Notification No. 67/2011-Customs (N.T.), Date-  22nd September, 2011

         GSR……… In exercise of the powers conferred by sub-clause (iii) of clause (c) of section 28E of the Customs Act,1962( 52 of 1962), the Central Government hereby specifies “resident public limited company” as class of persons for the purposes of  said clause.

Online GST Certification Course by TaxGuru & MSME- Click here to Join

Explanation.— For the purposes of this notification.-

 (1) “public limited company” shall have the same meaning as is assigned to “public company” in clause (iv) of sub-section (1) of section 3 of the Companies Act , 1956 ( 1 of 1956) and shall include a private company that becomes a public company by virtue of section 43A of the said Companies Act, 1956;

(2) “resident” shall have the same meaning as is assigned to it in clause (42) of section 2 of the Income-tax Act, 1961 ( 43 of 1961) in so far it applies to a company.

[F. No 275/47/2009-CX8A]

( G D Lohani)
Director, Government of India

More Under Custom Duty

Posted Under

Category : Custom Duty (6630)

Leave a Reply

Your email address will not be published. Required fields are marked *