Attention is invited to the Taxation Laws (Amendment) Act, 2006 wherein section 37E has been inserted in the Central Excise Act, 1944. This provision empowers the Central Government to publish information relating to the names of the assessees or any other particulars relating to any proceedings or prosecution under the Central Excise Act, 1944 in respect of such persons, if it is considered necessary and expedient in the public interest to do so.
The above clarification would also apply to capital goods covered under other annexures to this notification and under annexures to notification No. 22/2003-C.E. dated 31.03.2003 as amended.
I am directed to invite your attention to Board’s Circular No. 44/89-CX.3, dated 19.7.1989, wherein the field formations were instructed that no central excise duty is to be paid on prilled ammonium nitrate obtained from melt ammonium nitrate, and that no modvat of such duty, even if paid is to be allowed, in pursuance of Tribunal’s order in case of M/s. Anil Chemicals Pvt. Ltd. [1985 (21) ELT.889(T)].
The above conditions shall be applicable to all fresh investments whether in a new scheme or an existing scheme.In case of an existing scheme where the scheme has already parked funds in short term deposits,
The trading platforms may be used for executing all trades in listed debt securities issued by all institutions such as Banks, Public Sector Undertakings, Municipal Corporations, bodies corporate and companies.
The Stock Exchanges are advised to report to SEBI, the action taken in this regard in Section II, item no. 13 of the Monthly/Quarterly Development Report.
Wide publicity may please be given to these instructions by way of issuance of Public Notice. Difficulties, if any, in implementation of these instructions, may be brought to the notice of the Directorate General of Export Promotion, New Delhi.
The above instructions may be brought to the notice of the Trade immediately through appropriate Public Notice. Jurisdictional Commissioners may also indicate detailed operational procedure, taking into account the requirements, physical movement involved in carrying goods to the approved place / premises etc. at individual Customs stations, keeping in view of the Board’s instructions.
Service tax is leviable on foreign exchange (forex) broking service under the category of ‘banking and other financial service’. In terms of the provisions of the Finance Act, 1994, foreign exchange broker includes a money changer (authorized dealer of foreign exchange). In this context, a question has arisen as to whether the service provided by a money changer in relation to exchange of foreign currency is a forex broking service for applicability of service tax levy under ‘banking and other financial services’.
The interconnection service is provided by one telegraph authority to another to enable the telephone subscribers of these telegraph authorities to connect with each other. Interconnection in technical terms means the commercial and technical arrangements under which service providers connect their equipment, networks, and services to enable their customers to have access to the customers, services, and networks of other service providers. For providing interconnection, the telegraph authority collects interconnect usage charges (IUC).
