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The principal Notification No.39/96-Customs, dated the 23rd July, 1996 was published vide number G.S.R. 291 (E), dated the 23rd July, 1996 and was last amended by notification No.110/2006-Customs, dated the 20th October, 2006 vide number G.S.R. 657 (E) dated the 20th October, 2006.
Some doubts have been expressed as to whether parts falling under Chapters other than 87, when used within the factory of production for manufacture of goods of heading 8701 are eligible for the exemption under Notification No. 6/2002-CE dated 1.3.2002 (Sr. No. 296) and Notification No. 6/2006-CE dated 1.3.2006(Sr. No. 92).
Representations have been received in the Board that certain field formations are proposing to charge excise duty on agricultural tractors on the ground that besides agricultural work, these tractors are used for haulage of farm products, fertilizers, etc. thereby qualifying as “road tractors for semi-trailers” attracting Central Excise duty @ 16%. “Road tractors for semi-trailers” attract Central Excise duty at the rate of 16%, if the engine capacity is more than 1800 cc.
Circular No. 11/2006-Income Tax Reference is invited to Circular No.9/2005, dated 30-11-2005 wherein the rates of deduction of income-tax from the payment of income under the head “Salaries” under section 192 of the Income-tax Act, 1961, during the financial year 2005-06, were intimated. The present Circular contains the rates of deduction
Notification No. 341-Income Tax It is hereby notified for general information that the organization M/s P.S.G. College of Technology, Coimbatore has been approved by the Central Government for the purpose 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 for the period from 1-4-2001 to 31-3-2004 under the category ‘other Institution’
Notification No.340-Income Tax It is hereby notified for general information that the organization M/s Kelkar Education Trust, Mumbai has been approved by the Central Government for the purpose 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 for the period from 1-4-2004 to 31-3-2007 under the category ‘other Institution’ partly engaged
Notification No. 339-Income Tax It is hereby notified for general information that the organization Foundation for Revitalisation of Local Health Traditions, Bangalore has been approved by the Central Government for the purpose 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 for the period from 1-4-2006 to 31-3-2009
Notification No. 338-Income Tax In exercise of the powers conferred by clause (42) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies, – (a) the Secretariat of Indian Ocean Memorandum of Understanding on Port State Control, 38-A, Galliant, Bogmalo Road, Dabolim, Goa as the body;
Notification No. 337-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in the Ministry of Commerce and Industry (Department of Industrial Policy
Notification No. 336-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961(43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for industrial park, by the Notifications of the Government of India in the Ministry of Commerce and Industry (Department of Industrial Policy
