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Attention is invited to the Board’s Circular issued vide F.No. 467/79/2005-Cus.V, dated 12.01.2006 [Circular No.05/2006] on the above subject, wherein, it was conveyed that all pending provisional assessments in respect of importation prior to 02.03.2001 may be finalised by not including ship demurrage charges in the assessable value in the light of the Hon’ble Supreme Court judgement in the case of M/s. Indian Oil Corporation [2004 (165).
Notification No. 277-Income Tax (a) directs that the Commissioner of Income-tax specified in column (2) of the Schedule hereto annexed, having his headquarter at the place specified in the corresponding entry in column (3) of the said Schedule, shall exercise the powers conferred upon him under the Income-tax Act, 1961 (43 of 1961), including the powers under Chapter XVII-B and XVII-BB of the said Act, and
Notification No. 276-Income Tax In exercise of the powers conferred by section 118 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby directs that the income tax authority specified in Column (3) of the Schedule below, shall be subordinate to the income-tax authority specified in column (2) of the said Schedule.
Notification No.275-Income Tax In exercise of the powers conferred by sub-section (1) of section 117 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby appoints the officer(s) specified in Column (2) of the Schedule below to be the income-tax authority as specified in column (3) having their headquarters at the place(s) specified in column (4) of the said Schedule, for such jurisdiction
Notification No. 274-Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby directs that Chief Commissioner(s) specified in column (2) of the Schedule below, having his headquarter at the place specified in the corresponding entries in column [3} of the said Schedule, shall exercise the powers
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.93/2006-NT-Customs, dated the 28th August, 2006 [S.O.1363(E), dated the 28th August, 2006].
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.92/2006-NT-Customs, dated the 28th August, 2006.
Subsequent to the issue of above-referred SEBI Circulars, market participants have made further representations and suggestions and sought clarifications on the various issues from SEBI.
In the statement of Standard Input Output Norms as contained in the Handbook of Procedures, (Vol.2) 2004-2009, the amendments/ deletions/ corrections/ additions are made at appropriate places as mentioned in Annexure “A” to this Public Notice.
