Circular No. 346/62/97-CX It has been brought to the notice of the Board that there are delays in acceptance of bond furnished by an exporter under Rule 13 of Rule 14 of the Central Excise Rules, 1944 which adversely affect their export schedule. It has been emphasized time and again that the exports should be given top priority and the best possible facilitation measures should be taken to promote exports.
Circular No. 345/61/97-CX Whether the items emerging during the course of ship breaking falling outside the ambit of Section XV of the Schedule to the Central Excise Tariff Act, 1985 would be treated as excisable and are chargeable to Central Excise Duty.
In continuation of Circular No. 31/ 97-Cus dated 17th Oct., 1997, on the above subject, the Govt. have further decided that the exporters may be allowed to file supplementary claims for the exports covered under the Serial / Sub-Serial Nos. 52.03, 60.02, 61.01, 61.02, 62.01, 62.02, 62.11, 63.06, 63.061, 63.09 and 63.11 specified in the Notification No. 53/ 97-Cus (N.T.) dated 17th Oct., 1997 in
The issues streamlining the procedures for clearance of Air Cargo Complex in order to reduce congestion and to ensure faster clearance of import as well as export goods from Air Cargo Complexes have been considered by Export Promotion Board recently and the following further decision have been taken by Board for immediate compliance
Circular No. 344/60/97-CX Representations have been received from the Trade regarding denial of Modvat Credit on Transformer Oil used in the manufacture of transformers on the ground that the said item can not be treated as an input under Rule 57A of Central Excise Rules, 1944.
For the purposes of this notification, the expressions “Gold in any form including liquid gold” and “Silver in any form” shall include medallions and coins, but shall not include jewellery made of gold or silver and foreign currency coins.
Circular No. 757-Income Tax Reference is invited to Circular No. 747, dated 2nd December, 1996 wherein the rates of deduction of income-tax from the payment of income under the head “Salaries” under section 192 of the Income-tax Act, 1961, during the financial year 1996-97, were intimated. The present Circular
Notification No.S.O.2776 – Income Tax It is notified for general information that M/s. Happy Home profin Ltd., Suite A-I, 75, C. P. Ramaswamy Road, Abiramapuram, Chennai-600 018, have 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 1998-99
Until a few years ago, Haj Pilgrims used to board the vessel from Bombay Port and on their return journey, disembark at Bombay. Due to changed circumstances, now Haj Pilgrims travel by Air only and at present they board the Aircrafts from 6 different major Airports. Ministry of Civil Aviation and Air India have stated that wherever landing facility for wide bodied 747 Jumbo Aircrafts is
I am directed to refer to the various ICDS/ CFSs approved by IMSC / Board to facilitate import / export work from time to time. The staff is being sanctioned by Board to deal with customs work at such places. Staff for all the new ICD is being sanctioned on cost recovery basis. Government of India have approved norms for sanction of Customs Staff for ICD and CFS as under
