Speedy clearance of applications for Import Licences. - Income Tax - 1115/CBDT

INSTRUCTION NO. 1115/CBDT Dated : November 9, 1977 As a measure to simplify and streamline the procedure to ensure a speedy clearance of the applications for Import Licences, the Central Government decided to change the existing procedure under which an applicant for an Import Licence has to furnish Income-tax Verification/Clearance Certificate from the Income-tax Officer concerned. Under the revised procedure, an applicant will have to furnish a declaration in the enclosed form along with his application for the Import Licence. The information given in the declaration form will be scrutinised and kept in view by the authorities in the Import and Export Department while deciding the request of the applicant for grant of Import Licence. 2. It has been agreed that a copy of the declaration will be forwarded by the Import and Export Department to the Income-tax Officer concerned for necessary verification of the correctness of the declaration. The Income-tax Officers have to ensure that the declarations are promptly verified, say, within fifteen days of their receipt, to ascertain whether all the facts have been correctly stated therein. If any wrong particulars are found to have been given, the fact should be promptly reported to the concerned officer in the Department of Import Export for taking necessary action in the matter. 3. The Commissioners are requested to please issue suitable instructions to ensure that the declarations received from the Department of Import and Export are promptly attended to by the Income-tax Officers.