I am directed to enclose a copy of Notification No. 77/ 95-Cus1 dated 22.03.95 amending the Notification No. 69/95-Cus. dated 16.03.95 so as to prescribe customs duty of 25% on all goods (pulps) of heading Nos. 47.01 to 47.05. In para 1.2 read with para 38.1 of Notes Explaining Important Changes in Customs Duty also
Circular No. 700-Income tax Section 80-O of the Income-tax Act, 1961, provides for a deduction of 50% from the income of an Indian resident by way of royalty, commission, fees or any similar payment from a Foreign Government or enterprise
Circular No. 701-Income Tax As per sub-clauses (iiia) and (iiib) of section 2(24), read with section 17, of the Income-tax Act, 1961, any allowance, by whatever name called, given by the employer to the employee, is taxable as income in the hands of the employee. All allowances including Dearness Allowance, Additional Dearness Allowance, City Compensatory Allowance, House Rent Allowance, Meal Allowance
Kindly refer to notification No. 73/ 95-Customs dated 16th March, 1995 which amends Notification No. 161/92-Customs dated 20th April, 1992
All Industry rate of drawback against certain items of drawback Table (e.g. SS No. 1902, 1912, 1912, 1914, 2102, 3708(b) etc.] is admissible subject to certain conditions specified under the respective entries. The conditions inter alia include the following
The undersigned is directed to enclose copy of Notification No. 76/95-Cus. dated 20.03.95 amending Notification No. 69/95-Cus so as to provide that goods falling under sub-heading Nos. 2203.00, 2204.30, 2206.00 and 2207.20 will not be eligible for the rate of 50% prescribed at S. No. 71 of Notification No. 69/ 95-Cus
I am directed to say that the Board has been receiving requests on an annual basis from certain foreign shipping vessels for permission for sale of bools on broad the vessels while the same is docked at an Indian port. This permission has hitherto been given by the Board subject to the vessel obtaining the required no objection from
Circular No. 110/21/95-CX The undersigned is directed to enclose copy of Notification No. 74/95-CE dated 20.03.95 amending Notification No. 27/95-CE dated 16/03/95 so as to prescribe an excise duty of 20% on polyester mono filament yarn of 2000 denier age and above used in the manufacture of zip fasteners. In para 26.15 of instructions also
Circular No. 109/20/95-CX The undersigned in directed to enclose a copy of Notification No. 73/ 95-CE* dated 20.03.95 which restores the concessional duty of 15%vide erstwhile Notification No. 24/94- CE on paper and paperboard or articles made from atleast 50% be weight of unconventional raw materials.
Notification No.S.O.993 – Income Tax In exercise of the powers conferred by clause (23A) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Indian Institute of Industrial Engineering, Bombay, for the purpose of the said clause for assessment years 1994-95 to 1996-97 subject to the following conditions, namely
