In exercise of powers conferred under paragraphs 2.4 of the Foreign Trade Policy, 2004-09 the Director General of Foreign Trade hereby announces the Rate of Duty Drawback of Rs. 1025/- per MT for HSD, supplied by domestic oil companies to EOU/SEZ units under various schemes as contained in Chapters 6,7 and 8 of the Foreign Trade Policy, until further orders.
The jurisdictional excise officer shall, after satisfying himself that the said goods have been used for the specified purposes, and on production of documentary evidence about the duty paid on the said goods, sanction the refund claim, at the rate of 6% of the cost of construction of such house or houses, as the case may be.
In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2004-09 and Paragraph 1.1 of Handbook of Procedures (Vol.1), the Director General of Foreign Trade hereby makes the following amendments/deletions/corrections and additions in the Handbook of Procedures, Vol.2, 2004-2009, as amended.
As part of efforts to simplify procedures and reduce transaction costs, DGFT is also making efforts to do away with the system of submitting hard copies to the Licensing Authority in case of licensing applications relating to Advance Licences (fixed norm cases), EPCG, Served from India and Restricted Item licences (excluding SCOMET items). This facility will be extended in cases where the licensing applications have been filed with digital signature and licence fee paid thro’ EFT mode on the DGFT website. In such cases, the supporting documents (wherever required) will be filed on the ECOM module by scanning and digitally signing these documents.
Golf Course Resorts in India are now eligible to import food items and alcoholic beverages under the Served From India Scheme, with applicable excise laws.
this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business
this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business
India updates the import policy for metallic scrap, allowing imports only through specified ports, as per Public Notice No. 39 (RE-2005) dated 16th August 2005.
the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 6/2002-Central Excise, dated the 1st March, 2002
Notification No.190/2005 – Income Tax It is hereby notified for general information that the organization Centre for Research in Rural & Industrial Development (CRRID), Sector 19-A, Madhya Marg, Chandigarh – 160019 has been approved by the Central Government for the purposes of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of the Income-tax Rules, 1962 for the
