Notification No. 11123/1999 – 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 1999-2000, 2000-2001 and 2001-2002
Notification on a new committee for administering the Investor Education and Protection Fund under Companies Act, 1956, with members from various sectors.
Notification No.32 dated 4.11.99 has extended the time limit for export of Bangalore rose onion from 7.9.99 to 7.12.99. Shipments may be allowed against NOCs issued on or before 7.9.99 by KAPPEC till 7.12.99. Shipments may also be allowed for export of 2000 MT of Bangalore rose onion by M/s Karnataka State Co-operative Marketing Federation Limited against the NOCs already issued by KAPPEC on or before 7.9.99 within the overall ceiling of 10000MT allocated to KAPPEC vide Notification No.19 dated 8.7.99.
In exercise of the powers conferred under paragraph 4.11 of the Export and Import Policy, 1997-2002, as notified in the Gazette of India Extraordinary, Part II, Section 3, Sub-Section (ii) vide S.O. No. 283(E) dated 31.3.1997, the Director General of Foreign Trade hereby makes the following amendments in Public Notice No. 18(RE-99)/1997-2002 dated 1st July, 1999 as amended by Public Notice No. 25(RE-99)/ 1997-2002 dated 28th July, 1999.
Circular No. 781-Income Tax Reference is invited to Circular No. 771 dated 3rd November, 1998 wherein the rates of deduction of income-tax from the payment of income under the head “Salaries” under section 192 of the Income-tax Act, 1961, during the financial year 1998-99, were intimated. The present Circular
Attention is invited to notification no.41 dated 12.2.99 and notification no.42 dated 5.3.99 placing quantitative ceiling at the disposal of the canalising agency for three months (till May,99). Subsequenty instructions were issued from time to time to allow shipments against the NOCs issued till 31.5.99.The last date prescribed hitherto for such shipments was till 15.7.99
The following amendments shall be made in Notification No. 19 (RE-99)/97-2002 dated 8.7.99 and in Notification No. 25(RE-99)/97-2002 dated 13.8.99: the entry at ITC(HS) Code no. 0703 in ITC(HS) Classifications of Export and Imports items (97-2002), incorporating amendment made upto 31st August, 98) at Schedule 2 , Table –B, shall be amended to read as under.
Notification No. 11119/1999 – Income Tax It is notified for general information that M/s Meghalaya Industrial Development Corporation Limited has been approved by the Central Government as a Corporation engaged for providing long-term finance for industrial development in the country for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1997-98, 1998-99 and 1999-2000
Notification No. 11118/1999 – Income Tax It is notified for general information that M/s Kerala Power Finance Corporation Limited has been approved by the Central Government as a Corporation engaged for providing long-term finance for industrial development in the country for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment year 1999-2000
Circular No. 492/58/99-CX I am directed to say that doubts have been raised as regards charging of excise duty with references to maximum retail price under section 4 A in respect of “multi-piece packages”, on the basis of claim made by certain manufacturers that there is no statutory requirement for declaration of retail sale price on such packages under Standards of Weights and Measures Act, 1976 or any rules made there under.
