In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2004-09, the Director General of Foreign Trade hereby announces the All Industry Rate of Drawback of Rs. 1160/- per MT for both HSD and Furnace Oil, supplied by Domestic Oil Companies under various Schemes as contained in Chapters 4,6 and 8 of the Foreign Trade Policy, with immediate effect and until further orders.
The principal notification number 14/2002-Customs (N.T.), dated the 7th March, 2002 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), dated the 7th March, 2002 vide number G.S.R. 170 (E) and last amended vide notification No. 03/2004-Customs (N.T.), dated, the 5th January, 2004, published in the Gazette of India Extraordinary, Part II, Section 3, Sub-Section (i), dated, the 5th January, 2004, vide number.
In exercise of the powers conferred by clause (aa) of sub-section (1) read with sub-section (2) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.12/97-Customs (N.T.), dated the 2nd April, 1997, namely.
Based on recommendation of EPCH, it has been decided to adopt existing practice for certification of Handicraft / Artware by EPCH etc. if referred by Customs, for distinguishing Artistic work/nature of Artistic Wooden Furniture items listed for benefits under the scheme. In view of this, for the purpose of grant of benefits under VKGUY scheme, exporters shall be required to get the invoices duly certified/authenticated by EPCH / AIHBs (All India Handicraft Boards) / State Handicraft Boards / Handloom & Handicraft Export Corporation / State Emporiums (of State Governments).
This notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of account are maintained in respect of such business
Notification No. 224 – Income Tax ln exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961), and in suppression of the notification of the Government of India, Central Board of Direct Taxes vide S.O.882(E) dated 14.9.2001 and its subsequent modifications, and in partial suppression of the notification S.O.732(E) dated 3rd July, 2001, in so far as they relate to
Notification No. 223 – Income Tax In exercise of the powers conferred by section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following further amendment to the Notification of the Government of India, Ministry of Finance, (Department of Revenue), Central Board of Direct Taxes, number S.O. 733(E) dated the 31st July, 2001, namely
