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Archive: 2007

Posts in 2007

How C.A. can bring improvement in working

August 15, 2007 1344 Views 0 comment Print

By adopting practice of early and timely work disposal and for that purpose adopting some time saving practices, one can find lot of extra time for reading, writing, thinking and relaxation. Pending work causes lot of burden on your mind and heart- it is not good for health and wealth both. Reminders from clients should not be considered as indication of your importance but in nature of complaints. Still if you have an urge to feel reminders as praise, once a while you can delay some work, preferably a petty one and not very important to you, you will receive a reminder from client and that proves that even a petty work for you is important to the client.

High Court Defines Books of Account in Tax Law

August 15, 2007 43038 Views 0 comment Print

The Madras High Court clarifies that P&L accounts and balance sheets are not considered books of account under the Income Tax Act, impacting tax compliance.

Circular No. 28/2007-Custom Duty, Dated: 14.08.2007

August 14, 2007 1906 Views 0 comment Print

It may also be noted that the Public Notice No. 19 (RE-2007)/2004 -2009 dated the 16th July, 2007 provides that the new System of import from registered sources will come into effect from 1.4.2008 and imports will be allowed on the basis of Pre-Shipment Inspection regime, till the new system comes into effect. Further, transitional arrangements as per para 1.4,1.5 of Foreign Trade Policy will apply to the changes made in the said Public Notice no. 19 of 16.07.2007. Accordingly the Commissioner of Customs.

Notification No. 82/2007- Customs Duty (N.T.), Dated: 14th August,2007

August 14, 2007 685 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Central Excise, Jaipur-I, Jaipur to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on the Commissioner of Customs.

Notification No. 81/2007-Customs Duty (N.T.), Dated: 14th August, 2007

August 14, 2007 592 Views 0 comment Print

Notification No. 81/2007-Customs (N.T.) CBEC hereby appoints the Commissioner of Central Excise, Thane – I to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on the Commissioner of Customs

Notification No. 80/2007-Customs Duty (N.T.), Dated: 14th August, 2007

August 14, 2007 424 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs (Imports), Jawaharlal Nehru Customs House, Nhava Sheva to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on the Commissioner of Customs, Customs House.

Notification No. 23 (RE-2007)/2004-2009, dated: 14.08.2007

August 14, 2007 280 Views 0 comment Print

The foreign manufacturers intending to export cement to India under above exemption are required to make application to Department of Industrial Policy & Promotion, Government of India, for grant of exemption from standard mark under proviso to Section 3 of Cement (Quality Control) Order, 2003.

Notification No. 226/2007, Dated: 14.08.2007

August 14, 2007 712 Views 0 comment Print

In partial modification of the Notifications issued by Central Board of Direct Taxes Department of Revenue Ministry of Finance Government of India.

Circular No. 853/11/2007-Central Excise, Dated: 13.08.2007

August 13, 2007 724 Views 0 comment Print

The undersigned is directed to refer to the Boards circular No. 621/12/2002 dated 21.02.2002 on the above subject. Para 8 of this circular provides the time limit for filing refund claim to be one year from the date of purchase of the goods by the diplomatic mission or consular office, as per the provisions of section 11B (1)of the Central Excise Act,1944

Notification No. 22 (RE-2007)/2004-2009, Dated: 13.08.2007

August 13, 2007 427 Views 0 comment Print

Para 3.9.6 and Para 3.10.6 of FTP (RE2006) inserted vide Notification No.9 (RE-2006)/2004-2009 dated 13.6.2006 and Notification No.41 (RE-2006)/2004-2009 dated 17.1.2007 is deleted. This deletion is w.e.f. 13.6.2006 & 17.1.2007 respectively.

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