I am directed to refer to Board’s Circular No.766/82/2003-CX dated 15th December, 2003. Attention is drawn to para 6 of the said Circular and the said para 6 may be treated as omitted from the said Circular
Attention is invited to Board’s Circular No.19/13/96 dated 21.11.96 wherein instructions were issued relating to visit of Central Excise officers to the premises of the assesses for conducting audit of services relating to telephones, insurance and stock brokers. Subsequently, the coverage of Service Tax Audit was extended to other services also on a selective basis vide Circular No.38/1/2002-CX dated 7.2.2002.
We are enclosing a copy of the SEBI (Mutual Funds) (Amendment) Regulations, 2004 published in the official gazette on January 15, 2004 for your reference and records.
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.
