"31 October 2008" Archive

Amends notification No. 36/2001-Customs Duty (N.T.), dated, 3rd August 2001

Notification No. 116/2008-Customs (N.T.) (31/10/2000)

The Principal notification was published in the Gazette of India, Extraordinary, vide Notification No.36/2001 - Customs (N.T.), dated, the 3rd August, 2001 (S.O.748 (E), dated, the 3rd August, 2001) and was last amended vide Notification No. 113/2008-Customs (N.T.), dated, the 16th October, 2008 (S.O. 2459 (E) dated 16th October, 2008)....

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SEBI : Review of Securities Lending and Borrowing (SLB) Framework

MRD/DoP/SE/Cir- 31/2008 (31/10/2008)

The framework for SLB was specified vide circular no. MRD/DoP/SE/Dep/Cir- 14 /2007 dated December 20, 2007. SLB was operationalised with effect from April 21, 2008....

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Policy Circular No. 37 (RE-2008)/2004-2009, Dated: 31.10.2008

Policy Circular No. 37 (RE-2008)/2004-2009 (31/10/2008)

Para 2 (II) of Policy Circular No. 12 (RE-08)/2004-09 dated 27.06.08 and Para 2 (II) of Policy Circular No. 13 (RE-08)/2004-09 dated 30.06.08 shall be amended to read as under....

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No Tax Relief Likely For Market-To-Market Loss

IT is turning out to be a double whammy of sorts for companies that have taken a hit on account of mark-to-market (MTM) losses due to their exposure to forex derivatives. These companies may find it difficult to convince the income tax (I-T) department to allow MTM losses as deduction. Sources in the I-T department pointed out that there...

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Posted Under: Custom Duty |

Adopt an Animal, GET I-T Relaxation

Adopt an animal by paying for its upkeep at the Nandankanan Zoological park and get relaxation in income tax here. The adopters will get the benefit under Section 80G of the Indian Income Tax Act, zoo director Ajit Patnaik told reporters on Friday at the launch of the programme to boost the park's conservation programme....

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Posted Under: Custom Duty |

Sebi Amends Clause 49 of The Listing Agreement That Deals With Corporate Governance Norms

The amendments have been made after representations from entities requested Sebi to bring about further clarity on the amendment (made on April 8) where the promoter of a listed company is a listed or an unlisted entity. A Sebi release said, “If the promoter is a listed entity, its directors —other than the independent directors, its ...

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Posted Under: Custom Duty |

Further amends Notification No. 21/2002-Customs duty, dated 1st March, 2002

Notification No. 119/2008-Customs (31/10/2008)

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 makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of ...

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Anti-dumping duty on import of Cable ties

Notification No. 118/2008-Customs (31/10/2008)

For the purposes of this notification, landed value means the assessable value as determined under the Customs Act, 1962 (52 of 1962) and includes all duties of customs except duties levied under sections 3, 3A, 8B, 9 and 9A of the said Customs Tariff Act....

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Amends Notification No.79/2008-Customs Duty, dated 13th June, 2008

Notification No. 117/2008-Customs (31/10/2008)

The principal notification No.79/2008-Customs, dated the 13th June, 2008 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 458(E), dated the 13th June, 2008....

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Exempts iron ore fines when exported out of India

Notification No. 116/2008-Customs (31/10/2008)

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 iron ore fines falling under Heading No. 11 of the Second Schedule to the Customs Tariff Act, 1975 (51 of 1975), when ex...

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