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Archive: May, 2009

Posts in May, 2009

Check your credit rating before applying for loan

May 15, 2009 2470 Views 3 comments Print

In this era of increasing fees, the education of children has become a major component of financial planning. It is important that parents start planning early to ensure that there are no hiccups at the final stages of there child’s education. And that implies planning well in advance. Some points that will help in this […]

Nexus with Exported Products under Target Plus Scheme, Clarification thereof

May 15, 2009 565 Views 0 comment Print

The matter has been examined in detail. It is clarified that “Agricultural Products covered under Chapter 1 to 24 except 6(a) to 6(f) listed in Policy Circular 10 (Re2008) dated 5.6.2008.”as listed at Sr. No. 6 of Policy Circular 10(RE2008) dated 5.6.2008 and endorsed on the Duty Credit Scrips issued under Target Plus Scheme, are permitted only when nexus with exported products is clearly established.

Notification No. 14/2009 – Service Tax, dated 15-05-2009

May 15, 2009 528 Views 0 comment Print

Notification No. 14/2009-Service Tax In exercise of the powers conferred by sub-section(1A) of section 86 of the Finance Act,1994(32 of 1994), the Central Board of Excise and Customs hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance, Department of Revenue, No.19/2007-Service Tax, published in the Gazette of India, Extraordinary, Part-II,

Policy Circular No. 89 (RE-2008)/2004-09, Dated: 15.05.2009

May 15, 2009 472 Views 0 comment Print

It is clarified that the condition of ‘nexus with product group exported’ is mandatory in terms of Para 3.2.7.1(vi) read with Para 3.2.6A – II of Handbook of Procedures Vol. 1 (RE2003). All RAs to ensure that this condition is endorsed on Duty Credit Scrips being issued or if and when submitted for revalidation; and Customs to ensure that the condition of ‘nexus with product group exported’ is fulfilled while permitting imports.

Notification No. 13/2009 – Service Tax, dated 15-05-2009

May 15, 2009 612 Views 0 comment Print

Notification No. 13/2009-Service Tax In exercise of the powers conferred by sub-section(1A) of section 86 of the Finance Act,1994(32 of 1994), the Central Board of Excise and Customs hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance, Department of Revenue, No.18/2007-Service Tax, published in the Gazette of India, Extraordinary, Part-II,

Regarding import of Cathode Ray Colour Television Picture Tubes originating in, or exported from Malaysia, Thailand, China PR and Korea RP

May 15, 2009 493 Views 0 comment Print

the anti-dumping duty imposed under this notification shall be levied with effect from the date of imposition of the provisional anti-dumping duty, that is, 24th July, 2008, and shall be payable in Indian currency.

Notification No. 49/2009 – Customs, Dated: 15.05.2009

May 15, 2009 706 Views 0 comment Print

even though the performance of the domestic industry had improved with the imposition of anti-dumping duties, the situation of the domestic industry continued to be fragile and vulnerable and in the event of revocation of the anti dumping duty, the domestic industry in all likelihood would once again be subjected to the recurrence of dumping and injury; and had recommended continued imposition of definitive anti-dumping duty on the subject goods, originating in, or exported from, the subject country in order to remove injury to the domestic industry.

Notification No. 106 (RE-2009)/2004-09, Dated: 14.05.2009

May 14, 2009 361 Views 0 comment Print

In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 1.3 and 2.1 of the Foreign Trade Policy, 2004-09, the Central Government hereby makes the following amendments in the Notification No. 27(RE-2008)/2004-09 dated 1st August,2008.

150 investors rally against Income – Tax dept

May 14, 2009 693 Views 0 comment Print

Harried investors of Pramod Agrawal’s Mahadeo Developers Private Limited and Kalamna Market Urban Credit Cooperative Society gathered in front of the income tax office at Saraf Chambers, Sadar, on Tuesday. They were protesting against the income tax department for taking action against both the entities. The investors alleged that it was the income tax raid […]

ITAT Mumbai benches not functioning from 18.05.2009 to 22.05.2009

May 14, 2009 586 Views 0 comment Print

NOTICE The following benches will not function during the period 18.05.09 to 22.05.09:- “B-1, G, J, K, L, WT & SMC “

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