Your attention is drawn to the new Procedure for appointment of Branch Statutory Auditors in Public Sector Banks for the year 2008-09 already hosted on the website. It is an open invitation to all those Chartered Accountants/ CA firms which have been conducting audits as bank branch auditors since 2004-05 onwards continuously. In case they […]
All public sector banks may need to take CBI’s clearance before allowing one-time settlement of bad loans by customers under a new direction likely to be issued by the Reserve Bank of India(RBI) soon. The circular, the proposal for which was mooted by CBI (Central Bureau of Investigation) will ask all the banks to seek […]
Companies which commit criminal offence can be prosecuted and sentenced to fine, though they cannot be sent to jail as they are only juristic persons. This principle was reiterated by the Supreme Court in the case, Ballarpur Industries Ltd Vs State of Tamil Nadu.
Export obligation period: As per para 4.22 export obligation shall be fulfilled within 24 month from date of authorisation. In view of ongoing recession the period to fulfill export obligation has been changed to 36 months. It is not clear from the policy whether extension of Export Obligation Period of 36 months is permissible for the existing licenses or is permissible for the licenses which will be issued in future. One will have to wait for clarification in this respect.
The above ban, however, shall not be applicable to relaxations / exemptions granted vide Notification No. 92 (RE-2007)/2004-2009 dated 1.4.2008, Notification No. 3 (RE-2008)/2004-2009 dated 11.4.2008, Notification No.33 (RE-2008)/2004-09 dated 19th August, 2008, and Notification No.60 (RE-2008)/2004-09 dated 18.11.2008, respectively.
Free In exercise of powers conferred under section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy, 2004-09, the Central Government hereby makes the following amendments in the ITC(HS) Classifications of Export and Import Items, 2004-09.
In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962) read with sub-section (1) of section 5 of the said Act, and in supersession of the notification of the Government of India in the Ministry of Finance, Department of Revenue, No.113/2004-Customs (N.T.), dated the 21st October, 2004, except as respect things done or omitted to be done before such supersession, the Central Board of Excise and Customs hereby appoints the officers specified in column (2) of the Table below as the officers of Customs having jurisdiction over the areas mentioned in column (4) and of the rank specified in the corresponding entry in column (3) of the said Table, namely.
for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s. Gujrat Pickers Industries Limited, 405, Atlanta, Gulbai Tekra, Ahmedabad issued vide, F.No. DRI/AZU/INV-09/2007, dated the 12th March, 2008, by the Additional Director, Directorate of Revenue Intelligence, Zonal Unit, Repen Bungalow, Jain Merchant Society, Near Mahalaxmi Cross Road, Paldi, Ahmedabad – 380 007.
The purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s. Hi-Growth Importer and Exporters, 202-B, Shri Hari Park, Behind Centre Point, Ring Road, Surat and others issued vide, F.No. DRI/SRU/INV-03/2008, dated the 16th November, 2008, by the Additional Director, Directorate of Revenue Intelligence, Zonal Unit, Repen Bungalow, Jain Merchant Society, Near Mahalaxmi Cross Road, Paldi Ahmedabad – 380 007.
For the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s. Shree Maruti Nandan Impex, K-12-13, Maruti Industrial Estate, Near Daksheshwar Mahadev Temple, Pandesara, Surat – 394221 issued vide, F.No. DRI/AZU/INV-07/2008, dated the 10th December, 2008, by the Additional Director General, Directorate of Revenue Intelligence, Zonal Unit, Rupen Bungalow, Jain Merchant Society, Near Mahalaxmi Cross Road, Paldi Ahmedabad – 380 007.
