"July, 2006" Archive

Public Notice No. 40 (RE-2006)/2004-2009, Dated: 31.07.2006

Public Notice No. 40 (RE-2006)/2004-2009 (31/07/2005)

In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-2009, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedures....

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Public Notice No. 39 (RE-2006)/2004-2009, Dated: 31.07.2006

Public Notice No. 39 (RE-2006)/2004-2009 (31/07/2006)

Be replaced by the words “manufacturer exporter / merchant exporter tied with legal / licenced unit / industry for extracting Sandalwood Oil and having procured sandalwood oil class through open auctions from the State Forest Department having necessary certificate of origin in his or his firm’s name....

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Public Notice No. 38 (RE-2006)/2004-2009, Dated: 31.07.2006

Public Notice No. 38 (RE-2006)/2004-2009 (31/07/2006)

All applications received would be considered by the Exim Facilitation Committee on merits in consultation with the Ministry of Environment of Forests, New Delhi for issue of Authorisation Letter for export of Sandalwood Oil and shall be subject to any other condition(s) that may be stipulated. The export price indicated in the confirmed ...

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Revising tariff values of edible oils/brass scrap (all grades) with immediate effect

Notification No. 85/2006-Customs (N.T.) (31/07/2006)

In exercise of the powers conferred by sub-section (2) of Section 14 of the Customs Act, 1962, (52 of 1962), the Board, being satisfied that it is necessary and expedient so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue)....

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Notification No. 204/2006-Income Tax Dated 31/7/2006

Notification No. 204/2006-Income Tax (31/07/2006)

Notification No. 204-Income Tax S.O. 1230(E).— In exercise of the powers conferred by clause (39) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies, — (a) the ICC Development (International) Ltd., Craigmuir Chambers, Road Town, Tortola, British Virgin islands, as the person; (b) ...

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Bank Term Deposit Scheme,2006

Notification No. 63/2006-Income Tax (28/07/2006)

Notification No. 63/2006-Income Tax In exercise of the powers conferred by clause (xxi) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following scheme, namely:-...

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Notification No. 26/2006-ST, dated 28-07-2006

Notification No. 26/2006-Service Tax (28/07/2006)

Appoints special adjudicators Date: 28th July, 2006 Notification No. 26/2006-Service Tax G.S.R. 447(E).-  In exercise of the powers conferred by Section 83A of the Finance Act, 1994 (32 of 1994), read with rule 3 of the Service Tax Rules, 1994, the Central Board of Excise and Customs, appoints the Commissioner of Service Tax, Mumbai and ...

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Notification No. 203/2006-Income Tax Dated 28/7/2006

Notification No. 203/2006-Income Tax (28/07/2006)

Notification No. 203-Income Tax In exercise of the powers conferred by clause (xxi) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following scheme, namely:- 1. Short title and commencement. ...

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Notification No. 202/2006-Income Tax, Dated : 28.07.2006

Notification No. 202/2006-Income Tax (28/07/2006)

This notification is applicable only to the recipients of income on behalf of the Institution and not to any other receipt or income of such recipients. Taxability or, otherwise of the income of the Institution would be separately considered as per the provisions of the Income tax Act, 1961...

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Public Notice No. 37 (RE-2006)/2004-2009, Dated: 27.07.2006

Public Notice No. 37 (RE-2006)/2004-2009 (27/07/2006)

We hereby certify that the firm/company for whom the application has been made has not been penalized under the Customs Act, Excise Act, Foreign Trade (Development & Regulation) Act 1992 and FERA/FEMA....

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Public Notice No. 36 (RE-2006)/2004-2009, Dated: 27.07.2006

Public Notice No. 36 (RE-2006)/2004-2009 (27/07/2006)

Persons importing / exporting permissible goods as notified from time to time, from/to China through Gunji, Namgaya Shipkila and Nathula ports, provided the CIF value of a single consignment does not exceed Indian Rs.25,000....

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Notification No. 201/2006-Income Tax Dated 27/7/2006

Notification No. 201/2006-Income Tax (27/07/2006)

Notification No. 201-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in ...

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Notification No. 200/2006-Income Tax Dated 27/7/2006

Notification No. 200/2006-Income Tax (27/07/2006)

Notification No. 200-Income Tax Whereas the Central Government in exercise of the; powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961(43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in ...

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Notification No. 199/2006-Income Tax Dated 27/7/2006

Notification No. 199/2006-Income Tax (27/07/2006)

Notification No. 199-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in ...

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Notification No. 198/2006-Income Tax Dated 27/7/2006

Notification No. 198/2006-Income Tax (27/07/2006)

Notification No. 198-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961)(hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in t...

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New System for issuance of Importer-Exporter Code Number

Policy Circular No. 15 (RE-2006)/2004-2009 (27/07/2006)

Applicants can file an on-line application at the DGFT web-site http://dgft.gov.in. On-line form has been designed to ensure feeding of all the required information by prompting user wherever a field is left blank. Applicant has to submit scanned copies of PAN and bank certificate along with their application. ...

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Public Notice No. 35 (RE-2006)/2004-09, Dated: 26.07.2006

Public Notice No. 35 (RE-2006)/2004-09 (26/07/2006)

The goods for which the claim has been made are meant for utilization for production of goods meant for export and/or for utilization for export of services of the EOU/EHTP/STP unit and will be utilized only in our factory and we shall not divert or dispose off the material procured without obtaining prior permission of the concerned Deve...

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Notification No. 24 (RE-2006)/2004-2009, Dated: 26.07.2006

Notification No. 24 (RE-2006)/2004-2009 (26/07/2006)

The PVC flooring scrap shall consist of thoroughly blended composition of thermoplastic binder, fillers and pigments. The thermoplastic binder shall consist substantially of one or both of the following namely (a) Vinyl Chloride polymer and (b) Vinyl Chloride co-polymer....

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Notification No. 37/2006-Central Excise, Dated: 20.07.2006

Notification No. 37/2006-Central Excise (26/07/2006)

The principal notification No.4/2006-Central Excise, dated the 1st March, 2006, published vide G.S.R. 94 (E) dated the 1st March, 2006 was last amended vide notification No. 35/2006-Central Excise, dated the 21st June, 2006 published vide G.S.R. 375 (E), dated the 21st June, 2006....

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Circular No. 831/08/2006-Central Excise, Dated: 26.07.2006

Circular No. 831/08/2006-Central Excise (26/07/2006)

Section 11A of the Central Excise Act, 1944 has been amended to introduce an optional scheme for enabling voluntary payment of duty by assessees, in full or in part, in cases involving fraud, mis-statement etc. along with interest and 25% of the duty amount as penalty within 30 days of the receipt of the show cause notice thereby dispensi...

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Rate of exchange of conversion for exported goods w.e.f. 01.08.2006

Notification No. 84/2006-Customs (N.T.) (26/07/2006)

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.73/2006-NT-Customs, dated the 27th June, 2006 [S.O.953(E), dated the 27th June,...

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Rate of exchange of conversion for imported goods w.e.f. 01.08.2006

Notification No. 83/2006-Customs (N.T.) (26/07/2006)

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.72/2006-NT-Customs, dated the 27th June, 2006....

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Notification No. 197/2006-Income Tax Dated 26/7/2006

Notification No. 197/2006-Income Tax (26/07/2006)

Notification No. 197-Income Tax It is hereby notified for general information that the organization M/s. Lokmanya Medical Research Centre, Chinchwad, Pune has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with Rule 6 of the Income-tax Rules, 1962 f...

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Notification No. 196/2006-Income Tax Dated 26/7/2006

Notification No. 196/2006-Income Tax (26/07/2006)

Notification No. 196-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961(43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in t...

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Notification No. 195/2006-Income Tax Dated 26/7/2006

Notification No. 195/2006-Income Tax (26/07/2006)

Notification No. 195-Income Tax In exercise of the powers conferred by sub-clause (iv ) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that any income received by any person on behalf of "Gujarat Pollution Control Board, Paryavaran Bhavan, section-10A, Gandhinagar" (hereinaft...

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Even in absence of a provision, Beneficial statute may be held to be retrospective in nature

Vijay Vs. State of Maharashtra & others (2006) (Supreme Court of India)

In the case of Vijay v. State of Maharashtra & others (2006) 6 SCC 286 Apex Court held that It is now well-settled that when a literal reading of the provision giving retrospective effect does not produce absurdity or anomaly, the same would not be construed to be only prospective. The negation is not a rigid rule and varies with the inte...

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Policy Circular No. 14 (RE-2006)/2004-09, Dated: 25.07.2006

Policy Circular No. 14 (RE-2006)/2004-09 (25/07/2006)

It is clarified that 5% applicable customs duty on notional basis shall be charged before EPCG Authorisation is invalidated for direct import and EO shall be calculable at the reduced duty saved amount accordingly. These instructions will be implemented prospectively and shall be applicable in all such cases where Authorisations have to b...

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Notification No. 23 (RE-2006)/2004-2009, Dated: 25.7.2006

Notification No. 23 (RE-2006)/2004-2009 (25/07/2006)

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 ,2004-2009, as amended from time to time, the Central Government hereby makes the following amendments in the Foreign Trade Policy....

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Notification No. 194/2006-Income Tax Dated 25/7/2006

Notification No. 194/2006-Income Tax (25/07/2006)

Notification No. 194-Income Tax In exercise of the powers conferred by sub-clause (iv ) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that any income received by any person on behalf of "Gujarat Pollution Control Board, Paryavaran Bhavan, section-10A, Gandhinagar" (hereinaft...

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Notification No. 193/2006, Dated : 25.07.2006

Notification No. 193/2006 (25/07/2006)

This notification is applicable only to the recipients of in come on behalf of the Institution and not any other receipt or income of such recipients. taxability, or, otherwise, of the income of the Institution would be separately considered as per the provisions of the Income-tax Act, 1961...

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Notification No. 192/2006, Dated :25.07.2006

Notification No. 192/2006 (25/07/2006)

This notification is applicable only to the recipients of income on behalf of the Institution and not to any other receipt or income of such recipients. Taxability, or, otherwise, of the income of the Institution would be separately considered as per the provisions of the Income-tax Act, 1961...

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Notification No. 22 (RE-2006)/2004-2009, Dated: 24.07.2006

Notification No. 22 (RE-2006)/2004-2009 (24/07/2006)

In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy, 2004-09, as amended , the Central Government hereby makes the following amendments....

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Notification No. 191/2006-Income Tax Dated 24/7/2006

Notification No. 191/2006-Income Tax (24/07/2006)

Notification No. 191-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961(43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in t...

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Notification No. 189/2006-Income Tax Dated 24/7/2006

Notification No. 189/2006-Income Tax (24/07/2006)

Notification No. 189-Income Tax In exercise of powers conferred by section 295 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:- 1. (1) These rules may be called the Income-tax ( 7th Amendment ) Rules, 2006....

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SEBI : To all Portfolio Managers registered with SEBI

SEBI/IMD/CIR No.2/72256/2006 (24/07/2006)

The principal regulations, SEBI (Portfolio Managers) Regulations, 1993 were issued under S.O. No. SEBI/LE/93/III dated January 7, 1993 published in the Gazette of India, Part II, Section 3(ii) dated January 7, 1993. ...

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Levy of special additional duty of customs (CVD) @ 4% under Duty Free Credit Entitlement (DFCE) Scheme

Circular No. 20/2006-Customs Duty (21/07/2006)

A suitable Public Notice and Standing Order may be issued for the guidance of the trade and staff. Difficulties faced, if any in implementation of the Circular may be brought to the notice of the Board at an early date....

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Policy Circular No. 13 (Re-2006)/2004-09, Dated: Dated: 20.07.2006

Policy Circular No. 13 (Re-2006)/2004-09 (20/07/2006)

Representations have been received from various quarters seeking clarification regarding the meaning of term ‘duty’ appearing in the above sub-paragraphs (i), (ii) & (iii) of Para 3.2.5 of Handbook of Procedures (Vol.I) of EXIM Policy (2002-07) and sub paragraph (i), (ii) and (iii) of Para 3.7.6 of Foreign Trade Policy....

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Notification No. 21 (RE-2006)/2004-2009, Dated: 20.07.2007

Notification No. 21 (RE-2006)/2004-2009 (20/07/2006)

In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy – 2004-09, the Central Government hereby amends Schedule-I....

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Notification No. 76/2006-Customs Duty, Dated; 20th July, 2006

Notification No. 76/2006-Customs (20/07/2006)

The principal notification was published in the Gazette of India, Extraordinary, vide number G.S.R. 118(E), dated the 1st March, 2002 and was last amended by notification No.71/2006-Customs, dated the 6th July, 2006 which was published in the Gazette of India, Extraordinary vide number G.S.R.407(E), dated the 6th July, 2006....

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Notification No. 188/2006-Income Tax Dated 20/7/2006

Notification No. 188/2006-Income Tax (20/07/2006)

Notification No. 188-Income Tax In exercise of the powers conferred by clause (d) of the Explanation to clause (viii) of sub-section (1) of section 36 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby notifies the following public facility as infrastructure facility for purposes of the said clause...

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Notification No. 187/2006-Income Tax Dated 20/7/2006

Notification No. 187/2006-Income Tax (20/07/2006)

Notification No. 187-Income Tax In exercise of the powers conferred by section 295 read with clause ( d) of the Explanation to clause (viii) of sub-section (1) of section 36 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...

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SEBI : Revised Monthly Cumulative Report (MCR) and Annual Statistical Report (ASR)

SEBI/IMD/CIR No. 6/72245/06 (20/07/2006)

The formats of the said reports have been modified to incorporate the data on unit capital. The revised formats are enclosed. Accordingly, in future, MCR and ASR shall be submitted to SEBI in the revised format....

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SEBI : Mandatory requirement of Permanent Account Number (PAN) – Issues and clarifications

MRD/DoP/Dep/Cir-09/06 (20/07/2006)

Make amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision immediately, as may be applicable/necessary;...

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Imposition of anti-dumping duty on imports of EPDM rubber from EU, USA, Brazil and China

Notification No. 75/2006-Customs [G.S.R. 430(E)] (19/07/2006)

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 under sub-clause...

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Notification No. 36/2006-Central Excise; Dated: 19.07.2006

Notification No. 36/2006-Central Excise (19/07/2006)

The principal notification No.5/2006-Central Excise, dated the 1st March, 2006, published vide G.S.R. 95 (E) dated the 1st March, 2006 was last amended vide notification No. 33/2006-Central Excise, dated the 6th June, 2006 published vide G.S.R. 344 (E), dated the 6th June, 2006....

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Notification No. 186/2006-Income Tax Dated 19/7/2006

Notification No. 186/2006-Income Tax (19/07/2006)

Notification No. 186-Income Tax S.O. 1136(E).—Whereas the annexed Protocol amending the Convention between the Government of the Republic of India and the Government of Japan for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income shall enter into force on the 28th day of June, 2006 in a...

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Public Notice No. 34 (RE-2006)/2004-2009, Dated: 18.07.2006

Public Notice No. 34 (RE-2006)/2004-2009 (18/07/2006)

We further certify that that the items detailed in the referenced purchase order will not be used for any purpose other than the purpose (s) stated above and that such use shall not be changed nor the items modified or replicated without the prior consent of the Government of India. And further, if required, post installation verification...

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Notification No. 185/2006-Income Tax Dated 18/7/2006

Notification No. 185/2006-Income Tax (18/07/2006)

Notification No. 185-Income Tax S.O. 1125(E).—In exercise of the powers conferred by sub-section (2) of section 94 and Section 106 of the Finance Act, 2005 (18 of 2005) read with sub-sections (1) and (2) of Section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby authorises the Income-tax authority ...

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Regarding anti-dumping duty on 2-Methyl (5) Nitro Imidazole, commonly known as 2-MNI

Notification No. 74/2006-Customs (17/07/2006)

The principal notification No. 30/2002-Customs , dated the 27th March, 2002, was published vide number G.S.R 227(E), dated the 27th March, 2002. ...

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Public Notice No. 33 (RE-2006)/2004-2009, Dated: 17.07.2006

Public Notice No. 33 (RE-2006)/2004-2009 (17/07/2006)

For value actual realized and date against supplies made are to be given in all cases except where consignment has been sent against irrevocable inland letter of credit in case of status holders/ confirmed irrevocable inland letter of credit in case of others....

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Circular No. 07/2006-Income Tax Dated 17-07-2006

Circular No. 07/2006-Income Tax (17/07/2006)

Circular No. 07 of 2006-Income Tax Section 43B of the Income-tax Act, 1961 was amended by the Finance Act, 2006 inserting therein two clarificatory Explanations, namely; Explanation 3C and Explanation 3D. Both the Explanations clarify that any sum payable by the assessee as interest on any loan or borrowing or advance shall be allowed...

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Revises tariff value of edible oils/brass scrap upwards

Notification No. 82/2006-Customs (N.T.) (14/07/2006)

The Principal notification was published in the Gazette of India, Extraordinary, vide Notification No.36/2001 - Customs (N.T.), dated, the 3rd August, 2001 (S.O.748 (E), dated, the 3rd August, 2001) and was last amended vide Notification No.74/2006-Customs (N.T.), dated, the 30h June, 2006 (S.O.982 (E) dated 30th June 2006)...

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Notification No. 184/2006-Income Tax Dated 14/7/2006

Notification No. 184/2006-Income Tax (14/07/2006)

Notification No. 184-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961(43 of 1961)(hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in th...

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Notification No. 183/2006-Income Tax Dated 14/7/2006

Notification No. 183/2006-Income Tax (14/07/2006)

Notification No. 183-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in ...

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Notification No. 182/2006-Income Tax Dated 14/7/2006

Notification No. 182/2006-Income Tax (14/07/2006)

Notification No. 182-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in ...

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Notification No. 181/2006-Income Tax Dated 14/7/2006

Notification No. 181/2006-Income Tax (14/07/2006)

Notification No. 181-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961(43 of 1961)(hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in th...

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Notification No. 180/2006-Income Tax Dated 14/7/2006

Notification No. 180/2006-Income Tax (14/07/2006)

Notification No. 180-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in ...

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Notification No. 179/2006-Income Tax Dated 14/7/2006

Notification No. 179/2006-Income Tax (14/07/2006)

Notification No. 179-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961(43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in t...

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Notification No. 178/2006-Income Tax Dated 14/7/2006

Notification No. 178/2006-Income Tax (14/07/2006)

Notification No. 178-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961(43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in t...

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Public Notice No. 32 (RE:2006)/2004-2009, Dated: 13.07.2006

Public Notice No. 32 (RE:2006)/2004-2009 (13/07/2006)

In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2004-09 and Paragraph 1.1 of Handbook of Procedures (Vol.1), the Director General of Foreign Trade hereby makes the following amendments/deletions/corrections/additions in the Handbook of Procedures, Vol.2, 2004-2009....

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Public Notice No. 31 (RE-2006)/2004-09, Dated: 13.07.2006

Public Notice No. 31 (RE-2006)/2004-09 (13/07/2006)

The last date for filing applications for import under TRQ as per para 2.61 of the Handbook of Procedures for the financial year 2006-07 has been extended upto 31st July 2006 for the following three items only....

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Notification No. 25/2006-Service Tax , Dated-13th July, 2006.

Notification No. 25/2006-Service Tax (13/07/2006)

Representing before statutory authorities by CA/CS/Cost Accountant exempted from service tax Notification No. 25/2006-Service Tax , Dated-13th July, 2006. G.S.R.   (E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act), the Central Gov...

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Notification No. 20 (RE-2006)/2004-2009, Dated: 13.07.2006

Notification No. 20 (RE-2006)/2004-2009 (13/07/2006)

In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 read with paragraph 1.3 and paragraph 3.7.8 of the Foreign Trade Policy, 2004-2009 (updated as on 31.03.2005), the Central Government hereby makes the following amendment in the Target Plus Scheme, for the exports effected during 01.04...

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Determines rates of drawback as specified in Schedule

Notification No. 81/2006-Customs (N.T.) [G.S.R. 420 (E)] (13/07/2006)

Where the export product is not specifically covered by the description of goods in the said Schedule, the rate of drawback may be fixed, on an application by an individual manufacturer or exporter in accordance with the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995....

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Determines rates of drawback as specified in Schedule

Notification No. 80/2006-Customs (N.T.) (13/07/2006)

The principal rules were published vide notification No. 37/95-CUSTOMS & CENTRAL EXCISES (N.T.), dated the 26th May, 1995, G.S.R.441(E), dated the 26th May, 1995, and was last amended vide notification No. 10/2006-CUSTOMS (N.T.), dated the 15th February, 2006, G.S.R. 64 (E), dated the 15th February, 2006....

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All Industry Rates of Duty Drawback, 2006-07

Circular No. 19/2006-Customs Duty (13/07/2006)

Like the previous year, the drawback rates have been determined on the basis of certain broad parameters including, inter alia, the prevailing prices of inputs, standard input/ output norms (SION) published by DGFT, share of imports in the total consumption of inputs and the applied rates of duty. As education cess is being collected as ...

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SEBI (Foreign Institutional Investors) (Amendment) Regulations 2006

Circular No. IMD/FII/21/2006 (13/07/2006)

Enclosed please find a copy of the gazette notification no. S.O.948 (E) dated June 26, 2006 pertaining to SEBI (Foreign Institutional Investors) (Amendment) Regulations 2006 for your information and necessary action....

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SEBI : Mandatory requirement of Permanent Account Number (PAN) for transactions in the cash market

MRD/DoP/SE/Cir- 8/2006 (13/07/2006)

communicate to SEBI, the status of the implementation of the provisions of this circular in Section II, item no. 13 of the Monthly Development Report for the month of August, 2006....

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Notification No. 177/2006-Income Tax Dated 12/7/2006

Notification No. 177/2006-Income Tax (12/07/2006)

Notification No. 177-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in ...

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Notification No. 176/2006-Income Tax Dated 12/7/2006

Notification No. 176/2006-Income Tax (12/07/2006)

Notification No. 176-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961(43 of 1961)(hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in th...

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Notification No. 175/2006-Income Tax Dated 12/7/2006

Notification No. 175/2006-Income Tax (12/07/2006)

Notification No. 175-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in ...

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Notification No. 16/2006-Central Excise (N.T.); Dated: 11.07.2006

Notification No. 16/2006-Central Excise (N.T.) (11/07/2006)

In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 4A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry ...

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Amendment of Notification number 36/2005-Customs (NT) relating to All Industry Rate of drawback, 2005-06

Notification No. 79/2006-Customs (N.T.) (11/07/2006)

The principal notification No.36/2005-CUSTOMS(N.T.) was published vide number G.S.R.267(E), dated the 2nd May, 2005 and was subsequently amended vide notification No.102/2005-CUSTOMS(N.T.) dated 18th November,2005 vide number G.S.R.675(E), dated the 18th November,2005 ....

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Notification No. 174/2006-Income Tax Dated 11/7/2006

Notification No. 174/2006-Income Tax (11/07/2006)

Notification No. 174-Income Tax In partial modification of Ministry of Finance, Department of Revenue, Government of India, Notification No. 44/2006 dated 30th March, 2006 (F. NO.203/34/2004/ITA.II) the period for which approval has been granted under section 35(1)(iii) of the Income-tax Act, 1961, should be read as 1-4-2003 to 31-3-2006 ...

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Notification No. 173/2006-Income Tax Dated 11/7/2006

Notification No. 173/2006-Income Tax (11/07/2006)

Notification No. 173-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961(43 of 1961)(hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in th...

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Notification No. 172/2006-Income Tax Dated 11/7/2006

Notification No. 172/2006-Income Tax (11/07/2006)

Notification No. 172-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in ...

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Exempts goods when imported into India against a duty credit certificate issued under Target Plus Scheme

Notification No. 73/2006-Customs [G.S.R. 408 (E)] (10/07/2006)

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 exempts goods....

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Reg. imposition of provisional anti-dumping duty on Caustic Soda

Notification No. 72/2006-Customs (10/07/2006)

The principal notification No. 168 /2003-Customs , dated the 14th November, 2003, was published vide number G.S.R 891(E), dated the 14th November, 2003, in Part II, Section 3, Sub-section (i) of the Gazette of India, Extraordinary, dated 14th November, 2003....

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Notification No. 171, Dated : 10.07.2006

Notification No. 171 (10/07/2006)

the Institution will regularly file its return of income before the Income-tax authority in accordance with the provisions of the Income-tax Act, 1961...

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Public Notice No. 30 (RE-2006)/2004-2009, Dated: 07.07.2006

Public Notice No. 30 (RE-2006)/2004-2009 (07/07/2006)

The new system of import from registered sources will come into effect from 1st April, 2006. However, in cases where Bill of Lading is dated 1st November, 2006 or before, imports will be allowed on the basis of Pre-Shipment Inspection regime in terms of Para 2.32 of the Handbook of Procedures (Vol.1), notified vide Public Notice No. 1 dat...

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Notification No. 71/2006-Customs Duty, Dated; 6th July,2006

Notification No. 71/2006-Customs (06/07/2006)

The principal notification No.21/2002-Customs dated the dated the 1st March, 2002, was published in the Gazette of India, Extraordinary, vide G.S.R.118 (E), dated the 1st March, 2002 and was last amended by notification No.66/2006-Customs, dated the 28th June, 2006 [G.S.R. 386 (E), dated the 28th June, 2006]....

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SEBI : Establishment of connectivity with both NSDL and CDSL- Shifting from Trade for Trade Segment (TFTS) to Rolling Segment

MRD/DoP/SE/Cir-7/06 (06/07/2006)

It is observed from the information provided by the depositories that the companies listed in Annexure ‘A’ have established connectivity with both the depositories on or before 30.04.2006. ...

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Guidelines for preparation of return and payment of FBT

The Finance Act, 2005, has inserted in the Income-Tax Act, 1961(the Act), a new Chapter XII-H. This Chapter deals with a new tax known as, ‘Fringe Benefit Tax’ (FBT) and it contains Sections 115W to 115WL. Chapter XII-H has come into effect from 1.4.2006 viz. assessment year (AY) 2006-07, relevant to the financial year (FY) 2005-06....

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Notification No. 170/2006-Income Tax Dated 5/7/2006

Notification No. 170/2006-Income Tax (05/07/2006)

Notification No. 170-Income Tax In the notification of the Government of India, Ministry of Finance (Department of Revenue) number S.O. 713(E), dated the 25th May, 2005, published in the Gazette of India, Extraordinary, Part - II, Section 3, sub-section (ii) dated 25th May, 2005, in line 2 from the bottom, for "Rs. 40 lakhs plus a corpus ...

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Notification No. 169/2006-Income Tax Dated 5/7/2006

Notification No. 169/2006-Income Tax (05/07/2006)

Notification No. 169-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 862(E), dated the 12th December, 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 s...

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Notification No. 168/2006-Income Tax Dated 5/7/2006

Notification No. 168/2006-Income Tax (05/07/2006)

Notification No. 168-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 915(E), dated the 27th August, 2002, 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 spe...

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Notification No. 167/2006-Income Tax Dated 5/7/2006

Notification No. 167/2006-Income Tax (05/07/2006)

Notification No. 167-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 180(E), dated the 10th March, 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 spec...

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Notification No. 166/2006-Income Tax Dated 5/7/2006

Notification No. 166/2006-Income Tax (05/07/2006)

Notification No. 166-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1084(E), dated the 11th October, 2002, 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 s...

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Notification No. 165/2006-Income Tax Dated 5/7/2006

Notification No. 165/2006-Income Tax (05/07/2006)

Notification No. 165-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 267(E), dated the 23rd March, 2000, 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 spec...

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Notification No. 164/2006-Income Tax Dated 5/7/2006

Notification No. 164/2006-Income Tax (05/07/2006)

Notification No. 164-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1237(E) dated the 28th October, 2003, 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 sp...

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Notification No. 163/2006-Income Tax Dated 5/7/2006

Notification No. 163/2006-Income Tax (05/07/2006)

Notification No. 163-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1275(E), dated the 9th December, 2002, 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 s...

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Notification No. 162/2006-Income Tax Dated 5/7/2006

Notification No. 162/2006-Income Tax (05/07/2006)

Notification No. 162-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 267(E), dated the 29th March, 1994, 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 spec...

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Notification No. 161/2006-Income Tax Dated 5/7/2006

Notification No. 161/2006-Income Tax (05/07/2006)

Notification No. 161-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 60(E), dated the 22nd January, 2003, 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 spe...

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Notification No. 160/2006-Income Tax Dated 5/7/2006

Notification No. 160/2006-Income Tax (05/07/2006)

Notification No. 160-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1124(E) dated the 29th September, 2004, 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 ...

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Notification No. 159/2006-Income Tax Dated 5/7/2006

Notification No. 159/2006-Income Tax (05/07/2006)

Notification No. 159-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 591(E), dated the 20th August 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 spec...

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Notification No. 158/2006-Income Tax Dated 5/7/2006

Notification No. 158/2006-Income Tax (05/07/2006)

Notification No. 158-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1273(E) dated the 9th December, 2002, 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 sp...

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Notification No. 157/2006-Income Tax Dated 5/7/2006

Notification No. 157/2006-Income Tax (05/07/2006)

Notification No. 157-Income Tax In the notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.127(E) dated the 2nd February, 2005, published in the Gazette of India, Extraordinary, Part - II, section 3, sub-section (ii), dated the 2nd February, 2005, at page 2, in the last line, for "2003-200...

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Notification No. 156/2006-Income Tax Dated 5/7/2006

Notification No. 156/2006-Income Tax (05/07/2006)

Notification No. 156-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 193(E) dated the 14th March, 1996, 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 speci...

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Notification No. 155/2006-Income Tax Dated 5/7/2006

Notification No. 155/2006-Income Tax (05/07/2006)

Notification No. 155-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 606(E) dated the 7th June 2002, 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 specifie...

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