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Notifications/Circulars

Circular No. 44/95-Custom Duty Dated 1/5/1995

May 1, 1995 667 Views 0 comment Print

I am directed to say that Automobile Association of Upper Indian have informed that Federation of Indian Automobile Association will continue guaranteeing the AIT/FIA Carnet-de-passage, in new format,1 a specimen copy of which is enclosed and to request that

Circular No. 120/31/95-Central Excise, Dated: 01.05.1995

May 1, 1995 454 Views 0 comment Print

Circular No. 120/31/95 CX I am directed to refer to the Point No. 5 of the minutes of the Principal Collector”s Conference held on the 20th / 21st January, 1995 regarding devising of the procedure / amendment of Rule where inputs on account of being defective are returned to the supplier of inputs as the trade has represented that invoices cannot be issued in such cases.

Circular No. 704-Income Tax dated 28-4-1995

April 28, 1995 4140 Views 0 comment Print

Circular No. 704-Income Tax Under the provisions of clause (42A) of section 2 of the Income-tax Act, 1961, the shares held in a company or any other security listed in a recognised stock exchange in India or units of the Unit Trust of India or units of a mutual fund specified under section 10(23D) shall be regarded as short-term capital assets if they are held by an assessee for not more than 12 months immediately preceding the date of its transfer

SEBI : Severance of connections with other businesses

April 27, 1995 511 Views 0 comment Print

It is observed that corporate applicants recently being admitted into various Stock Exchanges are engaged in businesses other than securities business like ICDs, leasing, hire purchase and bill discounting due to which SEBI is not in a position to consider their registration.

Circular No. 43/95-Custom Duty Dated 26/4/1995

April 26, 1995 943 Views 0 comment Print

Several instances have been brought to the notice of the Board wherein the Customs authorities have detected war materials (such as live shells, bombs, smoke bombs etc.) in consignment of heavy melting scrap imported a different ports and Inland container Depots at various locations in the country. The question

Circular No. 119/30/95-Central Excise, Dated: 25.04.1995

April 25, 1995 649 Views 0 comment Print

Circular No.119/30/95-CX I am directed to refer to Board”s Circular No. 14/ 93-Cx. 6 (F.No. 213/32/93/-CX.6) dated 27th October, 1993 seeking information out the feasibility of invoking the provisions of Section 11C in this case.

CVC”s advice for need to change the system of approving of Price Lists – Regarding

April 25, 1995 355 Views 0 comment Print

Circular No. 118/29/95-CX I am directed to enclose herewith a copy of reference dated 2.12.94 received from the Directorate of Vigilance of the above mentioned subject.

Circular No. 42/95-Custom Duty Dated 24/4/1995

April 24, 1995 538 Views 0 comment Print

The undersigned in directed to say that it has been brought to the notice of the Board that some local customs instructions were issued at Bombay airport to Air India during 1988 under which the Air India was prohibited from taking any through traffic via

SEBI : RBTI(G I Series) Circular No. 1 (95-96)

April 21, 1995 595 Views 0 comment Print

All bankers to an issue are hereby advised to submit quarterly reports for each quarter of the year and annual report for each financial year in respect of their activities as per formats enclosed. The quarterly report must be submitted within 3 weeks of the last day of the quarter and the annual report must be submitted within 2 months of the close of the financial year.

Circular No. 45/95-Custom Duty Dated 19/4/1995

April 19, 1995 679 Views 0 comment Print

On the basis of technical write-up/ literature submitted, it is observed that the article is an induction motor control apparatus comprising of a convertor, and inverter, a current detection device, a voltage detection device, an overheating device, a Central

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