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March 2011

Schedule Entry C-39 to include import licences — Notification No. VAT.1510/CR.109/Taxation-1, dated 20-12-2010.

By Tarun Ghia, Brijesh Cholera, Pratik Mehta | Chartered Accountants
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Part B : INDIRECT TAXES


73 Schedule Entry C-39 to include import licences —
Notification No. VAT.1510/CR.109/Taxation-1, dated 20-12-2010.

Vide this Notification, Notified List in Schedule Entry C-39
for goods of incorporeal nature or intangible character, has been amended. Entry
3 has been substituted by Import Licences including Special Import Licence,
Duty-Free Advance Licence and any other Scrips issued under the Foreign Trade
Policy, from time to time under the Foreign Trade Development & Regulation Act,
1992. Entry No. 6 for credit of Duty Entitlement Pass Book, Entry No. 13 for
credit of Duty-Free Replenishment Certificate and Entry No. 14 for credits of
Duty Free Import Authorisation (DFIA) have been deleted w.e.f. 1-1-2011.


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