I am directed to refer to the various instructions and circulars issued from time to time regarding setting up of ICDs / CFSs by the Public Sector Undertakings as well as by the Private Sector Undertakings. In view of growing demand for setting ICDs /CFSs in hinterland and to keep pace with fast growing import / export, it has been decided to simplify the procedure for setting up ICDs/ CFSs
I am directed to state that a review of the existing policy with regard to grant of in-bond Manufacture facility under section 65 of the Customs Act, 1962 has been conducted by the Board. Consequent to the review, it has been decided that the requests for grant of in-bond Manufacture facility under section 65 of the Act will henceforth be considered and decided at the level of the Commissioners
Circular No. 732-Income Tax Under the provisions of section 172 of the Income-tax Act, 1961 seven and a half per cent of the amount paid or payable to the owner or charterer of a ship on account of carriage of passengers, livestock, mail or goods shipped at a port in India, is deemed to be income accruing in India to the owner or the charterer. The port clearance is granted only after the return of the full amount to be
Circular No. 731-Income Tax Under the provisions of section 80-O of the Income-tax Act, 1961 an Indian company or a non-corporate assessee, who is resident in India, is entitled to a deduction of fifty per cent of the income received by way of royalty, commission, fees, etc., from a foreign Government or foreign enterprise for the use outside India of any patent, invention, model, design, secret formula or process, etc., or in consideration of technical or professional services rendered by the resident. The deduction is available if such income is
Representations have been received from the exporters of Cotton Power loom made-ups (bed sheets) under S.S. No. 6305 (Old 2702(5)) of the Drawback Table where exporters’ claim for drawback have not been allowed by the Customs Houses on the ground that drawback at the specific rate of Rs. 4.35 per piece works out to less than Rs. 5000/-per Shipping Bill as also less than 2% of the
I am directed to draw your attention to the Minister’s instructions F.No. 478/29/ 88-Cus. VII (copy enclosed)1 regarding the requirement of countersignature of Quarantine officer on the Health Certificates and to say that is has been decided in consultation
Circular No. 165/76/95-CX Representations have been received that invoices issued by consignment agents during the period 01.04.1994 to 03.07.1994 are not being considered as valid duty paying document for the purpose of availment of Modvat credit under rule 57G of the Central Excise Rule, 1944 as they were not covered within the Notification No. 15/94-CE(NT) dated 30.03.1994.
Circular No. 164/75/95-CX It has been represented to the Board by the Cotton Textile Export Promotion Council that Merchant Exporters of cotton made ups are facing difficulties in getting the rebate of duty paid at the inputs stage. It has been further stated that the merchant exporters were being allowed to export the goods directly from the factory of the manufacturer of export goods working under Rule 191A/ 12(1)(b) on AR-4/ AR-5
=The Government have decided that the private sector would also be involved in infrastructure development. Accordingly this sector has been allowed to open CFSs/ ICDs/ CPZs in addition to public sector agencies. The other intention of the Government has been to bring the Customs facilities to the doorstep of the exporting and importing community; therefore, many CFSs/ ICDs/ EPZs have been
I am directed to refer to notification No. 158/95-Customs dated 14.11.1995 issued in supersession of notification No. 98 / 95- Customs dated 26.5.95 for exempting from the whole of duties goods manufactured in India, when re-imported into India for the purpose of repairs, reconditioning, reprocessing, refining, remaking or similar process. As may be seen the new notification considerable enlarges
