It is clarified that while considering this aspect, the Board may consider grant of certificate to an applicant, notwithstanding that another entity in the same group has been previously granted registration by the Board,
Circular No.662/53/2002-CX I am directed to refer to Board Circulars No.593/30/2001-CX and 594/31/2001-CX, both dated 19.10.2001 on Central Excise Registration whereby Board had introduced a new process of Registration and allotment of 15 digit Registration Numbers (which would also serve as Excise Control Code Numbers) based on PAN issued by Income Tax Department. As per the reports received the Department has been able to allot 15 digit PAN based Registration Number to majority of the units but not to all.
The above said instructions may be brought to the notice of all concerned to ensure that Authorised Dealers do not face problem in clearance of currency notes
The applications for grant of registration / requisite approvals are processed by SEBI based on information communicated by the Exchange/ members to SEBI. Such information can undergo a change within a very short period of time.
Dividend income from shares of Indian companies and income from units of mutual Funds have been made taxable in the hands of share/unitholders by the Finance Act, 2002. For small investors investing in equity, a threshold limit of Rs.1,000 was provided for the purpose of TDS. Let us for senior citizens and for investors raise the threshold limit to Rs.2500.
Circular No. 9 of 2002-Income Tax Under section 194A of the Income-tax Act, 1961 tax is deductible at source from any payment of income by way of interest other than income by way of interest on securities. Clause (v) of sub-section (3) of section 194A exempts such income credited or paid by a co-operative society to a member thereof from the requirement of TDS.
Circular No. 661/52/2002-CX It has been observed that though there is a clear cut distribution of work between the various Sections of the Board, the Commissioners do not follow these guidelines and matters relating to one Section are referred to another Section thereby causing confusion and delay. This is particularly so in respect of TRU. Since TRU is flooded with a number of references on technical matters from the Commissioners, they are not able to devote adequate time and resources to their assigned items of work.
The above instructions may be brought to the notice of all concerned. Difficulties, if any, in the implementation of above instructions may be brought to the notice of the Board.
It is clarified that wherever, the declared f.o.b. value is more than the present market value as declared by the exporter or as ascertained by the Customs
Circular No. 659/50/2002-CX Notification 91/2002-Cus, 92/2002-Cus, 93/2002-Cus and 47/2002-CE, all dated 6th September, 2002 have been issued to extend exemption from Customs and Central Excise duties in respect of water treatment projects for supply of drinking water for human and animal consumption.
