise, Commissioners of Central Excise and Commissioners of Central Excise (Appeals)

Notification No. 14/2002-Central Excise (N.T) (08/03/2002)

In exercise of the powers conferred by sub-rule (2) of rule 3 of the Central Excise Rules, 2002, and in supersession of Ministry of Finance (Department of Revenue) notification No. 37/2001-Central Excise (N.T.) dated the 26th June, 2001(G.S.R.466(E), dated 26th June, 2001), the Central Board of Excise and Customs specifies the jurisdictio...

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Notification No. 18/2002-Customs (N.T.), dated: 07.03.2002

Notification No. 18/2002-Customs (N.T.) (07/03/2002)

The principal notification No. 30/97-Customs (N.T.), dated 7th July, 1997 was published in Gazette of India Extraordinary Part-II, Section 3, sub-section (i), dated 7th July, 1997 under GSR 366(E) and was last amended vide notification No. 60/2000-Customs (N.T.), dated 10th October, 2000 published in Gazette of India Extraordinary Part-II...

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Supersession of notification No.19/90- Customs (N.T.), dated: 26.04.1990

Notification No. 17/2002-Customs (N.T.) (07/03/2002)

In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962) and in supersession of notification of the Government of India in the Ministry of Finance (Department of Revenue) No.19/90- Customs (N.T.), dated the 26th April, 1990, the Central Government appoints the officers mentioned in Column (...

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Supersession of notification No.29/97-Customs (N.T.), dated: 07.07.1997

Notification No. 16/2002-Customs (N.T.) (07/03/2002)

In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962) and in supersession of notification of the Government of India in the Ministry of Finance (Department of Revenue) No.29/97-Customs (N.T.), dated the 7th July, 1997, the Central Government appoints the officers mentioned in column (2) ...

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Supersession of notifications No.13/89-Customs (N.T.), dated: 09.03.1989 and No. 27/97-Customs (N.T.), dated: 07.07.1997

Notification No. 15/2002-Customs (N.T.) (07/03/2002)

In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962) and in supersession of notifications of the Government of India in the Ministry of Finance (Department of Revenue) No.13/89-Customs (N.T.), dated the 9th March, 1989 and No. 27/97-Customs (N.T.), dated the 7th July, 1997, the Central ...

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Notification No. 14/2002-Customs (N.T.), dated: 07.03.2002

Notification No. 14/2002-Customs (N.T.) (07/03/2002)

In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962) and in supersession of notification of the Government of India in the Ministry of Finance (Department of Revenue) No.58/97-Customs (N.T.), dated the 24th November, 1997, the Central Government appoints the officers mentioned in column...

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Notification No. 55/2002-Income Tax Dated 6/3/2002

Notification No. 55/2002-Income Tax (06/03/2002)

Notification No. 55-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 2002-2003, 2003-2004 and 2004-2005. ...

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Notification No. 54/2002-Income Tax Dated 6/3/2002

Notification No. 54/2002-Income Tax (06/03/2002)

Notification No. 54-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 2002-2003, 2003-2004 and 2004-2005. ...

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Circular No.626/17/2002-Central Excise, Dated: 06.03.2002

Circular No.626/17/2002-Central Excise (06/03/2002)

Circular No.626/17/2002-CX I am directed to refer to Board's Circular No. 581/18/2001-CX, dated 29th June 2001, specifying conditions, procedures, class of exporters and places under sub-rule 2 of rule 20 of Central Excise (No.2) Rules, 2001 read with Notification No 40/2001 - Central Excise dated 26th June 2001 dealing with the matter f...

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Notification No. S.O. 285(E), dated 06/03/2002

Notification No. S.O. 285(E) (06/03/2002)

S.O 285(E).- In exercise of the powers conferred by sub-section (1) of section 210A of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following further amendments in the notification of Government of India, in the Ministry of Law, Justice and Company Affairs, (Department of Company Affairs), number S.O. 841(E...

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General Circular No. 6/2002, dated 06/03/2002

General Circular No. 6/2002 (06/03/2002)

Compounding of offence under Section 621A of the Companies Act, 1956 - companies under liquidation - clarification....

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Notification No. 13/2002-Customs (N.T.), dated: 05.03.2002

Notification No. 13/2002-Customs (N.T.) (05/03/2002)

The principal notification No. 12/97-Customs (N.T.) dated the 2nd April 1997 was published in the Gazette of India, Extraordinary Part (II), Section 3 Sub-section (i) vide No. GSR 193 (E), dated the 2nd April, 1997 and was last amended by Notification no. 51/2001-Custom (N.T.) dated the 5th October, 2001, published in the Gazette of India...

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General permission for release of imported currency through post – reg

Circular No. 16/2002-Custom Duty (05/03/2002)

Import of Indian currency notes and coins by post is not permitted. However, whenever such notes, received by post, are detected by the Customs, the impounded currency...

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Port restrictions on import of natural rubber(all items classified under Exim Head no. 40.01)

Policy Circular No. 28 (RE-2001)/1997-2002 (04/03/2002)

The matter has been considered and it is clarified that the port restrictions as per the Notification no. 41(RE-2001)/1997-2002 dated 19.12.2001, shall not be applicable on import of natural rubber made by units in SEZ. However, import of natural rubber is not allowed under any duty exemption scheme including EOU/EPZ except under SEZ....

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Notification No. S.O.275(E)-Income Tax Dated 4/3/2002

Notification No. S.O.275(E)-Income Tax (04/03/2002)

Notification No. S.O.275(E)-Income Tax In exercise of the powers conferred by sub-clause (vii) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies Tax Free Municipal Bonds for an amount of rupees eighty two crore and fifty lakh only to be issued by Municipal Corporation of Hyderab...

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Notification No. 13/2002-Central Excise (N.T.) Dated 1-3-2002

Notification No. 13/2002-Central Excise (N.T.) (01/03/2002)

In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 4A of the Central Excise Act, 1944 (1 of 1944) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 5/2001-Central Excise (N.T.), dated the 1st March, 2001, published in the Gazette of ...

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Notification amends Notification No. 50/2001-Central Excise (N.T.), Dated 28-6-2001

Notification No. 12/2002-Central Excise (N.T.) (01/03/2002)

In exercise of powers conferred by rule 14 of the Central Excise Rules, 2002, the Central Board of Excise and Customs hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance ...

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Notification specifies application form and conditions for claiming refund of Cenvat credit on inputs used in the goods cleared for Export

Notification No. 11/2002-Central Excise (N.T.) (01/03/2002)

In exercise of the powers conferred by rule 5 of CENVAT Credit Rules, 2002 (hereinafter referred to as the said rules), the Central Government hereby directs that refund of CENVAT credit of specified duty allowed in respect of inputs used in or in relation to the manufacture of final products which are cleared for export under bond may be...

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Notification rescinds Notification No. 55/2001-Central Excise (N.T.), Dated 29-6-2001

Notification No. 10/2002-Central Excise (N.T.) (01/03/2002)

In exercise of the powers conferred by rule 11 of the CENVAT Credit Rules, 2002, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby rescinds the notification No. 55/2001-Central Excise (N.T.), dated the 29th June, 2001, of the Government of India in the Ministry of Finance...

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Notification amends Notification No. 16/98-Central Excise (N.T.), Dated 2-6-1998

Notification No. 9/2002-Central Excise (N.T.) (01/03/2002)

In exercise of the powers conferred by sub-section (2) of section 3 of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance ...

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Notification amends Notification No. 36/2001-Central Excise (N.T.), Dated 26-6-2001

Notification No. 8/2002-Central Excise (N.T.) (01/03/2002)

In exercise of the powers conferred by sub-rule (2) of rule 9 of the Central Excise Rules, 2002, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in the notification of the Government of India, in the Ministry of Finance...

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Notification amends Notification No. 20/2001-Central Excise (N.T.), Dated 30-4-2001

Notification No. 7/2002-Central Excise (N.T.) (01/03/2002)

In exercise of the powers conferred by sub-section (2) of section 3 of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance ...

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Notification notifies certain goods for deemed credit

Notification No. 6/2002-Central Excise (N.T.) (01/03/2002)

In exercise of the powers conferred by rule 11 of the CENVAT Credit Rules, 2002, and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 53/2001-Central Excise (N.T.), dated the 29th June, 2001, published in the Gazette of India vide number G.S.R. 497 (E), dated the 29th Ju...

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Cenvat Credit Rules, 2002

Notification No. 5/2002-Central Excise (N.T.) (01/03/2002)

These rules may be called the CENVAT Credit Rules, 2002.They extend to the whole of India. They shall come into force on the 1st day of March , 2002....

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Central Excise Rules, 2002

Notification No. 4/2002-Central Excise (N.T.) [G.S.R. 143(E).] (01/03/2002)

These rules may be called the Central Excise Rules, 2002. They extend to the whole of India. They shall come into force on the 1st day of March , 2002....

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Seeks to prescribe a scheme of exemption for temporary import of leased machinery

Notification No. 27/2002-Customs (01/03/2002)

(i) in the case of goods which are re-exported within six months of the date of importation, so much of the duty of customs as is in excess of the amount calculated at the rate of fifteen per cent. of the aggregate of the duties of customs, which would be leviable under the said Customs Act, 1962 or under any other law for the time being ...

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Amendments in notification No. 25/99-Customs, dated: 28.02.1999

Notification No. 26/2002-Customs (01/03/2002)

The principal notification No.25/99-Customs, dated the 28th February, 1999 was published vide number G.S.R.161(E), dated the 28th February,1999 and was last amended vide notification No.20/2001-Customs,dated the 1st March,2001, G.S.R. 119(E), dated the 1st March,2001....

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Seeks to prescribe a duty of 15% on capital goods used by the IT/Electronics industry, subject to actual user condition

Notification No. 25/2002-Customs (01/03/2002)

In exercise of the powers conferred by sub-section(1) of section 25 of the Customs Act,1962(52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods specified in column(2) of the Table below, and falling under Chapters 82,84,85 or 90 of the First Schedule to the Cu...

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Amends the Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996

Notification No. 12/2002-Customs (N. T.) (01/03/2002)

The principal rules were published vide notification No. 36/96-Customs (N. T.), dated the 23rd July, 1996, [G.S.R. 305 (E), dated the 23rd July, 1996] and were last amended vide notification No. 33/98-Customs (N. T.) dated the 2nd June, 1998, G. S. R. 299 (E), dated the 2nd June, 1998....

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Amends the Baggage Rules, 1998

Notification No. 11/2002-Customs (N.T) (01/03/2002)

The principal rules were published vide notification No.30/98-Customs (N.T) dated the 2nd June, 1998,[G.S.R. 296 (E), dated the 2nd June , 1998] and were last amended vide notification No. 50/2000-Customs (N.T), dated the 9th August, 2000, G.S.R. 658(E), dated the 9th August, 2000....

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Notification No. 24/2002-Customs, dated: 01.03.2002

Notification No. 24/2002-Customs (01/03/2002)

Notification 54/2001-Customs, dated the 11th May, 2001 was published in the Gazette of India, Extraordinary, vide G.S.R.353 (E), dated the 11th May, 2001....

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Supercession of the notification No.19/2001-Customs, dated: 01.03.2001

Notification No. 23/2002-Customs (01/03/2002)

In exercise of the powers conferred by sub-section (1) of section 3A of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Act), and in supercession of the notification of the Government of India in the Ministry of Finance ( Department of Revenue), No.19/2001-Customs, dated the 1st March, 2001....

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Seeks to prescribe effective rates of duty for goods where the tariff rate is sought to be reduced in the Finance Bill, 2002

Notification No. 22/2002-Customs (01/03/2002)

In the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 22/2002-Customs, dated the 1st March, 2002, published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i), vide number G.S.R.119(E), dated the 1st March,2002,at pages 103 to 118....

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Notification No. 21/2002-Customs, dated: 01.03.2002

Notification No. 21/2002-Customs [G.S.R 118(E)] (01/03/2002)

In exercise of the powers conferred by sub-section (1) of section 25 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.17/2001-Customs, dated the 1st March, 2001[ G.S.R. 116(E) dated the 1st March, 2001], the Central Government, ...

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This Notification amends Notification No. 16/2001-C.E. dated 26-3-2001

Notification No. 23/2002-Central Excise (01/03/2002)

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenu...

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This Notification amends Notification Nos. 8/2001-C.E. and 9/2001-C.E., both dated 1-3-2001

Notification No. 22/2002-Central Excise (01/03/2002)

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the Government of India, in the Ministry of Finance (Department of ...

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Exemption to certain goods produced in refineries in North-Eastern States

Notification No. 21/2002-Central Excise (01/03/2002)

rom so much of each of the duties of excise specified in column(2) of the Table hereto annexed, leviable under the Acts specified in the corresponding entry in column(3) of the said Table, as is in excess of the amount calculated at the rate of fifty per cent. of each of the duties specified in column(2) of the said Table....

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Supersedes Notification No. 20/98-C.E., dated 18-7-1998

Notification No. 20/2002-Central Excise (01/03/2002)

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sub-section (3) of section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957) and in supersession of the notification of the Government of India in the Ministry of Finance (D...

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Exemption to Motor Spirit and High Speed Diesel Oil from Special Additional Excise Duty

Notification No. 19/2002-Central Excise (01/03/2002)

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944) read with sub-clause (3) of clause 140 of the Finance Bill, 2002 , which clause has, by virtue of the declaration made in the said Finance Bill under the Provisional Collection of Taxes Act, 1931 (16 of 1931) the force of l...

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Exemption for goods falling under heading No. 09.02 of First Schedule to Central Excise Tariff Act, 1985

Notification No. 17/2002-Central Excise (01/03/2002)

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods falling under heading No. 09.02 of the First Schedule to the Central Excise Tariff Act, 1985....

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Rescinds Notification No. 32/2001-C.E., Dated 28-6-2001

Notification No 16/2002-Central Excise (01/03/2002)

In exercise of the powers conferred by rule 15 of the Central Excise Rules, 2002, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 32/2001-Central Excise, dated the 28th June, 20...

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Exemption for specified goods falling under Chapters 51 to 63 of First Schedule to Central Excise Tariff Act,1985

Notification No. 15/2002-Central Excise (01/03/2002)

in respect of the goods specified against S.Nos. 2, 3, 5, 6, 8, 9, 10, 12, 13, 15, 16 and 17, from so much of the duty of excise specified in the First Schedule to the said Central Excise Tariff Act as is in excess of an amount calculated at the rate equivalent to seventy-five per cent. of the duty of excise specified in the First Schedul...

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Supersedes Notification No. 11/2001-C.E., dated 1-3-2001

Notification No. 14/2002-Central Excise [G.S.R. 135(E)] (01/03/2002)

If made from textile fabrics, whether or not processed, on which the appropriate duty of excise leviable under the First Schedule to the said Central Excise Tariff Act and the Additional Duties of Excise (Goods of Special Importance) Act, read with any notification for the time being in force or the additional duty of customs leviable und...

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Notification No. 13/2002-Central Excise ; Dated : 01.03.2002

Notification No. 13/2002-Central Excise (01/03/2002)

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby rescinds the following notifications of the Government of India in the Ministry of Finance (Department of Revenue), except a...

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Rescinds Notification No. 1/2002-C.E., dated 11-1-2002

Notification No. 12/2002-Central Excise (01/03/2002)

In exercise of the powers conferred by section 3 of the Central Excise Tariff Act, 1985 (5 of 1986) , the Central Government, being satisfied that it is necessary in the public interest so to do, hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 1/2002-Central Excise, dated...

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Notification No. 11/2002-Central Excise Dated: 1st March, 2002

Notification No. 11/2002-Central Excise [G.S.R. 132 (E)] (01/03/2002)

The principal notification No. 13/98-Central Excise, dated the 2nd June, 1998, was published in the Gazette of India, vide number G.S.R. 308 (E), dated the 2nd June, 1998 and was last amended by notification No. 11/2000-Central Excise, dated the 1st March, 2000, G.S.R. 189 (E), dated the 1st March, 2000....

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Prescribes effective rates wherever duty rate has been reduced in Tariff.

Notification No. 10/2002-Central Excise (01/03/2002)

(i) no credit of the duty paid on (a) inputs; or (b) Capital goods exclusively, (ii) used in the manufacture of these goods has been taken under rule 3 or rule 11 of the CENVAT Credit Rules, 2002; and (ii) the duty is paid in cash or through account current....

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Public Notice No. 72 (RE-2001)/1997-2002, Dated: 01.03.2002

Public Notice No. 72 (RE-2001)/1997-2002 (01/03/2002)

Attention is invited to Paragraph 4.11 of the Export and Import Policy 1997-2002, as amended and Paragraphs 7.8 and 7.10 of the Handbook of Procedures, Vol.1, 1997-2002, as amended and also to the Handbook of Procedures, Vol.2, 1997-2002, as amended from time to time....

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SSI exemption scheme effective from1.4.2001 for units availing Cenvat credit

Notification No. 09/2002-Central Excise [G.S.R. 130 (E)] (01/03/2002)

Provided that nothing contained in this notification shall apply to a manufacturer who has availed the exemption under notification No. 39/2001-Central Excise, dated the 31st July, 2001, published in the Gazette of India vide number G.S.R. 565 (E) dated the 31st July, 2001, in the same financial year....

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SSI exemption scheme effective from 1.4.2002 for units not availing Cenvat credit.

Notification No 08/2002-Central Excise [G.S.R. 129 (E)] (01/03/2002)

where the specified goods are manufactured in a factory belonging to or maintained by the Central Government or by a State Government, or by a State Industries Corporation, or by a State Small Industries Corporation or by the Khadi and Village Industries Commission, then the value of excisable goods cleared from such factory alone shall ...

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Amends Notification No. 34/2001-C.E., dated 28-6-2001

Notification No. 07/2002-Central Excise (01/03/2002)

In exercise of the powers conferred by rule 15 of the Central Excise Rules, 2002, the Central Government hereby makes the following amendment in the notification of the Government of India, Ministry of Finance (Department of Revenue) No. 34/2001- Central Excise, dated the 28th June, 2001, namel....

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General Circular No. 5/2002, dated 01/03/2002

General Circular No. 5/2002 (01/03/2002)

Use of Information Technology in cash transaction of listed companies for payment of dividends....

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