"May, 2008" Archive - Page 10

Notification No. 18/2008 – Service Tax, dated 10-05-2008

Notification No. 18/2008 - Service Tax (10/05/2008)

Notification No. 18/2008 - Service Tax In exercise of the powers conferred by clauses (A) and (B) of section 90 of the Finance Act, 2008 (18 of 2008), the Central Government hereby appoints the 16th day of May, 2008, as the date on which the provisions of the said Act shall come into force. ...

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Rescinds Notification No.22/2008-Customs, dated 1st March, 2008

Notification No. 67/2008-Customs (10/05/2008)

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), read with sub-section (4) of section 134 of the Finance Act, 2003, the Central Government hereby rescinds the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.22/2008-Customs, dated th...

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Exempts the specified goods

Notification No. 66/2008-Customs (10/05/2008)

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the goods specified in column (3) of the Table annexed hereto and falling under Heading No. of the Second Schedule to t...

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DCIT Vs. Honeywell International (India) Pvt. Ltd. (ITAT Delhi)

DCIT Vs M/s Honeywell International (India) Pvt. Ltd. (ITAT New Delhi 'C' Bench)

The CIT (A) in a well-reasoned and well-discussed order has not committed any error in coming to a conclusion that the assessee was entitled to claim deduction on account of foreign exchange fluctuation loss. (Para 15)...

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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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Public Notice No. 14 (RE-2008)/2004-09, Dated: 08.05.2008

Public Notice No. 14 (RE-2008)/2004-09 (08/05/2008)

The agency mentioned below is added at Sr. No.6 (Andhra Pradesh) in Appendix 4C, (Certificate of Origin Non-Preferential) of Handbook of Procedure....

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Notification No. 63/2008-Customs, dated 8th May, 2008

Notification No. 63/2008-Customs (08/05/2008)

The Principal notification No.73/2006-Customs, dated the 10th July, 2006 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (1) vide number G.S.R 408(E), dated the 10th July, 2006 and was last amended by notification No.116/2007-Customs, dated the 30th November, 2007 vide number G.S.R 745 (E), dated 30th...

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