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Archive: March, 2004

Posts in March, 2004

Circular No. 779/12/2004-CX Dated 11/3/2004

March 11, 2004 616 Views 0 comment Print

Authority for Advance Rulings (Customs & Central Excise) rejected the application filed by M/s.Shonkh Technologies International Ltd., NIRMAL seeking advance ruling as to whether the process proposed to be undertaken by the applicant company amounts to manufacture under Section 2(f) of the Central Excise Act, 1944 or not, at the stage of preliminary hearing itself.

Notification No. 84/2004, Dated : 11.03.2004

March 11, 2004 439 Views 0 comment Print

this notification will not apply in relation to any Income being profits and gains of business unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business

Circular No. 778/11/2004-CX Dated 11/3/2004

March 11, 2004 628 Views 0 comment Print

I am directed to refer to para 87 of Manual of Departmental Instructions on Petroleum products in which, inter-alia, it has been stated that for measurement of Mineral Oil by volume, the volume reduction factor may be obtained by using table No. 54 of ASTM/IP with reference to Tank temperature and the density at 15 C as obtained from table No. 53 of ASTM/IP. In this connection

Notification No. 83/2004-Income Tax, Dated : 11.03.2004

March 11, 2004 385 Views 0 comment Print

this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business

Public Notice No. 56 (RE-03)/2002-2007, Dated: 10.03.2004

March 10, 2004 361 Views 0 comment Print

DGFT updates Public Notice 54 (2004), revising serial numbers for engineering products under Export-Import Policy 2002-2007. Changes effective immediately.

Notification No. 79/2004, Dated : 10.03.2004

March 10, 2004 373 Views 0 comment Print

this notification will not apply in relation to any income being profits and gains of business, unless the business is Incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business

Notification No. 78/2004 , 10.03.2004

March 10, 2004 436 Views 0 comment Print

this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment oft the objectives of the assessee and separate books of accounts are maintained in respect of such business

Notification No. 77/2004, Dated : 10.03.2004

March 10, 2004 358 Views 0 comment Print

this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business

SEBI (Criteria For Fit And Proper Person) Regulations, 2004 [since repealed w.e.f May 26, 2008]

March 10, 2004 1490 Views 0 comment Print

The provisions of the Securities and Exchange Board of India (Criteria for Fit and Proper Person) Regulations, 2004 shall, as for as may be, apply to all applicants or the venture capital funds under these Regulations

Circular No. 77/07/2004-ST dated 10.03.2004

March 10, 2004 654 Views 0 comment Print

An issue has been raised seeking clarification on the ambiguity in the provisions of Rule 3(5) of the Service Tax Credit Rules, 2002 which reads that ‘in case the service provider, opts not to maintain separate accounts of input service meant for consumption in relation to rendering of such output service which are chargeable to service tax as well as exempted services or non-taxable services, he shall be allowed to utilize service tax credit for payment of service tax on any output service only to the extent of an amount not exceeding thirty five percent of the amount of service tax payable on such output service

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