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Central Excise Tariff Act, 1985 Chapter 84

Title: Nuclear Reactors, Boilers, Machinery and Mechanical Appliances; Parts Thereof

State: Central

Year: 1985

.....8429 59 00 -- Other u 16% 8430 OTHER MOVING, GRADING, LEVELLING, SCRAPING, EXCAVATING, TAMPING, COMPACTING, EXTRACTING OR BORING MACHINERY, FOR EARTH, MINERALS OR ORES; PILE-DRIVERS AND PILE-EXTRACTORS; SNOW-PLOUGHS AND SNOW-BLOWERS 8430 10 - Pile-drivers and pile-extractors: 8430 10 10 --- Pile-drivers u 16% 8430 10 20 --- Pile-extractors u 16% 8430 20 00 - Snow-ploughs and snow-blowers u 16% - Coal or rock cutters and tunneling machinery: 8430 31 -- Self-propelled: 8430 31 10 --- Coal cutters u 16% 8430 31 20 --- Tunneling machinery u 16% 8430 31 90 --- Other u 16% 8430 39 00 -- Other u 16% - Other boring or sinking machinery: 8430 41 -- Self-propelled: 8430 41 10 --- Tube well drilling and core.....

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Central Excise Tariff (Amendment) Act, 2004 Chapter LXXXIV

Title: Nuclear Reactors, Boilers, Machinery and Mechanical Appliances; Parts Thereof

State: Central

Year: 2004

..... 8429 59 00 - Other u 16% 8430 OTHER MOVING, GRADING, LEVELLING, SCRAPING, EXCAVATING, TAMPING, COMPACTING, EXTRACTING OR BORING MACHINERY, FOR EARTH, MINERALS OR ORES; PILE-DRIVERS AND PILE-EXTRACTORS; SNOW-PLOUGHS AND SNOW-BLOWERS 8430 10 - Pile-drivers and pile-extractors: 8430 10 10 -- Pile-drivers u 16% 8430 10 20 --- Pile-extractors u 16% 8430 20 00 - Snow-ploughs and snow-blowers u 16% - Coal or rock cutters and tunneling machinery: 8430 31 -- Self-propelled: 8430 31 10 -- Coal cutters u 16% 8430 31 20 -- Tunneling machinery u 16% 8430 31 90 -- Other u 16% 8430 39 00 - Other u 16% - Other boring or sinking machinery: 8430 41 -- Self-propelled: 8430 41 10 -- Tube well drilling and core drilling machinery u 16% 8430 41 20 -- Petroleum and gas well drilling machinery u 16% .....

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Customs Tariff Act 1975 Chapter 84

Title: Nuclear Reactors, Boilers, Machinery and Mechanical Appliances; Parts Thereof

State: Central

Year: 1975

.....Other u [7.5%]37 - 8430 Other moving, grading, levelling, scraping, excavating, tamping, compacting, extracting or boring machinery, for earth, minerals or ores; piledrivers and pile-extractors; snow-ploughs and snow-blowers 8430 10 - Pile-drivers and pile-extractors: 8430 10 10 --- Pile-drivers u [7.5%]37 - 8430 10 20 --- Pile-extractors u [7.5%]37 - 8430 20 00 - Snow-ploughs and snow-blowers u [7.5%]37 - - Coal or rock cutters and tunneling machinery: 8430 31 -- Self-propelled: 8430 31 10 --- Coal cutters u [7.5%]37 - 8430 31 20 --- Tunneling machinery u [7.5%]37 - 8430 31 90 --- Other u [7.5%]37 - 8430 39.....

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Customs Tariff (Amendment) Act, 2003 Chapter LXXXIV

Title: Nuclear Reactors, Boilers, Machinery and Mechanical Appliances; Parts Thereof

State: Central

Year: 2003

..... 8429 59 00 - Other u 25% - 8430 OTHER MOVING, GRADING, LEVELLING, SCRAPING, EXCAVATING, TAMPING, COMPACTING, EXTRACTING OR BORING MACHINERY, FOR EARTH, MINERALS OR ORES; PILE-DRIVERS AND PILE-EXTRACTORS; SNOW-PLOUGHS ANDSNOW-BLOWERS 8430 10 - Pile-drivers and pile-extractors: 8430 10 10 --- Pile-drivers u 25% - 8430 10 20 --- Pile-extractors u 25% - 8430 20 00 - Snow-ploughs and snow-blowers u 25% - - Coal or rock cutters and tunneling machinery: 8430 31 -- Self-propelled: 8430 31 10 --- Coal cutters u 25% - 8430 31 20 --- Tunneling machinery u 25% - 8430 31 90 --- Other u 25% - 8430 39 00 -- Other u 25% - - Other boring or sinking machinery: 8430 41 -- Self-propelled: 8430 41 10 --- Tube well drilling and core.....

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Finance (No. 2) Act 1977 Chapter III

Title: Direct Taxes

State: Central

Year: 1977

.....in any Indian company which are issued to the public or are listed in a recognised stock exchange in India in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder; (vi) deposits for a period of not less than three years with the State Bank of India established under the State Bank of India Act, 1955 (23 of 1955) or any subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959) or any nationalised bank, that is to say, any corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) or any co-operative society engaged in carrying on the business of banking (including a co-operative land mortgage bank or a co-operative land development bank). Explanation 2 : "Cost" in relation to any new asset, being a deposit referred to in clause (vi) or Explanation 1. means the amount of such deposit. (2) Where the new asset is transferred or converted (otherwise than by transfer) into money, within a period of three years from the date of its acquisition, the amount of capital gain arising from the transfer of the.....

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Finance (No. 2) Act 1977 Section 18

Title: Insertion of New Section 80hha

State: Central

Year: 1977

..... (2) This section applies to any small-scale industrial undertaking which fulfils all the following conditions, namely :- (i) it begins to manufacture or produce articles after the 30th day of Sept., 1977 in any rural area; (ii) it is not formed by the splitting up, or the reconstruction, of a business already in existence : Provided that this condition shall not apply in respect of any small-scale industrial undertaking which is formed as a result of the re-establishment, reconstruction or revival by the assessee of the business of any such industrial undertaking as is referred to in section 33B, in the circumstances and within the period specified in that section; (iii) it is not formed by the transfer to a new business of machinery or plant previously used for any purposes; (iv) it employs ten or more workers in a manufacturing process carried on with the aid of power or employs twenty or more workers in a manufacturing process carried on without the aid of power. Explanation : Where in the case of a small-scale industrial undertaking, any machinery or plant or any part thereof previously used for any purpose is transferred to a new business and the total value.....

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Finance Act 1976 Chapter III

Title: Direct Taxes

State: Central

Year: 1976

.....or incorporated by or under a Central, State or Provincial Act and includes an institution declared section 3 of the University Grant Commission Act, 1956 (8 of 1956), to be a University for the purposes of that Act.. Section 12 - Omission of Section 54C Section 54C of the Income-tax Act shall be omitted. Section 13 - Amendment of Section 57 In section 57 of the Income-tax Act, the following proviso and Explanation shall be inserted at the end, with effect from the 1st day of June, 1976, namely :- Provided that nothing contained in clause (i) or clause (iii) shall apply in computing the income by way of dividends in the case of an assessee, being a foreign company. Explanation : For the purposes of this section and section 58, "foreign company" shall have the same meaning as in section 80B.. Section 14 - Amendment of Section 58 In section 58 of the Income-tax Act, after sub-section (2), the following sub-section shall be inserted, with effect from the 1st day of June, 1976, namely :- (3) In the case of an assessee, being a foreign company, the provisions of section 44D shall, so far as may be, apply in computing the income chargeable under the head "Income.....

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Finance Act 1976 Section 8

Title: Insertion of New Section 32a

State: Central

Year: 1976

.....(4), - (1) "new ship" or "new aircraft" or "new machinery or plant" shall have the same meanings as in the Explanation to clause (vi) of sub-section (1) of section 32; (2) an industrial undertaking shall be deemed to be a small-scale industrial undertaking, if the aggregate value of the machinery and plant (other than tools, jigs, dies and moulds) installed, as on the last day of the previous year, for the purposes of the business of the undertaking does not exceed ten lakh rupees; and for this purposes the value of any machinery or plant shall be, - (a) in the case of any machinery or plant owned by the assessee, the actual cost thereof to the assessee; and (b) in the case of any machinery or plant hired by the assessee, the actual cost thereof as in the case of the owner of such machinery or plant. (3) Where the total income of the assessee assessable for the assessment year relevant to the previous year in which the ship or aircraft was acquired or the machinery or plant was installed, or, as the case may be, the immediately succeeding previous year [the total income for this purposes being computed after deduction of the allowances under section 33 and section.....

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Finance Act 1968 Schedule III

Title: Third Schedule

State: Central

Year: 1968

The Third Schedule (See section 30) Amendments in the Income-Tax Act 1 Section 2. In clause (42A), for "twelve months", at both places, substitute "twenty-four months". 2 Section 10. (a) in clause (4A), for "non-resident account", substitute "Non-resident (External) Account"; (b) in clause (11), insert at the end "or from any other provident fund set up by the Central Government and notified by it in this behalf in the Official Gazette"; (c) in clause (15), after sub-clause (ii), insert - "(ii-a) interest on fixed deposits under any scheme framed by the Central Government and notified by it in this behalf in the Official Gazette, to the extent to which the amounts of such deposits do not exceed, in each case, the maximum amount which is permitted to be deposited therein;". 3 Section 16 For clause (iv), substitute - "(iv) where the assessee is not in receipt of a conveyance allowance, whether as such or as part of his salary, and owns a conveyance which is used for the purposes of his employment, a sum representing the expenditure incurred by him in its maintenance and as representing its normal wear and tear, calculated in respect of each calendar month.....

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Income Tax Act, 1961 Section 32A

Title: Investment Allowance

State: Central

Year: 1961

.....income chargeable under the head Profits and gains of business or profession of any one previous year. Explanation: For the purposes of this sub-section, actual cost means the actual cost of the ship, aircraft, machinery or plant to the assessee as reduced by that part of such cost which has been met out of the amount released to the assessee under sub-section (6) of section 32AB. (2) The ship or aircraft or machinery or plant referred to in sub-section (1) shall be the following, namely: (a) a new ship or new aircraft acquired after the 31st day of March, 1976, by an assessee engaged in the business of operation of ships or aircraft; (b) any new machinery or plant installed after the 31st day of March, 1976, (i) for the purposes of business of generation or distribution of electricity or any other form of power; or (ii) in a small-scale industrial undertaking for the purposes of business of manufacture or production of any article or thing; or (iii) in any other industrial undertaking for the purposes of business of construction, manufacture or production of any article or thing, not being an article or thing specified in the list in the Eleventh Schedule: .....

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