This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
The Central Board of Direct Taxes (CBDT) has come out with Circular No.8/2005, dated 29.8.2005, providing Explanatory Notes & clarifications in respect of the provisions of Fringe Benefit Tax(FBT), which have been newly introduced, vide Finance Act, 2005. In my earlier Article on ‘Fringe Benefit Tax – ambiguities explained and doubts resolved’ [published in 276 ITR (Jour.) page 1],
The importer produces to the Deputy Commissioner of Customs or the Assistant Commissioner of Customs, as the case may be, a certificate, from an officer not below the rank of a Deputy Secretary to the Government of India in the Ministry of Non-Conventional Energy Sources to the effect that the goods are required for initial setting up of a project for the generation of power using non-conventional materials, namely.
Notification No.197/2005 – Income Tax In exercise of the powers conferred under section 295 read with sub-clause(ii ) of clause (14) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely
In exercise of the powers conferred by sub-section(1) of section 11 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary so to do, for the maintenance of security of India, hereby absolutely prohibits import of the book entitled “The True Furqan”, sub-titled “The 21st Century Quran” published in the United States of America by Omega,2000 and Wine Press, including any extract there from, any reprint or translation thereof or any document reproducing any matter contained therein.
Notification No.196/2005 – 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 makes the following amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, Number S.O. 994(E) dated the 9th September, 2004, namely
I am directed to invite your attention to the Board’s Circular No. 61/2004-Cus. dated 28th October 2004 on the above subject. Para 2 (ii) of the said circular exempted the importer of Boric acid for identified non-insecticidal use from the requirement of registrations under the insecticidal Act 1968 on the basis of a certificate of end use issued by the concerned Administrative Ministry/Department of the Government of India.
Therefore, in exercise of the powers conferred by sub-section (1) of section 9A, read with the second proviso to sub-section (5) and sub-section (6) of that section of the said Customs Tariff Act and rule 23 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 109/2000-Customs, dated the18th August 2000,namely.
However in respect of the following inputs, the exporter shall be required to give declaration with regard to technical characteristics, quality and specifications in the application for advance licence for annual requirement and in the shipping bills. The licensing authority while issuing the licence shall mention the technical characteristics, quality and specifications in respect of such inputs.
In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy, 2004-09, the Director General of Foreign Trade hereby makes the following amendments in the Appendix 5 of the Handbook of Procedures.
