The principal notification was published in the Gazette of India, Extraordinary, vide number G.S.R.118(E), dated the 1st March, 2002 and was last amended by notification No. 73/2007-Customs, dated the 21st May, 2007 which was published in the Gazette of India, Extraordinary vide number G.S.R.365(E), dated the 21st May, 2007.
1.Whether deduction for tax, duty etc. is allowable u/s. 43B of the Income Tax Act, 1961, on payment basis before incurring the liability to pay such amounts? The deduction for tax, duty etc. is allowable u/s. 43B of the Income Tax Act, 1961 on payment basis before incurring the liability to pay such amount. 2.Whether Modvat Credit available to the assessee as on the last day of the previous year amounts to payment of Central Excise duty u/s. 43B?
In the light of the position explained above, it is clarified that interest is chargeable on duty paid by way of debit in DEPB on goods cleared from the warehouse.The contents of this Circular may be brought to the notice of the field formations under your jurisdiction.
Units may opt for DTA sales on a quarterly, half yearly or annual basis by intimation to the concerned Development Commissioner of the SEZ. However,Premier Trading House(PTH) as defined in para 3.5.2 of Foreign Trade Policy(FTP) shall have the option to undertake DTA sales on monthly basis, as well.
In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs, Inland Container Depot, Tughlakabad.
In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Assistant Commissioner of Customs, Container Freight Station, Tirugmurgan Poondi, Ring Road, AVC School, Chettipalayam Village, Tirupur, and authorised him to exercise the powers and discharge the duties conferred or imposed on
for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to Ankit Javeri and Others, 348, Abdul Rehman Street, Jhaver House, 4th Floor, Mumbai 400 003 issued, vide, F.No. DRI/MZU/E/28/2006/2029 to 2035, dated the 15th March 2007, by the Joint Director, Directorate General of Renenue Intelligence, Mumbai Zonal Unit 13, Sir Vithaldas Thakersey Marg, Opposit Patkar Hall, New Marine Lines, Mumbai – 400 002.
for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s Krishna Trading Company, 604, 6th Floor, Centre Point, Ring Road, Surat and others issued, vide, F.No. DRI/AZU/INV-06/Krishna/2005, dated the 5th February, 2007, by the Additional Director General, Directorate General of Renenue Intelligence, Zonal Unit, Repen Bungalow, Jain Merchant Society, Near Mahalaxmi Cross Road, Paldi, Ahmedabad- 380007.
In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs (Imports), Jawaharlal Nehru Customs House, Nhava Sheva, Uran, District Raigad, Maharashtra, to act as officers specified in column (4) of the Table below in the matters relating to Show Cause Notices specified in the corresponding entries in columns (2) and (3) of the said Table, for the purposes of adjudication, namely.
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 (FTP), 2004-2009, as amended, the Central Government hereby makes the following amendments in FTP, 2004-2009 (Updated as on 19.4.2007).
