Certain measures were taken by SEBI yesterday i.e. (June 15, 1998) in consultation with the Inter-Exchange Surveillance Group and the Stock Exchanges regarding the introduction of concentration margins and incremental margin on Carry Forward trades. The market position was further reviewed today and in consultation with Stock
In exercise of the powers conferred by section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the taxable services provided by a tour operator to the Diplomatic Missions specified in column (2) of the Schedule hereto annexed from the whole of service tax leviable thereon under section 66 of the said Act.
Attention is invited to Paragraph 6.11 and 6.12 of the current Handbook of Procedures,Ist April, 1997- 31st March, 2002 (revised edition announced on 13.4.1998), which laid down the time schedule for fulfilment of EO under 10% EPCG Scheme and Zero Duty EPCG Scheme. The said time schedule is applicable to the EPCG licences issued on or after 5th June, 1995.
I am directed to say that there is immediate need for providing responsible and responsive tax administration. Quick two way communication between the Customs Department and the public/ Trade will certainly go a long way in reducing disputes, especially those relating to procedural lapses, and will also ensure improvement in efficiency of the Department in providing quality service to
Notification No. S. O. 1194-Income Tax It is notified for general information that M/s. Housing and Urban Development Corporation Ltd., Hudco Bhawan, India Habitat Centre, Lodhi Road, New Delhi-3, 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 1998-99 and 1999-2000.
Notification No. S. O. 1195-Income Tax It is notified for general information that M/s. Tamilnadu Power Finance and Infrastructure Development Corporation Ltd., 84, T. T. K. Road, Alwarpet, Chennai-18, 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 1998-99 and 1999-2000.
All edible oils which are presently freely importable under various Exim code headings shall be freely importable subject to the condition that the importer shall have to intimate within 15 (FIFTEEN) days from the date of import indicating the following information to the Directorate of Vanaspati, Vegetable Oils and Fats.
Circular No. 402/35/98-CX Kind attention is invited to Board”s instructions as contained in Circular No. 313/29/97-CX (F.No. 390/107/97-JC) dated 6.5.97 and as reiterated in Circular No. 332/48/97-CX dated 9.9.97 on the above subject.
Circular No. 401/34/98-CX The Government of has been concerned about the mounting litigations specially in CEGAT and apex court on carious issues concerning levy and collection of Customs and Central Excise duties and had been seriously examining steps to reduce such litigation. Thus, changes in the basic provisions of the law including rules, notifications and the tariff entries etc.
Circular No. 400/33/98-CX I am directed to draw your attention to notification No. 22/98-CE(NT) dated 4th June, 1998 (hereinafter referred to as the said notification) issued under the provisions of rule 174, superseding notification No. 13/92-CE (NT) dated 14.5.92. The provisions for exemption from registration under rule 174 and filing of a “declaration” remains the same as in the erstwhile notification 13/92-CE(NT), ibid, except the following changes that have been brought about by notification No. 22/98-CE (NT
