for the purpose of adjudicating the matters relating to show cause notice pertaining to M/s Park Organics Limited, 37/B,Sumatinagar, S.V.Road, Kandivali (W), Mumbai – 67 issued vide, F.No. DRI/BZU/F/04/2005/6690 to 6708, dated the 21st August, 2007, by the Additional Director General, Directorate General of Revenue Intelligence, Mumbai Zonal Unit, Mumbai.
for the purpose of adjudicating the matters relating to show cause notice pertaining to M/s Navyuga Engineering Company Limited, 48-9-17, Dwarakanagar, Vishakapatnam issued vide, F.No. DRI/MZU/E/31/2007, dated the 23rd January, 2008 by the Additional Director General, Directorate General of Revenue Intelligence, Mumbai Zonal Unit, Mumbai.
The principal notification No.114/2005-Customs (N.T.), dated the 30th December, 2005, was published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i), vide number G.S.R. 755 (E), dated the 30th December, 2005. (incorporating correction by corrigenda dated 18.11.2008).
The principal notification No.12/97-CUSTOMS(N.T.), dated the 2nd April, 1997 was published in the Gazette of India, Extraordinary, Part-II, section 3(i) vide number G.S.R. 193(E), dated the 2nd April, 1997 and was last amended by notification No. 88/2008-CUSTOMS (N.T.), dated the 17th July, 2008, published in the Gazette of India, Extraordinary, Part-II, section 3(i) vide number G.S.R. 542 (E), dated the 17th July, 2008.
Import permitted freely provided cif value is US$ 50 & above per square metre except, in case of import of the product from Nepal. However, the said exemption shall be applicable only on such imports, which have been processed/ manufactured out of marble mined in Nepal.
Oil prices are a barometer of the world economy. Rising prices between 2003 and 2007 reflected the best global economic growth in a generation. This high economic growth was brought to an end not only by underpricing of risk, excess liquidity and over-confidence but also by an increasingly unsustainable commodity boom – of which oil was a crucial part. Now, as the world has dropped into recession, oil prices have fallen by more than half.
Exporters of traditional items including textiles, gems & jewellery, handicraft and leather — hit hardest by the slowdown in the Western markets — may get access to cheaper credit to tide over the current global meltdown. The commerce department and the finance ministry are discussing an incentive package for identified labour-intensive export sectors, which could include provision of credit at a subsidised rate and for a longer period. Incentives may also be given to exporters to diversify to alternate markets less affected by the global crisis.
Sebi has once again attempted to walk the tightrope not by imposing restrictions, but by encouraging buying on bourses by relaxing the Takeover Code to extend creeping acquisition limit beyond 55%, if done on the floor of the stock exchange. With stock markets plummeting and most regulators imposing harsh measures like banning short selling, Sebi has once again (after relaxing restrictions on participatory notes) attempted to walk the tightrope for discouraging further selling not by imposing restrictions, but by encouraging buying on bourses by relaxing the Sebi (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (the “Takeover Code”) to extend creeping acquisition limit beyond 55%, if done on the floor of the stock exchange
A In case of claim under Market Linked Focus Product scheme (Para 3.10.7 of Foreign Trade Policy, 2004-09), kindly fill in the linked market for each shipping bill.
You can never really understand investing until you weather a market downturn. The valuable lessons learned can help you through the bad times and can be applied to your portfolio when the economy recovers. Listed below are some common investor experiences during tough economic times and the lessons each investor can come away with after surviving the events.
