"30 May 2009" Archive

India-MERCOSUR Customs Tariff (Determination of Origin of Goods under Preferential Trade Agreement) Rules, 2009

Notification No. 56/2009-Customs (N.T.) (30/05/2009)

If the competent authorities of the importing and the exporting Signatory Parties fail to agree on the demonstration of the modification of the manufacturing conditions, they may make use of the Dispute Settlement Procedure established as per Article 29 of this Agreement....

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Regarding exmeption to specified goods when imported to India from specified countries

Notification No. 57/2009-Customs (30/05/2009)

For the purposes of this notification, "applied rate of duty" means the standard rate of duty specified in the First Schedule to the said Customs Tariff Act, 1975 in respect of the goods specified in the said Table, read with any other notification for the time being in force, issued in respect of such goods under sub-section (1) of secti...

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Amends Notification No. 38/2009-Customs Dated: 22.04.2009

Notification No. 56/2009-Customs (30/05/2009)

This however excludes cold rolled stainless steel in coil of (i) a combination of thickness above 2 mm and width above 1500 mm for use in fabrication; (ii) AISI 420 High Carbon (0.82%-0.40%) grade; and (iii)Grade 430 BA Silver Ice exported by M/s Thyssenkrupp Stainless International, Germany....

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PWC was having business links with Satyam

In a twist to the Satyam fraud case, a global IT research firm has revealed details which may point to a collusion between Price Waterhouse Coopers and Satyam Computers. The report, by Gartner, indicates that PwC was in a strategic partnership with Satyam till last year, even as its Indian arm was auditing the firm headed […]...

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Posted Under: Custom Duty |

ICAI will soon frame accounting norms for farm sector

Corporatisation of agriculture and vast income potential of commercial crops have attracted the attention of accounting regulator ICAI, which for the first time is evolving accounting norms for the sector. “So far, there are no rules and standards for the agriculture sector. How do you value tea and coffee crops or other commercial ...

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Posted Under: Custom Duty |

ICAI – Announcement on Organising National/ State/ District level Masters' Trainers Workshop on LLP

The Limited Liability Partnership Act, 2008 is one of the path breaking initiative of the Ministry of Corporate Affairs. The Limited Liability Partnership Act, 2008 (LLP Act) received the assent of the President on the 7th January, 2009 and most of the sections of the Act have been notified on 31st March 2009. The Ministry […]...

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Posted Under: Custom Duty |

SC acquits man from charge of taking bribe of Rs 25 after 20 years

New Delhi: More than 20 years after he was arrested for allegedly accepting a bribe of Rs 25, the Supreme Court has acquitted a clerk of the charge. “As the evidence produced by the prosecution has neither quality nor credibility, it will be unsafe to rest conviction upon such evidence,” a vacation bench comprising justices [&...

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Posted Under: Custom Duty |

ITAT Mumbai Benches not functioning from 01.06.09 to 04.06.09

NOTICE The following benches will not function during the period 01.06.09 to 04.06.09 " H, I, J, K, L, WT & SMC "...

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Posted Under: Custom Duty |