Notification No. S.O.100(E)-Income Tax In exercise of the power conferred under section 80-IA of the Income-tax Act, 1961, read with sub-rule (2) of rule 18C of the Income-tax Rules, 1962, the Central Government hereby makes the following scheme to develop, operate and maintain special economic zones for the period beginning on the 1st day of April, 2001, for the zones developed on or before 31st March, 2006.
The proposals received in this regard have been carefully examined by the Government, and pursuant to this examination, it has been decided to revise the examination norms keeping in view the quantum of incentive
Attention is invited to Government of India, Ministry of Finance (Department Of Revenue ), notification no. 17/2001-Customs dated 1st March, 2001, as amended vide notification no. 119/2001-Customs dated 16th November, 2001. As per these notifications, import of the four items viz., (1) Skimmed and whole milk powder, milk food for babies etc. (0402.10 or 0402.21) (2) Maize (corn), other(1005.90) (3) Crude sunflower seed or safflower oil or fractions thereof(1512.11) and (4) Refined rape, colza or mustard oil, other(1514.90) is allowed, upto the quantities as well as such concessional rates of customs duty as indicated therein.
As regards Special Certification requirement for special preferential raw cane sugar under European Commission Regulation No. 2513/2001, the following endorsements may be made in respect of preferential sugar export to EU from India.
It has been decided to allocate a quantity of 8500MTs (Eight Thousand Five Hundred MTs ) of Raw Sugar out of free sale portion of 2001-2002 (October 1, 2001 to Septpember, 2002) season’s production for export to USA as a Preferential Raw Cane Sugar Tariff Rate Quota for the fiscal year 2002 and place the same at the disposal of the Indian Sugar Exim Corporation Ltd.
DGFT issues a circular allowing exemption for importing textile samples not for human consumption, subject to specific conditions and limitations.
The principal notification No. 17/2001-Customs, dated the 1st March , 2001 was published in the Gazette of India, Extraordinary vide G.S.R. No. 116(E) dated the 1st March, 2001 and last amended by notification No. 135/2001- Customs dated the 31st December, 2001 vide G.S.R.No. 932 (E) dated 31 December , 2001.
The principal notification No.48/99-Customs, dated the 29th April, 1999 was published in the Gazette of India (Extraordinary), vide G.S.R. No.299(E), dated the 29th April, 1999 and it was last amended by Notification No.122/2001-Customs, dated the 3rd December, 2001 vide G.S.R. No.874 (E) dated the 3rd December, 2001.
The Government amends Export and Import Policy for companies with specific turnover to be recognized as Export House or Star Trading House.
The principal notification No. 91/2001-Customs, dated the 7th September, 2001 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 649 (E). dated the 7th September, 2001.
