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Archive: 2005

Posts in 2005

Notification No. 30/2005-Central Excise; Dated: 05.07.2005

July 5, 2005 1000 Views 0 comment Print

The principal notification was published in the Gazette of India, Part II Section 3, Sub-section (i), Extraordinary, vide number G.S.R 254 (E), dated the 16th March, 1995, and last amended by notification No.16/2003-Central Excise, dated the 1st March, 2003, and published vide number G.S.R.146 (E), dated the 1st March, 2003.

Amendments in notification No. 111/2002- Customs dated 10.10.2002

July 5, 2005 1021 Views 0 comment Print

Whereas on the basis of the aforesaid sunset review findings of the designated authority, the Central Government has imposed anti-dumping duty vide notification No. 111/2002-Customs dated the 10th October, 2002 [G.S.R. 697(E) dated the 10th October, 2002], published in part II, section 3, sub-section (i) of the Gazette of India, Extraordinary, dated 10th October, 2002.

Notification No. 12 (RE-2005)/2004-09, Dated: 04.07.2005

July 4, 2005 1327 Views 0 comment Print

Import of arms is permitted against a license to renowned shooters/rifle clubs for their own use on the recommendation of Department of Youth Affairs and Sports, Government of India . However, import of 0.177 bore air guns and air pistols will be free for shooters registered with Rifle Clubs or District/ State/ National Rifles Association.

Amendment in the notification No. 147/2000-Customs, dated 19.12.2000

July 4, 2005 514 Views 0 comment Print

Therefore, in exercise of the powers conferred by sub-section (1) of section 9A, read with the second proviso to sub-section (5) and (6) of that section of the said Customs Tariff Act and rules 18, 20 and 23 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 makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 147/2000-Customs, dated the 19th December, 2000, namely.

Reimbursement of education cess paid on excise duty/terminal excise duty in case of supplies made under deemed exports

July 4, 2005 460 Views 0 comment Print

Representations have been received suggesting re-imbursement of education cess paid along with excise duty / terminal excise duty in respect of such supplies. The matter has been examined. It is accordingly clarified that in respect of supplies made with effect from 18.01.2005 education cess paid along with excise duty may also be reimbursed in the form of duty drawback & Terminal excise duty, as the case may be subject to fulfillment of all other requirements/provisions of deemed exports.

Conversion of loan of precious metals taken from the nominated agencies into outright purchase

July 4, 2005 379 Views 0 comment Print

Clarification has been sought whether, after taking such precious metals on loan basis from the nominated agencies, the same can be converted into outright purchase. The matter has been considered in consultation with the concerned Departments and it is clarified that conversion of loan of precious metals taken from nominated agencies to outright purchase is allowed within the original stipulated export period i.e 60 days upto 31.3.05 and 90 days thereafter (90 days w.e.f. 10.5.2005 in case of SEZ) from the date of release.

SEBI : (Central Database of Market Participants) Regulations, 2003

July 1, 2005 517 Views 0 comment Print

The Committee constituted by SEBI to examine the issues relating to obtaining Unique Identification Number (UIN) under SEBI (Central Database of Market Participants) Regulations, 2003 (MAPIN) has submitted its report which has been placed on the SEBI website for public comments.

Classification of Mobile Pen/Pen Drive-reg

July 1, 2005 1810 Views 0 comment Print

The issue pertains to classification of an item described as “mobile pen”. The item in question comes packed in a typical pen box, is supplied along with cable for connecting the device to the personal computer, spare refill (ball point) and a CD containing the mobile pen driver software. In terms of functionality, it comprises/combines the following three functions:

Regarding Nidhi Companies, G.S.R. 450(E), dated 01/07/2005

July 1, 2005 733 Views 0 comment Print

G.S.R. 450(E).—In exercise of the powers conferred by sub-sections (1) and (2) of Section 620A of the Companies Act, 1956 (1 of 1956), the Central Government hereby‑(i) Declares the following companies to be Nidhis subject to the directions specified in the notifications of the Government of India in the erstwhile Ministry of Law, Justice and Company Affairs

Notification No.181/2005 – Income Tax Dated 1/7/2005

July 1, 2005 498 Views 0 comment Print

Notification No.181/2005 – Income Tax In exercise of the powers conferred by section 295 read with clause ( d) of proviso to clause (5) of section 43 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

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