It is clarified that 5% applicable customs duty on notional basis shall be charged before EPCG Authorisation is invalidated for direct import and EO shall be calculable at the reduced duty saved amount accordingly. These instructions will be implemented prospectively and shall be applicable in all such cases where Authorisations have to be issued henceforth or where Authorisation/licence has already been issued but invalidation has not been allowed so far.
In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation ) Act, 1992 read with paragraph 1.3 of the Foreign Trade Policy ,2004-2009, as amended from time to time, the Central Government hereby makes the following amendments in the Foreign Trade Policy.
Notification No. 194-Income Tax In exercise of the powers conferred by sub-clause (iv ) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that any income received by any person on behalf of “Gujarat Pollution Control Board, Paryavaran Bhavan, section-10A, Gandhinagar” (hereinafter referred to as the ‘institution’) shall not be included in the total
This notification is applicable only to the recipients of in come on behalf of the Institution and not any other receipt or income of such recipients. taxability, or, otherwise, of the income of the Institution would be separately considered as per the provisions of the Income-tax Act, 1961
This notification is applicable only to the recipients of income on behalf of the Institution and not to any other receipt or income of such recipients. Taxability, or, otherwise, of the income of the Institution would be separately considered as per the provisions of the Income-tax Act, 1961
