Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 Circulars - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
  • Title Only
Law:
---- All Laws----
  • ---- All Laws----
  • Income Tax
  • Central GST Laws
  • SGST - State GST Laws
  • Customs
  • FTP - Foreign Trade Policy
  • SEZ - Special Economic Zone
  • FEMA - Foreign Exchange Management
  • Companies Law
  • SEBI - Securities & Exchange Board of India
  • IBC - Insolvency and Bankruptcy
  • LLP - Limited Liability Partnership
  • Trust and Society
  • PMLA - Money-Laundering
  • Indian Laws
  • Service Tax
  • Central Excise
  • DVAT - Delhi Value Added Tax
  • Reserve Bank of India
Year: ?
Publishing Year
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
  • 2001
  • 2000
  • 1999
  • 1998
  • 1997
  • 1996
  • 1995
  • 1994
  • 1993
  • 1992
  • 1991
  • 1990
  • 1989
  • 1988
  • 1987
  • 1986
  • 1985
  • 1984
  • 1983
  • 1982
  • 1981
  • 1980
  • 1979
  • 1978
  • 1977
  • 1976
  • 1975
  • 1974
  • 1973
  • 1972
  • 1971
  • 1970
  • 1969
  • 1968
  • 1967
  • 1966
  • 1965
  • 1964
  • 1963
  • 1962
  • 1961
  • 1960
  • 1959
  • 1958
  • 1957
  • 1956
  • 1955
  • 1954
  • 1953
  • 1952
  • 1951
  • 1950
  • 1949
  • 1948
  • 1947
  • 1946
  • 1945
  • 1944
  • 1943
  • 1942
  • 1941
  • 1940
  • 1939
  • 1938
  • 1937
  • 1936
  • 1935
From Date:
To Date:
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

Circulars
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
Instructions for the issuance of supplementary DEPB
Show AI Summary
Supplementary DEPB issuance for SAD adjustment permits original licence holders to claim additional export duty credit under revised rates.
Supplementary DEPBs permit original licence holders to claim additional entitlement from factoring SAD into DEPB rates; applications filed manually on the prescribed form with only the TR fee. Applicants may elect separate, consolidated per-port, or computer-split supplementary DEPBs; the option is irrevocable. Licence fee is paid on consolidated supplementary value per Appendix-29; supplementary DEPBs carry the original FOB value, are valid for 12 months, follow original late-cut and actual-user conditions (with possible transferable endorsement on proof of realisation), and must be filed by the prescribed deadline.
Schedule of DEPB Rates
Show AI Summary
Duty Entitlement Passbook Scheme calculation now requires deemed import content plus customs duty and SAD; revised DEPB rates notified.
Director General of Foreign Trade corrects Handbook para to require DEPB duty credit be calculated using the deemed import content per SION together with basic customs duty and SAD on those deemed inputs and by considering value addition; correction effective 01.04.2002. DGFT notifies a consolidated Schedule of DEPB Rates (Annexure I) effective 01.04.2002 except where Annexure II specifies alternate effective periods; general instructions set exclusions, application on date of "let export", use of value cap/FOB lower value, precedence of specific rates, CKD/SKD and composite product treatment, extraneous material tolerance and formulation rules.
Export of Preferential Raw Cane sugar
Show AI Summary
Preferential raw cane sugar tariff rate quota allocated for export to USA with a sole exporter designated for administration.
A quantity of raw sugar from the 2002-2003 free sale portion is allocated as a Preferential Raw Cane sugar Tariff Rate Quota for export to the USA and placed at the disposal of M/s Indian Sugar Exim Corporation Ltd., which is authorised as the sole exporter; existing procedures for GSP certification and other prescribed export certifications remain applicable.
Amendments/ Addition in SION
Show AI Summary
Standard Input-Output Norms amendment updates SION entries and substitutes input norms across chemicals, electronics, engineering and plastics.
Public Notice No. 61(RE-02) directs amendments, substitutions and additions to the Standard Input-Output Norms in the Handbook of Procedures Vol.2. It implements corrections listed in Annexure A and adds new SION entries for chemicals (A-3134-A-3140), electronics (B-258), engineering (C-1859-C-1862) and plastics (H-520-H-524), substituting input lists and quantitative norms, amending import item descriptions, adding inputs and footnotes, and specifying application conditions and limited validity where indicated.
Computation of DEPB rates with the incidence of SAD
Show AI Summary
DEPB rate computation now includes deemed import content and both basic customs duty and SAD in duty credit calculation.
Duty credit under the Duty Entitlement Passbook Scheme (DEPB) shall be computed by reference to the deemed import content under SION and by including both basic customs duty and special additional duty (SAD) payable on those deemed imports; value addition by export must also be considered. The worksheet for DEPB rate computation is amended to list inputs, CIF values, and separate rates for basic duty and SAD, and to compute effective duty per input as CIF x (basic duty rate + SAD rate), with totals used to fix the DEPB rate.
ON-LINE MODE OF FILING APPLNS
Show AI Summary
Online advance licence filing guidance clarifies selection steps to ensure correct file number generation and section routing.
Guidance requires exporters to update the DES MASTER DETAILS and use the SION STATUS selector: select "NO NORMS COMMITTEE" and do not click Direct Approval for no norms cases to route to ZALC; select "SION" and click Direct Approval for norms fixed cases to route to the appropriate licensing section. Generated file numbers indicate the processing section and should be checked after submission.
DTA sales of non ITA-1 items, website for EOU/ SEZ, addition of AEZs, notification of EPC for EOU/ SEZ
Show AI Summary
EOU web presence requirement: new units must have website and permanent email before LUT execution, limiting imports and DTA sales.
All EOUs must maintain a dedicated website and permanent e-mail; LUT execution for new units is conditional on these facilities and Development Commissioners may withhold imports and DTA sales if absent. Appendix 14B lists non ITA I items permitted for DTA sale, including colour display tubes and deflection components. Restrictions on polyester yarn units prohibit job work with EOU/EPZ/DTA (with limited dyeing exception) and mandate direct exports, while detailed procedures govern sale of surplus power and additions are made to Agri Export Zones and the Export Promotion Council list.
Back to back L/C against DFRC, EO extension under AL, condition for import/ export
Show AI Summary
Export obligation extensions now subject to staged composition fees and strict eligibility, with back-to-back inland LCs allowed for DFRC holders.
The notice makes Countries of Imports/Exports subject to ITC (HS) Schedule II conditionality; confirms Advance Licence and DFRC holders may obtain back to back inland LCs from banks in favour of indigenous suppliers; and revises EO extension rules to permit staged extensions on payment of composition fees calculated on the higher of two measures of unfulfilled obligation, while excluding erstwhile value based licences and licences tainted by misrepresentation, fraud or adjudication orders.
Base for computation of the DEPB rate when the exchange rate on the date of “let export” exceeds the actual realisation rate
Show AI Summary
Use of notified exchange rate ensures DEPB credit is calculated based on the let export date rate despite lower realisation.
The Ministry of Finance notified exchange rate applicable on the date of "let export" is to be used to convert foreign currency export receipts into rupee equivalents for DEPB credit computation; if that notified rate exceeds the rate actually realised, the notified rate nonetheless governs DEPB calculations and regional licensing authorities must apply it per Handbook of Procedures (Vol I) para 4.43.
Amendment in import policy
Show AI Summary
Tariff rate quota allocation updated; application deadline extended and prior import modalities remain unchanged procedures.
The amendment revises the procedure for allocation of the Tariff Rate Quota (TRQ) for 2002-03 by substituting the last line of paragraph 2 of the earlier public notice to require that completed application forms together with prescribed documents must reach the Office of the Directorate on or before 22nd January, 2003. All other allocation modalities, eligibility criteria and procedural requirements previously prescribed remain unchanged.
SUGGESTION SCHEME
Show AI Summary
Suggestion scheme invites stakeholder proposals for administrative improvement; accepted suggestions will be reviewed at appropriate levels and recognized publicly.
Suggestion scheme invites employees and trade stakeholders to submit proposals by suggestion box or email to the Head of Office; submissions will be examined at the appropriate administrative tier (regional, zonal or headquarters) and, if suitable, implemented, with accepted contributors formally informed and commended.
Amendments/ Corrections in the Schedule of DEPB Rates
Show AI Summary
Amendments to DEPB rates alter export entitlement rates and value caps for multiple product groups and entries.
Amendments to the DEPB rates schedule revise DEPB rates and associated value caps for specified export products across Product Groups including Engineering, Chemicals, Textiles, Sports Goods and Miscellaneous, through additions, corrections and deletions; listed corrections and referenced earlier amendments are stated to come into effect from 1.4.2002.
Amendments/ Addition in SION
Show AI Summary
Suspension of Standard Input Output Norms permits exporters to obtain advance licences on self-declaration under the Duty Exemption Scheme.
The Standard Input Output Norms at Sl. No. C-381 are suspended pending review by the Advance Licensing Committee; during suspension exporters may obtain advance licences under the Duty Exemption Scheme on self-declaration under paragraph 4.7 of the Handbook of Procedures from the Regional Licensing Authorities.
Amendments/ Addition in SION
Show AI Summary
Amendments to Standard Input Output Norms update permitted import inputs and quantities for export products, adding new SION entries.
Director General of Foreign Trade amends the Standard Input Output Norms by directing corrections, substitutions and deletions to existing SION entries and by adding new SION entries across Chemicals & Allied Products, Engineering Products, Food Products and Plastic Products. Amendments restate input-component lists, permitted quantities, alternative input options, net-to-net accountability clauses, packaging and consumables provisions, and cif-value limits for certain inputs; the Handbook of Procedures, Vol.2 is to be updated accordingly.
Default in Realization of Export proceeds against DEPB
Show AI Summary
Default in export realization may trigger licence suspension and IEC freezing unless proof of realization is submitted promptly.
Default in realization of export proceeds under DEPB occurs when exporters fail to submit file-wise proof of realization in the prescribed format; they must submit bank evidence and obtain a closure memo, failing which they will be declared defaulters without further notice. Administrative consequences include stoppage of fresh licence issuance and freezing of the IEC at Customs. A proforma bank certificate is provided to record bank reference, shipping bill details, amounts realised in foreign exchange and rupees, date of realisation and required signatures.

Circulars

Back

All Circulars

Showing Results for :
Reset Filters
No Records Found

Circulars

Back

All Circulars

Showing Results for : Reset Filters

Topics

Acts Income Tax