It has come to the notice of the Board that many parties had fraudulently cleared imported cargo from Bonded warehouses under Sec. 90 of the Customs Act, 1962 duty free for delivery to Naval Ships. Similar clearances were also noticed duty free under Notfn. No. 211/ 83 for use as ship spares. The modus-operandi in both cases were to clear the goods from the bonds and divert them to the local
Notification No. S.O.123(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 specifies that every person who is assessed or liable to be assessed by an Assessing Officer under the control of any income-tax authority in India
I am directed to state that references have been received from the assessees and the field formations regarding the scope of “Computer software” for the purposes of exemption under S.No. 173 of notification No. 11/97-Cus. dated 1.3.97. References have also been received from the field formations whether the benefit of exemption is applicable to software used in telecom equipment or
Notification No. S.O. 104(E)-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the 15-75 per cent. (Taxable) Secured Redeemable Non-Convertible POWER GRID Bonds (V-Issue) bearing distinctive numbers from E-0000001 to E-2000000 aggregating to an amount of rupees two hundred crores only
Notification No. S.O. 100(E)-Income Tax bonds to be issued by the Alpic Finance Limited, a public company registered under the Indian Companies Act, 1956, and having its registered office at 6th Floor, New Excelsior Building, Wallace Street, Fort, Mumbai-400 001, of an amount not exceeding Rs. 37.50 crores, which are not transferable before 7 years from the date of its allotment
Notification No. S.O. 101(E)-Income Tax bonds to be issued by the Alpic Finance Limited, a public company registered under the Indian Companies Act, 1956, and having its registered office at 6th Floor, New Excelsior Building, Wallace Street, Fort, Mumbai-400 001, of an amount not exceeding Rs. 37.50 crores, which are not transferable before three years from the date of its allotment
In exercise of the powers conferred by sub-section (i) of Section 30 of the SEBI Act, 1992 whereby a corporate entity formed by converting the individual or partnership membership card of the exchange shall be exempted from payment of fee for the period for which the erstwhile individual or partnership member as the case may be has already paid the fees subject to the condition.
For all future correspondence on the matter you are advised to quote the following reference
In exercise of the powers conferred by suD-section (1) of section 9A of the Customs Tariff Act/1975 (51 of 1975), read with rule 18 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government, on the basis of the final findings of the designated authority, published in the Gazette of India, Extraordinary, Part 1, Section 1, dated the 5th January, 1998.
Notification No. S.O. 278-Income Tax It is notified for general information that the D. C. M. Housing Finance Ltd., 1st Floor, Kanchenjunga, 18, Barakhamba Road, New Delhi-110 001, has been approved by the Central Government as a Housing Finance Company for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1997-98 to 1999-2000.
