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Archive: 08 June 2009

Posts in 08 June 2009

UPA will focus on Small and Medium Enterprises (SME)

June 8, 2009 324 Views 0 comment Print

The UPA is back at a time faced with economic slowdown and hence, an immediate agenda of economic revival. The Small & Medium Enterprises (SME) is one of the high growth sector with over 40% contribution to the industrial production. Given the high potential of SMEs to develop entrepreneurial skills, generate employment as well as […]

Income tax department is set to start an online 'judicial reference system'

June 8, 2009 670 Views 0 comment Print

The income tax department is set to start an online ‘judicial reference system’ in order to streamline thousands of departmental cases being fought in various courts and I-T tribunals across the country. The facility, to be used by I-T department officials initially, will put in place all the cases, petitions and Special Leave Petitions (SLPs) […]

Designation of customs clearance facilities as ICDs or CFSs – Clarification – reg.

June 8, 2009 1618 Views 0 comment Print

It has been brought to the notice of the Board that in certain cases, the distinction between the functioning of Inland Container Depots (ICDs) and Container Freight Stations (CFSs) has not been properly appreciated by ICD/CFS operators, and this has been resulting in non-compliance of / or deficiency in adherence to the procedures prescribed for import/ export of goods, provisions of the Customs Act, 1962, and the rules and regulations made thereunder. Certain field formations have also sought clarification in a few such cases.

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