The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-Section (i)
PUBLISHED BY AUTHORITY
No. 162] NEW DELHI, MONDAY, AUGUST 8, 1966/SRAVANA 17, 1888
Separate paging is given to this Part in order that it may be filed
as a separate compilation.
MINISTRY OP FINANCE
(Department of Revenue & Insurance)
NOTIFICATION
New Delhi, the 8th August 1966
G.S.R. 1226.—In exercise of the powers conferred by Section 280ZE of the Income-tax Act, 1901 (43 of 1961). read with section 280ZC thereof and of all other powers enabling it in this behalf, the Central Government hereby makes the following further amendments to the Tax Credit Certificate (Experts) Scheme, 1965, namely:—
In the said Scheme, in paragraph 3,-
(a) in sub-paragraph (1), the brackets and figure "(1) at the commence- ment shall be omitted and before the Table, the following proviso shall be inserted, namely:—
584 T l iE GAZETTE OF INDIA EXTRAORDINARY [PART ll-3KC. 3 (i)J(ii) the sale proceeds whereof are received in India In accordance with the Foreign Exchange (Regulation) Act, 1947 (7 of 1947) and the rules made thereunder after the said date,
the certificate shall be granted for an amount calculated at 16/25 of the rate specified in column (3) of the said Table in respect of such goods or merchandise;
(b) in the case of any such goods or merchandise, the date of export of which falls alter the 5th day of June, 1966, the rate specified in column (3) of the said Table in respect of such goods or merchan- dise shall be deemed to be nil and accordingly no certificate shall be granted in respect of such goods or merchandise.";
(b) sub-paragraph (2) shall be omitted.
2. This notification shall be deemed to have come into force on the 6th day of June. 1966.
[No. F. 13/27/66-TC(E).l R. C. DUTT, Secy