In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Joint/Additional Commissioner of Customs, Inland Container Depot, Sabarmati, Ahmedabad to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on the Joint/Additional Commissioner of Customs (Import), Nhava Sheva, Raigad, Maharashtra for the purpose of adjudicating the matters relating to show cause notice pertaining to M/s Associated Petrochem Pvt. Ltd., 1/A, 2/A, Highway Commercial Centre.
In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 read with paragraph 1.3 of the Foreign Trade Policy (FTP), 2004-2009, as amended, the Central Government hereby makes the following amendments in FTP, 2004-2009 (Updated as on 19.4.2007).
The Genetic Engineering Approval Committee (GEAC), set up by the Ministry of Environment & Forests has accorded ‘one time approval’ for import of GM Soyabean oil (crude de-gummed/ refined form) derived from Round-up-Ready Soybean for the purpose of consumption after refining. Therefore, Condition No. 18 of Chapter 1A (General Notes Regarding Import Policy) notified vide Notification No.2 (RE-2006)/2004-2009 dated 7.4.2006 will not apply to the import of said Soyabean Oil till further orders.
In exercise of the powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) and also read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby makes the following further amendment to the 1st sentence of Paragraph 2.3 of Notification No. 38(RE-2007)/2004-2009, dated 15.10.2007 as amended through Notification No. 45(RE-2007)/2004-2009, dated 31.10.2007, and through Notification No. 61(RE-2007)/2004-2009, dated 12.12.2007; with immediate effect.
In exercise of powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992) and also read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby adds the following entry in Chapter 30 of Schedule 2 of ITC (HS) Classifications of Export and Import Items (1st September, 2004-31st March, 2009).
For exports during 2007-08, all Status Holders (having status recognition w.e.f 1.4.2007) exporting products covered under ITC HS Chapters 1 to 24, shall be incentivized with duty credit scrip equal to 10% of FOB value of agricultural exports (including benefits entitled under paragraph 3.8.2) provided that the total benefits for all status holders put together does not exceed Rs 100 Cr
The Reserve Bank of India (RBI) has clarified that a company in the structure of Hindu undivided family (HUF) cannot access public deposits if it is in the business of finance and on-lending. It can only access funds from relatives and family members. However, companies of such structures can access public deposits (inter-corporate deposits) as defined under the company law if their operation is other than financing.
Presently, clause 49 of Equity Listing Agreement requires the Audit Committee of an issuer company to monitor the utilisation of issue proceeds and to make appropriate recommendations to the Board of the issuer company.
To begin with, the mini derivative contract on Index (Sensex and Nifty) shall have a minimum contract size of Rs. 1 lakh at the time of its introduction in the market.
(i) in the preamble, in the proviso, after clause (iac), the following clause shall be inserted, namely:- (iad) the goods specified against serial No.22AA. of the said Table on or after the 1st day of April, 2009.; (ii) in the Table, after S.No.22A and the entries relating thereto, the following shall be inserted, namely:-
