"26 July 2007" Archive

Public Notice No. 30 (RE-2007)/2004-2009, Dated: 26.07.2007

Public Notice No. 30 (RE-2007)/2004-2009 (26/07/2007)

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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Applicable date for calculating interest on excess imports under Para 4.28 of Handbook of Procedures, Vol.1-Reg

Circular No. 27/2007-Customs Duty (26/07/2007)

It is, therefore, clarified that the applicable date for calculation of interest in terms of Para 4.28 of the Handbook of Procedures Vol. 1 and Notification No. 93/2004-Cus., dated 10-9-2004 would be the date of clearance of last imports, which could not be utilised in the manufacture of export goods, unless specific correlation between i...

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Notification No. 76/2007-Customs Duty (N.T.), Dated: 26.07.2007

Notification No. 76/2007-Customs (N.T.) (26/07/2007)

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.64/2007-NT-Customs, dated the 26th June, 2007 [S.O.1021(E), dated the 26th June...

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Notification No. 75/2007-Customs Duty (N.T.), Dated: 26th July, 2007

Notification No. 75/2007-Customs (N.T.) (26/07/2007)

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.63/2007-NT-Customs, dated the 26th June, 2007 [S.O.1020(E) dated the 26th June, 20...

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Notification No. 17 (RE-2007)/2004-09, Dated: 26.07.2007

Notification No. 17 (RE-2007)/2004-09 (26/07/2007)

In exercise of powers conferred under 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 makes the following amendments in Schedule-I (Imports) to the ITC (HS) Classifications of Export and Import Items, 2004-09....

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Notification No. 90/2007-Customs Dated: 26th July, 2007

Notification No. 90/2007-Customs (26/07/2007)

Furnishes an undertaking to the Deputy Commissioner of Customs or the Assistant Commissioner of Customs, as the case may be, to the effect that the imported goods shall be used for the above purpose and he shall pay, on demand, in the event of his failure to use the imported goods for the above purpose, an amount equal to the difference b...

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Guidelines for import of Rough Marble Blocks/Slabs for the year 2007-08

Policy Circular No. 01 (RE-2007)/2004-2009 (26/07/2007)

An additional quota of 10,000 MT may be allocated by the Government to actual users, such as, hotels, places of worship among others. These imports will be subject to the condition that the product manufactured after processing of imported goods shall also not be allowed for sale....

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Where reasonable explanation is furnished, levy of penalty u/s 271D is not justified

Commissioner Of Income-Tax. Vs. Maheshwari Nirman Udyog (Rajasthan High Court)

In the instant case, there was no evidence to show that money was loaned or kept deposited for a fixed period or repayable on demand. Further, the sister concerns and the assessee were owned by the same family group of people with a common managing partner with centralised accounts under the same roof...

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Circular No. 5/2007 Dated 26-7-2007 related to new ITR

Circular No. 5/2007-Income Tax (26/07/2007)

CIRCULAR NO. 5 / 2007-Income Tax . The Central Board of Direct Taxes, vide notification S.O. No.762(E) dated 14th May, 2007 have notified following new return forms for assessment year 2007-08 under a new series:- (i) ITR-1 return of income for individuals having income from salary/ pension/ family pension and not having any other income...

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