"12 May 2009" Archive

India-Singapore Trade Agreement (Safeguard Measures) Rules, 2009

Notification No. 50/2009-Customs (N.T.) (12/05/2009)

Provided that where the period of application of safeguard measure exceeds one year the Director-General shall review the situation not later than the mid­-term of such imposition, and, if appropriate, recommend for withdrawal of such safeguard measure or for suitable modification of the same....

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Direct Tax Rates May Come Down in Next Budget

Direct tax rates may be tinkered by new government that may present its first budget later next month, according to a study. This may be in line with changed taxation policies followed by most governments worldwide to beat slowdown and recession that set in following global financial turmoil....

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Posted Under: Custom Duty |

Indian Government Provided forged documents : Swiss government

In a major embarrassment for the Indian government, the Swiss Justice Department on Monday said it had received forged documents from New Delhi two years ago in connection with an alleged Rs.40,000 crore ($8 billion) money laundering case involving racehorse breeder Hassan Ali.  “The documents submitted are forged,” Folco ...

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Posted Under: Custom Duty |

Levy of Interest under Section 47(2) of the Customs Act, 1962 for delayed payment of duty in respect of clearance of goods from a bonded warehouse – Reg

Circular No. 15/2009-Custom Duty (12/05/2009)

A harmonious reading of the above provisions indicates that the provisions of Section 47 (1) are applicable to the goods entered for home consumption by filing a bill of entry accordingly, and the interest liability for delayed payment of duty after the return of Bill of Entry is attracted on import duty as assessed under Section 47 (1) ...

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SEBI : Allocation methodology of debt investment limits to FIIs

Cir No. IMD/FII & C/ 39/2009 (12/05/2009)

A copy of this circular is available at the web page “F.I.I.” on our website www.sebi.gov.in. The custodians are requested to bring the contents of this circular to the notice of their FII clients....

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Regarding anti-dumping duty on import of all kinds of plastic processing or injection moulding machines

Notification No. 47/2009 -Customs (12/05/2009)

the domestic industry had suffered material injury and the injury had been caused to the domestic industry, both by volume and price effect of dumped imports of the subject goods, originating in or exported from, the subject country, and had recommended imposition of provisional anti-dumping duty on all imports of the subject goods, ori...

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SEBI Circular on Allocation methodology of debt investment limits to FIIs

Circulars No. IMD/FII & C/ /2009 (12/05/2009)

General Manager, Division of Foreign Institutional Investors & Custodians, INVESTMENT MANAGEMENT DEPARTMENT Cir No. IMD/FII & C/ /2009 Dated :May 12, 2009 To All Foreign Institutional Investors through their designated Custodians of Securities Dear Madam/Sir Sub: Allocation methodology of debt investment limits to FIIs 1. Pleas...

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ICAI committee to submit its report by June in respect of Satyam fraud

The high-level committee set up to look at the multi-crore rupee fraud at Satyam Computer by the Institute of Chartered Accountants of India is close to coming out with its recommendatations by June. “The high-level committee set up to look into matters arising out of Satyam fraud is carrying out deliberations and is likely to [&hel...

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Posted Under: Custom Duty |

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