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The matter has been considered in consultation with the Gems & Jewellery Division, Department of Commerce and Central Board of Excise & Custom, Department of Revenue. Accordingly, it is clarified that for the purpose of Paragraph 4.4.5(b) of Exim Policy, the calculation of the quantum of silver shall be done excluding the weight of studding.
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 makes the following amendments/ corrections in the book titled “Schedule of DEPB RateSr.
I am directed to invite your attention to the subject mentioned above and to say that a doubt has been raised regarding classification of records, tapes and other media .
The matter has been examined. At present, the nominated agencies are allowed to import silver on payment of duty at the rate of Rs. 500 per kg. under notification No.80/97-Cus.
Notification No. 204-Income Tax Provided that the benefit under the said section shall be admissible only if the holder of such bonds registers his/her name and the holding with the said Corporation.
Notification No. 205-Income Tax Provided that the benefit under the said section shall be admissible only if the holder of such bonds registers his/her name and the holding with the said Corporation.
Notification No. 206-Income Tax Provided that the benefit under the said section shall be admissible only if the holder of such bonds registers his/her name and the holding with the said Corporation.
Notification No. 200-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.
