The Board has taken a serious view of the matter and has desired that the Commissioner should make efforts to reconstruct the files wherever possible.
Circular No.645/36/2002-CX I am directed to refer to Board’s Circular No.101/12/95-CX.8 dated 22.02.95 which stipulates reversal of modvat (cenvat) credit taken on the inputs which are subsequently written off being obsolete or unfit for use.
Representations/requests seeking clarification on “No Sale Period” have been received from the importers – who have made imports of vehicles in terms of the above mentioned Public Notice and executed the requisite Bonds with concerned Regional Licensing Authorities.
CBDT Circular : No. 4/2002-Income Tax Subsequent to the amendment to section 197A made by the Finance Act, 2002 whereby a new sub-section (1B) has been inserted with effect from 1st June, 2002, representations have been received seeking clarification whether the prescribed self-declaration under the said section can be submitted by entities exempt from tax under section 10
Circular No.644/35/2002-CX I am directed to say that doubts have been raised regarding the valuation of computer systems sold along with software. The software can be of two types. One is the “systems software” or “operating software” which is designed to control the operation of the computer system. The other software is the application software which is developed for specified applications only
A declaration from the 3rd party(s) in a stamp paper, duly certified by an independent CA, declaring that the products exported for fulfillment of EO by them on behalf of the licence holder as per details given in the statement of exports, were manufactured by the licence holder.
You are requested to kindly bring to the notice of your constituents about the circular and request them to adopt the same. Wherever demat and transfer of dividend by electronic mode is used, the companies may, however, issue TDS in the same format.
In order to ensure easy tracking of the underlying shares released on the conversion of the “depository receipts”, it has been decided that all such shares shall mandatorily be credited to a separate Depository Receipts (DRs) account of the respective investor.
This is in continuation of our circular SMD/POLICY/Cir-13/02 dated June 20, 2002 on Electronic Data Information Filing and Retrieval system (EDIFAR). The additions/ changes to the earlier circular are indicated in bold/italics.
We are enclosing a copy of Gazette Notification dated June 11, 2002 – SEBI(Mutual Funds)(Second Amendment) Regulations, 2002 regarding nomination facility for the unitholders, for your information and implementation.
