Circular No. 570/7/2001-CX A question has been raised whether the process of drawing of wire from wire rod would amount to manufacture under section 2(f) of Central Excise Act, 1944. Though duties were being paid in various centres by the units undertaking the redrawing of wire from wire rods, doubts are being raised as CEGAT in a recent order No. 85/2000-B dated 13-1-2000 in the case of M/s.
The matter has been examined further and it has been decided that any ongoing open ended scheme proposing to launch additional plans, other than dividend and growth plans, which differ from the main scheme in terms of portfolio,
Attention is invited to paragraph 6.8 of the Handbook (Vol.1). wherein it has been stated that in such cases where nexus norms have already been communicated by the Headquarters or the same are already established on the basis of the EPCG licences issued in the past by the Port Offices, such applications may not be forwarded to the Headquarters EPCG Committee.
Pursuant to the discussions in the meeting of the Group on Risk Management in Equity Markets held on January 31,
The Companies (Central Government’s) General Rules and Forms (Third Amendment) Rules, 2001 – Form 1 AD – Confirmation of change of registered office of the company within a State.
Circular No. 4 of 2001-Income Tax An additional surcharge of 2% has also been levied vide the Taxation Laws (Amendment) Ordinance, 2001 for the purpose of deduction of tax at source. In view of this, the amount of income-tax computed at the prescribed rates shall be reduced by the amount of rebate of income-tax
All the Venture Capital Funds are requested to provide the information pertaining to their venture capital activity for every quarter starting from the quarter ending December 31, 2000 as per the format enclosed at Annexure-A. Information for the quarter ending December 31,2000 may be sent by February 28, 2001.
Circular No. 3 of 2001-Income Tax Sections 44AD, 44AE and 44AF of the Income-tax Act, 1961, provide for estimating the income under the head ‘Profits and gains of business or profession’ in the cases of assessees engaged in the business of (i) civil construction, (ii) plying, hiring or leasing goods carriages, and (iii) retail businesses
In accordance with the aforementioned circulars dated May 29, 2000 and October 16, 2000, out of the 275 scrips required to establish connectivity with both the depositories by January 29, 2001, 122 companies have now established connectivity.
Delays in adhering to the above time limit shall be viewed seriously. In case of any delay, the reasons for such delay must be explained to AMFI and SEBI by the next day. If the NAVs of a mutual fund are not available before commencement of business hours on the following day due to any reason.
