Whereas the Central Government is satisfied that according to a practice that was generally prevalent regarding levy of duty of excise (including non-levy thereof) under section 3 of the Central Excise Act, 1944 ( 1 of 1944 ) (hereinafter referred to as the said Act), the duty of excise on “Cocoa beans, whole or broken, raw or roasted” and “Cocoa shells, husks, skins and other cocoa waste”, falling under Chapter 18 of the First Schedule to the Central Excise Tariff Act, 1985
Notification No. 16 (RE-2005)/2004-09 revises the import policy for certain items, including fruit seeds and other items, subject to conditions at Licensing Note (4).
Public Notice No. 32 (RE-2005)/2004-09 updates the Standard Input Output Norms, adding new entries and correcting export-import quantities, including chemicals and engineering products.
Public Notice 33/2005 updates the Handbook of Procedures with additions of Humber Inspection and Interglobe Marine Consultants, along with a correction to Para 2.32.
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 supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.52/2005-NT-Customs, dated the 27th June, 2005 [S.O.888(E), dated the 27th June, 2005], the Board hereby determines for the purposes of said section relating to export goods, that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II appended hereto into Indian currency or vice versa shall, with effect from the 1st August, 2005.
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 supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.51/2005-NT-Customs, dated the 27th June, 2005 [S.O.887 (E) dated the 27th June, 2005], the Board hereby determines for the purposes of said section, relating to imported goods, that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II appended hereto into Indian currency or vice versa shall, with effect from the 1st August, 2005.
While Directorate of Systems and Data Management is developing a module for automatic matching of imported and export containers within permissible time, the process of monitoring of period of temporary importation should be done manually in respective Customs houses till such time. The extension of time period of six months should be done in accordance with the Circular No. 83/98-Cus., dated 5-11-1998.
It has come to the knowledge of the Board that different types of bond with divergent practices are being followed by the field formations. The Board has considered the issue and it has been decided to adhere to a simple uniform procedure for clearance of temporary importation of containers.
Circular No. 6 of 2005-Income Tax The Finance Act, 2005 has, with effect from 1st June, 2005, introduced a new levy, namely, the Banking Cash Transaction Tax (BCTT) at the rate of 0.1 per cent on the following transactions
Notification No.186/2005 – Income Tax It is hereby notified for general information that the organization Schizophrenia Research Foundation (India), Plot R.7.A, North Main Road, Anna Nagar West Extension, Chennai – 600101 has been approved by the Central Government for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962
