The undersigned is directed to refer to your letter No. S/ 26-Mis-43 /95 VA, dated 31.3.1995 on the subject mentioned and to say that calculation of weight for the purpose of determining duty liability was discussed in the Conference of Collectors held in December, 1988 in the context of self adhesive tapes. The Conference held that if a commodity is sold on weight basis then the weight so
Attention is invited to ALC Circular No. 4/95, dated 15.3.1995 issued by Shri H.L. Aswal, Deputy Director, DGFT to the effect that the facility of broad banding inputs required for manufacture of export products is available to Electronic, Writing Instruments
In order to ensure timely and proper dissemination of price sensitive information, company news and to improve co-ordination between exchanges, so as to bring uniformity in decisions regarding trading restrictions/permissions,
Circular No. 121/32/95 CX Certain doubts have been expressed regarding the appropriate classification of plastic grills used in air conditioners whether classifiable as an article of plastic under chapter 39 or as parts of air conditioner under Chapter 84.
I am directed to say that Automobile Association of Upper Indian have informed that Federation of Indian Automobile Association will continue guaranteeing the AIT/FIA Carnet-de-passage, in new format,1 a specimen copy of which is enclosed and to request that
Circular No. 120/31/95 CX I am directed to refer to the Point No. 5 of the minutes of the Principal Collector”s Conference held on the 20th / 21st January, 1995 regarding devising of the procedure / amendment of Rule where inputs on account of being defective are returned to the supplier of inputs as the trade has represented that invoices cannot be issued in such cases.
Circular No. 704-Income Tax Under the provisions of clause (42A) of section 2 of the Income-tax Act, 1961, the shares held in a company or any other security listed in a recognised stock exchange in India or units of the Unit Trust of India or units of a mutual fund specified under section 10(23D) shall be regarded as short-term capital assets if they are held by an assessee for not more than 12 months immediately preceding the date of its transfer
It is observed that corporate applicants recently being admitted into various Stock Exchanges are engaged in businesses other than securities business like ICDs, leasing, hire purchase and bill discounting due to which SEBI is not in a position to consider their registration.
Several instances have been brought to the notice of the Board wherein the Customs authorities have detected war materials (such as live shells, bombs, smoke bombs etc.) in consignment of heavy melting scrap imported a different ports and Inland container Depots at various locations in the country. The question
Circular No.119/30/95-CX I am directed to refer to Board”s Circular No. 14/ 93-Cx. 6 (F.No. 213/32/93/-CX.6) dated 27th October, 1993 seeking information out the feasibility of invoking the provisions of Section 11C in this case.
