Notification No. S. O. 2075-Income Tax It is notified for general information that Dewan Housing Finance Corporation Limited, Warden House, 2nd Floor, Sir P. M. Road, Fort, Mumbai, has been approved by the Central Government for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1998-99 and 1999-2000.
The 1998 Public Notice amends the ITC(HS) Export and Import classification by removing “Powder milk” and “Ghee” from the export item list.
Reference from the field formations have been received in the Board, seeking clarification whether DEPB scrips can be used to clear goods Imported under various other schemes like EPCG Scheme or Project Imports whether SAD will be exempted on such exports; and whether duty leviable at tariff rate on at concessional rate will be debited in a DEPB scrip in case the goods are eligible for a partial
Circular No. 426/59/98-CX I am directed to draw your attention to Notification No. 38/ 98-CE (NT) dated the 2nd September, 1998, whereby in Rule 187A of the Central Excise Rules, 1944, a proviso has been inserted so as to extend special facility to the large manufacturer exporters in respect of examination, certification and sealing of export goods at the place of despatch.
Notification No. S. O. 2122-Income Tax In exercise of the powers conferred by clause (23) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the “Bulsar Cricket Association”, Gujarat, for the purpose of the said clause for the assessment years 1997-98 to 1999-2000 subject to the following conditions,
The case of the petitioner interalia was that there was a change in law as brought about by the decision of the Supreme Court. The Delhi High Court while holding that in considering a delay condonation application facts and circumstances of the each case are required to be considered, held that the facts of the case warranted condonation of delay of 25 days.
I am directed to refer to Board’s letter of even number dated 22.7.97 circulating Ministry of Commerce’s O.M. No. 14(3) Plant (B) dated 30.6.97 on the above subject (copy enclosed) and to say that Board’s above Circular letter dated 22.7.97 stands withdrawn with immediate effect
Miscellaneous Items’ of the Export and Import Policy, 1997-02 (Re-98), under which Raw silk/silk cocoons are restricted and are not permitted to be imported except against a licence or in accordance with a Public Notice issued in this behalf.
Circular No. 425/58/98-CX Kind attention is drawn to CEGAT order No. A-4 dated 6.01. 1998 in case of M/S Flexo Foam Industries Vs. CCE, Bolpur. The CEGAT has allowed the benefit to the appellants relying on its earlier order in case of CCE, Meerut Vs M/S Maruti Foam Ltd. reported in 1996 (85) ELT 157 (Tribunal).
For grant/renewal of any status, the application shall be filed latest by 30th November, 1998. Deficiency, if any, must be communicated by the licensing authorities by 15th December. If this is not done, then existance of deficiency and non rectification thereby by 31st December will not be treated as a ground for rejecting the application. The applicant shall be required to submit the rectification of deficiency to the licensing authorities by 31st December.
