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Archive: 2008

Posts in 2008

Public Notice No. 137 (RE-2007)/2004-2009, Dated: 03.04.2008

April 3, 2008 403 Views 0 comment Print

Export of Basmati Rice shall not be entitled for DEPB benefits under Sl. No. 22C and 22D of the Miscellaneous Product.

Cut-off time for e-payment transactions pertaing to Government Revenue

April 3, 2008 12199 Views 0 comment Print

DGBA.GAD.No. 10577 / 42.01.038 /2007-08 – We further advise that It has been decided inconsultation with the Controller General of Accounts, Ministry of Finance, Government of India that the cut-off time of 8.00 p.m. fixed for e-payment transactions would be applicable for all Government transactions including EASIEST and OLTAS. The other instructions contained in para 1 of our circular would remain unchanged.

Notification No. 35/2008-Customs Duty (N.T.), dated 02-04-2008

April 2, 2008 487 Views 0 comment Print

therefore in exercise of the powers conferred by Section 11-I of the Customs Act, 1962 (52 of 1962), the Central Government hereby specifies the goods in the said Schedule as the goods in respect of which special measures for the purpose of checking their illegal export and facilitating the detection of the said goods which are likely to be illegally exported, shall be taken in the areas specified in India’s land border with Bangladesh falling within the territories of West Bengal, Tripura, Assam, Meghalaya and Mizoram in terms of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 31/2008 Customs (N.T.) dated 25 th March, 2008.

Notification No. 17/2008 – Service Tax, dated 01-04-2008

April 1, 2008 1525 Views 0 comment Print

Notification No. 17/2008-Service Tax In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.41/2007-Service Tax, dated the 6th October, 2007 which was published in the Gazette of India,

Amends Notification No. 21/2002-Customs, Dated 1st March, 2002

April 1, 2008 436 Views 0 comment Print

The principal notification was published in the Gazette of India, Extraordinary, vide number G.S.R. 118(E), dated the 1st March, 2002 and was last amended by notification no. 37/2008-Customs, dated the 20th March, 2008 which was published in the Gazette of India, Extraordinary vide number G.S.R. 200 (E), dated the 20th March, 2008.

Notification No. 93 (RE-2007)/2004-2009, Dated: 01.04.2008

April 1, 2008 1003 Views 0 comment Print

In exercise of the powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) and also read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby makes, with immediate effect, the following amendments to Notification No.38 (RE-2007)/2004-2009, dated 15.10.2007.

Notification No. 92 (RE-2007)/2004-2009, Dated: 01.04.2008

April 1, 2008 442 Views 0 comment Print

In exercise of the powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) and also read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby makes, with immediate effect, following additions, at the end of Paragraph of 1 of Notification No.85 (RE-2007)/2004-2009 dated 17.3.2008.

Notification No. 91 (RE-2007)/2004-2009, Dated: 01.04.2008

April 1, 2008 388 Views 0 comment Print

In exercise of the powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) and also read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009

SEBI (Payment of Fees) (Amendment) Regulations, 2008

March 31, 2008 817 Views 0 comment Print

In exercise of the powers conferred by section 30 read with clause (k) of sub-section (2) of section 11 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Buy Back of Securities)

Notification No. 45/2008-Income Tax Dated: March 24, 2008 on Section 14A

March 31, 2008 4403 Views 0 comment Print

INCOME TAX NOTIFICATION NO-45/2008, DT: March 24, 2008 Method for determining amount of expenditure in relation to income not includible in total income. 8D(1) Where the Assessing Officer, having regard to the accounts of the assessee of a previous year, is not satisfied with-(a) the correctness of the claim of expenditure made by the assessee; or (b) the claim made by the assessee that no expenditure has been incurred, in relation to income which does not form part of the total income under the Act for such previous year, he shall determine the amount of expenditure in relation to such income in accordance with the provisions of sub-rule (2).

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