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Archive: March, 2008

Posts in March, 2008

Amends Notification No. 69/2004-Customs, dated 9th July, 2004

March 5, 2008 403 Views 0 comment Print

The principal notification No.69/2004-Customs, dated the 9th July, 2004 was published in the Gazette of India, Extraordinary, vide number G.S.R. 411 (E), dated the 9th July, 2004 and was last amended vide notification No. 83/2007-Customs, dated the 4th July, 2007, and published in the Gazette of India, Extraordinary, vide number G.S.R. 466(E), dated the 4th July, 2007.

Notification No. 16/2008-Central Excise (N.T.); Dated: 04.03.2008

March 4, 2008 982 Views 0 comment Print

The principal notification was published in the Gazette of India Extraordinary, vide notification No. 35/2001-Central Excise (N.T.), dated the 26th June, 2001, vide G.S.R. 464 (E) dated the 26th June, 2001, and were last amended vide notification No. 81/2003-Central Excise (N.T.), dated the 3rd November, 2003, vide G.S.R.859(E) dated the 3rd November, 2003

Names of Audit Firms appointed as Statutory Central Auditors for 27 Public Sector Banks for the year 2007-08

March 4, 2008 4658 Views 0 comment Print

Allahabad Bank Syndicate Bank United Bank of India Vijaya Bank, Bangalore State Bank of India State Bank Of Bikaner & Jaipur State Bank of Hyderabad State Bank of Indore 1. M/s N Chaudhuri & Co, Kolkata 2. M/s Rasool Singal & Co., New Delhi 3. M/s Dass Gupta & Associates, New Delhi 4. M/s K.S. Bothra & Co., Kolkata 5. M/s Venkat & Rangaa, Chennai 6. M/s Anand Rungta & Co., Patna

Public Notice No. 122 (RE-2007)/2004-09, Dated: 04.03.2008

March 4, 2008 499 Views 0 comment Print

Further in order to enable supporting manufacturers, whose names appear in the shipping bills, to import directly, Licensing Authority concerned shall endorse the names of such supporting manufacturers on the certificate as co-licensees.

Payment by cable operator to get licence of TV channels is covered u/s 194C

March 3, 2008 6554 Views 0 comment Print

The assessee is a cable network operator through which it provides telecasting of programmes to the ultimate consumers/subscribers. The assessee in turn enters into a contract with the licensor of various TV channels. On the payment so made, Section 194C of the Act is attracted.

Amends notification No. 39/96-Customs Duty , dated 23rd July, 1996

March 3, 2008 346 Views 0 comment Print

The Principal notification was published in the Gazette of India, Extraordinary, vide Notification No.36/2001 – Customs (N.T.), dated, the 3rd August, 2001 (S.O.748 (E), dated, the 3rd August, 2001) and was last amended vide Notification No. 7/2008-Customs (N.T.), dated, the 15th February, 2008 (S.O.337 (E) dated 15th February, 2008).

Rescinds Notification No. 105/2007-Customs, dated 19th September, 2007

March 3, 2008 409 Views 0 comment Print

In exercise of the powers conferred by sub-sections (2) of section 9A of the Customs Tariff Act, 1975 (51 of 1975) read with rules 13 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government hereby rescinds the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 105/2007-CUSTOMS, dated the 19th September, 2007, published in the Gazette of India vide number G.S.R. 605(E), dated the 19th September, 2007.

Anti-dumping duty on specified items originating in, or exported from United States of America, Korea RP & Taiwan

March 3, 2008 466 Views 0 comment Print

For the purposes of this notification, “rate of exchange” applicable for the purposes of calculation of such 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 section 14 of the Customs Act 1962 , and the relevant date for the determination of the rate of exchange shall be the date of presentation of the bill of entry under section 46 of the said Customs Act.

hit fund following the ‘completed contract method of accounting’ and offering income at the end of the chit, held, approving the method

March 3, 2008 481 Views 0 comment Print

CIT vs. Bilahari Investments (Supreme Court) – In the case of a chit fund following the ‘completed contract method of accounting’ and offering income at the end of the chit, held, approving the method: (i) Recognition/identification of income under the Act is attainable by several methods of accounting including the completed contract method or the percentage of completion method.

Notification No. 15/2008-Central Excise (N.T.) ; Dated : 01.03.2008

March 1, 2008 562 Views 0 comment Print

The principal notification was published in the Gazette of India, Part II, Section 3, sub-section (i) Extraordinary vide notification No. 23/2006-Central Excise (N.T.), dated the 12th October, 2006, vide G.S.R. 630 (E), dated the 12th October, 2006, and last amended by notification No. 22/2007-Central Excise (N.T.), dated the 19th April, 2007, vide G.S.R. 301(E), dated the 19th April, 2007.

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