Public Notice 42 (RE-99) details amendments to cotton yarn exports, cotton waste, and spices/cashewnuts in the Export and Import Policy (1997-2002).
Notification 37 (RE-99) outlines onion export limits, allocation to agencies, and MEP for export from 01.12.1999 to 31.01.2000.
Central Excise duty paid on bulk tea procured from licence auction centres by EOU/EPZ units would be re-imbursed by Development Commissioner of concerned zone at all industry rates so long as levy on bulk tea in this regards is in force.
Circular No. 497/63/99-CX I am directed to say that doubts have been expressed whether computer network installed at customer premises by inter-connecting duty paid computers and peripherals will amount to manufacture under the Central Excise Act, 1944.
Notification No. 11153/1999 – Income Tax It is notified for general information that M/s Risk Capital and Technology Finance Corporation Ltd. New Delhi, has been approved by the Central Government as a Corporation engaged for providing long-term finance for industrial and infrastructure development in the country for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment year 1999-2000.
Notification No. 11152/1999 – Income Tax In exercise of the powers conferred by sub-section (1) of section 54EA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following shares and debentures as long-term specified securities, for the purposes of said section, namely
Notification No. 11151/1999 – Income Tax In exercise of the powers conferred by sub-section (1) of section 54EA of the Income-tax Act, 1961 the Central Board of Direct Taxes hereby specifies the following equity and debentures as long-term specified securities for the purposes of said section, namely
Circular No. 496/62/99-CX It has come to the notice of the Board that in a number of cases, the Commissioners of Customs & Central Excise have been filing applications before the CEGAT for out of turn hearing. However it has been brought to Board”s notice that in most of the cases, there applications do not mention any reasons for seeking an early hearing, and as a result, these applications for early hearing are being dismissed by the Tribunal.
Public Notice No. 41 (RE-99) updates the classification of betel nuts under the Import Policy, removing certain codes and adjusting descriptions.
Notification No. 11149/1999 – Income Tax It is notified for general information that enterprises/industrial undertakings, listed at para (3) below have been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 1999-2000, 2000-2001 and 2001-2002
