"October, 2007" Archive - Page 3

Vishesh Krishi Upaj Yojana benefits for export of Cashew, Pepper, Chilly, Cardamom and Sesamum Seeds for exports from 1.4.2004 till 31.8.2004

Policy Circular No. 17 (RE-2007)/2004-2009 (26/10/2007)

After giving due consideration to the representations from the exporting community, it has been decided, with approval of C&IM, that exports of Cashew [covered by ITC HS codes 080131 & 080132 (Cashew Nuts & Kernel) and covered by ITC HS codes 20081910 (Cashew nut, roasted, salted or roasted and salted)]; Pepper & Chilly both covered by IT...

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Labour norms eased for firms with 40 workers

New Delhi, Oct 25 The Government has approved easing of labour laws to exempt establishments employing up to 40 workers from maintaining mandatory registers and submitting returns.The Government proposes to introduce a simplified form, which will give relief to employers of such establishments, who are currently required to maintain regis...

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Posted Under: DGFT |

FBT on ESOP should not apply to foreign securities?

Does the FBT law intend to cover securities under SCRA? I don’t think so. We have to look at the rationale of levy of FBT. In a booming economy, accompanied with a vibrant stock market, corporates have figured out a creative way to compensate their employees through the ESOP scheme. It could be ESOP of a listed company or an unlisted co...

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Posted Under: DGFT |

How to Write a Better Resume

whether you're looking for your first job, hoping for advancement with your current employer, considering a job change, or just getting your records in order, maybe now is the time to make sure your resume is in good shape. Robert Half International offers some tips on building a good resume. A good resume alone won't get you a job. But a...

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Posted Under: DGFT |

SEBI : Parking of Funds in Short Term Deposits of Scheduled Commercial Banks by Mutual Funds – Pending deployment

SEBI/IMD/CIR No. 8/107311/07 (26/10/2007)

circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with the provisions of Regulation 77 of SEBI (Mutual Funds) Regulations, 1996, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market....

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SEBI announces new Promissory Note policy

M Damodaran, Chairman, Sebi, while addressing the new policy on P-notes said that this is not a board meeting to decide on a single issue. He said the stock exchanges would be mandated to onstitute a committee chaired by a non-executive member of a concerned exchange to focus on surveillance. This, he feels, would make the market a safer ...

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Posted Under: DGFT |

Tax implications of offshore derivative instruments

Will the proposed review of foreign institutional investor (FII) regulations about issuance of ODIs (offshore derivative instruments) have any income-tax implications in India for the foreign investors? The answer appears to be in the affirmative."The proposals may lead to tax cost for the overseas investors and these investors will have ...

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Posted Under: DGFT |

Five key issues in FBT guidelines on ESOPs

As you may be aware, the Finance Act, 2007 amended the provisions of the Income-tax Act, 1961 to provide that employers will be liable to pay FBT (fringe benefit tax) on the value of ESOPs granted to employees as and when the ESOPs were allotted or transferred to the employees. The value of ESOPs for the purposes of levy of FBT shall be t...

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Posted Under: DGFT |

Notification No. 43 (RE-2007)/2004-2009, Dated: 24.10.2007

Notification No. 43 (RE-2007)/2004-2009 (24/10/2007)

In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby makes the following further addition with immediate effect at the end of Paragraph 2 of Notification No. 38(RE-200...

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Public Notice No. 74 (RE-2007)/2004-09, Dated: 24.10.2007

Public Notice No. 74 (RE-2007)/2004-09 (24/10/2007)

RA, will calculate unfulfilled export obligation, as per prevailing norms. In case norms are not fixed, R.A. will take up with Norms Committee for its fixation. Such export performance would only be taken into account, as within valid export obligation period of Advance Authorization....

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