The exporters who were holding recognition certificate for the period 1998-99, under Export Import Policy 1997-2002 or under Exim Policy 1992-97 and have also obtained recognition certificate under the current Policy have an option to claim SIL based on exports made during preceeding licensing year subject to following conditions.
This Directorate has been receiving representations from various quarters seeking clarifications as regards the Classification of certain specific items under the ITC(HS) Classifications of Export and Import Items, 1997-2002. Such requests made in terms of para 4.13 of the policy for issue of appropriate clarifications etc. have been examined and based on the decision(s) arrived at by the committee set up for this purpose.
Notification No.S. O. 2400 – Income Tax It is notified for general information that Manipal Housing Finance Syndicate Ltd., Manipal House, Manipal 576119 (DK), Karnataka, has been approved by the Central Government for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1999-2000
Notification No. 11031/1999 – Income Tax It is notified for general information that M/s Manipal Housing Finance Syndicate Limited, Manipal House, Manipal-576 119 (D.K) Karnataka, has been approved by the Central Government for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment year 1999-2000
Notification No. 11030/1999 – Income Tax It is notified for general information that enterprise, listed at para (3) below has 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
Circular No. 479/45/99-CX Doubts have been expressed as to whether fitting of duty paid parts and components of an air-conditioner in a car amounts to manufacture of a car-air-conditioner. It is observed that generally the auto garages are involved in this type of activity wherein they acquire from market individual parts and components of a car air-conditioner and fit the same in a car. The issue was earlier discussed in the Board”s Circular No. 21/88-CX.4
SEBI had vide circular no. SMD/POLICY/5325/96 dated October 30, 1996, issued guidelines for the expansion of the trading terminals. In this regard, it was decided that expansion of the trading terminals of the regional exchanges to centres.
The TRIFED Ltd may designate , The National Agricultural Co-operative Marketing Federation of India Limited(NAFED), The National Dairy Development Board Ltd (NDDB) , The Madhya Pradesh State Cooperatives Oilseeds Growers Federation Ltd , The Karnataka State Agricultural Produce Processing and Export Corporation Ltd. and Bihar and Andhra Pradesh Government nominated Agencies as their Associate Shippers.
Notification No. 25(RE-99)/1997-2002 amends export policies for Bangalore Rose and other onion varieties through KAPPEC and NAFED until September 1999.
However, in cases where the application for obtaining credit is filed after realisation of export proceeds, such application may be filed within 90 days from the date of realisation or 180 days from the date of exports whichever is later, reckoned from the last date of realisation/exports in respect of shipments for which the claim has been filed.
