Circular No. 490/56/99-CX I am directed to say that representations have been received by the Board that in some Commissionerates, the credit of Additional Duty of Customs paid on the goods (other than Capital Goods) classified under Heading 98.01 of the Customs Tariff imported under Project Import Regulations, 1986 has been restricted to 75% on the ground that Rule 57Q(3) restricts the admissible credit in such cases to the extent of 75% only. They have requested that the credit in respect of raw material,
Notification No. 11110/1999 – Income Tax It is notified for general information that enterprises/industrial undertakings, listed at para (3) below have 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
The problem is confronted in cases where one of the bulk drug of the formulation has a DEPB rate whereas the other constituent bulk drug is not having any rate. The issue of calculation of DEPB rate in respect of formulations consisting of more than one bulk drug was raised in various Open Houses. It has therefore been decided to issue a clarification on the manner in which the DEPB rate is to be calculated.
Notification No. 1385/1999 – Income Tax In the notification of the Government of India, Ministry of Finance, Department of Revenue, No. S. O. 1800, dated 26th June, 1999 (May 4, 1999 (?)), published in Gazette of India, Part II, section 3, sub-section (ii), dated 26th June, 1999, for “Jagatguru Sri Sankaracharya Swamigal Srimatam Samasthanam, Tamil Nadu” read “Jagatguru Sri Sankaracharya Swamigal Srimatam
Notification No. 11107/1999 – Income Tax In the notification of Government of India, Ministry of Finance, Department of Revenue, S.O. 1800, dated the 26th June, 1999 [sic-dt. 4th May, 1999], published in the Gazette of India, Part-II, Section 3, sub-section (ii) dated the 26th June, 1999 [published at (1999) 153 CTR (St) 113], for “Jagatguru Sri Sankracharya Swamigal Srimatam Samasthanam, Tamil Nadu ” read ” Jagatguru Sri
An application for sale of goods and rejects above 5% in DTA as per paragraph 9.9 of the Policy by the EOUs shall be submitted to the Development Commissioner of the EPZ concerned in the form given at Annexure-A. The application shall be certified by the independent Cost/Chartered/Cost and Works Accountant and endorsed by the Bond officer of Customs/Central Excise having jurisdiction over the unit.
Public Notice No. 35 (RE-99) corrects product descriptions and DEPB rates for various export items under the 1997-2002 Export and Import Policy.
On receipt of registration fee, the Board shall grant a certificate in Form B, on such terms and conditions as are in the interest of investors and as may be specified by the Board.
“Necessary co-operation would be given to the credit rating agency (ies) in providing true and adequate information till the debt obligations in respect of the securities are outstanding.
Circular No. 489/55/99-CX I am directed to say after the imposition of Central Excise duty @ Rs. 2 per Kg. on bulk tea, problem of granting of rebate to the merchant exporters has arisen, especially those who purchased the tea from the market or in public auction and export after blending/packaging the same. The problem has now been sorted out by declaration of All Industry Rate of Drawback under sub-serial Number 0921 @Rs. 2 per Kg. (All Central Excise) [to the extent of in digenous proportion] with effect from 1-6-1999, prospectively.
