Notification No. 289-Income Tax In exercise of the powers conferred by the sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the “Indian International Textile Machinery Exhibition Society, Mumbai” for the purpose of the said sub-clause for the assessment years 2002-03 to 2004-05 subject
Circular No. 667/58/2002-CX It was clarified therein that in the context of notifications which exempt specified goods provided such goods have been made from other goods on which appropriate duty of excise has already been paid, the benefit would be available even if the inputs are exempted from excise duty.
