"December, 2002" Archive

Public Notice No. 53 /2002-07, Dated: 31.12.2002

Public Notice No. 53/2002-07-DGFT (31/12/2002)

Attention is invited to Public Notice No 14 dated 31.05.2002 and Public Notice No 33 dated 26.08.2002 which introduced a special provision for exemption of Special Additional Duty (SAD) on DEPB’s issued under the Exim Policy 2002-07 where the order of “let export” was prior to 01.04.2002. Para 7 of PN 14 dtd 31.5.02 is amended as un...

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Notification No. 145/2002-Customs, dated: 31.12.2002

Notification No.145/2002-Customs (31/12/2002)

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 makes the following amendment in the notification of the Government of India in the erstwhile Ministry of Finance ( Department of R...

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Notification No. 144/2002-Customs, dated: 31.12.2002

Notification No. 144/2002-Customs (31/12/2002)

In exercise of the powers conferred by sub-section (1) of the 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 makes the following further amendment in the notification of the Government of India in the erstwhile Ministry of Finance (Depa...

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SEBI : secretrial audit

D&CC/FITTC/CIR–16/2002 (31/12/2002)

Any non compliance by the issuer company shall be viewed seriously and suitable action shall be initiated under the Depositories Act, 1996 against the issuer company and its Directors....

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SEBI : Guidelines for Participation by Mutual Funds in Trading in Derivative Products

MFD/CIR/21/25467/2002 (31/12/2002)

SEBI Advisory Committee on Derivatives has clarified certain types of transactions with illustrative examples which may be considered as hedging and portfolio balancing....

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SEBI : reconsilation of the admited, issued and listed capital

D&CC/FITTC/CIR–17/2002 (31/12/2002)

They shall confirm that the dematerialisation requests have been processed within 21 days and shall also state the reasons for shares pending confirmation for more than 21 days from the date of request. ...

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Excise Duty Exemption to motor spirit

Notification No. 64/2002-Central Excise (31/12/2002)

from so much of the duty of excise leviable thereon under the said schedules, as is in excess of the duty that would have leviable on such goods under the said schedules, if sold by the manufacturer for delivery at the time of removal of such goods or at any other time nearest to the removal of such goods, where the manufacturer and the b...

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Notification No. 63/2002-Central Excise ; dated: 31.12.2002

Notification No. 63/2002-Central Excise (31/12/2002)

For the purposes of this exemption appropriate duties of excise shall mean the duties of excise leviable under the First Schedule and Second Schedule to the Central Excise Tariff Act, 1985 ( 1 of 1986), the additional duty of excise leviable under the Finance (No.2) Act, 1998 (21 of 1998) and the special additional excise duty leviable un...

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Notification No. 62/2002-Central Excise ; Dated : 31.12.2002

Notification No. 62/2002-Central Excise (31/12/2002)

The principal notification No. 6/2002-Central Excise, dated the 1st March, 2002 was published in the Gazette of India, Extraordinary vide G.S.R 127 (E) dated the 1st March, 2002 and was last amended by notification No. 55/2002-Central Excise, dated the 7th November , 2002 (G.S.R 752 (E) dated the 7th November, 2002....

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Assessment of bulk liquid cargo – ship ullage survey report Vs shore tank receipt

Circular No. 96/2002-Custom Duty (27/12/2002)

The CEGAT order dated 7.7.2000 in the case of HPCL has been followed subsequently by the Tribunal in other cases as well. In the case of Collector of Customs, Visakhapatnam Vs HPCL, the CEGAT i...

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Provisional anti-dumping duty on all imports of Vitamin C

Notification No. 143/2002-Customs (27/12/2002)

Rate of exchange applicable for the purposes of calculation of such 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 conferred by sub-clause (i) of clause (a) of sub-section (3) of se...

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SEBI : Depository and Custodial Division – Circular No.15 Appointment of common agency for share registry work

D&CC/FITTC/CIR-15/2002 (27/12/2002)

It has therefore been decided that all the work related to share registry in terms of both physical and electronic should be maintained at a single point i.e. either in-house by the company or by a SEBI registered R & T Agent....

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Provisional anti-dumping duty on imports of Sodium Hydroxide

Notification No. 142/2002-Customs (26/12/2002)

Rate of exchange applicable for the purposes of calculation of such 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 conferred by sub-clause (i) of clause (a) of sub-section (3) of se...

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Imposed an anti-dumping duty on Vitamin AD3500/100

Notification No. 141/2002-Customs (26/12/2002)

(a) Vitamin AD3 500/100 originating in, or exported from, the People's Republic of China, has been exported to India below normal value, resulting in dumping; (b) the Indian industry has suffered material injury; (c) the injury has been caused by imports from the People's Republic of China;...

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Notification No. 82/2002-Customs (N.T.), dated: 26.12.2002

Notification No. 82/2002-Customs (N.T.) (26/12/2002)

In exercise of the powers conferred by sub-clause (i) of 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 & Company Affairs (Department of Revenue) No.75/2002-NT-Customs, dated the 26th November, 2002 [S.O.1235(E)...

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Notification No. 81/2002-Customs (N.T.), dated: 26.12.2002

Notification No. 81/2002-Customs (N.T.) (26/12/2002)

In exercise of the powers conferred by 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 & Company Affairs (Department of Revenue) No.74/2002-NT-Customs, dated the 26th November, 2002 [S.O.1234(E) dat...

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Circular No.684/75/2002-Central Excise, Dated: 26.12.2002

Circular No.684/75/2002-Central Excise (26/12/2002)

Circular No.684/75/2002-CX It has come to the notice of the Board that whenever a survey is floated for examining/issuing Notification under Section 11C of Central Excise Act, 1944, divergent practices are being followed in the field formations so far as enforcement of recovery of duty involved in the past cases is concerned....

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Notification No. 21/ 2002-07, Dated: 26.12.2002

Notification No. 21/2002-07 (26/12/2002)

In exercise of powers conferred under Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 read with Paragraph 2.1 of Export & Import Policy, 2002-2007, the Central Government hereby makes the following amendments in the ITC (HS) Classification of Export and Imports items, 2002-2007....

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Acceptance of Third Party Exports under various Export Promotion Schemes

Policy Circular No. 16/2002-2007 (24/12/2002)

It is clarified that in terms of Section 13 of the General Clauses Act, 1987, third party exports are permitted under various Exim Policy(s) for all the export promotion schemes. All the past cases of third party exports may be regularised on submission of supporting documentation to the Licencing Authority. ...

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Circular No.683/74/2002-Central Excise, Dated: 24.12.2002

Circular No.683/74/2002-Central Excise (24/12/2002)

Circular No.683/74/2002-CX Notification No. 42/2002-CE(NT) seeks to disallow diversion of the credit taken on inputs used for manufacture of products exempted under the said North East notifications for payment of central excise duty on other products. Such diversion would imply payment of a greater amount of duty through account-current...

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Assessment of Duty of Gold/Silver in SEZ-Clarification Reg

Circular No. 95/2002-Custom Duty (23/12/2002)

It has been brought to the notice of the Board that under the SEZ Scheme, the assessment of gold/silver is done at the tariff rate of duty and not at effective rate ...

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Circular No. 13/2002-Income Tax Dated 23-12-2002

Circular No. 13/2002-Income Tax (23/12/2002)

Circular No. 13 of 2002-Income Tax Reference is invited to Circular No. 15/2001, dated 12-12-2001 wherein the rates of deduction of income-tax from the payment of income under the head "Salaries" under section 192 of the Income-tax Act, 1961, during the financial year 2001-2002, were intimated....

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Notification No. 140/2002-Customs, dated: 23.12.2002

Notification No. 140/2002-Customs (23/12/2002)

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 makes the following further amendment in the notification of the Government of India in the erstwhile Ministry of Finance (Departm...

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Notification No. 61/2002-Central Excise Dated : 23.12.2002

Notification No. 61/2002-Central Excise (23/12/2002)

The principal notification No. 32/99-Central Excise dated the 8th July, 1999 was published in the Gazette of India vide number G.S.R. 508 (E), dated the 8th July, 1999 and was last amended vide notification No. 48/2002-Central Excise, dated the 12th September, 2002, [G.S.R. 638 (E), dated the 12th September, 2002....

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Amends Cenvat Credit rules

Notification No. 42/2002-Central Excise (N.T.) (23/12/2002)

In exercise of the powers conferred by section 37 of the Central Excise Act,1944 (1 of 1944), the Central Government hereby makes the following rules further to amend the CENVAT Credit Rules, 2002...

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Import of pets under Baggage – Reg

Circular No. 94/2002- Custom Duty (23/12/2002)

I am directed to refer to Board's instructions issued vide Circular No.9/2002 dated 30th January, 2002 on the above mentioned subject, wherein it was reiterated that bonafide pet animals...

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Removal of Brass Borings/Scrap to the Job Worker for Recycling into Brass Bars-Reg

Circular No. 93/2002-Custom Duty (20/12/2002)

It has been brought to the notice of the Board by an EOU manufacturing engineering products that during the course of production of brass glands, a lot of brass boring is generated which can be reused by getting it recycled into bars through a local job worker...

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Transfer of Unutilized Raw Material from one EOU/ EPZ/ STP/EHTP Unit to another EOU/EPZ/STP/EHTP Unit under Paragraph 6.16 of the Policy- Reg

Circular No. 91/2002-Custom Duty (20/12/2002)

It has been brought to the notice of the Board that the EOUs and units in EPZ/EHTP/STP are not being allowed to transfer unutilized materials procured / imported duty free to other such unit in spite of explicit provision contained...

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SEBI : Electronic Data Information Filing And Retrieval (EDIFAR)

SMD/Policy/Cir-27/02 (20/12/2002)

SEBI vide circular SMD/Policy/Cir-17/2002 dated July 03, 2002 provides that the list of companies which are required to file documents/statements on-line shall be specified by SEBI from time to time....

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SEBI : Amendment to SEBI (FII) Regulations 1995

FITTC/FII/CUST/1 24985/20 (20/12/2002)

FII registration /renewal fees have been reduced from US$ 10,000 to US $ 5,000/. Further, documentation required to be enclosed along with FII registration/ renewal applications have also been simplified and curtailed....

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Notification amends Notification No. 14/2002-Central Excise (N.T.), Dated 8th March, 2002 regarding jurisdiction

Notification No. 41/2002-Central Excise (N.T.) (20/12/2002)

In exercise of the powers conferred by sub-rule (2) of rule 3 of the Central Excise Rules, 2002, the Central Board of Excise and Customs hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance, Department of Revenue, No. 14/2002-Central Excise (N.T.), dated the 8th March, 2002...

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Issuance of Transhipment Permit at Ports on Saturdays – reg

Circular No. 90/2002-Custom Duty (19/12/2002)

I am directed to invite your attention to the Board's Circular No.79/2001-Cus., dated 7.12.2001 regarding simplification of procedure for transhipment of cargo from gateway ports to other ports/ICDs/CFSs. ...

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Circular No.50/11/2002-ST dated 18.12.2002

Circular No.50/11/2002-ST (18/12/2002)

I am directed to say that doubts have been raised as to whether Service Tax is payable on the services rendered by Central Depository Services (India) Limited (CDSL). CDSL is providing depository services in respect of DEMAT stocks to its customers. It has also implemented "Electronic Access to Securities Information" (easi), to enable th...

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Circular No. 49/11/2002-ST dated 18.12.2002

Circular No.49/11/2002-ST (18/12/2002)

I am directed to invite your attention to Section 65(25) of the Finance Act, 1994 (as amended), which defines Consulting Engineer as "any professionally qualified engineer or an engineering firm, who, either directly or indirectly, renders, any advice, consultancy or technical assistance in any manner to a client in one or more discipline...

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SEBI : Review of recommendation of Dr. L.C Gupta Committee on Derivatives

SMDRP/DC/CIR-14/02 (18/12/2002)

Separation of Cash and Derivative Segment of an Exchange and its Clearing House/Corporation. The Dr. L.C Gupta Committee on Derivatives had permitted exiting stock exchanges having cash trading to trade in derivative contracts through a separate segment with separate membership....

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SEBI : Adjustment in Stock Option Contracts and Single Stock Futures Contracts at time of Corporate Action

SMDRP/DC/CIR-15/02 (18/12/2002)

The Exchanges may now determine the manner of adjustment in derivative contracts at the time of corporate actions in conformity with the following principles....

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SEBI : Risk containment measures and the broad eligibility criteria of stocks on which stock options and single stock futures could be introduced.

SMDRP/DC/CIR-13/02 (18/12/2002)

Derivative contracts on a new stock index shall be permitted if the stocks contributing 90% weightage in the index are individually eligible for derivative trading as per the eligibility criteria. This requirement shall be applied only at the time of introduction of derivative contract on new indices....

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Powers of Adjudication of Additional / Joint Commissioners of Customs – reg

Circular No. 87/2002-Custom Duty (17/12/2002)

As for other cases i.e. the show cause notices where the extended period is not invoked, as per the existing instructions the Additional Commissioners of Customs and Joint Commissioners of Customs ...

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Customs procedure for shipment of export cargo to Bangladesh by the inland waterways route from Haldia Docks Complex-reg

Circular No. 89/2002-Custom Duty (17/12/2002)

These instructions may be brought to the notice of all concerned by way of issuance of suitable Pubic Notice/Standing Orders. ...

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Supply of Goods by EOU/EPZ/SEZ units against Special Entitlement of Duty Free Import of Goods -Clarification Reg

Circular No. 88/2002-Custom Duty (17/12/2002)

In view of the of the position explained above, I am directed to convey that manufacturing units in SEZ may also be allowed to clear manufactured goods in DTA against special entitlement of duty free import of goods ...

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SEBI : Application procedure for registration/renewal as Merchant Banker

SEBI/RMB Circular No. 3(2002-2003)/MB (16/12/2002)

The information submitted to SEBI at the time of registration/renewal application, shall be full and complete in all respects, otherwise it may delay processing of the registration/renewal application....

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SEBI : Application procedure for registration/renewal as Underwriter

SEBI/RUW Circular No. 2(2002-2003)/UW (16/12/2002)

All entities desirous to be registered as Underwriters and all registered Underwriters desirous of renewing their registration as Underwriter, are required to furnish all the information as specified in 'Additional Information....

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Notification No. 18/2002-Service Tax, dated 16-12-2002

Notification No. 18/2002-Service Tax (16/12/2002)

16th December, 2002 Notification No. 18/2002-Service Tax In exercise of the powers conferred by Sub-section (1) of 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 exempts the taxable services provided by a consulting engineer to a [&hell...

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Notification No. 20/2002-07, Dated: 13.12.2002

Notification No. 20/2002-07 (13/12/2002)

Units in Small Scale Industry/Tiny Sector/Cottage Sector/Units registered with KVICs or KVIBs/ Units located in North Eastern States, Sikkim and J&K/ Units exporting handloom, handicrafts, hand knotted carpets, silk carpets/exporters holding golden status/ exporters exporting to countries in Latin America and CIS/sub Saharan Africa, units...

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Exchange rate to be adopted for hard currencies not mentioned in the Department of Revenue Notification

Policy Circular No. 15/2002-2007 (12/12/2002)

Some such examples are the New Zealand Dollar and the South African Rand both of which do not feature in the exchange rate notifications of the Department of Revenue . These are merely an illustrative list in the basket of hard currencies not covered by such notifications. ...

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Valuation treatment of royalty/license fees payable on imported films- reg

Circular No. 86/2002-Custom Duty (12/12/2002)

All the Chief Commissioner of Customs are requested to issue necessary instructions to the concerned assessing officers in their jurisdiction to strictly follow the above said instructions and difficulties, if any, may be brought to the notice of the Board immediately...

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Circular No. 681/72/2002-Central Excise, Dated: 12.12.2002

Circular No. 681/72/2002-Central Excise (12/12/2002)

Circular No. 681/72/2002-CX The appeal filed by the Board against CEGAT Judgement in the case of M/s.Mahindra & Mahindra Ltd. [1998 (103) ELT 606 (T)] alongwith similar matters in the case of M/s.Hindustan Motors Ltd. [1998 (101) ELT 198 (T)] and M/s.Escorts Tractors Ltd. [1999 (078) ECR 342 (T)] have been dismissed by the apex court on ...

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SC decision in the case of GMMCO in the context of Related Party Transaction- reg

Circular No. 85/2002-Custom Duty (11/12/2002)

Here in the present matter, it is an admitted fact that the order of the Supreme Court is not a speaking one, as such, the same cannot be said to be a reasoned order. So, in view of the ratio of the judgments...

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Revision of All Industry Rates of Drawback in respect of a few entries of the Drawback Table 2002-2003 – reg

Circular No. 84/2002-Custom Duty (10/12/2002)

Accordingly, a notification bearing No.80/2002-Cus, dated 10th December,2002 has been issued in this regard. A copy of the same is enclosed for ready reference. The said Notification will be effective from 10th December, 2002. ...

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Notification No. 139/2002-Customs, dated: 10.12.2002

Notification No. 139/2002-Customs (10/12/2002)

In exercise of powers conferred by Sub-section (2) of Section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rule 13 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government hereby rescinds the notifica...

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Imposes definitive anti-dumping duty, on all imports of CFL

Notification No. 138/2002-Customs (10/12/2002)

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

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Notification No. 137/2002-Customs, dated: 10.12.2002

Notification No. 137/2002-Customs (10/12/2002)

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 makes the following further amendments in the notification of the Government of India, in the erstwhile Ministry of Finance (Depa...

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Notification No. 384/2002-Income Tax Dated 10/12/2002

Notification No. 384/2002-Income Tax (10/12/2002)

Notification No. 384-Income Tax In exercise of the powers conferred by clause (ii) of subsection (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the bonds in the nature of debentures, detailed below, issued by the "Industrial Credit and Investment Corporation of India limited, Mumbai," ...

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Notification No. 382/2002-Income Tax Dated 10/12/2002

Notification No. 382/2002-Income Tax (10/12/2002)

Notification No. 382-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961) the Central Government hereby specifies the bonds in the nature of debentures, detailed below, issued by the "Industrial Credit and Investment Corporation of India Limited, Mumbai," ...

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Notification No. 381/2002-Income Tax Dated 10/12/2002

Notification No. 381/2002-Income Tax (10/12/2002)

Notification No. 381-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the bonds in the nature of debentures, detailed below, issued by the "Industrial Credit and Investment Corporation of India Limited, Mumbai" ...

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Notification No. 385/2002-Income Tax Dated 10/12/2002

Notification No. 385/2002-Income Tax (10/12/2002)

Notification No. 385-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L- of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the bonds in the nature of debentures, detailed below, issued by the "Industrial Credit and Investment Corporation of India Limited, Mumbai,...

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Notification No. 380/2002-Income Tax Dated 10/12/2002

Notification No. 380/2002-Income Tax (10/12/2002)

Notification No. 380-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the bonds in the nature of debentures, detailed below, issued by the "Industrial Credit and Investment Corporation of India Limited, Mumbai,"...

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Notification No. 383/2002-Income Tax Dated 10/12/2002

Notification No. 383/2002-Income Tax (10/12/2002)

Notification No. 383-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income,-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the bonds in the nature of debentures, detailed below, issued by the "Industrial Credit and Investment Corporation of India Limited, Munibai...

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Notification No. 379/2002-Income Tax Dated 10/12/2002

Notification No. 379/2002-Income Tax (10/12/2002)

Notification No. 379-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 "9.50% Tax Free Bonds" bearing distinctive numbers from 1 to 24000, of rupees one lakh each, issued by National Textile Corporatio...

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Notification No. 386/2002-Income Tax Dated 10/12/2002

Notification No. 386/2002-Income Tax (10/12/2002)

Notification No. 386-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the bonds in the nature of debentures, detailed below, issued by the "Industrial Credit and Investment Corporation of India limited, Mumbai,"...

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Notification No. 80/2002-Customs (N.T.), dated: 10.12.2002

Notification No. 80/2002-Customs (N.T.) (10/12/2002)

In exercise of the powers conferred by rule 3, read with rule 4 of the Customs and Central Excise Duties Drawback Rules, 1995 (hereinafter referred to as the said rules), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the notificatio...

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Notification No. 79/2002-Customs (N.T.), dated: 10.12.2002

Notification No. 79/2002-Customs (N.T.) (10/12/2002)

The Principal notification was published in the Gazette of India, Extraordinary, vide notification No. 36/2001- CUS (N.T.), dated, the 3rd August, 2001 [ S.O. 748 (E), dated, the 3rd August, 2001 ] and was last amended vide notification no. 76/2002-Cus. (N.T.), dated the 3rd December, 2002....

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Notification amends Notification No 52/2000-Central Excise, dated 19th October, 2000

Notification No. 59/2002-Central Excise (10/12/2002)

Provided that no duty shall be levied on the said goods if such clearance is against Advance License or special duty free entitlement as per the provision of Export and Import Policy or to other Special Economic Zone or Export Oriented Undertaking or Export Processing Zone or Electronic Hardware Technology Park or Software Technology Park...

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Circular No. 680/71/2002-Central Excise, Dated: 10.12.2002

Circular No. 680/71/2002-Central Excise (10/12/2002)

Circular No. 680/71/2002-CX I am directed to state that clarifications have been sought from the field formation on whether woven textile fabrics manufactured by a composite mill or a manufacturer engaged in the processing of fabrics along with weaving of fabrics within the same factory would attract an aggregate excise duty of 12% ad va...

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SEBI : (Underwriters)(Amendment) Regulations 2002

Notification No. S.O No. 1291(E) (10/12/2002)

1. The Securities and Exchange Board of India (Underwriters) Regulations, 1993, the Principal Regulations were published in the Gazette of India on October 8, 1993 vide No. LE/10(E). 2. The Securities and Exchange Board of India (Underwriters) Regulations, 1993 was subsequently amended...

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CIT Vs. Sunil J. Kinariwala (Supreme Court of India)

CIT Vs. Sunil J. Kinariwala (Supreme Court of India)

CIT Vs. Sunil J. Kinariwala (Supreme Court of India); Appeal (civil) 1899 of 2002; Dated: 10/12/2002 When a third person becomes entitled to receive the amount under an obligation of an assessee even before he could lay a claim to receive it as his income, there would be a diversion of income by overriding title; […]...

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Notification No. 136/2002-Customs, dated: 09.12.2002

Notification No. 136/2002-Customs (09/12/2002)

In exercise of the powers conferred by sub-section (1) of the 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 makes the following further amendments in the notification of the Government of India in the erstwhile Ministry of Finance (Dep...

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Notification No. 135/2002-Customs, dated: 09.12.2002

Notification No. 135/2002-Customs (09/12/2002)

In exercise of powers conferred by sub-section (2) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rule 13 and rule 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for determination of Injury) Rules, 1995, the Central Government hereby rescinds the notif...

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Notification No. 364/2002-Income Tax Dated 9/12/2002

Notification No. 364/2002-Income Tax (09/12/2002)

Notification No. 364-Income Tax It is notified for general information that enterprise/industrial undertaking, 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 an...

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SEBI : Discontinuation of reports

Circular No. FITTC/CUST/23920/2002 (06/12/2002)

This has reference to the circulars issued by SEBI for reporting of FIIs trades/ investments in equity as well as debt through the local custodians by submission of floppies as well as hard copy....

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Public Notice No. 52 (RE-02)/2002-2007, Dated: 05.12.2002

Public Notice No. 52 (RE-02)/2002-2007 (05/12/2002)

In exercise of the powers conferred under Paragraph 2.4 of the Export and Import Policy 2002-2007, as amended, the Director General of Foreign Trade hereby makes the following amendments/deletions/corrections and additions in the Handbook of Procedures, Vol.2, 2002-2007, as amended....

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Imposes anti-dumping duty on all imports of Cold Rolled Flat Products

Notification No. 134/2002-Customs (05/12/2002)

The Designated Authority had considered it necessary to impose anti-dumping duty, provisionally, pending final determination, on all imports of said Cold Rolled Flat Products, originating in, or exported from, the European Union, Japan, Canada and the Unites States of America....

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Notification No. 78/2002-Customs (N.T.), dated: 05.12.2002

Notification No. 78/2002-Customs (N.T.) (05/12/2002)

The principal notification No. 16/2002-Customs (N.T.), dated the 7th March, 2002 was published in the Gazette of India Extraordinary Part II, Section 3, sub-section (i), dated the 7th March, 2002 under G.S.R. No. 172 (E) and was amended vide notification no. 37/2002-Cus. (N.T.), dated the13th June, 2002 published in the Gazette of India E...

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Notification No. 77/2002-Customs (N.T.), dated: 05.12.2002

Notification No. 77/2002-Customs (N.T.) (05/12/2002)

The principal notification No. 14/2002-Customs (N.T.), dated the 7th March, 2002 was published in the Gazette of India Extraordinary Part II, Section 3, sub-section (i), dated the 7th March, 2002 under G.S.R. No. 170 (E) and was amended vide notification No. 35/2002-Cus. (N.T.), dated the13th June, 2002, published in the Gazette of India ...

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Public Notice No. 51 /2002-07, Dated: 04.12.2002

Public Notice No. 51 /2002-07 (04/12/2002)

It has been decided to continue with the earlier policy provision of permitting regional licencing authorities to issue advance licence in respect of Petroleum and Petrochemical Products to be manufactured from crude oil upto a limit of a CIF value of Rs 500 crores. Hence paragraph 4.8 pertaining to the “Financial Powers” is deleted....

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Circular No. 679/70/2002-Central Excise, Dated: 04.12.2002

Circular No. 679/70/2002-Central Excise (04/12/2002)

Circular No. 679/70/2002-CX I am directed to refer to Board's Circular No. 378/11/98-CX dated 12.3.98 wherein it has been clarified that in situation where deferment of payment of Sales tax for particular period is allowed by State Government as incentive, Sales tax is deductible from the wholesale price for determination of assessable v...

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Circular No. 678/69/2002-Central Excise, Dated: 04.12.2002

Circular No. 678/69/2002-Central Excise (04/12/2002)

Circular No. 678/69/2002-CX I am directed to say that doubts have been raised regarding the classification and dutiability of "thrust bearing assembly" used in submersible power driven pumps. Some field officers have taken the stand that it is a 'bearing' falling under sub-heading 8483.90 whereas the assesses are contending that it is me...

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Classification of Plan Stearin. – Reg

Circular No. 81/2002-Custom Duty (03/12/2002)

I am directed to refer to the subject mentioned above and to say that a doubt has been raised as to whether palm stearine is classifiable under CTH 15.11 or 38.23 of the Customs Tariff. ...

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Notification No. 133/2002-Customs, dated: 03.12.2002

Notification No. 133/2002-Customs (03/12/2002)

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 makes the following further amendment in the notification of the Government of India in the erstwhile Ministry of Finance (Departme...

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Notification No. 361/2002-Income Tax Dated 3/12/2002

Notification No. 361/2002-Income Tax (03/12/2002)

Notification No. 361-Income Tax This notification shall take effect on and from the date of its publication in the Official Gazette. [F.No.187/11/2001-ITA-I]...

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Notification No. 362/2002-Income Tax Dated 3/12/2002

Notification No. 362/2002-Income Tax (03/12/2002)

Notification No. 362-Income Tax In the notification of the Government of India in the erstwhile Ministry of Finance bearing S.O. 657(E) dt. 21st June, 2002, published on the 31st June, 2002, in the Gazette of India, Extraordinary, Part-II, section 3, sub-section (ii) for "Housing Development Financial Corporation Limited" read "Housing De...

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Notification No. 360/2002-Income Tax Dated 3/12/2002

Notification No. 360/2002-Income Tax (03/12/2002)

Notification No. 360-Income Tax This notification shall take effect on and from the date of its publication in the Official Gazette. ...

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Notification amends Notification No 64/95-Central Excise, dated 16th March,1995

Notification No. 58/2002-Central Excise (03/12/2002)

The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 64/95-Central Excise, dated the 16th March,1995 [G.S.R. 256(E), dated the 16th March,1995] and was last amended by notification No. 25/2002-Central Excise, dated the 11th April, 2002[G.S.R. 276(E), dated the 11th April, 2002....

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Notification No. 76/2002-Customs (N.T.), dated: 03.12.2002

Notification No. 76/2002-Customs (N.T.) (03/12/2002)

The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 36/2001-CUS. (N.T.), dated, the 3rd August, 2001 [ S.O. 748 (E), dated, the 3rd August, 2001] and was last amended vide notification No. 73/2002- CUS.(N.T.), dated, 26th November, 2002....

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Notification No. 359/2002-Income Tax Dated 2/12/2002

Notification No. 359/2002-Income Tax (02/12/2002)

Notification No. 359-Income Tax In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961) the Central Government hereby specifies the "REC 54EC Capital Gains Tax Exemption Bonds" issued by the Rural Electrification Corporation Limited, New Delhi for the purposes of the said ...

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