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Archive: 28 January 2009

Posts in 28 January 2009

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 14, 2024 2421 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

Exchange Rate notification for Import /Export of goods wef 1st February, 2009

January 28, 2009 697 Views 0 comment Print

in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.140/2008-CUSTOMS (N.T.), dated the 29th December, 2008 vide number S.O. 2985(E), dated the 29th December, 2008

Notification No. 04/2009- Central Excise (N.T.); Dated: 28.01.2009

January 28, 2009 496 Views 0 comment Print

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 amendment in the notification of the Government of India, Ministry of Finance, Department of Revenue No. 5/2007-Central Excise (N.T)

Notification No. 03/2009 Central Excise (N.T.); Dated: 28.01.2009

January 28, 2009 370 Views 0 comment Print

G.S.R. (E). 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 amendment in the notification of the Government of India, Ministry of Finance, Department of Revenue, No. 24/2005-Central Excise (N.T.), dated the 13th May, 2005, namely.

Notification No. 02/2009-Central Excise (N.T.); dated: 28.01.2009

January 28, 2009 298 Views 0 comment Print

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 amendment in the notification of the Government of India, Ministry of Finance, Department of Revenue No. 25/2005-Central Excise (N.T), dated the 13th May,2005 published in the Gazette of India, Extraordinary, part II, Section 3, Sub-section (i), vide number G.S.R.305(E), namely..

Clarifications in respect of quantum of Bond and Bank Guarantee (BG) under Advance Authorization and Export Promotion Capital Goods schemes- reg

January 28, 2009 697 Views 0 comment Print

I am directed to invite your attention to the above mentioned subject and to say that, doubts have been raised, whether the amount of Bond and Bank Guarantee(BG) to be executed under Advance Authorization and Export Promotion Capital Goods schemes, include the interest amount also.

Price Waterhouse may not be able to practice in India if partners found guilty

January 28, 2009 360 Views 0 comment Print

Price Waterhouse may not be able to practice in India, if either or both of its partners — S. Gopalakrishnan and Talluri Srinivas — are found guilty in the Satyam Computer Services fraud case. If the regulators concerned agree to the suggestion made by the Institute of Chartered Accountants of India (ICAI), this kind of […]

Chartered Accountants in Big Four on Alert

January 28, 2009 1331 Views 0 comment Print

In what could be a fall-out of the Satyam account fabrication episode, the Institute of Chartered Accountants of India (ICAI) has started pitching for restraining all foreign firms from associating with domestic firms that do statutory audits in India .

Rule-2(l) of Cenvat Credit Rules does not require that service has to be rendered at the factory of the manufacturer for the purpose of eligibility for service tax credit

January 28, 2009 1682 Views 0 comment Print

Rule-2(l) of Cenvat Credit Rules does not require that service has to be rendered at the factory of the manufacturer for the purpose of eligibility for service tax credit. Therefore the stand of the revenue that since the service was provided at the buyer’s premises credit is not admissible cannot be accepted. What has to be examined is whether the service provided is in or in relation to manufacture.

RBI – Extension of service window for RTGS transactions

January 28, 2009 681 Views 0 comment Print

Please refer to our previous circular DPSS (CO) No. 2118 / 04.04.002 / 2007 – 2008 dated June 25, 2008 on the captioned subject. On a review of RTGS timings, the RTGS Standing Committee has decided to extend RTGS timings for customer transactions on Saturdays from 12:00 noon to 12:30 hours and for inter-bank transactions from 14.00 to 14.30 hours. The new timings have already become effective from January 10, 2009.

SEBI Takeover Guidelines

January 28, 2009 7978 Views 0 comment Print

No. LAD-NRO/GN/2008-2009/33/15022. In exercise of the powers conferred by Section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to amend the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, namely:-

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