Circular No. 79/79/94-CX Attention is invited to the instructions contained in Board”s Circular No. 26/90-CX.3 dated 26.6.90, clarifying that “micro nutrients” would be appropriately classifiable under heading No. 38.08 as “plant growth regulator”.
Circular No. 693-Income tax Section 80HHC of the Income-tax Act allows a deduction from the gross total income of the entire profits derived from export of goods other than minerals. Finance (No. 2) Act, 1991 extended the benefit to export of processed minerals and ores mentioned in the Twelfth Schedule to the Income-tax Act. Item (x) of the Schedule mention “cut and polished minerals and rocks including cut and polished granite
Circular No. 692-Income tax Reference is invited to the Board’s Circular No. 655, dated the 26th August, 1993, regarding deduction of income-tax at source from the payment of interest on securities for the financial year 1993-94.
Circular No. 78/78/94-CX I am directed to state that the Supreme Court in their judgement dated 1.9.94 in Civil Appeal No. 3197 of 1986 with C.A. Nos. 19-22/80, 3331/84, 3464/88, 1384-85/87, 3963/90 and 2867/91 has deicded the dispute arising out of High Court”s orders and CEGAT”s orders on the scope of term “Job-work” pertaining to the Notification 119 of 75
Circular No. 77/77/94-CX It has been brought to the notice of the Board that scrap generated by breaking of a ship etc. is not being allowed deemed modvat credit by certain field informations. The ship-breakers have also represented to the Board
Circular No. 76/76/94-CX 57 H of the Central excise Rules 1944 deals with transitional provisions. The present amendment to the said rule, inter alia, permits acceptance of any invoice” or “any document as may be prescribed by the Central Board of Excise and Customs as valid document under Rule 57G.
Circular No. 75/75/94-CX I am directed to refer to Circular No.9/89 (F.No.14/10/8-CX-1) dated 25.7.89 on the subject noted above and to say that the matter has been further examined by the Board.
Circular No. 73/73/94-CX In the All India Conference of Collectors (Appeals) held recently at Bangalore on 6th and 7th October 1994, the Collectors (Appeals) complained that the copies of Board”s instructions, notifications, circulars etc. are not being endorsed to them
Circular No. 74/74/94-CX I am directed to enclose herewith copies of Notification Nos. 134/94-Central Excise and 135/94-Central Excise both dated the 27th October, 1994. These notifications, inter alia seek to make the following changes in the excise duty structure on utensils of aluminium and copper
Circular No. 72/72/94-CX I am directed to forward herewith copies of Notification Nos 132/94-CE, 133/94-CE, 60/94-CE (N.T.) to 60/94-CE(N.T.) issued in the context of solving the difficulties in availing of Modvat credit in respect of certain textile inputs.
