"April, 2009" Archive

Notification No. 41/2009 – Income Tax Dated 30/4/2009

Notification No. 41/2009 - Income Tax (30/04/2009)

Notification No. 41/2009 - Income Tax It is hereby notified for general information that the organization Kaivalyadhama Shriman Madhava Yoga Mandir Samiti, Pune has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of t...

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Classification of tea admixture containing rice flour, tapioca, vitamins, etc – regarding.

Circular No. 885/05/2009-CX (30/04/2009)

In supersession of the Circular No. 291/7/97-CX dated 20.1.1997 and considering the present pendency of disposal of appeals by Commissioner (Appeals), the norms of disposal of appeals by Commissioner (Appeals) has been reworked out....

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CBEC issued circular on Monitoring & disposal of pending appeals

Circular No. 885/05/2009-CX (30/04/2009)

In supersession of the Circular No. 291/7/97-CX dated 20.1.1997 and considering the present pendency of disposal of appeals by Commissioner (Appeals), the norms of disposal of appeals by Commissioner (Appeals) has been reworked out....

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Anti-dumping duty on import of Cable ties

Notification No. 44/2009-Customs (30/04/2009)

rate of exchange applicable for the purposes of calculation of anti-dumping duty shall be the rate which is specified in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962) and the ...

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Recognition of certification/inspection reports/test reports issued by Indian bodies by Ecuador

Policy Circular No. 85 (RE-2008)/2004-2009 (30/04/2009)

Accordingly, the certifications/inspection reports/test reports from Indian bodies duly accredited by NABCB under the Quality Council of India and the NABL under the Department of Science and Technology, relating to compliance to standards applicable in Ecuador shall be accepted by the authorities in that country....

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Terms and conditions for issue of EPCG authorizations to EOU units after conversion to DTA unit-Regarding

Policy Circular No. 84 (RE-2008)/2004-09 (30/04/2009)

If a standalone EOU / EPZ unit wishes to debond from EOU to EPCG Scheme, there shall be no export obligation for maintenance of average and the unit shall be required to maintain only additional export obligation equivalent to six/eight times of the depreciated value....

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Relaxation of due date for uploading MVAT e_returns for period ending March 2009

Trade Circular No. 16 T of 2009 (30/04/2009)

In April 2009, dealers with six monthly tax liability are also being covered under the scope of e returns for the period ending 31st March 2009. Thus, in the month of April 2009, all the VAT dealers in Maharashtra would be uploading e returns. Perhaps, this could be first time in the history of Indian taxation, that such a large number of...

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Department filed appeal against KBC winner in High Court

Crorepati (KBC), Harshvardhan Nawathe is being re-visited by the tax Harshvardhan Nawathe had won the Rs 1 crore jackpot on KBC in 2000 man. A division bench of the Bombay High Court last week admitted an appeal filed by the Income Tax Department. I-T has challenged the order of the Income Tax Appellate Tribunal (ITAT) […]...

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Posted Under: Income Tax |

ICAI issued notices to E&Y, Deloitte

Two other big four accounting firms have received a letter from the accounting regulator, the Institute of Chartered Accountants of India (ICAI). According to sources, the ICAI has written to Deloitte and E&Y, asking for detailed information on their activities, international affiliations and operating structure in India. Just over a ...

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Posted Under: Income Tax |

Public Notice No. 178 (RE-2008)/2004-2009, Dated: 29.04.2009

Public Notice No. 178 (RE-2008)/2004-2009 (29/04/2009)

Importers importing goods for display or use in fairs/ exhibitions or similar events under provisions of ATA carnet. This IEC No. can also be used by importers importing for exhibitions/ fairs as per para 2.29 of Handbook of Procedures....

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