Chief Commissioner of Customs & Central Excise, New Delhi has sought clarification whether a combination of two equipments which are covered separately under two different Sl. Nos. of the same notification or two different notification can be allowed exemption under the said notification. In the instant case, the equipment was Auto Keratometer ARK 700 which is a combination of
Notification No S. O. 543(E)-Income Tax In exercise of the powers conferred by sub-section (4) of section 139A of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendments in the notification of the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes No. S.O. 354(E), dated 28th April, 1998, and specifies the date from which
Notification No. S. O. 1344-Income Tax In exercise of the powers conferred by clause (viii) of sub-section (1) of section 36 of the Income-tax Act, 1961, the Central Government hereby makes the following corrections in Notification No. 10625, dated 3-6-1998, in even number: “The name of the company, i.e., Transcrop Housing Finance Ltd. should be read as Transcorp Housing Finance Ltd.”
The approval to NCFM is granted subject to your abiding by all directives issued by SEBI from time to time and the guidelines for conduct of certification examination as enclosed. The NSE may start certification for broker/dealers and salespersons in the derivative market on fulfillment of the conditions as laid down.
It has been decided to release a ceiling of 25000 MT of Powder Milk (Skimmed or Full Cream) whole and Infant Milk Food and 7,500 MT of Milk Ghee and Butter for export during the current licensing year of 1998-99. The above ceiling is placed at the disposal of Agricultural and Processed Food Products Export Development Authority (APEDA) who will issue Registration-cum-Allocation Certificate (RCACs) as per procedure to be specified by them.
I am directed to refer to representation dated 5th May, 1998 from M/s All India Association of Industries on the above subject. They have informed that their members are setting up various industrial projects and availing the facility of import of capital goods under leasing agreements. In case of import by different projects, the Bills of Entry are not being allowed to be filed in joint name of
I am directed to refer to Board’s Circular No. 27/98-Cus issued from F. No. 314/19/94-FTT dated 21.4.98. It has been provided in para 4 of the above said Circular that the depreciation for capital goods other than computers, at the following rates may be allowed
DGFT extends validity of certain licenses for Gujarat exporters until September 30, 1998, due to natural calamities in the coastal region.
Circular No.405/38/98-CX It has come to the notice of the Board that Commissioner forward in certain cases proposals for review of the Supreme Court decisions which are adverse to revenue. These proposals in most cases do not give any detailed reasons with facts and earlier case laws on the issues which may justify the Hon”ble Court being approached for a review/ reconsideration of their order. Copies of the relevant documents on records, various judgements, copies of authoritative opinion of experts/ trade organisations/ bodies or extracts from authentic technical books etc
Attention is invited to Paras 7.8, 7.9 and 7.10 of Handbook of Procedures, Vol.1, 1997-2002, published under the Ministry of Commerce Public Notiice No.1/1997-2002 dated 31.3.1997 and Handbook of Procedure, Vol.2, 1997-2002 published under the Ministry of Commerce Public Notice No.2/1997-2002 dated 31.3.1997.
