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Archive: February, 2009

Posts in February, 2009

Public Notice No. 147 (RE-2008)/2004-09, Dated: 17.02.2009

February 17, 2009 289 Views 0 comment Print

For statutory requirement of Stability & Retention sample with manufacturer, an EOU/EHTP/BTP/STP unit may re-import without payment of duty, those samples, which were exported by it, under intimation to Custom Authorities, and FOB value of such samples shall not be counted for NFE purpose and other export benefits, if any.

Public Notice No. 146 (RE-2008)/2004-2009, Dated: 17.02.2009

February 17, 2009 265 Views 0 comment Print

In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-09, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedures, Vol. I RE2008.

Public Notice No. 145 (RE 2008)/2004-2009, Dated: 17.02.2009

February 17, 2009 319 Views 0 comment Print

For the advance authorization (erstwhile licences), where raw sugar has been imported between 21.09.04 and 15.4.08, but the export obligation is yet to fulfilled, the export obligation period stands automatically extended upto 31.12.2009 without payment of composition fee. Against these advance Authorisations / licences, no further E.O. extension shall be allowed beyond 31.12.2009 .

Notification No. 87 (RE-2008)/2004-2009, Dated:17.02.2009

February 17, 2009 379 Views 0 comment Print

In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with Para 1.3 of the Foreign Trade Policy, 2004-2009 (as amended from time to time), the Central Government hereby makes the following amendment in Foreign Trade Policy.

Notification No. 86 (RE-2008)/2004-2009, Dated: 17.02.2009

February 17, 2009 370 Views 0 comment Print

Advance authorization for import of raw sugar, can be issued either to a manufacturer exporter or merchant exporter tied to supporting manufacturer(s). Exports can also be made by procurement of white sugar from any other factory(ies).This provision shall be applicable for exports from 17.2.2009.

Notification of Common Proficiency Test (CPT)

February 17, 2009 961 Views 0 comment Print

No.13-CA (EXAM)/CPT/JUNE/2009: – In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to notify that the Common Proficiency Test will be held on Sunday, the 28th June, 2009 in two sessions as below, at the following centres provided that sufficient number of candidates offer themselves to appear from each centre.

Circular No. 08/2009-Custom Duty, Dated: 16.02.2009

February 16, 2009 577 Views 0 comment Print

Circular No.8 /2009-Cus. F.NO.605/55/2008-DBK Government of India Ministry of Finance Department of Revenue New Delhi, the  16th  February,2009. Sub: Applicability of notification No 41/2005-Cus to the goods imported against the  credit Scrips issued under para 3.8.6 of Foreign Trade Policy (FTP) (2008-09) under Vishesh  Krishi Gram Udyog Yojana  (VKGUY) scheme – Reg Reference is invited […]

No tax cuts, fiscal sops in Interim Budget for F.Y. 09-10

February 16, 2009 444 Views 0 comment Print

Pranab Mukherjee, the stand-in Prime Minister and Finance Minister of India, delivered the Interim Budget speech in the Lok Sabha on Monday 16.02.2009. Though, He  did not announce any major sops for ailing industries or changes in tax structure and stuck to highlighting the achievements of the United Progressive Alliance (UPA) government.

HC allows I-T dept to reassess Mayawati's income

February 16, 2009 567 Views 0 comment Print

Uttar Pradesh chief minister Mayawati’s income for the financial year 2001-02 will be reassessed by the income tax department as the Delhi HC has allowed it a relook, while hearing a plea that she had allegedly not declared full details. A bench of Justices Vikramajit Sen and Rajiv Shakdher dismissed the BSP chief ‘s plea […]

AAR on obligation of an Indian company to deduct tax at source for payments made to a Korean company under ‘Secondment Agreement’

February 16, 2009 807 Views 0 comment Print

8.5 The crucial question to be asked and answered is whether the applicant has paid any fee to HMFICL for the service of deputing its own employee having technical knowledge to work with the applicant for a specified period? Whether the part reimbursement of salary of secondee by the applicant shall be construed as consideration for rendering the service of the kind covered by FTS clause

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