– In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with Paragraph 4.1 of Export and Import Policy, 1997 –2002, as amended; the Central Government hereby notifies the ITC(HS) Classifications of Export and Import Items 1997-2002 (Revised Edition: August, 1998) as contained in Annexure to this Notification.
Notification No. S. O. 2116-Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 120 the Income-tax Act, 1961 (43 of 1961), and the powers conferred on me by the Central Board of Direct Taxes, New Delhi, vide Notification No. 9565/F. No. 279/129/93-ITJ (Pt. II), dated July 5, 1994, and S. O. No, 504, dated July 5, 1994, and all other powers enabling me in this behalf and in partial modification of Notification No. 1/97-98
Notification No. S. O. 721(E)-Income Tax This notification contains amendment to Income-tax Rules, 1962 carried out on 25th August, 1998 not reproduced here as it is already contained in the body of the rules itself.
Notification No. S. O. 709(E)-Income Tax In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government having regard to seventy-five per cent. of the average rise in the Consumer Price Index for urban non-manual employees, hereby specifies the Cost Inflation Index as mentioned in column (3) of the Table below for the Financial Year
Notification No. S. O. 710(E)-Income Tax In exercise of the powers conferred by the second proviso to sub-section (1) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies following classes of persons to whom the provisions of the first proviso shall not apply
Notification No. S. O. 711(E)-Income Tax In exercise of the powers conferred under Explanation 4 to sub-section (1) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following places as the place of pilgrimage for the purposes of the aforesaid sub-section and travel to such places shall not be regarded as travel to any foreign country for the purposes of sub-section (1) of section 139
Notification No. S. O. 712(E)-Income Tax In exercise of the powers conferred under Explanation 4 to sub-section (1) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies that the expression “travel to any foreign country” used in this sub-section shall not include travel to following neighbouring countries
In Schedule XIV to’the Companies Act, 1956, under the heading PLANT AND MACHINERY”, under item (ii) relating to special rates, after sub-item D. 4, relating to Glass manufacturing concern–Direct fire glass melting furnaces, the following shall be inserted, namely
In exercise of the powers conferred by section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 4.1 of Export and Import Policy, l997-2002, the Central Government hereby makes the following amendments in the ITC(HS) Classifications of Export and Import Items, l997-2002 published on 31st March, 1997 and as amended from time to time.
Under the Scheme, manufacturer exporters, merchant exporters tied to supporting manufacturer(s) and service providers are eligible to import capital goods. For Agricultural exports, import of irrigation equipments may be allowed provided ownership of these equipments rest with the EPCG licence holder, such equipments are not sold or leased and list of places where the equipments are to be located is made available to the jurisdictional Asst. Commissioner of Customs and Excise.
