"10 September 2008" Archive

Public Notice No. 78 (RE-2008)/2004-09, Dated: 10.09.2008

Public Notice No. 78 (RE-2008)/2004-09 (10/09/2008)

Import authorizations for a restricted item if so directed by the competent authority, shall be issued for import through one of the sea ports or air ports orICDs or LCS, as per the option indicated, in writing, by the applicant. Authorization holder shall register the same at the port specified in the authorization and thereafter all imp...

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Public Notice No. 77 (RE-2008)/2004-09, Dated: 10.09.2008

Public Notice No. 77 (RE-2008)/2004-09 (10/09/2008)

In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2004-09, as amended, the Director General of Foreign Trade hereby makes the following correction in the Public Notice No.27 (RE-2005)/2004-09, dated 14th July, 2005, read with Public Notice No.14 (RE-2006)/2004-09 dated 30th May, 2006 and Public Notice No.91 ...

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Port of registration on authorizations issued for import of restricted items

Policy Circular No. 32 (RE-2008)/2004-2009 (10/09/2008)

The concerned licensing authorities of DGFT shall call back all authorizations for import of rough marble blocks/slabs issued under Policy Circular No.12 dated 27.6.2008 and under Policy Circular No.13 dated 30.6.2008 and indicate the port of registration on these licences, as per the option exercised by the license holder....

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Notification No. 34/2008- Central Excise (N.T); Dated: 10.09.2008

Notification No. 34/2008-Central Excise (N.T.) (10/09/2008)

In exercise of the powers conferred by sub-section (1B) of section 35B of the Central Excise Act, 1944 (1 of 1944), the Central Board of Excise and Customs hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance, Department of Revenue No. 25/2005-Central Excise (N.T), dated the 13...

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Regarding of anti-dumping duty imposed on steel and fibre glass tapes and their parts and components

Notification No. 104/2008-Customs (10/09/2008)

The principal notification No. 147/2003-Customs, dated the 7th October, 2003, was published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i) vide number GSR 793(E), dated the 7th October, 2003 and was last amended vide notification No. 50/2008-Customs, dated the 21st April, 2008 and was published in the Gazette...

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No tax on undertaking transfer- ITAT Bombay

Avaya Global Connect vs. ACIT (ITAT Mumbai 'A' Bench)

Avaya Global Connect vs. ACIT (ITAT Mumbai) - Where the assessee transferred its undertaking under a scheme of demerger which provided that neither the assessee nor its shareholders would receive any consideration from the transferee company as the value of the liabilities taken over were more than the value of the assets taken over and t...

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Translation Losses under Production Sharing Contract Care Not Illusory Losses

CIT vs. Enron Oil & Gas (Supreme Court) - Where the Assessee had entered into a production sharing contract with a consortium which was governed by section 42 of the Act and the assessee made contribution at a certain rate to the consortium whereas the expenditure incurred out of the said contribution stood converted on the basis of a dif...

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Posted Under: DGFT |

No power to condone delay in tax matters – High Court

CCE vs. Shruti Colorants (Bombay High Court) - As s. 35-G of the Central Excise Act (and s. 130 of the Customs Act) provides that an appeal to the High Court shall be filed within 180 days of the receipt of the order appealed against and there is no provision for condonation of delay the court has no power to condone delay. ...

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