In the Companies (Central Governments) General Rules and Forms, 1956, in the Annexure A
Anti-dumping on import of bias tyres, tubes and flaps NOTIFICATION No.88/2007-CUSTOMS- Dated- 24th July, 2007 G.S.R. (E).- Whereas, in the matter of import of bias tyres, tubes and flaps (hereinafter referred to as the subject goods), falling under tariff items 4011 20 90, 4013 10 20 and 4012 90 49 of the First Schedule to […]
Form No. 16A (received from all the payers who have deducted tax): You will first have to get this form collected from the parties who have deducted tax while making payment to you during the year. This includes banks and companies (with whom you have kept fixed deposits), parties to whom you have given loan, tenant to whom you have rented your property
Where the file number could not be endorsed on the DFIA shipping bills, in such cases the Regional Authority shall make a specific endorsement in EODC or the transferability letter so that the customs authorities at the Port of Registration can verify the details of the shipping bills from their records before allowing imports against such DFIAs.
Which have already been imported under Actual User DFIA and are sought to be transferred after fulfillment of E.O. DFIA holder shall deposit additional customs duty / excise duty alongwith applicable interest as per Customs Notification in relevant Head of Account of Customs Revenue i.e., “Major Head 0037 – Customs and Minor Head 001 – Import Duties” in prescribed T.R. Challan and furnish a documentary evidence to RA alongwith the application for endorsement of transferability.
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-2009, the Director General of Foreign Trade hereby makes the following amendment in Appendix 19-A – Subtitled ‘Form of Application for Registration Cum Membership (RCMC) with Export Promotion Councils.
Status holder or a PSU may also submit Corporate Guarantee in lieu of Bank Guarantee/LUT in terms of the provisions of relevant Customs Circular in this regard. In case of a group company, if one company of a Group is a status holder, Corporate Guarantee may be given for another company by this company, which is not a status holder.
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.
