It is further clarified that in respect of supplies made on or after 15.12.2004 to projects covered under para 8.6.1, the six months period allowed for claiming deemed export benefits as per the revised criteria will be counted from the last date of the month/quarter/half year in which the last payment is received or supplies made as per the option exercised by the supplier. It is also clarified that the facility of claiming benefits after the expiry of the last date for submission of applications with a late cut as per para 9.3 of Handbook will also be available.
FOB actually realized and date of realization of export proceeds are to be given in all cases except where consignment has been sent against confirmed irrevocable letter of credit or exports made against the Government of India/EXIM Bank Line of Credit or exports made under Deferred Payment/Suppliers Line of Credit Contract backed by ECGC Cover. An endorsement to that effect need to be endorsed in BRC.
In respect of supplies under paragraph 8.2(b) of the Policy, except Advance Licence for deemed exports and DFRC, the deemed export benefits may be claimed from the Development Commissioner or the Licensing Authority concerned.
Notification No. 4/2005 – Income Tax In exercise of powers conferred by the clause (23) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the “Karnataka State Billiards Association, Bangalore, Karnataka” for the purpose of the said sub-clause for the assessment year 2002-2003 subject to the following conditions, namely
14th January, 2005 Notification No. 01/2005- Service Tax In exercise of the powers conferred by sub-section (1), read with subsection (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules 1994, namely:. (1) These rules may be called […]
