22nd September, 2004 CORRIGENDUM In the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 11/2004-Service Tax, dated the 10th September, 2004, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i ) vide G.S.R. 585 (E), dated the 10th September, 2004, at page 7, in […]
Income Tax Notification No: 245 (21-Sept-04) Section 35(2AB)(1) of the Income Tax Act, 1961 notifies Automobiles including automobile components notified as article
Constitution of the National Advisory Committee on Accounting standard u/s 210A of the Companies Act, 1956
That the goods imported are covered by a valid licence issued under the Export Promotion Capital Goods Scheme in terms of Chapter 5 of the Foreign Trade Policy permitting import of goods at the rate of five percent duty and the said licence is produced for debit by the proper officer of customs at the time of clearance.
That where benefit of exemption from duty is claimed by a person, who is not a Duty Entitlement Pass Book holder, such benefit shall be permissible only against specific amount of credit, not being a provisional credit, transferred by a Duty Entitlement Pass Book holder to such person.
17th September, 2004 Notification No. 28/2004 – Service Tax In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the taxable service provided by an aircraft […]
The Ministry of Company Affairs forms the National Advisory Committee on Accounting Standards under Section 210A of the Companies Act, 1956, for accounting policy guidance.
The Export Obligation period shall be reckoned from the date of clearance of Penicillins and its salts or 6-APA only and not from the date of clearance of other input items mentioned in the licence. For example if the material is imported in 12th month the Export Obligation shall have to be fulfilled in 12+6 = 18 months time.
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
DGFT keeps sea shell export policy in abeyance for six months via Notification No. 4 (RE-2004). Previous rules prior to 30.08.2004 to remain applicable temporarily.
