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Export of Wheat to Bangladesh during 1998-99
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Export authorization for wheat to Bangladesh permits specified consignments along designated routes with APEDA-issued RCACs.
M/S PKS Ltd., Calcutta is authorised to export 20,000 MT of wheat to Bangladesh during 1998-99 at specified C&F and FOB rates, with shipment by road and/or rail via designated border crossings; consignments are to be placed at the disposal of APEDA for issuance of RCACs in favour of the exporter.
Amendment in the Handbook of Procedures (Vol.1) (RE-98), 1997-2002
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Import without licence allowed for buyer-supplied labels and trimming materials for goods made to specific foreign orders.
Amendment permits import without a licence of buyer-supplied or buyer-advised supplies to be attached to goods against specific foreign orders, including labels, price tags, hangers, PVC boxes, inlay cards, printed bags, stickers and trimming materials such as buttons, belts, shoulder pads, buckles, eyelets, hooks and eyes and rivets.
Allocation of new heads of accounts
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Service tax account heads designated for specified professional and agency services to ensure payments under prescribed accounts.
Service tax payers within newly brought-in service categories must remit tax, record other receipts and account for refund deductions exclusively under the prescribed Major, Minor and Sub-heads of Accounts listed in Annexure H, which specifies account codes for tax collections, other receipts and deduct refunds for each identified service category.
100% FDI - construction and maintenance of roads, highways, vehicular bridges, toll roads, vehicular tunnels, ports and harbours
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Foreign equity liberalisation for construction projects permits automatic approval for full foreign participation in specified infrastructure sectors.
Press Note permits 100% foreign equity on the automatic route for construction and maintenance of roads, highways, vehicular bridges, toll roads, vehicular tunnels, ports and harbours, subject to an overall project investment ceiling; it adds a new entry D-2 to Annexure III, modifies the related Part C entry, and requires applicants to specify activities using the National Industrial Classification when applying to the Reserve Bank of India.

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Acts Income Tax