"July, 2007" Archive - Page 3

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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Terms & Disclaimer for www.taxguru.in

The www.taxguru.in Web Site (the 'Site') is an online information service provided by TaxGuru (”www.taxguru.in “), subject to your compliance with the terms and conditions set forth below. PLEASE READ THIS DOCUMENT CAREFULLY BEFORE ACCESSING OR USING THE SITE. BY ACCESSING OR USING THE SITE, YOU AGREE TO BE BOUND BY THE TERMS AND COND...

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Posted Under: DGFT |

CA certificate required to be given to the banker even in respect of import payments

03/RBI (19/07/2007)

A. P. (DIR Series)CIRCULAR NO03/RBI under Section 195 of the Income Tax Act read with Rule 29B of the IT Rules, any person responsible for making payment to a non-resident or to a foreign company, any interest or any other sum chargeable under the IT Act, shall at the time of payment or credit of the amount deduct Income Tax thereon at th...

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Notification No. 16 (RE- 2007)/2004-2009, Dated: 25.07.2007

Notification No. 16 (RE- 2007)/2004-2009 (25/07/2007)

In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No.22 of 1992) read with Para 1.3 and 2.1 of the Foreign Trade Policy 2004-2009 , the Central Government hereby makes the following amendments against entries at Sl.No.78, Chapter 26 of Schedule 2 of ITC(HS)....

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SEBI : Establishment of Connectivity with both NSDL and CDSL – Companies eligible for shifting from Trade for Trade Segment (TFTS) to Rolling Segment

MRD/DoP/SE/Cir-10/07 (25/07/2007)

It is observed from the information provided by the depositories that the companies listed in Annexure ‘A’ have established connectivity with both the depositories during the months of April and May 2007....

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Anti-dumping on imports of Hexamine

Notification No. 89/2007-Custom (25/07/2007)

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 conferred by sub-clause (i) of...

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