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Archive: 2007

Posts in 2007

Prescribes the procedure for claiming refund of unutilised CENVAT credit

April 25, 2007 457 Views 0 comment Print

If there is likely to be any delay in the verification, the Assistant Commissioner or Deputy Commissioner of Central Excise, as the case may be, shall refund 80% of the amount on provisional basis by the 30th day of the month following the month under consideration.

Notification No. 24/2007-Central Excise (N.T.); dated: 25.04.2007

April 25, 2007 1162 Views 0 comment Print

5A- Refund of CENVAT credit to units in specified areas.- Notwithstanding anything contrary contained in these rules, where a manufacturer has cleared final products in terms of notification of the Government of India in the Ministry of Finance (Department of Revenue) No.20/2007-Central Excise, dated the 25th April, 2007 and is unable to utilize the CENVAT credit of duty taken on inputs required for manufacture of final products specified in the said notification.

Grant of waiver of requirement of Bank Guarantee in respect of imported goods to be warehoused in Public or Private Bonded Warehouses regarding

April 24, 2007 1855 Views 0 comment Print

A number of representations/ references have been received from trade seeking waiver of the requirement of Bank Guarantee against the imported goods to be warehoused in the Public or Private Bonded Warehouse on various grounds.

Notification No. S.O. 636(E), dated 24/04/2007

April 24, 2007 643 Views 0 comment Print

—In exercise of the powers conferred by Sub-section (l ) of Section 2I0A of the Companies Act, 1956 (1 of_1956), the Central Government hereby makes the following amendment in the notification of Government of India, in the Ministry of Company Affairs, published in the Gazette of India,

SEBI (Manner of Service of Summons and Notices issued by the Board) (Amendment) Regulations, 2007

April 23, 2007 961 Views 0 comment Print

A. A summons, notice issued by the Board under these regulations may be served in the manner provided in regulation 22 of the Securities and Exchange Board of India.

SEBI : Revised Monthly Cumulative Report (MCR)

April 20, 2007 601 Views 0 comment Print

This 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.

SEBI : Guidelines for (i) Consent Orders and (ii) For considering requests for composition of offences under SEBI Act, SC(R) Act and Depositories Act

April 20, 2007 1447 Views 0 comment Print

The consent order shall be published through a press release and put on SEBI’s website. In cases where a Party undertakes compliances as per agreed schedule, the concerned department in SEBI shall monitor the same.

Clarification in respect of classification of higher technology featured mobile/cellular handset or telephones-regarding

April 19, 2007 835 Views 0 comment Print

Consist of transmission and reception hardware such as transceivers, antenna, microphone, speaker, battery, radio-frequency chip, basic band chip, power management chip, Subscriber Identity Module (SIM), International Mobile Equipment Identity (IMEI) or other unique identity for cellular/mobile phone as well as radio-frequency transmission software such as GSM, General Packet Radio Service (GPRS) and Enhanced Data rates for GSM Evolution (EDGE) etc.,

Circular No. 849/07/2007-Central Excise, Dated: 19.4.2007

April 19, 2007 1051 Views 0 comment Print

Attention is invited to the Taxation Laws (Amendment) Act, 2006 wherein section 37E has been inserted in the Central Excise Act, 1944. This provision empowers the Central Government to publish information relating to the names of the assessees or any other particulars relating to any proceedings or prosecution under the Central Excise Act, 1944 in respect of such persons, if it is considered necessary and expedient in the public interest to do so.

Public Notice No. 02 (RE:2007)/2004-2009, Dated: 19.04.2007

April 19, 2007 538 Views 0 comment Print

In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2004-09 and Paragraph 1.1 of the Handbook of Procedures (Vol.1), the Director General of Foreign Trade hereby makes the following amendments/ additions/deletions/corrections in the Handbook of Procedures, Vol.2, 2004-2009, as amended from time to time.

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