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Archive: August, 2009

Posts in August, 2009

Notification No. 126/2009-Customs Duty (N.T.), Dated: 28.08.2009

August 28, 2009 445 Views 0 comment Print

M/s Rico Steel, 135/141, T.P.Street, 6th Kumbharwada, Mumbai issued vide, F.No. DRI/AZU/INV-12/2008, dated the 27th May, 2009, by the Additional Director General, Directorate of Revenue Intelligence, Ahmedabad Zonal Unit, Ahmedabad.

SEBI : exchange traded intrest rate futures

August 28, 2009 577 Views 0 comment Print

market adjustments based on the underlying closing prices of the costliest security from the deliverable basket shall be charged on both buying client and selling client.

CBDT directed to re-opening of all cases under the search and seizure label and those claimed deduction u/s. 80IB, 80A

August 28, 2009 1342 Views 0 comment Print

The Central Board of Direct Taxes ( CBDT) has directed re-opening of all cases under the search and seizure label, income-escaping assessments and deductions claimed from profits and gains on all eligible businesses.

ITAT Mumbai Benches not functioning during the period 31.08.09 to 03.09.09

August 28, 2009 769 Views 0 comment Print

The following Bences will not function during the period 31.08.09 to 03.09.09 ” A-1, E-1, K, L & SMC” The cases are adjourned to respective dates.please see separate Notice.

Foreign Trade Policy 2009-14 – IT exemption U/s.10(A) & 10(B) extended till March 2011

August 28, 2009 1241 Views 0 comment Print

Announcing the foreign trade policy 2009-14 here on Thursday, Mr Anand Sharma, Union Commerce Minister said, the Government wanted to provide a stable policy environment conducive for foreign trade and accordingly, it has been decided to continue with the DEPB (Duty Entitlement Pass Book Scheme) up to December 2010 and income-tax benefits under Sec 10 (A) for IT industry and under Sec 10 (B) for 100 per cent export oriented units for one additional year till March 31, 2011.

Public Notice No. 2/2009-14, Dated: 27.08.2009

August 27, 2009 700 Views 0 comment Print

In exercise of powers conferred under Para 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby makes the following amendments in the Handbook of Procedures (Vol.1), 2009-14.

Public Notice No. 1/2009-14, Dated: 27.08.2009

August 27, 2009 1069 Views 0 comment Print

In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby notifies the Handbook of Procedures (Volume 1) as contained in Annexure to this Public Notice and the Appendices to the Handbook of Procedures (Volume 1). This shall come into force from 27th August, 2009.

Circular No. 895/15/2009-Central Excise, Dated: 27.08.2009

August 27, 2009 541 Views 0 comment Print

Attention is invited to Section 86 & 107 of the Finance Act, 2009 vide which amendment with effect from 1st July, 2003 has been carried out under Section 130 of the Customs Act, 1962 and Section 35G of the Central Excise Act, 1944 respectively to the effect that the High Court may admit an appeal after the expiry of the period of one hundred and eighty days if it is satisfied that there was sufficient cause for not filing appeal within the stipulated period. Similarly,

Policy Circular No. 03/2009-14, Dated: 27/08/2009

August 27, 2009 637 Views 0 comment Print

Representations have been received from the Marine Sector that they are unable to fully utilize the benefits granted under the abovementioned schemes. Accordingly, in consultation with Department of Revenue (Ministry of Finance).

Exchange Rate notification for Import / Export of goods wef 1st September, 2009

August 27, 2009 790 Views 0 comment Print

Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II annexed hereto into Indian currency or vice versa shall, with effect from 1st September, 2009 be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

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