In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby amends the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.27/2000-CUSTOMS (N.T), dated the 27th April, 2000,published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i), vide G.S.R. 359(E), dated the 27th April, 2000
In exercise of the powers conferred by sub-section (1) of section 30 of the Customs Act, 1962 (52 of 1962), the Central Government hereby amends the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 111/2003-CUSTOMS (N.T) dated the 19th December , 2003, published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide G.S.R 956(E) dated the 19th December, 2003.
This will not effect the investigations conducted by organizations like the DGRI, DGCEI etc who have all-India jurisdiction.
Director General ( System & Data Management) to kindly effect necessary software changes to operationalize the filing of advance IGM’s and prepare a detailed procedure for the benefit of stake holders. The Systems Managers/ Administrators at all ICES locations shall ensure that adequate knowledge is imparted to all stake holders prior to 16.4.2004.
Notification No. 49-Income Tax Whereas the Central Government, In exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the income-tax Act, 1961(43 of 1961) (hereinafter referred to as said Act) has framed and notified a scheme for industrial park by the notification of the Government of India in the Ministry of Commerce
It has come to the notice of the Board that divergent practices are being followed while allowing depreciation to EOU/EHTP/ STP units. In the field formations , in some Commissionerates , depreciation is being calculated for full years only.
Circular No. 3 of 2004-Income Tax The Board has received references seeking clarification on the period of applicability of the Explanation under section 80HHE(1) of the Income-tax Act, 1961. The Explanation states as under
Notification No. 48-Income Tax It is hereby notified for general information that the organisation mentioned below has been approved by the Central Government for the period mentioned below, for the purpose 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 under the category “Institution”
Notification No. 47-Income Tax It is hereby notified for general information that the organisation mentioned below has been approved by the Central Government for the period mentioned below, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income tax Act, 1961, read with Rule 6 of the Income tax Rules, 1962 under the category “Association”
The Principal notification was published in the Gazette of India, Extraordinary, vide notification No. 36/2001- CUS (N.T.), dated, the 3rd August, 2001 [S.O 748 (E), dated, the 3rd August, 2001] and was last amended vide notification no. 102/2003-Cus. (N.T.), dated the 14th November, 2003 [S.O.1316 (E), dated, the 14th November, 2003].
