Government amends import policy for computer designs, adding hardcopy printed designs under a “Free” import category in the 1997-2002 policy.
Notification No. 10653/1998-Income Tax These rules may be called the Income-tax(Ninth Amendment) Rules,1998. (2) They shall come into force from the 1st day of April,1999. 2.In the Income-tax Rules,1962,- (a) In rule 9A,- (i) in sub-rule(2),for words”one hundred and eighty days”,the words “ninety days” shall be substituted. (ii) in sub-rule(3),for the words “one hundred and eighty days”
Notification No. 10654/1998-Income Tax In exercise of the powers conferred by section 295 of the Income-tax Act,1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-Tax rules,1962,namely
It was also decided that the Clearing Houses of the Stock Exchanges and Clearing Corporations should accept dematerialised shares in cases of rectification of company objections.
In Para No. 1.25 the Committee had observed that goods are detained at the International Airports temporarily at the request of the passengers either for payment of duty or for the purpose of re-export or subsequent production of documents. If the passenger does not come up for clearance of goods within the time limit given in the detention receipt, action is initiated by the Customs authorities
It is hereby clarified that export of samples of medicines/ pharmaceuticals formulations upto 1% of the FOB value of exports of all medicines/pharmaceuticals formulations taking together made during the preceeding licensing year is the maximum value upto which medicines/ pharmaceuticals formulations can be exported in a licensing year. Within this overall value, the exporter can export any samples of medicines/ pharmaceuticals formulations including the newly developed one which have not been exported in the past.
Board desires that suitable instructions may be issued to all field officers to alert against any such irregularities and in particular follow the following procedure
In exercise of the powers conferred by sub-section (1) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rules 18 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, and based upon the final findings of the Designated Authority published in the Gazette of India Extraordinary, Part I, Section 1, dated 26th May, 1998, that there has been import into India of Vitamin-C originating in or exported from the Peoples Republic of China and Japan below normal value, and that the Indian industrylias suffered material injury, and that the imports caused material injury to the Indian.
It has been decided to allow export of twenty-five thousand MTs of Hard Milling Wheat to Iraq for oil by M/s. Balmer Lawrie & Co. Ltd., Calcutta, under the United Nations “Oil for Food” programme. The above ceiling of twenty-five thousand MTs of Hard Milling Wheat is placed at the disposal of APEDA for issue of RCAC to M/s. Balmer Lawrie & Co. Ltd., Calcutta, to Iraq under the United Nations ‘Oil for Food’ programme.
APEDA will ensure that the overall ceiling earmarked for wheat products shall not exceed the limit of twenty thousand MTs for the current licensing year of 1998-99 under any circumstances. As soon as the ceiling is exhausted, APEDA will report this fact to the Ministry of Commerce, EP(Agri. II ) Section as well as to this office.
