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Archive: 2006

Posts in 2006

Imposing provisional antidumping duty on POY imported from People"s Republic of China

August 2, 2006 580 Views 0 comment Print

For the purposes of this notification, “rate of exchange” applicable for the purposes of calculation of anti-dumping duty shall be the rate which is specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962 (52 of 1962) and the relevant date for the determination of the rate of exchange shall be the date of presentation of the bill of entry under section 46 of the said Customs Act.

SEBI : Investment in ADRs/GDRs/Foreign Securities and overseas ETFs by Mutual Funds

August 2, 2006 697 Views 0 comment Print

mutual funds can invest in ADRs/GDRs/Foreign Securities within overall limit of US$2 bn. with a sub-ceiling for individual mutual funds which should not exceed 10% of the net assets managed by them as on March 31 of each relevant year, subject to a maximum of US $100 mn. per mutual fund.

Defination of terms used in Section 44AB

August 2, 2006 9860 Views 0 comment Print

This appeal is arising out of the order of the Tribunal dt. 27th April, 2001 sustaining the penalty levied against the assessee-appellant under Section 271B for failure on the part of the assessee to get its accounts audited and obtain the report of such audit before the date prescribed under Section 44AB.

Supersession of notification No. 35/2004-Central Excise (N.T.) dated 01.11.2004 exempts specific assessee or class of assessee

August 1, 2006 559 Views 0 comment Print

G.S.R. (E) – In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) read with clause (b) of sub-rule (2) of rule 12 of the Central Excise Rules, 2002 and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 35/2004-Central Excise.

MVAT Refund for the Financial Year 2005-06 and 2006-07

August 1, 2006 1522 Views 0 comment Print

Trade Cir-18T of 2006 This office had earlier issued the above-referred three Trade Circulars, enumerating the procedure for grant of provision refund for part of the period/periods pertaining to the financial year 2005-06.

SEBI : (Stock Brokers and Sub-Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) (Amendment) Regulations 2006) (Amendment) Regulations 2006

August 1, 2006 466 Views 0 comment Print

In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the Regulations to further amend the Securities and Exchange Board of India (Stock Brokers and Sub Brokers) Regulations, 1992 namely

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

July 31, 2006 280 Views 0 comment Print

DGFT updates export benefits under VKGUY for oleoresins from 1 April 2004; applications for 2004-05 exports to be filed by 31 October 2006.

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

July 31, 2006 289 Views 0 comment Print

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.

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

July 31, 2006 424 Views 0 comment Print

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 Export Order/Irrevocable Letter of Credit shall be one of the factors to be taken into consideration for issue of Authorisation Letter.

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

July 31, 2006 424 Views 0 comment Print

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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