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Archive: 24 March 2009

Posts in 24 March 2009

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6468 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Amends Notification No. 21/2002-Customs, Dated: 01.03.2002

March 24, 2009 295 Views 0 comment Print

The principal notification No. 21/2002-Customs, dated the 1st March, 2002, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 118(E), dated the 1st March, 2002 and was last amended by notification no. 20/2009-Customs, dated the 24th February, 2009 which was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.121(E), dated the 24th February, 2009.

Amends notification No. 21/2009-Customs Duty (N.T.), Dated: 25.02.2009

March 24, 2009 172 Views 0 comment Print

In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Board hereby makes the following amendments in the Notification of the Government of India, Ministry of Finance (Department of Revenue) No. 21/2009-CUSTOMS (N. T.), dated the 25th February, 2009 [S.O. 549(E), namely

SEBI : Revised Position Limits for Exchange Traded Currency Derivatives

March 24, 2009 250 Views 0 comment Print

It is clarified that the position limits shall be specific to an Exchange and not to the Exchange Traded Currency Derivatives market as a whole

Importability of Alternative inputs allowed as per SION under DFIA Scheme

March 24, 2009 661 Views 0 comment Print

The matter was examined in detail and it has been decided to clarify to all concerned that since the objective of SION is to allow duty free import of the inputs which are actually used or are capable of being used in the export product, the exporter has the flexibility to import the alternative input / product mentioned in the SION.

I-T dept moves court over ITAT's demand for verifying the reasons for conducting a raid

March 24, 2009 463 Views 0 comment Print

The Income-Tax department is at loggerheads with the income Tax Appellate Tribunal (ITAT), the ultimate fact-finding body on tax disputes, over the latter’s demand for verifying the reasons for conducting a raid on FMCG major Marico Industries. ITAT had directed the department to produce the “satisfaction note”, which is an internal document prepared by income […]

I-T dept considering tax imposition on carbon credits

March 24, 2009 618 Views 0 comment Print

The Income-Tax department is mulling tax on carbon credit trade, estimated to yield for the exchequer an estimated Rs 1,000 crore. The I-T department’s preliminary study has found that large companies listed on stock exchanges are not making tax provisions against the profits out of the sale of carbon credits and are putting the money […]

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