"December, 2006" Archive

Withdrawal of facilities or imposition of restrictions on a manufacturer, first stage or second stage dealer, or an exporter

Notification No. 32/2006-Central Excise (N.T.) (30/12/2006)

An officer authorized by the Board shall examine the recommendations received from the Chief Commissioner of Central Excise or Director General of Central Excise Intelligence and issue an order specifying the type of facilities to be withdrawn or type of restrictions imposed....

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Notification No. 31/2006-Central Excise (N.T.); Dated: 30.12.2006

Notification No. 31/2006-Central Excise (N.T.) (30/12/2006)

The principal rules were published vide notification No. 23/2004-Central Excise (N.T.), dated the 10th September, 2004, G.S.R.600 (E), dated the 10th September, 2004 and was last amended vide notification No.19/2006-Central Excise (N.T.), dated the 30th September, 2006, vide [G.S.R. 608(E), dated the 30th September, 2006....

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Fringe benefits, by way of gift, voucher or token to employees

Recently old Rule 3 of the I.T. Rules, 1962, regarding valuation of perquisites, has been substituted by a new Rule, vide Notification No. S.O. 940(E), dated 25.9.2001. Sub-rule (7) of new Rule 3 deals with other fringe benefits or amenities in terms of the provisions of S. 17(2)(vi) of the I.T. Act, 1961. Clause (iv) of sub-rule (7) of R...

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Posted Under: Excise Duty |

Notification No. 30/2006- Central Excise (N.T.); Dated: 30.12.2006

Notification No. 30/2006-Central Excise (N.T.) (30/12/2006)

The principal rules were published in the Gazette of India vide notification number 04/2002-CE(NT), dated the 1st March, 2002 [G.S.R. 143(E), dated the 1st March 2002], and were last amended vide notification number 26/2006-CE (NT), dated 28th December, 2006 vide [ G.S.R. 771(E), dated the 28th December, 2006....

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Notification No. 49/2006-Central Excise, Dated: 30.12.2006

Notification No. 49/2006-Central Excise (30/12/2006)

exempts excisable goods of the description specified in column (3) of the Table below and falling within the heading, sub-heading or tariff item of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) (hereinafter referred to as the Central Excise Tariff Act), as are given in the corresponding entry in column (2) of the s...

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Notification No. 48/2006-Central Excise; Dated: 30.12.2006

Notification No. 48/2006-Central Excise (30/12/2006)

In exercise of the powers conferred by sub-section (1) of section 5 A 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 of 1957), sub-section (3) of section 3 of the Additional Duties of Excise (Textiles and Textile Articles) ...

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Amendments in Notification No.78/2006-Customs, dated; 8th August, 2006

Notification No. 142/2006-Customs (30/12/2006)

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

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Amendments in Notification No. 68/2006-Customs, dated; 30th June, 2006

Notification No. 141/2006-Customs (30/12/2006)

The principal notification number 68/2006-Customs, dated the 30th June 2006, was published in the Gazette of India, Extraordinary, vide number G.S.R.394 (E), dated the 30th June, 2006....

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Notification No. 140/2007-Customs Duty, Dated; 30.12.2006

Notification No. 140/2006-Customs (30/12/2006)

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

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Amendments in Notification No. 20/2006-Customs, dated; 1st March, 2006

Notification No. 139/2006-Customs (30/12/2006)

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act,1962 (52 of 1962), the Central Government, 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 of Finance....

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Amendments in Notification No.14/2006-Customs, dated; 1st March, 2006

Notification No. 138/2006-Customs (30/12/2006)

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

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Notification No. 137/2007-Customs Duty, dated; 30.12.2006

Notification No. 137/2006-Customs (30/12/2006)

Against S. No. 361, for the entry in column (3), the entry “ Cyclonic, cyclenic and cycloterpenic alcohol not elsewhere specified other than Terpineols” shall be....

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Notification No. 136/2006-Customs Duty, Dated; 30.12.2006

Notification No. 136/2006-Customs (30/12/2006)

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, 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 of Finance (Department of ...

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Amendment in Notification No.73/2005-Customs, dated; 22nd July, 2005

Notification No. 135/2006-Customs (30/12/2006)

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on 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 Ministry of Finance....

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Amendments in Notification No. 72/2005-Customs, dated; 22nd July, 2005

Notification No. 134/2006-Customs (30/12/2006)

(a) Ammoniacal gas liquors and spent oxide produced in coal gas purification, case hardening compound, heat transfer salts; mixture of diphenyl and diphenyl oxide as heat transfer medium, mixed polyethylene glycols; salts for curing or salting, surface tension reducing agents (b) electroplating salts; water treatment chemicals; ion exchan...

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Amendments in Notification No. 25/2005-Customs, dated 1st March, 2005

Notification No. 133/2006-Customs (30/12/2006)

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

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Notification No. 132/2006-Customs Duty, Dated; 30.12.2006

Notification No. 132/2006-Customs (30/12/2006)

All goods for the manufacture of goods covered by S.Nos. 1 to 38 above, provided that the importer follows the procedure set out in the Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996....

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Amendments in Notification No. 85/2004-Customs, Dated; 31st August, 2004

Notification No. 131/2006-Customs (30/12/2006)

The principal notification No. 85/2004-Customs, dated the 31st August, 2004, was published in the Gazette of India, Extraordinary, vide G.S.R.560(E) dated the 31st August, 2004 and was last amended by notification No. 86/2006-Customs, dated the 30th August, 2006 [G.S.R. No.513(E), dated the 30th August, 2006]....

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Amendment in Notification No. 76/2003-Customs, Dated; 13th May, 2003

Notification No. 130/2006-Customs (30/12/2006)

In the said notification, in the Table, against S. No. 20, for the entry in column (2), the entry 1211 90 shall be substituted; 2. This notification shall come into force with effect from the 1st day of January, 2007....

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Notification No. 129/2006-Customs, Dated; 30th December, 2006

Notification No. 129/2006-Customs (30/12/2006)

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.120/2006-Customs, dated the 22nd December, 2006 which was published in the Gazette of India, Extraordinary, vide number G.S.R. 765(E), dated the 22nd December, 2006....

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Amendments in Notification No. 26/2000-Customs, dated 1st March, 2000

Notification No. 128/2006-Customs (30/12/2006)

The principal notification No. 26/2000-Customs, dated the 1st March, 2000, was published in the Gazette of India, Extraordinary, vide G.S.R.178(E) dated the 1st March, 2000 and was last amended by notification No. 69/2006-Customs, dated the 30th June, 2006 [G.S.R. No.395(E), dated the 30th June, 2006]....

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Amendments in Notification No.105/99-Customs, dated; 10th August, 1999

Notification No. 127/2006-Customs (30/12/2006)

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act,1962 (52 of 1962), the Central Government, 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 of Finance (Department of ...

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Amendment in Notification No. 85/98-Customs, dated 5th November, 1998

Notification No. 126/2006-Customs (30/12/2006)

The principal notification No. 25/98-Customs, dated the 2nd June, 1998, was published in the Gazette of India, Extraordinary, vide G.S.R. 656(E), dated the 2nd June, 1998 and was last amended by notification No. 41/2002-Customs, dated the 12th April, 2002 [G.S.R. No.282(E), dated the 12th April, 2002]....

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Amendments in Notification No. 25/98-Customs, dated 2nd June, 1998

Notification No. 125/2006-Customs (30/12/2006)

The principal notification No. 25/98-Customs, dated the 2nd June, 1998, was published in the Gazette of India, Extraordinary, vide G.S.R.290(E) dated the 2nd June, 1998 and was last amended by notification No. 18/2005-Customs, dated the 1st March, 2005 [G.S.R. No.116(E), dated the 1st March, 2005]....

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Amendment in Notification No. 28/95-Customs, dated 16th March, 1995

Notification No. 124/2006-Customs (30/12/2006)

The principal notification No. 28/95-Customs, dated the 16th March, 1995, was published in the Gazette of India, Extraordinary, vide G.S.R.157(E), dated the 16th March, 1995 and was last amended by notification No. 67/2004-Customs, dated the 9th July, 2004 [G.S.R. No.409(E), dated the 9th July, 2004]....

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Amendments in Notification No. 236/1989-Customs, dated 1st September, 1989

Notification No. 123/2006-Customs (30/12/2006)

The principal notification No. 236/89-Customs, dated the 1st September, 1989, was published in the Gazette of India, Extraordinary, vide G.S.R.805(E), dated the 1st September, 1989 and was last amended by notification No. 69/2006-Customs, dated the 30th June, 2006 [G.S.R. No.395(E), dated the 30th June, 2006]....

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Amends certain Notifications

Notification No. 122/2006-Customs (30/12/2006)

The principal notification No. 82/2006-Customs, dated the 21st August, 2006 was published in the Gazette of India, Extraordinary, vide G.S.R.459(E), dated the 21st August, 2006. The principal notification No.94/2006-Customs, dated the 7th September, 2006 was published in the Gazette of India, Extraordinary, vide G.S.R.540(E), dated the ...

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Notification No.137/2006-Customs Duty (N.T.), Dated; 29.12.2006

Notification No. 137/2006-Customs (N.T.) (29/12/2006)

In exercise of the powers conferred by sub-section (1) of section 11A of the Customs Tariff Act,1975 (51 of 1975), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the First Schedule to the Customs Tariff Act, 1975....

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Notification No. 29/2006-Central Excise (N.T.); Dated: 29.12.2006

Notification No. 29/2006-Central Excise (N.T.) (29/12/2006)

The principal notification was published in the Gazette of India by notification No. 20/2001- Central Excise (N.T.), dated the 30th April, 2001,vide G.S.R. No. 318 (E), dated the 30th April, 2001 and was last amended by notification No. 7/2002-Central Excise (N.T.) dated the 1st March, 2002, vide number G.S.R. 146 (E), dated the 1st Mar...

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Notification No. 28/2006-Central Excise (N.T.); Dated: 29.12.2006

Notification No. 28/2006-Central Excise (N.T.) [G.S.R. 777(E)] (29/12/2006)

The principal notification No. 2/2006-Central Excise (N.T.) dated the 1st March,2006 was published in the Gazette of India, vide number G.S.R. 113 (E) dated the 1st March,2006 and was last amended vide notification No. 24/2006-Central Excise (N.T.) ...

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Notification No. 27/2006-Central Excise (N.T.); Dated: 29.12.2006

Notification No. 27/2006-Central Excise (N.T.) [G.S.R. 776(E)] (29/12/2006)

In exercise of the powers conferred by sub-section (1) of section 5 of the Central Excise Tariff Act, 1985 (5 of 1986), the Central Government, on being satisfied that it is necessary so to do in the public interest, hereby makes the following amendments in the First Schedule to the Central Excise Tariff Act, 1985....

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Public Notice No. 77 (RE:2006)/2004-2009, Dated: 29.12.2006

Public Notice No. 77 (RE:2006)/2004-2009 (29/12/2006)

The amendments made vide Public Notice No.58(RE:2006)/2004-2009 dated 26.9.2006 in respect of Export Product “White Sugar” appearing at Sl. No. E-79 and export product “Raw Sugar” appearing at S.No.E-106 are amended as under with immediate effect....

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Notification No. 39 (RE-2006)/2004-2009, Dated: 29.12.2006

Notification No. 39 (RE-2006)/2004-2009 (29/12/2006)

All items, materials equipment, goods and technology including as set out in lists in documents S/2006/814,S/2006/815 and S/2006/853(united Nations Security Council Documents) which could contribute to DPRK’s nuclear-related, ballistic missile-related or other weapons of mass destruction- related programmes. ...

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Finance Act, 2006 – Explanatory Notes on provisions relating to Direct Taxes

Circular No. 14/2006-Income Tax (28/12/2006)

Circular No. 14/2006-Income Tax The Finance Act, 2006 (hereafter referred to as the Act) as passed by the Parliament, received the assent of the President on the 18-4-2006 and has been enacted as Act No. 21 of 2006. This circular explains the substance of the provisions of the Act relating to direct taxes....

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Amendment in notification No.81/2006-Customs (N.T.), dated; 13th July, 2006

Notification No. 136/2006-Customs (N.T.) (28/12/2006)

The principal notification No.81/2006-CUSTOMS (N.T.) was published in the Gazette of India, Extraordinary, vide number G.S.R.420(E), dated the 13th July, 2006 and was amended vide notification No. 116/2006-customs (N.T.) vide GSR 721 (E), dated the 22nd November, 2006....

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Amending rule 16C of the Central Excise Rules, 2002

Notification No. 26/2006-Central Excise (N.T.) (28/12/2006)

The principal rules were published in the Gazette of India vide notification No. 4/2002-Central Excise (N.T.), dated the 1st March, 2002,[ GSR 143 (E), dated the 1st March, 2002], and were last amended vide notification No.18/2006-Central Excise (N.T.), dated the 30th September, 2006, vide [GSR 607(E), dated the 30th September, 2006....

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Circular No. 29/2006-Customs, Dated-27th December, 2006

Circular No. 29/2006-Customs Duty (27/12/2006)

Implementation of Special Economic Zone Act, 2005 and Special Economic Zone Rules, 2006- Attention is invited to the notification No S.O. 196(E), dated 10.02.06 issued vide F./1/7/2005 EPZ dated 10.2.2006, by the Department of Commerce, Ministry of Commerce & Industry, Government of India on the above subject....

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Rate of exchange of conversion for exported goods w.e.f. 01.01.2007

Notification No. 135/2006-Customs (N.T.) (26/12/2006)

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.129/2006-NT-Customs, dated the 27th November, 2006 [S.O.2033(E), dated the 27th...

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Rate of exchange of conversion for imported goods w.e.f. 01.01.2007

Notification No. 134/2006-Customs (N.T.) (26/12/2006)

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.128/2006-NT-Customs, dated the 27th November, 2006 [S.O.2032(E) dated the 27th Nov...

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Final anti-dumping duty on imports of silk fabrics from China

Notification No. 121/2006-Customs (26/12/2006)

Tthe injury has been caused by the dumped imports from the subject country; and has recommended the imposition of definitive anti-dumping duty on imports of the subject goods originating in, or exported from, the subject country....

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Notification No. 380/2006-Income Tax Dated 22/12/2006

Notification No. 380/2006-Income Tax (22/12/2006)

Notification No. 380-Income Tax In exercise of the powers conferred by sub-clause (ii ) of clause (b) of the Explanation to section 54EC of the Income-tax Act,1961 (43 of 1961), the Central Government hereby notifies the bonds for an amount of Rupees three thousand five hundred crores (redeemable after three years) to be issued by the Rur...

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Notification No. 379/2006-Income Tax Dated 22/12/2006

Notification No. 379/2006-Income Tax (22/12/2006)

Notification No. 379-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. 378/2006-Income Tax Dated 22/12/2006

Notification No. 378/2006-Income Tax (22/12/2006)

Notification No. 378-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. 377/2006-Income Tax Dated 22/12/2006

Notification No. 377/2006-Income Tax (22/12/2006)

Notification No. 377-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. 376/2006-Income Tax Dated 22/12/2006

Notification No. 376/2006-Income Tax (22/12/2006)

Notification No. 376-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. 375/2006-Income Tax Dated 22/12/2006

Notification No. 375/2006-Income Tax (22/12/2006)

Notification No. 375-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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SEBI : oreign investments in infrastructure companies in securities markets.

MRD/DSA/SE/Dep/Cust/Cir-23/06 (22/12/2006)

The aforesaid limits for foreign investment in respect of recognised stock exchanges shall be subject to the limit of 5% shareholding by any person, directly or indirectly, as prescribed under the Securities Contracts ...

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Notification No. 38 (RE-2006)/2004-2009, Dated: 22.12.2006

Notification No. 38 (RE-2006)/2004-2009 (22/12/2006)

The existing policy for items falling at Exim Codes 1001 10 90 (Durum Wheat: Other) and 1001 90 20 (Other Wheat) shall remain in abeyance till 28th, February 2007. During this period import of these items will be allowed freely....

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Notification No. 120/2006-Customs Duty, dated; 22nd December, 2006

Notification No. 120/2006-Customs (22/12/2006)

The principal Notification was published vide number G.S.R. 118(E), dated the 1st March, 2002 and was last amended by Notification No.119/2006-Customs, dated the 21st December, 2006 which was published vide number G.S.R.763(E), dated the 21st December, 2006....

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Notification No. 47/2006-Central Excise; Dated: 21.12.2006

Notification No. 47/2006-Central Excise (21/12/2006)

The principal Notification No.6/2006-Central Excise dated the 1st March, 2006, was published in the Gazette of India, Extraordinary, vide number G.S.R. 96(E), dated the 1st March, 2006 and was last amended vide Notification No. 46/2006-Central Excise, dated the 28h November, 2006 which was published in the Gazete of India, Extraordinary,...

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Amendment in Notification No.21/2002-Customs, dated 1st March, 2002

Notification No. 119/2006-Customs (21/12/2006)

The principal Notification No. 21/2002-Customs, dated the 1st March, 2002 was published in the Gazette of India, Extraordinary, vide number G.S.R. 118(E), dated the 1st March, 2002 and was last amended vide Notification No. 116/2006-Customs, dated the 14th December, 2006 [G.S.R. 755(E), dated the 14th December, 2006]....

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Activity in respect of which advance ruling is sought must be the one which is proposed to be provided

M/s Orissa Chrome Export And Mining Company Ltd (Authority for Advance Rulings - New Delhi)

Advance Ruling - The definition of advance ruling makes it abundantly clear that it is concerned with determination of the question of law or fact in relation to service which is proposed to be provided by the applicant- In as much as in this case the activity in respect of which an advance ruling is sought, is not the one which is propos...

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Amendment in Notification No. 97/2002-Customs, dated12th September, 2002

Notification No. 118/2006-Customs (20/12/2006)

therefore, in exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the said Act and in pursuance of rule 23 of the said Rules, 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. 97/2002 -Customs, dated ...

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Amends Notification. Nos.53/2003-Customs dated 1.4.2003 and 54/2003-Cus dated 1.4.2003

Notification No. 117/2006-Customs (19/12/2006)

In the said notification, in the opening paragraph, for the existing clause (b), the following shall be substituted, namely :- (b) from the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act ; and...

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Circular No. 89/7/2006-ST dated 18.12.2006

Circular No. 89/7/2006-Service Tax (18/12/2006)

A number of sovereign/public authorities (i.e. an agency constituted/set up by government) perform certain functions/ duties, which are statutory in nature. These functions are performed in terms of specific responsibility assigned to them under the law in force. ...

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Public Notice No. 76 (RE-2006)/2004-2009, Dated: 18.12.2006

Public Notice No. 76 (RE-2006)/2004-2009 (18/12/2006)

we hereby declare that export product for which the benefit is being claimed under this application does not contain any shipment for which benefit under the Focus Product Scheme or under Vishesh Krishi and Gram Udyog Yojana has been claimed/ will be claimed....

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SEBI : Exclusive e-mail ID for redressel of Investor Complaints.

MRD/DoP/Dep/SE/Cir-22/06 (18/12/2006)

bring the provisions of this circular to the notice of the member brokers/clearing members of the exchange/listed companies and also to disseminate the same on their websites;...

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SEBI : (Custodian of Securities) (Second Amendment) Regulations 2006

Circular No. IMD/CUST/24 /2006 (18/12/2006)

.Enclosed please find a copy of the gazette notification no. S.O.1860 (E) dated October 31, 2006 pertaining to SEBI (Custodian of Securities) (Second Amendment) Regulations 2006 for your information and necessary action....

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Tax-treatment of payment by an employer to employees’ pension scheme

Of late it is becoming difficult for the employers to retain their top-level employees. Therefore, the employers are trying to provide additional benefits for such employees. In the present scenario most of the senior level employees are very much concerned about their post-retirement benefits viz. pension or some kind of other annuity af...

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Posted Under: Excise Duty |

Notification No. 374/2006-Income Tax Dated 15/12/2006

Notification No. 374/2006-Income Tax (15/12/2006)

Notification No. 374-Income Tax In exercise of the powers conferred by clause 48 of section 2 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the bond with the following particulars as zero coupon bond for the purposes of the said clause,...

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Notification No. 373/2006-Income Tax Dated 15/12/2006

Notification No. 373/2006-Income Tax (15/12/2006)

Notification No. 373-Income Tax In exercise of the powers conferred by clause 48 of section 2 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the bond with the following particulars as zero coupon bond for the purposes of the said clause...

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Notification No. 372/2006-Income Tax Dated 15/12/2006

Notification No. 372/2006-Income Tax (15/12/2006)

Notification No. 372-Income Tax In exercise of the powers conferred by clause 48 of section 2 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the bond with the following particulars as zero coupon bond for the purposes of the said clause...

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Notification No. 371/2006-Income Tax Dated 15/12/2006

Notification No. 371/2006-Income Tax (15/12/2006)

Notification No. 371-Income Tax In exercise of the powers conferred by clause 48 of section 2 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the bond with the following particulars as zero coupon bond for the purposes of the said clause,...

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Notification No. 370/2006-Income Tax Dated 15/12/2006

Notification No. 370/2006-Income Tax (15/12/2006)

Notification No. 370-Income Tax In exercise of the powers conferred by clause 48 of section 2 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the bond with the following particulars as zero coupon bond for the purposes of the said clause, ...

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Notification No. 369/2006-Income Tax Dated 15/12/2006

Notification No. 369/2006-Income Tax (15/12/2006)

Notification No. 369-Income Tax In exercise of the powers conferred by clause 48 of section 2 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the bond with the following particulars as zero coupon bond for the purposes of the said clause...

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Notification No. 368/2006-Income Tax Dated 15/12/2006

Notification No. 368/2006-Income Tax (15/12/2006)

Notification No. 368-Income Tax Whereas the Convention between the Government of the Republic of India and the Kingdom of Norway for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital came into force in the year 1986, being the year in which it was signed, after the notifi...

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Notification No. 116/2006-Customs Duty, Dated; 14th December, 2006

Notification No. 116/2006-Customs (14/12/2006)

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.115/2006-Customs, dated the 4th December, 2006 which was published in the Gazette of India, Extraordinary vide number G.S.R.733(E), dated the 4th December, 2006....

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Public Notice No. 75 (RE-06)/2004-2009, Dated: 14.12.2006

Public Notice No. 75 (RE-06)/2004-2009 (14/12/2006)

In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2004-2009, as amended, the Director General of Foreign Trade hereby makes the following amendment in Public Notice No.72(RE-06)/2004-2009 dated 28th November 2006....

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SEBI : Clarification to Clause 24 of Comprehensive IPF/CPF Guidelines.

MRD/DoP/SE/Cir-21/2006 (14/12/2006)

The Stock Exchange shall ensure that the amount realised by the auction / close-out of the card / realisation of assets of the defaulter members are credited to the IPF/CPF after satisfying the claims of the Stock Exchange...

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SEBI : FII investments in Debt Securities

Circular No. IMD/FII & C/ 23 /2006 (14/12/2006)

Now, after having reviewed the utilization versus the allocation of the aforementioned limits allocated among the 100% debt and 70:30 FIIs/ Sub Accounts,...

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SEBI : (Regulatory Fee on Stock Exchange) Regulations , 2006

Notification No. S.O. 2097(E) (14/12/2006)

Every recognised stock exchange shall maintain such registers and furnish such returns or information to the Board in respect of its annual turnover, the listing fees collected by it and the fee paid or payable under these regulations, as may be specified by the Board....

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Circular No. 13/2006-Income Tax Dated 13-12-2006

Circular No. 13/2006-Income Tax (13/12/2006)

Circular No. 13 of 2006-Income Tax Representations have been received in the Board seeking clarification on the applicability of section 194C on such transactions, where the assessee has outsourced certain work relating to fabrication or manufacturing of article or thing in accordance with the specifications given by the assessee. Circul...

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SEBI : Corporate Bond Market–Launch of Reporting Platform

SEBI/CFD/DIL/BOND/1/2006/12/12 (12/12/2006)

. Bring the provisions of this circular to the notice of the entities in both equity and debt segments, member brokers, clearing members of the Exchange and also to disseminate the same on the website for easy access to the investors....

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Notification No. 31/2006-ST, dated 11-12-2006

Notification No. 31/2006-Service Tax (11/12/2006)

Exempts the taxable service provided by an insurer, carrying on general insurance business, to a policy holder for the insurance of sheep, from the whole of service tax leviable thereon under section 66 of the said Act Date: 11th December, 2006. Notification  No. 31/2006-Service Tax G.S.R.  (E).- In exercise of the powers conferred by s...

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SEBI : Interpretive Circular under Regulation 5 of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997

SEBI/CFD/DCR/01/2006 (11/12/2006)

The purpose behind providing exemption under regulation 3(1)(ia) was to facilitate disinvestment by venture capital fund or foreign venture capital investors of shares held by them in a venture capital undertaking in favour of the promoter of such venture capital undertaking....

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SEBI : Dissemination of tariff/charge structure of Depository Participants

MRD/Dep/Cir-20/06 (11/12/2006)

As per Section 11(2) (f) of the Securities and Exchange Board of India Act, 1992, SEBI is empowered to undertake such measures as it deems fit to promote investors' education. One of the measures being undertaken to promote investors...

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Notification No.133/2006-Customs Duty (N.T), Dated; 08.12.2006

Notification No. 133/2006-Customs (N.T.) (08/12/2006)

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs, Mangalore, and authorizes him to exercise the powers and discharge the duties conferred or imposed on the offic...

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Notification No. 132/2006-Customs Duty (N.T), dated; 8th December, 2006

Notification No. 132/2006-Customs (N.T.) (08/12/2006)

Cause Notice pertaining to M/s Rahul Exports, Shop No.160, Mangaldas Market Ghadiyal Galli, Mumbai, M/s Deepak Impex, M-4/9, Hiramani Ratan Co-op Housing Society, Bangur Nagar, Goregaon (East), Mumbai and others issued vide, F.No. DRI/MZU/NS/INV-15/05-06, dated the 25th July, 2006 by the Additional Director General, Directorate of Revenue...

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Amendment in Notification No. 71/2006-Customs ( N.T.), dated 23rd June, 2006

Notification No. 131/2006-Customs (N.T.) (08/12/2006)

In exercise of powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 71/2006-Customs (N.T.), ...

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Circular No. 842/19/2006-Central excise, Dated: 8.12.2006

Circular No. 842/19/2006-Central excise (08/12/2006)

3. In this context, it may be pointed out that the "Refund" envisaged in the notifications is not on account of any excess payment of excise duty by the manufacturers, but is basically designed to give effect to the exemption. In other words, the mechanism has been adopted to operationalize the exemption envisaged in these two notificatio...

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Notification No. 366/2006-Income Tax Dated 8/12/2006

Notification No. 366/2006-Income Tax (08/12/2006)

Notification No. 366-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. 365/2006-Income Tax Dated 8/12/2006

Notification No. 365/2006-Income Tax (08/12/2006)

Notification No. 365-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section(4) of section 80-1A 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 the...

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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-19/06 (08/12/2006)

At least 50% of non-promoter holdings as per clause 35 of Listing Agreement are in demat mode before shifting the trading in the securities of the company from TFTS to Rolling settlement. ...

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Companies (Accounting Standards) Rules, 2006

Notification No. G.S.R. 739(E) (07/12/2006)

In exercise of the powers conferred by clause (a) of sub-section (1) of section 642 of the Companies Act, 1956 (1 of 1956), read with sub-section (3C) of section 211 and sub-section (1) of section 21 0A of the said Act, the Central Government, in consultation with National Advisory Committee on Accounting Standards, hereby makes the follo...

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Circular No. 841/18/2006-Central Excise, Dated: 6.12.2006

Circular No. 841/18/2006-Central Excise (06/12/2006)

I am directed to say that references have been received from field formation seeking clarification as to whether ready to eat packaged food items like namkeen, bhujia etc. are eligible for full exemption or are liable to 8% excise duty under notification No. 3/2006-CE dated 1.3.2006. Sr. No. 29 and Sr. No.30 of the notification No. 3/2...

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Circular No. 840/17/2006-Central Excise, Dated: 6.12.2006

Circular No. 840/17/2006-Central Excise (06/12/2006)

Certain manufacturers of biris purchase tobacco, obtain tendu leaves and make biris by rolling the tobacco in tendu leaves. This process is done without using any machine. The printed labels/ wrappers used for packing the biris are either purchased from the market or got manufactured on job work basis by sending the paper to the job w...

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Public Notice No. 74 (RE-2006)/2004-2009, Dated: 06.12.2006

Public Notice No. 74 (RE-2006)/2004-2009 (06/12/2006)

In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2004-09, the Director General of Foreign Trade hereby announces following corrections in Public Notice No.65 (RE-2006)/2004-2009 dated 20.10.2006....

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Amends Notification No. 21/2002-Customs Duty, dated 1.03.2002

Notification No. 115/2006-Customs (04/12/2006)

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.114/2006-Customs, dated the 28th November, 2006 which was published in the Gazette of India, Extraordinary vide number G.S.R.726(E), dated the 28th November, 2006....

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Public Notice No. 73 (RE:2006)/2004-2009, Dated: 04.12.2006

Public Notice No. 73 (RE:2006)/2004-2009 (04/12/2006)

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/additions/deletions/corrections in the Handbook of Procedures, Vol.2, 2004-2009, as amended from time to time....

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Notifies tariff values for edible oils and brass scrap

Notification No. 130/2006-Customs (N.T.) (01/12/2006)

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. 112/2006-Customs (N.T.), dated, the 31st October, 2006 (S.O. 1859 (E) dated 31st October 2006)....

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