Notification No. 99-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
These instructions may be brought to the notice of all concerned by way of issue of Public Notices etc. Any difficulty faced in implementation of instructions may be brought to the notice of the Board.
Declaration of NABARD as a Public Financial Institution under section 4A of the Companies Act, 1956
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notifications of the Government of India in the Ministry of Finance (Department of Revenue) specified in column (2) of the Table below in the corresponding manner as specified in column (3) of the said Table, namely.
In exercise of the powers conferred by sub-clause (a) of sub-section (3) of Section 14 of the Customs Act, 1962 (52 of 1962) and in supercession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.21/2002-NT-Customs, [S.O.330(E)] dated the 22nd March, 2002 the Central Government hereby determines for the purposes of said section in so far as these relate to export goods, that the rate of exchange of conversion of each of the foreign currency specified in the column (2) of Schedule I and Schedule II appended hereto into Indian Currency or vice versa shall, with effect from the 1st May, 2002.
In exercise of the powers conferred by sub-section (2) of section 20 of the Indian Stamp Act 1899 (2 of 1899) and sub-clause (i) of clause (a) of sub-section (3) of Section 14 of Customs Act, 1962 (52 of 1962) and in supercession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.20/2002-NT-Customs, [S.O.329(E)] dated the 22nd March, 2002 the Central Government hereby.
Applications not accompanied by the above mentioned statements duly certified by the stock Exchange shall be returned to the Exchange for resubmission with necessary statements/ details.
Notification No. 98-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies REC Infrastructure Bonds in the nature of debentures bearing distinctive numbers from Serial No. 0000001 to 2000000, of Rs.5,000
Difficulties, if any, faced in the implementation of above instructions may be brought to the notice of the Board. Kindly acknowledge receipt.
Circular No.636/27/2002-CX The problem of accountal of petroleum products resulting from intermingling of different products pumped through pipelines has been engaging the attention of the Board for quite some time. In a recent case, one of the oil companies has represented against the differential duty demanded by the Department on account of shortage of Superior Kerosene Oil (SKO) imported under concessional rate of duty.
