In exercise of powers conferred by sub-section (2) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rule 13 and rule 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for determination of Injury) Rules, 1995, the Central Government hereby rescinds the notif...

Rate of exchange applicable for the purposes of calculation of anti-dumping duty shall be the rate which is specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers under sub-clause (i) of clause (a) of sub-section (3) of section 14 of ...

According to Regulation 33(3) of SEBI (Mutual Funds) Regulations 1996, the units of a close ended scheme may be converted to open ended scheme, if the offer document of such scheme discloses the option and the period of such conversion or the unitholders are provided with an option to redeem their units in full....

In exercise of the powers conferred by clause (iii) of Explanation 2 to the proviso to sub-section (1) of section 3 of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby makes the following amendments in the notification of the Government of India, in the erstwhile Ministry of Finance (Department of Revenue) No.64/200...

In exercise of the power conferred by Explanation 2 to the proviso to sub-section (1) of section 3 of the Central Excise Act, 1944 (1 of 1944), and in supercession of the notifications of the Government of India in the erstwhile Ministry of Finance (Department of Revenue), Nos. 4/86-Central Excises, dated the 20th January, 1986 [G.S.R. 44...

directed to forward herewith a copy of the Companies (Second Amendment) Act, 2002 (No.11 of 2003) published in the Gazette of India (Extraordinary) on 14th January, 2003 for your information and necessary action....

In exercise of the powers conferred by sub-rule (3) of rule 19 of the Central Excise Rules, 2002, the Central Board of Excise and Customs hereby makes the following further amendment in the Notification of the Government of India...

The principal notification was published in the Gazette of India vide notification No. 62/94-Customs (NT), dated the 21st November, 1994 [S.O.829 (E), dated the 21st November, 1994] and last amended by notification No. 3/2003-Customs (NT), dated the 14th January, 2003....

In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962 (52 of 1962) and in supercession of the notification of the Government of India in the Ministry of Finance & Company Affairs (Department of Revenue) No.82/2002-NT-Customs, dated the 26th December, 2002 [S.O.1368(E)...

In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of Customs Act, 1962 (52 of 1962) and in supercession of the notification of the Government of India in the Ministry of Finance & Company Affairs (Department of Revenue) No.81/2002-NT-Customs, dated the 26th December, 2002 [S.O.1367(E) dat...

Notification No.27 - Income Tax In exercise of the powers conferred by section 295 read with sub-section (4C) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely...

Notification No.25 - Income Tax It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003, 2003-2004 ...

Notification No.24 - Income Tax It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003, 2003-2004 ...

In terms of Para 2.56 of Handbook of Procedure, Vol. I of 2002-2007 EXIM Policy, in cases where the exporter is denied benefit of one export promotion scheme by Customs or DGFT, he is permitted to avail benefit of another export promotion scheme provided otherwise he is entitled to the benefit of such scheme. DOR has issued couple of Circ...

Constitution of an Advisory Committee to be called the National Advisory Committee on Accounting Standards under section 210A(1) of the Companies Act, 1956....

The principal notification No. 64/2002-Central Excise, dated the 31st December, 2002 was published in the Gazette of India, Extraordinary vide G.S.R. 860 (E) dated the 31st December, 2002....

Companies have approached the department and courts for refund of the excess registration fees paid by them on account of the said anomaly....

This notification intends to take care of the technical changes adopted in the numbering scheme for Customs classification through Customs Tariff (Amendment) Ordinance, 2003 (1 of 2003). These amendments do not involve any substantive changes in the existing regulations. Hence, the particulars of the individual regulation are not indicat...

This notification intends to take care of the technical changes adopted in the numbering scheme for Customs classification through Customs Tariff (Amendment) Ordinance, 2003 (1 of 2003). These amendments do not involve any substantive changes in the existing rules. Hence, the particulars of the individual rule are not indicated....

This notification intends to take care of the technical changes adopted in the numbering scheme for Customs classification through Customs Tariff (Amendment) Ordinance, 2003 (1 of 2003). These amendments do not involve any substantive changes in the existing notifications. Hence, the particulars of the individual notification are not indi...

This notification intends to take care of the technical changes adopted in the numbering scheme for Customs classification through Customs Tariff (Amendment) Ordinance, 2003 (1 of 2003). These amendments do not involve any substantive changes in the existing notifications. Hence, the particulars of the individual notification are not indi...

This notification intends to take care of the technical changes adopted in the numbering scheme for Customs classification through Customs Tariff (Amendment) Ordinance, 2003 (1 of 2003). These amendments do not involve any substantive changes in the existing notifications. Hence, the particulars of the individual notification are not indi...

This notification intends to take care of the technical changes adopted in the numbering scheme for Customs classification through Customs Tariff (Amendment) Ordinance, 2003 (1 of 2003). These amendments do not involve any substantive changes in the existing notifications. Hence, the particulars of the individual notification are not indi...

The principal notification No. 30/97-Cus. (N.T.) dated 7th July, 1997 was published in Gazette of India Extraordinary Part-II, Section 3, Sub-section(i), dated 7th July, 1997 under GSR 366(E) and was last amended vide notification No. 18/2002-Cus.(N.T.), dated 7th March, 2002 published in Gazette of India Extraordinary Part-II, Section 3,...

whereas, the National Committee, being satisfied that the project or scheme is being executed properly, made further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962, for specifying the said project or scheme for further period of three years...

National Committee, being satisfied that the project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962...

Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 698(E) dated the 3rd October, 1997, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 2...

In exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government on the recommendations of the National Committee, ...

the National Committee, being satisfied that the project or scheme is being executed properly, made further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962, for specifying the said project or scheme for further period of three years...

The Policy relating to Duty Entitlement Passbook Scheme (DEPB) Scheme is given in Chapter-4 of the Policy. The duty credit under the scheme shall be calculated by taking into account the deemed import content of the said export product as per SION and the basic custom duty and special additional duty ( SAD) payable on such deemed imports....

The Re-export of Imported Goods (Drawback of Customs Duties) Rules,1995 were modified vide Customs notification No.36/95-Cus. (NT) dated 26th May, 1995 Which was published in the Gazetted of India (Extraordinary), vide GSR No. 440(E) dated the 26th May, 1995 and it was last amended by Notification No.29/99-Cus (NT) dated the 11th May, 19...

The principal notification No.21/2002-Customs dated the 1st March, 2002 was Published in the Gazette of India, (Extraordinary) vide GSR No.118 (E), dated the 1st March, 2002 and last amended by Notification No. 4/2003-Customs dated, the 3rd January,2003 vide GSR No. 6(E), dated the 3rd January,2003....

The principal notification No.28/97-Customs dated the 1st April, 1997 was published in the Gazette of India, (Extraordinary) vide GSR No.184 (E), dated the 1st April, 1997 and lastly amended by Notification No. 113/2002-Customs, vide GSR No. 704(E), dated the 16th October,2002....

Commissioner of Customs (Preventive), New Delhi has brought a case of misuse of Duty Drawback Scheme where the exporters tried to avail benefits of Drawback Scheme by misdeclaring export goods as 'leather harness' whereas on an actual examination the consignments were found to contain rags of leather hunters/whips on which no drawback is ...

The Engineering Export Promotion Council has represented that duty drawback rates in respect of these products have been determined by taking into consideration only 'Steel' as the input. Therefore, they should be permitted to avail of the Cenvat facility as regards the other inputs other than 'Steel', for example, consumables, furnace oi...

The principal notification No. 105/99-Customs, dated the 10th August, 1999 was published in the Gazette of India Extraordinary vide G.S.R 582 (E), dated the 10th August, 1999 and was last amended by notification No. 145/2002-Customs, dated the 31st December, 2002....

Circular No. 690/06/2003-CX I am directed to say that doubts have been raised regarding leviability of Central Excise Duty on "Steel Formers" consumed captively in the Induction Furnaces. "Steel formers" are hollow cylindrical profiles. They are placed inside the crucible of the Induction Furnace. The space between the crucible and the f...

directed to forward here with a copy of the Companies (Amendment) Act, 2002 published in the Gazette of India (Extraordinary) on 1st January, 2003 for your information and necessary action....

In exercise of powers conferred under section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Export and Import Policy, 2002-2007, the Central Government hereby makes the following amendments in the ITC(HS) Classifications of Export and Import Items , 2002-2007 published on 31st March, 2002 a...

In exercise of the powers conferred by sub-rule (1) of rule 3 of the Customs Tariff (Transitional Product Specific Safeguard Duty) Rules, 2002, and in supersession of notifications of the Government of India in the erstwhile Ministry of Finance (Department of Revenue) No. 45/97-Customs(NT), issued vide G.S.R. No. 542(E), dated the 16th Se...

In continuation to this Department's General Circular No. 9/2002 dated 18.4.2002, it is clarified that for Housing Finance Companies registered with the National Housing Bank under Housing Finance Companies (NHB) Directions, 2001...

I am directed to forward herewith a copy of the Notifications published in the Gazette of India (Extraordinary) for your information and necessary action:- ...

Henceforth whenever the Development Commissioner receives proposals for sale of surplus power, it would be examined in consultation with the State Government, including State Electricity Board. This shall, however, not apply to sale of power within the EPZ/ SEZ. The Development Commissioner will report the norms on raw materials and consu...

Therefore, in exercise of the powers conferred by sub-section (1) of section 8A of the said Customs Tariff Act, the Central Government, hereby directs that the First Schedule of the said Customs Tariff Act shall be amended in the following manner, namely....

Rate of exchange applicable for the purposes of calculation of such anti-dumping duty shall be the rate which is specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of se...

The principal notification No.40/2002-Customs dated the 12th April 2002, was published in the Gazette of India Extraordinary vide G.S.R 281 (E) dated the 12th April 2002 and was last amended by notification No.87/2002-Customs dated the 27th August, 2002....

Notification No.15 - Income Tax It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2001-2002, 2002-2003 ...

Notification No.14 - Income Tax In exercise of the powers conferred by sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, the Central Government hereby notifies the Maulana Azad Education Foundation, New Delhi for the purpose of the said sub-clause. ...

Notification No.13 - Income Tax In exercise of the powers conferred by sub-clause (f) of clause (iii) of subsection (3) of section 194A of the Income-tax Act, the Central Government hereby notifies the Tourism Finance Corporation of India Limited, New Delhi for the purpose of the said sub-clause...

In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 1.1 of the Export and Import Policy, 2002-07, the Central Government hereby amends/corrects the Export and Import Policy, 2002-07 as under....

Disqualification of Directors under Section 274(1)(g) of the Companies Act, 1956 – Clarificar...

SEBI, in its endeavor, to make processing of application for registration/renewal simpler, speedier and effective, advise all the existing/prospective 'Portfolio Managers....

The principal notification was published in the Gazette of India vide notification No. 62/94-Customs (NT), dated the 21st November, 1994 [S.O.829 (E), dated the 21st November, 1994] and last amended by notification No. 50/2002-Customs (NT), dated the 29th July, 2002....

Circular No.689/5/2003-CX I am directed to say that Board has observed that different practices are being followed in field formations on the issue of maintenance of records by first stage and second stage dealers and pre-authentication of invoices issued by second stage dealers/ dealers of imported goods. Instances have come to the noti...

I am directed to refer to the instructions contained in Board's Circular No. 47/2002-Cus., dated 29.07.2002, on the above subject and to say that some references have been received in the recent past seeking Board's clarification whether the goods imported and bonded in a warehouse can be permitted to be cleared for the purpose of export ...

The mention of the particular matters referred to in sub-sections (3) to (8) shall not be held to prejudice or affect the general application of section 6 of the General Clauses Act, 1897 (10 of 1897) with regard to the effect of repeal....

The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 25/99-Customs, dated the 28th February, 1999 [G.S.R.161 (E), dated the 28 th February, 1999] and was last amended vide notification No. 108/2002- Customs, dated the 10th October, 2002....

In exercise of the powers conferred by sub-rule (2) of rule 3 of the Central Excise Rules, 2002, the Central Board of Excise and Customs hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance, Department of Revenue, No.14/2002-Central Excise (N.T.), dated the 8th March, 2002...

In exercise of powers conferred by clause (b) of section 2 of the Central Excise Act, 1944 read with sub-rule (1) of rule 3 and rule 33 of the Central Excise Rules, 2002, the Central Board of Excise and Customs makes the following further amendment in the notification of the Government of India...

Reopening/revision of annual accounts after their adoption in the annual general meeting. In partial modification of earlier view on re-opening/revision of annual accounts, this Department had clarified in 1987 that a company could reopen and revise its accounts even after their adoption in the annual general meeting in order to comply wi...

the Exchanges shall also be required to inform SEBI within 7 days from the date of submission of the relevant audited results of cases where companies have failed to remove audit qualifications. ...

Notification No.11- Income Tax It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Incometax Rules, 1962, for the assessment years 2002-2003, 2003-2004 an...

In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation ) Act, 1992 (No. 22 of 1992) read with Paragraph 1.1 of the Export and Import Policy, 2002-07, the Central Government hereby amends the Export and Import Policy, 2002-07 as under....

Fluctuation in the exchange rate would mean appreciation in the value of rupee at times or depreciation in its value some other times. Recently, due to continuous appreciation of Indian Rupee vis a vis major currencies, it is possible that the rate notified by Ministry of Finance may exceed the rate which export proceeds were actually rea...

However such extensions would not be permitted in the case of the erstwhile Value Based Advance Licences (VABALs). Additionally, no extension in export obligation would be allowed in respect of licences where misrepresentation/ fraud has come to the notice of the licencing authorities. Further, in respect of licences where adjudication or...

In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 1.1 of the Export and Import Policy, 2002-07, the Central Government hereby amends/corrects the Export and Import Policy, 2002-07 as under....

However, it has come to the notice of the Department that an interpretation is being made that cost auditor can be a member of audit committee. It is reiterated that the cost auditor cannot become a member of audit committee and wherever...

Taking into consideration the requests from eligible entities, the Directorate General of Foreign Trade in exercise of powers conferred under Paragraph 2.4 of the Export and Import Policy 2002-2007, as notified in the Gazette of India extraordinary, Part-II Section 3, sub Section (ii) vide S.O. No. 349(E) dated 31.03.2002 as amended from ...

Notification No.10 - Income Tax In exercise of the powers conferred by sub-section (6) of section 120 of the makes the following amendments in the notification of the Government of India, Ministry of Finance, (Department of Revenue), Central Board of Direct Taxes, number S.O. 883(E) dated 14th September, 2001, namely...

I am directed to say that doubts have been raised regarding classification of certain services which appear to fall under two or more categories simultaneously. Some instances where such problems have arisen relate to Management Consultants vs. Manpower Recruitment Services, Mandap Keepers vs. Convention Services, Rent-A-Cab Scheme vs. T...

this notification, will not apply in relation to, any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business...

this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business...

this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business...

this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business...

this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business...

The anti-dumping duty imposed under this notification shall not be levied on the subject goods if imported by Mahavir Mirror Industries, No. 3 Devraj Mudali Street, Chennai-3, in view of the directions given by the High Court of Judicature at Madras....

Notification No.9 - Income Tax In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of section 138 of the Income-tax Act, 1961, (43 of 1961), the Central Government hereby specify Central Provident Fund Commissioner, Employees' Provident Fund Organisation, India or any other officer, not below the rank of Regional Provident ...

Notification No.8 - Income Tax In exercise of the powers conferred by the clause (22B) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the "The Press Trust of India Limited, New Delhi" as a news agency set up in India solely for collection and distribution of news for the purposes of the sa...

The Central Government is satisfied that according to a practice that was generally prevalent regarding levy of duty (including non-levy there of) under the Customs Act, 1962 (52 of 1962) and said Customs Tariff Act on the goods imported by several importers as mentioned in paragraph, 4 and 5 above, the special additional duty of customs ...

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sub-section (3) of section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of1957), Central Government, being satisfied that it is necessary in the public interest so to do, hereby di...

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the erstwhile Ministry of Finance (Departme...

G.S.R. 5(E).- In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of section 642 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules further to amend the Companies (Central Government's) General Rules and Forms, 1956, namely...

In exercise of powers conferred under paragraph 2.4 of the Export and Import Policy, 2002-07 and paragraph 1.1 of Handbook of Procedures (Vol.1), the Director General of Foreign Trade hereby makes the following amendments/additions/corrections in the book titled "Schedule of DEPB Rates....

Attention is invited to Paragraph 2.4 of the Export and Import Policy 2002-2007, as amended and Paragraphs 4.9 and 4.10 of the Handbook of Procedures, Vol.1, 2002-2007, as amended and also to the Handbook of Procedures, Vol.2, 2002-2007, as amended from time to time....

Attention is invited to Paragraph 2.4 of the Export and Import Policy 2002-2007, as amended and Paragraphs 4.9 and 4.10 of the Handbook of Procedures, Vol.1, 2002-2007, as amended and also to the Handbook of Procedures, Vol.2, 2002-2007, as amended from time to time....

The principal notification No.32/99-Central Excise, dated the 8th July, 1999 was published in the Gazette of India, vide number G.S.R.508(E), dated the 8th July, 1999 and was last amended by notification No. 61/2002-Central Excise, dated the 23rd December, 2002, [G.S.R. 834 (E), dated the 23rd December,2002....

Though the brokers were legally bound to pay the fees as per the regulations, vide clause (v) of Part A of the said circular, it was also informed that those brokers, who had not paid fees, should pay atleast 50% of the principal due in the cash....

In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Government of India in the erstwhile Ministry of Finance (Department of Revenue), number 47/97-Customs (N.T), dated the 19th September, 1997 published in the Gazette of India, Extraordin...

The principal notification was published in the Gazette of India, Extraordinary vide G.S.R.466 ( E) dated the 19th May, 2000 and was last amended vide notification No. 100/2002- Customs, dated the 1st October, 2002, [G.S.R. 673(E), dated the 1st October, 2002]....

The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 21/2002-Customs, dated the 1st March, 2002 [G.S.R. 118(E), dated the 1st March, 2002] and was last amended vide notification No. 144/2002- Customs, dated the 31st December, 2002, [G.S.R. 856(E), dated the 31st December, 2002]....

The principal notification No.39/96-Customs dated the 23rd July, 1996was published in the Gazette of India, Extraordianry, vide G.S.R. 291 (E), dated the 23rd July, 1996 and was last amended by notification No.133/2002-Customs, dated the 3rd December, 2002 [G.S.R. 792 (E), dated the 3rd December, 2002]....

Circular No. 687/3/2003-CX I am directed to draw your attention to Board's circular No. 21/89-CX6 dated 11.5.89 issued from F.No. 210/21/87-CX6, circular No. 153/64/95-CX dated 12.10.95 issued from F.No.209/47/95-CX6 and circular No. 262/96/96-CX dated 6.11.96 issued from F.No.209/36/96-CX6 wherein it has been...

The Engineering Export Promotion Council has represented that for those cases where the Cenvat facility has been availed, the drawback equivalent to the Customs component may be provided as has been made available to other products....

The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 6/2002-Central Excise, dated the 1st March, 2002 [G.S.R. 127 (E), dated the 1st March, 2002] and was last amended by notification No. 62/2002-Central Excise, dated the 31st December, 2002 [G.S.R. No. 858 (E), dated the 31st December, 20...

WHEREAS in the matter of import of Mulberry Raw Silk (not thrown), 2A grade and below (hereinafter referred to as the subject goods), falling under sub-heading 5002.00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, Peoples' Republic of China, the designated authority vide its prelimin...

The matter has been examined by the Board. Considering that this facility would help promote exports of jewellery from SEZs and also considering that this would provide further flexibility of operations to the gem and jewellery manufacturing units in SEZ, it has been decided that the gem and jewellery manufacturing units in SEZ may be all...

Rate of exchange applicable for the purposes of calculation of such anti-dumping duty shall be the rate which is specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of se...