Circular No.676/67/2002-CX I am directed to refer to Board’s Circular No.581/18/2001-CX dated 29.6.2001 relating to export warehousing procedure and to say that representations have been received from trade seeking clarifications
Circular No. 11 of 2002-Income Tax Vide Circular No. 3/2002, CBDT had allowed Ramakrishna Math and Ramakrishna Mission, Kolkata, to receive incomes without tax deduction at source under sections 193, 194A and 194K. In para 2 of the said Circular it has been stated that the incomes by way of interest on securities of the Central and State Governments may be paid to the said assessees without tax deduction at source.
Circular No. 12 of 2002-Income Tax The matter regarding grant of exemption from deduction of income-tax at source under sections 194A, 194-I and 194K of the Income-tax Act on the payment of incomes to Shri Sathya Sai Central Trust, Sri Sathya Sai Medical Trust and Shri Sathya Sai Institute of Higher Learning, Bangalore, whose incomes are exempt for assessment years 2002-03 to 2004-05
in its endeavor, to make processing of application for registration/renewal simpler, speedier and effective, has reviewed the existing procedure in consultation with Registrar Association of India (RAIN).
As you are aware, RBI has issued guidelines vide their circular No.P.D.O.SGL.CIRR/1945/2002-2003 dated November 1, 2002 to all SGL account holders regarding reconciliation procedure for Government Securities. In order to make the transactions in Government Securities transparent without any scope of misuse,
As per the information provided by the Depositories 117 more companies have established connectivity with both the depositories. Out of these 83 companies as given in Annexure ‘A’ (Serial No. 01 to 83) have established connectivity with both the depositories on or before July 31, 2002.
Attention is invited to Chapter 10 of ITC (HS) Classification of Export and Import Items, 2002-2007, wherein the policy for import of Barley other than seed quality” as classified under the entry no. 10030090 in the ITC (HS) Classification of Export and Import Items, 2002-2007 is shown as “STE through FCI only. In view of Notification No.2 dated 31st March’2000, the policy for Barley against the aforesaid Serial Number should be read as free
Exports are the cornerstone of the Indian Economy in the existing era of globalisation. Hence Government has been consistently endeavouring trade facilitation for promoting the trade in general and exports in particular
It has now been decided to raise the investment limit on foreign securities as outlined in the above Circular to 10% of net assets of each mutual fund as on March 31, 2002. However, a minimum of US$ 5 million and maximum of US$ 50 million is permissible to each mutual fund irrespective of size of assets.
AEPC on the contrary has asserted that the contracts/LC have been on freight collect basis with the terms of shipment by sea