I am directed to refer the Circular No.122/95-Cus dated 28.11.95, on the subject of issue of Show Cause Notice to EOUs/EPZ in cases involving scope of notification etc.
The assessee filed the return showing the taxable income of Rs. 33,570 on December 31, 1993. During the previous year relevant to the assessment year 1993-94, the assessee sold residential property for Rs. 60. lakhs. It was jointly owned by the assessee and Mrs. Prema P. Shah. It was purchased for Rs. 14.00 lakhs on March 29, 1983, and sold on April 4, 1992, for the aforementioned price.
In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Paragraph 2.1 and 2.29 of the Foreign Trade Policy, 2004-2009 as amended from time to time, the Central Government hereby makes the following amendments in the Schedule 2 of ITC(HS) Classification of Export and Import items, 2004-2009.
In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the CENVAT Credit Rules, 2004
bring the provisions of this circular to the notice of the DPs of the Depositories and the issuers whose securities have been admitted into the depositories and also to disseminate the same on the website;
Notification No.17/2005 – Income Tax It is notified for general information that approval to the enterprise/undertaking, listed at para (3) below has been renewed by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962 with effect from the Assessment Year 2005-06 to Assessment Year 2020-2021 (upto 08.11.2019) i.e. for a period of 17 years
Notification No.16/2005 – Income Tax It is hereby notified for general information that the organisation mentioned below has been approved by the Central Government for the period mentioned below, for the purpose of clause (iii) of sub-section (1) of section 35 of the Income tax Act, 1961, read with Rule 6 of the Income Tax Rules, 1962 under the category “Institution” subject to the following conditions:-
Notification No.15/2005 – Income Tax It is hereby notified for general information that the organisation mentioned below has been approved -by the Central Government for the period mentioned below, for the purpose of clause (iii) of sub-section (1) of section 35 of the-Income tax Act, 1961, read with Rule 6 of the Income Tax
Whereas on the basis of the aforesaid findings of the designated authority, the Central Government had imposed an anti-dumping duty vide notification of the Government of India in the erstwhile Ministry of Finance and Company Affairs (Department of Revenue), No. 63/2003-Customs, dated the 2nd April, 2003 published in Part II, Section 3, Sub-section (i) of the Gazette of India, Extraordinary, dated the 2nd April, 2003 [G.S.R. 297(E), dated the 2nd April, 2003].
Whereas in the matter of import of Hexa Methylene Tetramine, commonly known as Hexamine, falling under sub-heading 2921 29 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in or exported from Iran, the designated authority vide its preliminary findings notification No.14/35/2002-DGAD dated the 23rd December, 2002.
