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Archive: 2006

Posts in 2006

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

December 21, 2006 514 Views 0 comment Print

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].

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

December 20, 2006 1191 Views 0 comment Print

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 proposed to be provided but is an ongoing activity, the application is not maintainable.

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

December 20, 2006 433 Views 0 comment Print

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 the12th September, 2002.

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

December 19, 2006 844 Views 0 comment Print

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

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

December 18, 2006 17565 Views 0 comment Print

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.

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

December 18, 2006 412 Views 0 comment Print

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.

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

December 18, 2006 634 Views 0 comment Print

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;

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

December 18, 2006 871 Views 0 comment Print

.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.

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

December 15, 2006 9183 Views 0 comment Print

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 after their retirement from service.

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

December 15, 2006 427 Views 0 comment Print

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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