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Archive: 08 January 2004

Posts in 08 January 2004

Exempts all goods from levy of Special Additional Duty (SAD) of 4%

January 8, 2004 481 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), read with sub-section (4) of section 3A of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts all the goods covered in the First Schedule to the said Customs Tariff Act, from the whole of the special additional duty leviable under sub-section (1).

Reduces peak rate of Customs duty on all goods (other than agricultural commodities) from 25% to 20%

January 8, 2004 301 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Government of India in the erstwhile Ministry of Finance and Company Affairs (Department of Revenue) No. 27/2003-Customs dated the 1st March, 2003, published in Gazette of India, Extraordinary, Part II section 3, sub-section.

Notification No. 6/2004-Income Tax Dated 8/1/2004

January 8, 2004 322 Views 0 comment Print

Notification No. 6-Income Tax In exercise of the powers conferred by section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendments in the notification of the Government of India, Ministry of Finance, (Department of Revenue), Central Board of Direct Taxes, number S.O. 732(E) dated 3rd July, 2001

Notification No. 5/2004-Income Tax Dated 8/1/2004

January 8, 2004 307 Views 0 comment Print

Notification No. 5-Income Tax In exercise of the powers conferred by section 120 of the Income-tax Act, 1961(43 of 1961), the Central Board of Direct Taxes hereby makes the following amendments in the notification of the Government of India, Ministry of Finance, (Department of Revenue), Central Board of Direct Taxes, number S.O. 732(E) dated 3rd July, 2001

Notification No. 4/2004-Income Tax Dated 8/1/2004

January 8, 2004 142 Views 0 comment Print

Notification No. 4-Income Tax In exercise of the powers conferred by sub-section (2) of Section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby authorises the Chief Commissioner of Income-tax, Mumbai-IX, to issue orders, in writing, for exercise of powers and performance of functions under the Income-tax Act, 1961

Notification No. 3/2004-Income Tax Dated 8/1/2004

January 8, 2004 262 Views 0 comment Print

Notification No. 3-Income Tax In exercise of the powers conferred by section 120 of the Income tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance, (Department of Revenue), Central Board of Direct Taxes number S.O. 733(E) dated the 31st July, 2001 as amended from time to time

Admissibility of duty drawback to supplies effected by DTA Units to SEZ -reg

January 8, 2004 475 Views 0 comment Print

The instructions contained in Circular No.24/2003-Customs, dated 1.4.2003, concerning payment of duty drawback to the supplies from DTA Unit to the SEZ Unit, shall also become operative from the date when Chapter XA of the Customs Act, 1962 comes into effect.

Notifications No. 3/2004-Central Excise ; Dated : 08.01/.2004

January 8, 2004 3379 Views 0 comment Print

falling under the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), from whole of the duty of excise leviable thereon under the said First Schedule, subject to the condition that a certificate issued by the Collector/ Deputy Commissioner/ District Magistrate of the District in which the project is located, is produced to the Deputy Commissioner of Central Excise or the Assistant Commissioner of Central Excise, as the case may be, having jurisdiction, to the effect that such goods are cleared for the intended use specified above.

Notifications No. 2/2004-Central Excise ; Dated : 08.01.2004

January 8, 2004 352 Views 0 comment Print

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. 74/2003-Central Excise dated the 20th October, 2003 [G.S.R. 823(E) dated the 20th October, 2003

Reduces peak rate of Customs duty on all goods (other than agricultural commodities) from 25% to 20%

January 8, 2004 391 Views 0 comment Print

Extraordinary, Part II section 3, sub-section (i), dated the 1st March, 2003 [G.S.R. 162, dated the 1st March, 2003], the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods falling under the Chapter, heading, sub-heading or tariff item of the First Schedule to the Customs Tariff Act, 1975 ( 51 of 1975).

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