The enforcement of Section 80 of the Companies (Amendment) Act, 2000 – Postal Ballot – from 15.6.2001 – regarding.
Representations/references are regularly being received from Trade, seeking clarification whether a particular item is covered under the ambit of appendix V to the notification no. 44 (list of 133 products). Clarification to the trade and to the customs authorities have been issued by this office based on the technical comments received from Bureau of Indian Standards (BIS).
In view of the above decision of the CEGAT, it is clear that where the importer does not fulfil the conditions stipulated in an Excise notification, he cannot claim benefit of the same for CVD purposes. Accordingly, it is clarified that the imported goods will not be eligible for the benefit of conditional Central Excise notification when it is not possible to verify the conditions stipulated in the notification. Thus, in the example cited above, candles imported into India
Notification No.S.O.1886 – 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 2001-2002 and 2002-2003
Notification No.S.O.1885 – 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 2001-2002, 2002-2003 and 2003-2004
Notification No.S.O.1884 – 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 2001-2002, 2002-2003 and 2003-2004
In addition to testing of food items under the PFA Act, 1954, these items shall also be subject to examination/testing to ensure compliance of the requirements of other Acts, regulations, and orders such as Meat Food Products Order, 1973, Plants, Fruits and Seeds (Regulation of Import into India) Order, 1989, the Livestock Act etc. for the time being in force if these are also covered by these Acts/orders, before these are allowed clearance into the country.
As success of such joint monitoring would depend upon the groundwork done by concerned Commissioner of Customs / Central Excise before hand, it may kindly be ensured that our officers participate in such meeting with upto date information along with brief details of any misuse by the units concerned. Such meetings may be taken seriously and a report on the meeting may also be submitted to the Board within 7 days. Any suggestions to make this system of joint monitoring more effective are welcome and may be forwarded to the Board.
S.O. 523(E).- In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2000 (53 of 2000), the Central Government hereby appoints the 15th day of June, 2001 as the date on which the provisions of section 80 of the said Act shall come into force.
Key amendments in the Export and Import Policy 1997-2002 focus on claim filing periods, export certifications, DEPB rates, and support for exporters.
