in the auditor’s report, the answer to any of the questions referred to in paragraph 4 is unfavourable or qualified, the auditor’s report shall also state the reasons for such unfavourable or qualified answer, as the case may be. Where the auditor is unable to express any opinion in answer to a particular question, his report shall indicate such fact together with the reasons why it is not possible for him to give an answer to such question.
In exercise of the powers conferred by sub-section (1) of Section 5 of the Customs Tariff Act, 1975(51 of 1975), the Central Government being satisfied that it is necessary and expedient so to do, hereby makes the following corrigendum in the notification of the Government of India in the Ministry of Finance (Department of Revenue),No. 101 /2004-Cus(N.T),dated, the 31st August, 2004.
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 supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.124/2004-NT-Customs, dated the 26th October, 2004 [S.O.1190(E), dated the 26th October, 2004], the Board hereby determines for the purposes of said section relating to export goods, 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.
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 supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.123/2004-NT-Customs, dated the 26th October, 2004 [S.O.1189(E) dated the 26th October, 2004], the Board hereby determines for the purposes of said section, relating to imported goods, that the rate of exchange of conversion of each of the foreign currency specified.
Notification No. 284-Income Tax In exercise of the powers conferred by Sub-section (6C) of Section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby amends the notification of the Government of India, Ministry of Finance, Department of Revenue, number 40(E) dated 4th February, 2004 published in Part II, Section 3, Sub-section
Based on consultations with Drugs Controller General of India and the Narcotics Control Division of the Department of Revenue, it has been decided to exempt Government Opium and Alkaloid Works (GOAW) Neemuch & Ghazipur and the Chief Controller of Factories (CCF) from the requirement of registration under the Drugs and Cosmetics Act, 1940 for import of Narcotics Drugs and Psychotropic substances.
In the statement of Standard Input Output Norms as contained in the Handbook of Procedures, (Vol.2) 2002-2007, as amended, amendments/ corrections/ deletion at appropriate places as mentioned in Annexure “A” to this Public Notice are made.
Public Notice No. 25/2004-09 updates DEPB rates as per the Foreign Trade Policy 2004-09 and Handbook of Procedures.
It is reiterated that STP is mandatory for all institutional trades. However some institutions who directly settle their trades with the brokers and do not use custodians in the settlement process have raised questions on the mandatory applicability of STP for their trades. It is clarified that an institutional trade for the purpose of STP shall mean a trade which is settled through a custodian.
In exercise of the powers conferred by section 156 of the Customs Act, 1962 (52 of 1962), and in supersession of notifications No. 82 dated the 26th November, 1951, No. 289-Cus. dated the 7th December, 1957, and No. 34-Cus. dated the 28th February, 1959, except as respects things done or omitted to be done before such supersession, the Central Government hereby makes the following rules.
