It has been decided to include the under mentioned companies in the list of securities for compulsory settlement of trades in dematerialised form for all investors effective from June 26, 2000
It is directed to refer to refer to Board’s Circular No. 28/99-Cus., dated the 24th May 1999 issued from F.No. 450/31/99-Cus., dated the 24th May, 1999 issued from F.No. 450/31/99-Cus.IV on the subject mentioned above and to say that Ministry of Textiles has decided to dispense with the procedure of pre-shipment inspection of silk goods by the Central Silk Board (CSB) with effect from
In order to ensure the efficiency of collection and the refund/remittance of the margins system, the clearing banks of the exchanges should have connectivity with the clearing house/ corporations.
The surplus margin available with the stock exchanges in cash after adjustments for additional capital required by the broker for further exposure, will be refunded by the stock exchange to the broker on daily basis. This will be implemented by the stock exchanges as soon as possible and in any case not later than May 01, 2000.
Circular No. 790-Income Tax The Board has issued Circular No. 769, dated 6-8-1998, laying down procedure for refund of tax deducted under section 195, in certain situations to the person deducting the tax at source from the payment to the non-resident. After reconsideration, Circular No. 769 is revoked with immediate effect and refund to the person deducting tax at source under section 195 shall be allowed in accordance with the provisions of this Circular.
It was provided in Board’s Circular No. 67/68-Cus. Dated 14.9.98 issued vide F. No. 305/147/93-FTT that DTA units may utilise the idle capacity of EOU/EPZ units in certain sectors for manufacturing export goods
At the time of issue of authorisation, the exporter shall produce the Original Certificate(s) of the Origin/ Legal Procurement Certificate complete in all respects of Sandalwood Root/Ainchilta Class to D.G.F.T., New Delhi for an endorsement to the effects that against the said Legal Procurement Certificate(s)/Certificate(s) of Origin, an authorisation for export of the quantity of Sandalwood Oil as specified on the said authorisation has been issued.
Circular No. 526/22/2000-CX It is directed to invite your kind attention to the Supreme Court’s decision in Civil Appeal No. 7282/96 in the matter of M/s Sidhartha Tubes Ltd. Vs. CCE decided on 3rd November, 1999. The Apex Court vide this impugned order has dismissed party’s appeal with costs.
Circular No. 789-Income Tax The provisions of the Indo-Mauritius DTAC of 1983 apply to ‘residents’ of both India and Mauritius. Article 4 of the DTAC defines a resident of one State to mean “any person who, under the laws of that State is liable to taxation therein by reason of his domicile, residence, place of management or any other criterion of a similar nature.
Circular No. 788-Income Tax Sub-section (4) of section 80-IB of the Income-tax Act, 1961 provides for deduction in the case of an industrial undertaking in an industrially backward State specified in the Eighth Schedule of the Income-tax Act, 1961. The Eighth Schedule lists industrially backward States and Union Territories.
