Circular No. 556/52/2000-CX A doubt has been raised whether “Micronised Zircon Sand / Zirconium SIlicate” marketed as Zircon opacifier is classifiable under Chpater heading 26.15 as zirconium ores and concentrates, 2839.90 as silicates, 3207.90 as prepared opacifier or 2505.00 mineral substances (NES).
Circular No. 798-Income Tax Reference is invited to Circular No. 781, dated 5-11-1999 wherein the rates of deduction of income-tax from the payment of income under the head “Salaries” under section 192 of the Income-tax Act, 1961, during the financial year 1999-2000, were intimated.
Attention is invited to paragraph 1(i) and condition 5 of para 2 of Notification No. 29/97-Customs dated 1.4.1997 issued under Zero duty EPCG Scheme. In terms of para 1(i) to the notification, inter-alia CVD exemption is exemption is extended to capital goods for marine sector. In terms of condition(5) of para 2 of the notification, it is specified that zero duty benefit would be available if the
Circular No. 555/51/2000-CX.I In connection with the Circular No. 540/36/2000-CX dated 8.8.2000 with regard to the interpretation of amended section 11-A of Central Excise Act, 1944 w.e.f. 12.5.2000, the Supreme Court Judgment in the case of Mysore Rolling Mills Private Limited Vs. Collector of Central Excise, Belgium [1987(28) ELT 50(SC)] has come to Board”s notice. The Supreme Court has examined the issue of limitation in that case in an identical situation.
Circular No. 554/50/2000-CX I am directed to state that representations have been received in the Board seeking clarifications as to whether Additional Excise Duty under Textile and Textile Articles Act, 1978 (hereafter referred to as AED (T&TA) is leviable or not on cotton / man made yarns manufactured and cleared into DTA by a 100% EOU using indigenous raw materials.
Circular No 553/49/2000-CX A doubt has been raised whether LD Slag arising in bulk in Steel plants would be classifiable under sub-heading 3103.00 as mineral or chemical fertilizers, phosphatic or under heading 2619.00 as slag, dross (other than granulated slag), scalings and other waste from manufacture of iron or steel
Requests have been received from exporters for the grant of transferable advance licence against their pending applications in respect of exports effected by them before 01.04.2000. The issue has been examined in this office and it has been decided that the transferable advance licence may not be allowed to be issued after the notification of revised EXIM Policy on 31.03.2000, even in respect of exports affected on or before 31.03.2000.
It has been brought to the notice of the Board that the Exported-Oriented Units engaged in development of software are not being allowed to avail of the facility of taking out Laptop Computers and Video Projection System under Board’s Circular No.17/98-Customs, dated 16-3-98. Further, for the EPZ/STP/EHTP units also, the facility is limited to employee engineers having engineering
In terms of the Customs & Central Excise Duties Drawback Rules, 1995, drawback is allowed to the exporters for the duties of Customs and Central Excise suffered on the imported or indigenous inputs used in the manufacture of the export product for which no relief is otherwise available. Accordingly, in the All Industry Rates. Drawback Table, notified by the Central Government annually, the
Circular No. 796-Income Tax At present printed challan forms are used by the assessees for the purpose of depositing tax deducted at source in accordance with the prescribed procedure under the Income-tax Act, 1961 and the Income-tax Rules, 1962. In this context, it has been brought to the notice of the Board that for depositing tax deducted at source
