"09 May 2008" Archive

Amends certain notifications

Notification No. 65/2008-Customs (09/05/2008)

The Principal notification No.97/2004-Customs, dated the 17th September, 2004 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (1) vide number G.S.R 620 (E), dated the 17th September, 2004 and was last amended by notification No.116/2007-Customs, dated the 30th November, 2007 vide number G.S.R 745 (E),...

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Exempts specified goods from duty of customs and additional duty

Notification No. 64/2008-Customs (09/05/2008)

Capital goods in Semi Knocked Down (SKD) / Completely Knocked Down (CKD) conditions to be assembled into capital goods by the importer....

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Circular No. 868/06/2008-CX Dated 9/5/2008

Circular No. 868/06/2008-CX (09/05/2008)

In the budget 2008-09, certain amendments have been carried out in the CENVAT Credit Rules, 2004. Rule 6 of CENVAT Credit Rules, 2004 pertains to an assessee who manufactures dutiable and exempted goods and provision of taxable and exempted services. As a general principle, CENVAT credit is not allowed on input or input service used for t...

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SC judgment on insertion of proviso to Section 10(23C)(vi)

American Hotel & Lodging Association Educational Institute Vs Central Board of Direct Taxes & Ors (Supreme Court of India)

In American Hotel & Lodging Association, Educational Institute vs. CBDT 2008 (301) ITR 86 SC, the Supreme Court analysed the provision and found that the second proviso to Section 10(23C)(vi) lays down the powers and duties of the prescribed authority for vetting an application for approval and that the prescribed...

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