In the Notification of the Government of India, in the Ministry of Law, Justice and Company Affairs. (Department of Company Affairs) No. G.S.R. 737(E), dated 1-11-99 and published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i), for “Provided that where the deposits exceed the above limits.
Circular No. 783-Income Tax The Board by an order [ vide F.No. 400/234/95-IT(B)] dated 23-5-1996, indicated the class of income or class of cases in which reduction or waiver of interest under section 234A, B & C would be considered by the Chief Commissioner of Income-tax and Director General of Income-tax. Prior to
Some of the companies, whose scrips were included in the above list, could not sign agreement and establish connectivity with both the depositories well on time or are in the process of doing so. The effective date for compulsory trading in dematerialized form for these scrips would be announced at a later date.
Notification No. 11126/1999 – Income Tax In exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 36AC of the Income-tax Act, 1961 (43 of 1961), the Central Government on the recommendations of the National Committee, hereby approves the institutions mentioned in column (2) of the Table below and specifies the eligible projects or schemes and the estimated cost
The last paragraph of the circular with regard to export of onion against NOCs already issued on or before 31.5.99 shall be allowed for a period of 15 days up to 18th November, 1999 may be read as 19th November,99.
The consignments of imports and exports shall be cleared on the basis of the updated information collected through the above mechanism. In case the information furnished by the importer/ exporter does not match with the information available on the website, the Customs may not allow clearance on or after 1.1.2000.
In partial modification of the Policy Circular No. 41 dated 9.11.1999, it has been decided to allow shipments against 56 such NOCs issued during 4.11.1999 to 9.11.1999 for a quantity of 3039 MT of Bangalore Rose Onion. Exporters holding such NOCs shall be allowed to make shipments till 7.12.1999.
Circular No. 782-Income tax In view of the occurrence of unforeseen national calamities of immense magnitude like the Orissa Cyclone, employees of the Central Government, State Government, Public Sector Undertakings, Private Sector Companies and Corporations, and local authorities are making donations to the Prime
Circular No. 494/60/99-CX A reference is invited to CEGAT Final Order No. C-II/2999/98/WRB, dated 28-12-1998 passed by West Regional Bench, Mumbai in the case of Reliance Industries Ltd. v. Commissioner of Customs, Mumbai reported at 1999 (108) E.L.T. 236 (Tribunal). The brief issue involved in this case was whether Dowtherm Heat Transfer medium, required for heat transfer application in the plant can be treated as “material” for manufacture of the Polyester Staple Fibre / Polyester Filament yarn and entitled for duty exemption under Notification No. 116/88-Cus. dated 29/3/1988
Circular No. 493/59/99-CX-6 I am directed to say that Ministry of Finance, in consultation with the Ministry of Commerce, has decided that all persons dealing with various regulatory agencies, such as the Central Excise and Customs Department (including Service Tax Administration), Income tax Department, Offices of Director General of Foreign Trade etc. should be identified with reference to a common identification number.
