Notification No.100/2005 – Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.901(E) dated the 20th September, 2001, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 3, for Construction of building, purchase of library
Notification No.101/2005 – Income Tax S.O. (E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.308(E) dated the 11th May, 1999, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 5, for Blood component-purchase of
(E).- In Exercise of the powers conferred by sub-section (i ) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government on the recommendation of the National Committee, here by amends the Notification of Government of India, Ministry of Finance (Department of Revenue) S.O.97(E) dated the 11th February, 1999, to the following effect,
In exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government on the recommendations of the National Committee for Promotion of Social and Economic Welfare, hereby approves the institutions mentioned in column (2) of the Table below and specifies the eligible projects
Attention is invited to Para 3.2 of Handbook of Procedures Vol.I 2004-09, wherein the last date for filing of application for grant of Star Status Certificate has been prescribed as 1st of March. A number of representations have been received in Hqrs as well as by Regional Licensing Authorities requesting for extending the last date for submission of such applications for obtaining the Status Certificate for the period 2004-05.
I am directed to refer to Circular No. 784/17/2004-CX dated 30.04.2004 on the above subject which directed the field formations to keep show cause notices pertaining to above issue pending until the department’s SLP was finally decided by the Hon’ble Supreme Court
The undersigned is directed to invite attention to Board’s Circular No.58/2004-Cus. dated 21.10.2004 on the above subject and to say that a doubt has been raised as to whether a Surety is to be furnished alongwith Bond in the case of imports by Star Export Houses, Public Sector Undertakings etc. {vide para 3.1(a) to (e)} under Advance Licence and EPCG Schemes. It has been represented that since established exporters, Star Export Houses and Public Sector Undertakings have large volume of imports under Advance Licence and EPCG Schemes, it becomes difficult for them in arranging Sureties by another firm or person for each & every import. Besides, it adds to transaction cost. It has, therefore, been requested that the requirement of Surety for execution of Bond under Advance Licence and EPCG Schemes should be dispensed with in the case of Star Export Houses, Public Sector Undertakings etc., as available earlier under Circular No.79/2003-Cus. dated 4.9.2003 (since superceded). The undersigned is directed to invite attention to Board’s Circular No.58/2004-Cus. dated 21.10.2004 on the above subject and to say that a doubt has been raised as to whether a Surety is to be furnished alongwith Bond in the case of imports by Star Export Houses, Public Sector Undertakings etc. {vide para 3.1(a) to (e)} under Advance Licence and EPCG Schemes. It has been represented that since established exporters, Star Export Houses and Public Sector Undertakings have large volume of imports under Advance Licence and EPCG Schemes, it becomes difficult for them in arranging Sureties by another firm or person for each & every import. Besides, it adds to transaction cost. It has, therefore, been requested that the requirement of Surety for execution of Bond under Advance Licence and EPCG Schemes should be dispensed with in the case of Star Export Houses, Public Sector Undertakings etc., as available earlier under Circular No.79/2003-Cus. dated 4.9.2003 (since superceded). The undersigned is directed to invite attention to Board’s Circular No.58/2004-Cus. dated 21.10.2004 on the above subject and to say that a doubt has been raised as to whether a Surety is to be furnished alongwith Bond in the case of imports by Star Export Houses, Public Sector Undertakings etc. {vide para 3.1(a) to (e)} under Advance Licence and EPCG Schemes. It has been represented that since established exporters, Star Export Houses and Public Sector Undertakings have large volume of imports under Advance Licence and EPCG Schemes, it becomes difficult for them in arranging Sureties by another firm or person for each & every import. Besides, it adds to transaction cost. It has, therefore, been requested that the requirement of Surety for execution of Bond under Advance Licence and EPCG Schemes should be dispensed with in the case of Star Export Houses, Public Sector Undertakings etc., as available earlier under Circular No.79/2003-Cus. dated 4.9.2003 (since superceded). The undersigned is directed to invite attention to Board’s Circular No.58/2004-Cus. dated 21.10.2004 on the above subject and to say that a doubt has been raised as to whether a Surety is to be furnished alongwith Bond in the case of imports by Star Export Houses, Public Sector Undertakings etc. {vide para 3.1(a) to (e)} under Advance Licence and EPCG Schemes. It has been represented that since established exporters, Star Export Houses and Public Sector Undertakings have large volume of imports under Advance Licence and EPCG Schemes, it becomes difficult for them in arranging Sureties by another firm or person for each & every import. Besides, it adds to transaction cost. It has, therefore, been requested that the requirement of Surety for execution of Bond under Advance Licence and EPCG Schemes should be dispensed with in the case of Star Export Houses, Public Sector Undertakings etc., as available earlier under Circular No.79/2003-Cus. dated 4.9.2003 (since superceded). The undersigned is directed to invite attention to Board’s Circular No.58/2004-Cus. dated 21.10.2004 on the above subject and to say that a doubt has been raised as to whether a Surety is to be furnished alongwith Bond in the case of imports by Star Export Houses, Public Sector Undertakings etc. {vide para 3.1(a) to (e)} under Advance Licence and EPCG Schemes. It has been represented that since established exporters, Star Export Houses and Public Sector Undertakings have large volume of imports under Advance Licence and EPCG Schemes, it becomes difficult for them in arranging Sureties by another firm or person for each & every import. Besides, it adds to transaction cost. It has, therefore, been requested that the requirement of Surety for execution of Bond under Advance Licence and EPCG Schemes should be dispensed with in the case of Star Export Houses, Public Sector Undertakings etc., as available earlier under Circular No.79/2003-Cus. dated 4.9.2003 (since superceded). The undersigned is directed to invite attention to Board’s Circular No.58/2004-Cus. dated 21.10.2004 on the above subject and to say that a doubt has been raised as to whether a Surety is to be furnished alongwith Bond in the case of imports by Star Export Houses, Public Sector Undertakings etc. {vide para 3.1(a) to (e)} under Advance Licence and EPCG Schemes. It has been represented that since established exporters, Star Export Houses and Public Sector Undertakings have large volume of imports under Advance Licence and EPCG Schemes, it becomes difficult for them in arranging Sureties by another firm or person for each & every import. Besides, it adds to transaction cost. It has, therefore, been requested that the requirement of Surety for execution of Bond under Advance Licence and EPCG Schemes should be dispensed with in the case of Star Export Houses, Public Sector Undertakings etc., as available earlier under Circular No.79/2003-Cus. dated 4.9.2003 (since superceded).
This entry is valid for 6 months w.e.f date of issue of this Public Notice or the date of withdrawal of DEPB scheme (in case the scheme is withdrawn), whichever is earlier. Further the entry is valid for the exports effected by M/s. Sun Pharmaceutical Industries Ltd., Mumbai only.
Therefore, in exercise of the powers conferred by sub-section (1), read with sub-section (5) of section 9A of the said Customs Tariff Act, and rules 18 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995.
I am directed to invite your attention to the above subject and to say that a doubt has been raised as to whether the All Industry Rate of duty drawback is to be denied / reduced on export goods using inputs some of which are non-duty paid. It has been represented that the All Industry Rate of duty drawback is sought to be denied / reduced on floor coverings and made ups on the ground that a part of yarn used has not suffered any duty.
