In exercise of the powers conferred by clause (a) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Government hereby appoints the ports specified in column (3) of the table below, situated in the State or, as the case may be, the Union territory specified in the corresponding entry in column (2) of the said table, to be Customs Port for the purposes specified
Notification No. S.O.832(E)-Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 10.5 per cent. (Tax-free) REC Bonds–2001 (XXVIth series) bearing distinctive numbers 600001 to 600060 face value of Rs. 6 lakhs at the rate of Rs. 10,000 each, 700001 to 700744 face value of Rs. 7.44 crores
Circular No. 693-Income tax Section 80HHC of the Income-tax Act allows a deduction from the gross total income of the entire profits derived from export of goods other than minerals. Finance (No. 2) Act, 1991 extended the benefit to export of processed minerals and ores mentioned in the Twelfth Schedule to the Income-tax Act. Item (x) of the Schedule mention “cut and polished minerals and rocks including cut and polished granite
exercise of the powers conferred by sub-clause (viii) of clause (10C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Indian Institute of Management, Bangalore, for the purposes of the said clause.
Circular No. 692-Income tax Reference is invited to the Board’s Circular No. 655, dated the 26th August, 1993, regarding deduction of income-tax at source from the payment of interest on securities for the financial year 1993-94.
Circular No. 78/78/94-CX I am directed to state that the Supreme Court in their judgement dated 1.9.94 in Civil Appeal No. 3197 of 1986 with C.A. Nos. 19-22/80, 3331/84, 3464/88, 1384-85/87, 3963/90 and 2867/91 has deicded the dispute arising out of High Court”s orders and CEGAT”s orders on the scope of term “Job-work” pertaining to the Notification 119 of 75
In exercise of the powers conferred by clause (a) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Government hereby appoints the airport mentioned in column (3) of the Table annexed here to, situated in the State or, as the case may be, the Union territory, specified in the corresponding entry in column (2) of the said table, to be Customs airports for the purpose specified in the corresponding entry in column (4) of the said table.
Notification No. S.O.1142-Income Tax In exercise of the powers conferred by clause (22B) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Press Trust of India Ltd., New Delhi, as a news agency set up in India soley for collection and distribution of news for the purposes of the said clause for the assessement years 1994-95, 1995-96 and 1996-97.
Circular No. 77/77/94-CX It has been brought to the notice of the Board that scrap generated by breaking of a ship etc. is not being allowed deemed modvat credit by certain field informations. The ship-breakers have also represented to the Board
the unit shall be required to have a premise(s) duly bonded under section 58 of the said Customs Act, for storage, of imported or domestically procured inputs and capital equipment and, of final products manufactured or produced therefrom.
