Circular No. 701-Income Tax As per sub-clauses (iiia) and (iiib) of section 2(24), read with section 17, of the Income-tax Act, 1961, any allowance, by whatever name called, given by the employer to the employee, is taxable as income in the hands of the employee. All allowances including Dearness Allowance, Additional Dearness Allowance, City Compensatory Allowance, House Rent Allowance, Meal Allowance
Kindly refer to notification No. 73/ 95-Customs dated 16th March, 1995 which amends Notification No. 161/92-Customs dated 20th April, 1992
All Industry rate of drawback against certain items of drawback Table (e.g. SS No. 1902, 1912, 1912, 1914, 2102, 3708(b) etc.] is admissible subject to certain conditions specified under the respective entries. The conditions inter alia include the following
The undersigned is directed to enclose copy of Notification No. 76/95-Cus. dated 20.03.95 amending Notification No. 69/95-Cus so as to provide that goods falling under sub-heading Nos. 2203.00, 2204.30, 2206.00 and 2207.20 will not be eligible for the rate of 50% prescribed at S. No. 71 of Notification No. 69/ 95-Cus
I am directed to say that the Board has been receiving requests on an annual basis from certain foreign shipping vessels for permission for sale of bools on broad the vessels while the same is docked at an Indian port. This permission has hitherto been given by the Board subject to the vessel obtaining the required no objection from
Circular No. 110/21/95-CX The undersigned is directed to enclose copy of Notification No. 74/95-CE dated 20.03.95 amending Notification No. 27/95-CE dated 16/03/95 so as to prescribe an excise duty of 20% on polyester mono filament yarn of 2000 denier age and above used in the manufacture of zip fasteners. In para 26.15 of instructions also
Circular No. 109/20/95-CX The undersigned in directed to enclose a copy of Notification No. 73/ 95-CE* dated 20.03.95 which restores the concessional duty of 15%vide erstwhile Notification No. 24/94- CE on paper and paperboard or articles made from atleast 50% be weight of unconventional raw materials.
I am directed to say that Board has had occasion to examine the issue of delay in release of export consignments by the customs where such consignments are necessarily referred to the statutory authorities such as the wild Life Department and the Archaeological
With reference to sub-clause (C) of Clause 24 as mentioned in our above letter, it is clarified that SEBI Directive no. C.III dated August 13, 1992 is operative.
The exchange is advised to inform us about the steps taken in this regard not later than April 10, 1995. The exchanges must also send a report to SEBI indicating the trading floor volumes and off-exchanges volumes separately.
