In case of DTA sale of goods manufactured by EOU/EHTP/STP/BTP, where basic duty and CVD is nil, such goods may be considered as non-excisable for the purpose of payment of duty. This will, however, not be applicable in case of DTA sale of books.
Public Notice No. 24/2005 updates the Aayaat Niryaat Form, changing documentation requirements and adding new guidelines for Vishesh Krishi Upaj Yojana applications.
The matter has been reconsidered in consultation with the concerned Departments. Accordingly, it is clarified that while the above stipulation is generally applicable in case of refund of excise duty, on account of the special provisions regarding Agencies/Funds covered under Appendix-13 of Handbook of Procedures and the fact that tender evaluation is without including the element of customs duty, it has been decided that subject to fulfillment of all the conditions in para 8.2(d) & para 8.4.4(ii) of Foreign Trade Policy, supply of goods to such projects would continue to get refund of excise duty without co-relating the same with CVD payable or otherwise on import.
It is hereby notified for general information that the organization M.S. Swaminathan Research Foundation, 3rd Cross Road, Taramani Institutional Area, Chennai – 600113 has been approved by the Central Government for the purposes of clause (ii) of sub-section (1) of section 35 of the Income Tax Act, 1961
Whereas the Central Government had extended anti-dumping duty on Sodium Cyanide by six months by amending notification No. 10/2001-Customs, dated the 31st January, 2001 vide notification of the Government of India in the Ministry of Finance (Department of Revenue), No.3/2005-Customs, dated the 19th January, 2005.
Notification No.166/2005 – Income Tax S.O. 876 (E). – In exercise of the powers conferred by sub-section (2) of section 97 and section 109 of the Finance (No.2) Act, 2004 (No.23 of 2004) read with subsections (1) and (2) of section 120 of the Income-tax Act, 1961, the Central Board of Direct Taxes hereby authorises the Income-tax authorities as specified below, to exercise or perform all or any of the powers and functions
The H.S. Code No.2302 20 10 against Sl.No.71 of Chapter 23 under Heading “ Residues and Waste from the Food Industries, Prepared Animal Fodder” in Schedule – 2, Export Policy stands deleted to make “De-oiled Rice Bran” freely exportable.
Notification No.165/2005 – Income Tax In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely
Public Notice No. 23/2005 corrects the DEPB rate for Product Code 66 to 5% as per the previous notification on 26th May 2005.
Notification No.164/2005 – Income Tax In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely
