"May, 2008" Archive - Page 11

Notification No. 7 (RE-2008)/2004-2009, Dated: 08.05.2008

Notification No. 7 (RE-2008)/2004-2009 (08/05/2008)

In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy – 2004-09, the Central Government hereby amends Schedule – I (Imports) of the ITC (HS) Classifications of Export and Import Items, 2004-09....

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Import of Motor Car etc. under EPCG Scheme -(Para 5.1 of FTP)

Policy Circular No. 7 (RE-2008)/2004-09) (07/05/2008)

In all past cases where Export Obligation Discharge Certificate (EODC) has not been obtained by 30-06-2008 and where vehicles were not registered as Tourist Vehicles, EPCG authorization holders will get them registered as Tourist Vehicles, by 31-08-2008. Regional Authorities of DGFT will monitor and ensure compliance....

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Notification No. 62/2008-Income Tax Dated 7/5/2008

Notification No. 62/2008-Income Tax (07/05/2008)

Notification No. 62-Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), Central Board of Direct...

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Notification No. 61/2008-Income Tax Dated 7/5/2008

Notification No. 61/2008-Income Tax (07/05/2008)

Notification No. 61-Income Tax In exercise of the powers conferred by sub-clause (vii ) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendment in notification of the Government of India, Ministry of Finance, Department of Revenue, published in the Gazette of India...

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Public Notice No. 13 (RE-2009)/2004-2009, Dated: 07.05.2008

Public Notice No. 13 (RE-2009)/2004-2009 (07/05/2008)

In the statement of Standard Input Output Norms (SION) as contained in the Handbook of Procedures (Vol.2), 2004-2009, as amended from time to time, amendments/correction at appropriate places as mentioned in ANNEXURE "A” to this Public Notice are made....

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Amendment in EPCG Authorization issued from 1.4.2008 to 11.4.2008

Policy Circular No. 6 (RE-2008) 2004-09 (07/05/2008)

In this context it is clarified that the EPCG Authorizations issued from 1.4.2008 to 11.4.2008 shall be deemed to be issued at 3% Custom Duty as per FTP (Revised 11-4-2008) and Customs shall automatically allow clearance of goods at 3% Customs Duty....

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March payments: TDS relief for tax-payers

Taxpayers are to get relief on their tax deducted at source (TDS) obligations with regard to their payments for expenses in March — the last month of the financial year for income-tax purposes. They will now get six months time to deposit the TDS related to payments made in March and also escape disallowance of expense under the Income-...

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Posted Under: DGFT |

Taxability of Software Payments

The tax treatment of cross border software transactions has always been a matter of controversy. One of the major issues has been whether payments for software, where the seller retains all copyright, trademark and other proprietary rights in the software, should be characterized as royalty or as business income. This article addresses th...

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Posted Under: DGFT |

SEBI : Reporting of information on a quarterly basis

Cir. No. MIRSD/DPS-2/RTA/Cir-17/2008 (06/05/2008)

The other terms and conditions mentioned in RRTI Circular No. 1(94-95) dated October 11, 1994 shall remain unchanged....

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Regarding anti-dumping duty on imports of certain rubber chemicals, namely MBT

Notification No. 62/2008-Customs [G.S.R. 338(E)] (06/05/2008)

The Principal notification No.21/2002-Customs, dated the 1st March, 2002 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (1) vide number G.S.R 118(E), dated the 1st March, 2002 and was last amended by notification No.56/2008-Customs, dated the 29th April, 2008 vide number G.S.R 315 (E), dated 29th Apr...

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