Notification No. 10999/1999 – 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 and 2000-2001 and 2001-2002
Finance Minister, Mr Yashwant Sinha while delivering the Budget Speech for the year 1999-2000 has made an announcement to encourage the Indian Stock Exchanges to open their terminals abroad.
F.No. 354/08/98-TRU Notification No. 32/99 exempts all excisable goods that are manufactured in the two types of industrial units mentioned in para 3 of the notification. These units are either new units which have commenced their commercial production on or after 24.12.97, of these are industrial units which have undertaken substantial by way of increase in installed capacity by not less than 25%. The increase in capacity should have been effective on or after 24.12.97.
Public Notice No. 23 (RE-99) amends the Export-Import Policy, adding new entries for engineering, plastic, and textile products in the Handbook of Procedures.
Banks are once again advised to forward the annual statement of their activities undertaken as Bankers to Issues in accordance with the aforesaid circular and ensure that all the required information are furnished in the specified format and quarterly as well as annual reports pertaining to their activities as Bankers to issues are submitted on time.
Banks are once again advised to forward the annual statement of their activities undertaken as Bankers to Issues in accordance with the aforesaid circular and ensure that all the required information are furnished in the specified format and quarterly as well as annual reports pertaining to their activities as Bankers to issues are submitted on time.
The Stock Exchange should on receipt of the arbitration award, debit the amount of the arbitration award from the security deposit or any other monies of the member (against whom an award has been passed) and keep the amount in a separate account.
Attention is invited to Public Notice No. 55 dated 11.11.98 wherein the DEPB rate for S.No.3 of Fish and Fish product was increased from 8% to 10%. Various representations had been received wherein the exporters including various associations had pointed out that it was not possible to give changed description of the export product in respect of shipments effected prior to Public Notice No. 55 dated 11.11.98.
Notification No. 20 (RE-99) amends export policy for Niger seeds, allowing exports through TRIFED as per DGFT guidelines.
Notification No.S. O. 565(E) – Income Tax In exercise of the powers conferred by sub-clause (ii) of clause (23D) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies ABN Amro Bank Money Market Mutual Fund, set up by the ABN Amro Bank, N. V. 302 Dalamal House, Nariman Point, Mumbai-400 121 and authorised by the Reserve Bank of India, as a Money Market Mutual Fund
