Attention is invited to Policy Circular No. 1 dated 17.04.2003 regarding import of textile and textile articles. The following changes has been made in the Para 2 (2) of the said Policy Circular as under. Import consignments of industrial product i.e. transmission belts/ pressure belts, lining material for manufacture of luggage goods which do not come into direct contact with the human body.
This will not effect the investigations conducted by organizations like the DGRI, DGCEI etc who have all-India jurisdiction.
Director General ( System & Data Management) to kindly effect necessary software changes to operationalize the filing of advance IGM’s and prepare a detailed procedure for the benefit of stake holders. The Systems Managers/ Administrators at all ICES locations shall ensure that adequate knowledge is imparted to all stake holders prior to 16.4.2004.
It has come to the notice of the Board that divergent practices are being followed while allowing depreciation to EOU/EHTP/ STP units. In the field formations , in some Commissionerates , depreciation is being calculated for full years only.
Circular No. 3 of 2004-Income Tax The Board has received references seeking clarification on the period of applicability of the Explanation under section 80HHE(1) of the Income-tax Act, 1961. The Explanation states as under
Therefore, it is clarified that one set of documents relating to fixation of brand rates may also be provided to the said Directorate General for post-audit in addition to the Internal Audit Department of the Central Excise field formations.
Notification u/s. 620A of the Companies Act, 1956 by which 4 more companies have been declared as Nidhis.
Circular No. 2 of 2004-Income Tax A decision was taken by the Board in January, 2003 regarding the requirement of obtaining Income-tax Clearance Certificates by various persons. It was decided that with effect from the 1st January, 2003, no Income-tax Clearance Certificate shall be required to be furnished by any person while filing a tender for the purpose of obtaining commercial contracts.
This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
Reference is invited to the Department of Commerce Notification No. 34 dated 9th February , 2004 regarding import of vehicles, the list of International accredited agencies for issuance of Type Approval Certificate / COP is given below.
