Make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision immediately.
Notification 7/2004-Central Excise exempts unprocessed fabrics from excise duties when subjected to job work and sent back to the manufacturer.
Central Excise Notification No. 6/2004 exempts specified fabrics and yarn clearances from excise duties under certain conditions. Issued on 19th January 2004.
The principal notification No.6/2002-Central Excise dated the 1st March, 2002 was published in the Gazette of India, Extraordinary vide G.S.R. 127(E) dated the 1st March, 2002 and was last amended by notification No. 4/2004-Central Excise dated the 15th January, 2004 [G.S.R. 45(E) dated the 15th January, 2004
The Principal rules were published in the Gazette of India vide notification No.51/88-Cus.(NT), dated the 18th July, 1988 [GSR 800(E), dated 18th July, 1988] and last amended by Notification No.41/2001-Cus. (N.T.), dated 7.9.2001 [ GSR 652 (E), dated 7.09.2001].
In exercise of the powers conferred by sub-section (1) of and sub-section (2) of section 4A of the Central Excise Act, 1944 (1 of 1944), the Central Government being satisfied that it is necessary in the public interest so to do
Notification No. 21-Income Tax It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved 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, for the assessment years 2002-2003, 2003-2004 and 2004-2005.
I am directed to say that clarification has been sought regarding the time limit for exercising the option in writing for availing of the exemption under notification no. 49/2003-CE dated 10.06.2003 and notification no. 50/2003-CE dated 10.06.2003 as amended vide Notification No. 76/2003-CE dated 5.11.2003.
The principal notification No.21/2002-Customs dated the dated the 1st March, 2002, was published in the Gazette of India, Extraordinary, vide G.S.R.118 (E), dated the 1st March, 2002,and was last amended by notification No.18/2004-Customs, dated the 12th January, 2004 [G.S.R. 20 (E), dated the 12th January, 2004].
Recently the Central Board of Excise and Customs issued a circular, Circular No. 4/2004 dt. 16-01-2004 [2004 (163) ELT T29], saying that conversion of Shipping Bills from free Shipping Bill to drawback Shipping Bill or from one export incentive scheme to other should not be encouraged. The said circular imposes conditions which have made it almost impossible to attain such conversion. In this context, the present paper seeks to examine the relevant legal provision for such conversion under the Customs Act, 1962, and propriety and legality of such circular.
