An application for grant of credit under DEPB may be made to the licensing authority concerned in the form given in Appendix-11C alongwith the documents prescribed therein. The provisions of paragraph 7.2 shall be applicable for DEPB also. The FOB value in free foreign exchange shall be converted into Indian rupees as per the authorised dealer’s T/T buying rate, prevalent on the date of negotiation/ purchase/collection of document. The DEPB rate of credit shall be applied on the FOB value so arrived.
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 amendment in the notification of the Government of India in the Ministry of Finance ( Department of Revenue), No. 16/2000-Customs dated the 1st March, 2000.
WHEREAS in the matter of import of Hydroxyl Amine Sulphate falling under sub-heading No. 2825.10 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from the United States of America, Japan and European Union, the designated authority vide its preliminary findings, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 4th August, 2000.
In exercise of powers conferred sub-section (4) of section 3A of the Customs Tariff Act, 1975 (51 of 1975) read with 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 amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.37/96-Customs, dated the 23rd July, 1996.
Circular No 551/47/2000-CX I am directed to refer to instructions issued by the Board under Circular No.491/57/99- CX (F.N0.206/10/99-CX.6) dated 28th October, 1999 regarding implementation of Excise Audit-2000 and other subsequent instructions issued thereafter by Circular No.514/10/2000-CX dated 16th February, 2000 and by D.O. of Member, Central Excise of even number dated 19th July, 2000 and to say that initially it was decided that for the first six months,
In exercise of the powers conferred by sub-section (2) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rule 13 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.70/2000-Customs, dated the 19th May,2000.
Therefore, in exercise of the powers conferred by sub-section (1) of section 9A of the Customs Tariff Act, read with sub-section (5) of the said section 9A and rules 18 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995.
Notification No. 11525-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
Attention is invited to paragraph 7.25 of Handbook (Vol.1) which contain the procedural requirements for fulfillment of export obligation by an Advance Licence holder. Certain instances have come to the notice of this office where RLAs have refused to count exports made by the Advance Licence holder in discharge of export obligation against the licence on the ground that the exportable product does not exactly match with the description of export product indicated on the licence due to change in size of packaging etc.
Notification No. 11521-Income Tax In exercise of the powers conferred by clause (b) of item (i) of Explanation 2 of section 10A, clause (b) of item (i) of Explanation 2 of section 10B and clause (b) of Explanation to section 80HHE of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following Information Technology enabled products or services, as the case may be, for the purpose of said clauses
