Circular No. 157/68/95-CX I am directed to refer to the provisions of rule 57 G providing that the triplicate copy of the Bill of Entry shall be used for taking Modvat Credit. In this regard attention of the Board has been invited to the fact that consequent to the introduction of processing Bill of Entry on EDI system in the Deli Commissionarate, triplicate copy of the Bill of Entry is not being generated.
Circular No. 156/67/94-CX As you are aware, in pursuance of the Supreme Courts” directive for reducing litigation between the Deptt. of Revenue and PSUs, ect, litigation”s before CEGAT and Courts can be pursued only with the prior clearance of the High Powered Committee on Disputes constituted in the Cabinet Sectt. Those cases which are not considered fit for further litigation by the Committee cannot be pursued by the concerned appellants viz
The undersigned is directed to refer to the provisions of the Finance Bill, 1995, later enacted as the Finance Act, 1995, Section 69(b) of which proposes certain amendments to the First Schedule to the CTA ’75, as detailed in the Third Schedule to the said Act. It has also been provided that the said amendments shall take effect from a date to be notified by the Government later
monthly gross turnover data (single side) for the months of April, 1995 till date. Gross turnover (net of jobbing) on single side basis may also please be indicated.
Notification No. 104/95-Customs dated the 30th May, 1995 relating to Pass Book Scheme has been amended by Notification No. 115/95-Customs dated the 27th October, 1995 (copy enclosed for ready reference)1. The amendment has been carried out to prescribe the modalities for allowing credit in the Pass Book, to specify that the Pass Book or the credits allowed therein shall not be transferable
I am directed to refer to the correspondence resting with Board’s letter F.No. 483/ 14/ 88-Cus-VII dated 14th October 1988 and 6th June, 1991(copies enclosed)1 on the above subject and to say that in para 1 of the said letter after, Item No. (xiii), following item may be inserted
Circular No. 729-Income tax The deduction under section 80HHC is available, as at present, in respect of “cut and polished minerals and rocks including cut and polished granites” with effect from 1-4-1991 by virtue of insertion of item ( x) in the Twelfth Schedule to the Income-tax Act, 1961. The export of dimensional
Representations have been received that there is a gross under-invoicing of toner for Photocopiers and toner cartridges of laser printers and ink cartridges of Ink Jet Printers.
Circular No. 728-Income Tax It has been represented to the Board that when making remittances of the nature of royalties and technical fees, tax is being deducted at source at the rates specified in the Finance Act of the relevant year, without taking into account the special rates for taxation of such income provided for under the Double Taxation Avoidance Agreement with the country concerned
Attention is invited to Ministry’s Circular No. 609/ 106/93-DBK dated 20th October, 1993 whereby proforma for furnishing information with regard to duty forgone under various Export Promotion Schemes was prescribed.
