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Archive: July, 2008

Posts in July, 2008

Notifiction No. 94/2008-Customs Duty (N.T.), dated 25-07-2008

July 25, 2008 424 Views 0 comment Print

for the purpose of adjudicating the matters relating to show cause notice pertaining to M/s Aman Enterprise, T-21/A, Khirki Extension, Delhi and others, issued vide, F.No.DRI/SRU/INV-04/2006, dated the 31st December, 2007 by the Additional Director General, Directorate General of Revenue Intelligence, Ahmedabad Zonal Unit, Ahmedabad.

Notification No. 93/2008 – Customs Duty (N.T.), dated 25-07-2008

July 25, 2008 2743 Views 0 comment Print

for the purpose of adjudicating the matters relating to Show Cause Notices pertaining to Shri Varadhan Swamy, Proprietor, M/s Cinetekk, Plot No. 9, 8th Cross, Anna Nagar, Pondicherry and Smt. Vijayalakshmi, Proprietorix, M/s. Cineland, Plot No. 9, 8th Cross, Anna Nagar, Pondicherry issued vide, DRI F.No. VIII/48/27/2007, dated the 29th January, 2008, and DRI F.No. VIII/48/28/2007, dated the 30th January, 2008 by the Additional Director General, Directorate General of Revenue Intelligence, 25, Gopalkrishna (Iyer) Road, T. Nagar, Chennai – 600017.

Amends notification No. 108/2007-Customs Duty (N.T.), dated 17th October, 2007

July 25, 2008 472 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following amendment in the notification No. 108/2007-Customs(N.T.), dated 17th October, 2007 published in the Gazette of India Part II Section 3 Sub-Section (ii) vice S.O. 1777 (E) dated 17th October 2007, of the Government of India, Ministry of Finance (Department of Revenue) namely.

Amends notification vide number S.O. 1776 (E), dated17th October 2007

July 25, 2008 799 Views 0 comment Print

The Principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide number S.O. 1776 (E), dated the 17th October, 2007.

Regarding anti-dumping duty on import of Cathode Ray Colour Television Picture Tubes

July 24, 2008 634 Views 0 comment Print

For the purpose of this notification, if imports of bare tubes are reported, the benchmark, that is, the amount specified in column (9) of the Table, would be reduced by an amount as specified, namely, (i) in case of 14″ tube, by Rs. l23/-, (ii) in case of 15″ tube, by Rs. 149/-, (iii) in case of 20″ tube, by Rs. 185/-, and (iv) in case of 21″ tube, by Rs. 172/-.

SEBI : Abridged Schemewise Annual Report Format and periodic disclosures to the unitholders

July 24, 2008 1066 Views 0 comment Print

Mutual Funds shall display unaudited half-yearly results on their website in the format prescribed in twelfth schedule of Regulations.

Changes/amendments in the EOU/EHTP/STP and Gems and Jewellery Export Promotion Schemes-reg

July 24, 2008 1900 Views 0 comment Print

Export and re-import of cut and polished diamonds for certification and grading was governed under the notification No. 55/2001-Cus dated 16.05.2001. Now, the rough or non-industrial diamonds do not attract any duty. In view of this, the control on export and re-import for certification and grading of cut and polished diamonds under this notification has been dispensed with by rescinding notification No. 55/2001-Cus dated 16.05.2001 through notification No. 59/2008-Customs dated 05.05.2008. The provisions governing this scheme under para 4A.2 and 4A.2.1 of FTP have also been deleted.

Regarding anti-dumping duty on import of digital versatile discs – recordable generally known as DVD-R and DVD-RW

July 23, 2008 556 Views 0 comment Print

Whereas, in the matter of import of digital versatile discs-recordable generally known as DVD-R and DVD-RW, (hereinafter referred to as the subject goods) falling under heading 8523 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from China PR, Hong Kong, and Chinese Taipei (hereinafter referred to as the subject countries), and imported into India, the designated authority, in its preliminary findings vide notification No. 14/17/2007-DGAD dated the 16th June, 2008, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 17th June, 2008, has come to the conclusion that

Public Notice No. 53 (RE-2008)/2004-09, Dated: 23.07.2008

July 23, 2008 406 Views 0 comment Print

In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy 2004-09, Director General of Foreign Trade hereby makes the following amendments in the Handbook of Procedures.

Gangadharan vs. CIT (Supreme Court)

July 23, 2008 619 Views 0 comment Print

Gangadharan vs. CIT (Supreme Court) Held, by 3 judge Bench, resolving conflict of opinion amongst other benches of the SC, that: (1) merely because in some cases the revenue has not preferred appeal that does not operate as a bar for the revenue to prefer an appeal in another case where there is just cause for doing so or it is in public interest to do so or for a pronouncement by the higher Court when divergent views are expressed by the Tribunals or the High Courts.

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