"16 June 2009" Archive

Notification No. 113 (RE-2008)/2004-2009, Dated: 16.06.2009

Notification No. 113 (RE-2008)/2004-2009 16/06/2009

In exercise of powers conferred by Section 5, read along with Section 3 (2) of the Foreign Trade (Development and Regulation) Act, 1992, also read along with paragraph 2.1 of the Foreign Trade Policy 2004-2009, the Central Government hereby amends Notification No. 91(RE-2008)/2004-2009 dated 2nd March, 2009....

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Notification No. 112 (RE-2008)/2004-2009, Dated: 16.06.2009

Notification No. 112 (RE-2008)/2004-2009 16/06/2009

In exercise of powers conferred by Section 5, read along with Section 3(2) of the Foreign Trade (Development and Regulation) Act, 1992, also read along with paragraph 2.1 of the Foreign Trade Policy – 2004-09, the Central Government hereby amends Schedule-I of the ITC (HS) Classification of Export and Import Items, 2004-09....

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Notification No. 111 (RE-2008)/2004-2009, Dated: 16.06.2009

Notification No. 111 (RE-2008)/2004-2009 16/06/2009

In exercise of powers conferred by Section 5, read alongwith Section 3(2) of the Foreign Trade (Development and Regulation) Act, 1992, also read alongwith paragraph 2.1 of Foreign Trade Policy, 2004-09, the Central Government hereby extends the prohibition on import of milk and milk products including chocolates and chocolate products a...

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Government likely to come up with export sops for the textiles industry

The government is likely to come up with export sops for the domestic textiles industry in the upcoming Budget, including a rise in duty drawback rates. The over $55-billion industry, one of the  three largest foreign exchange earners along side IT and gems and jewellery, is not keeping pace with the government’s projections for t...

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Posted Under: DGFT |

Govt. Considering increase in Excise duty on some products

The Union finance ministry is considering an increase in the central excise duty for some of the products that had benefited from the two rounds of reductions announced by the government as part of its fiscal stimulus measures last year. In December 2008, the government had reduced the general rate of central excise duty for […]...

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Posted Under: DGFT |

Companies once delisted have to wait for 10 years to relist

Companies cannot relist themselves on the bourses for up to ten years after their delisting, instead of two years as was the case earlier. The re-listing of a company can be done only after ten years, if its delisting is compulsory or initiated by the bourses, while in cases of voluntary delisting, the companies can list […]...

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Posted Under: DGFT |

Finance Budget for 2009-10 will be presented on July 6, 2009

The Budget Session of Parliament will commence from July 2 and the General Budget for 2009-10 will be presented to the Lok Sabha on July 6. The schedule for the Budget Session of Parliament was decided at a meeting of the Union Cabinet chaired by Prime Minister Manmohan Singh in New Delhi on Monday. The Railway […]...

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Posted Under: DGFT |

Budget will not address taxation issue related to LLPs

Corporate Affairs Minister Salman Khursheed has said, contrary to expectation, the Budget will not address the taxation issue related to limited liability partnerships. The issue will be clarified only next year, he added. “It is too short a time for us to sort out the issue, but it is flagged,” Khursheed told. The Ministry of...

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Posted Under: DGFT |

Status of a holder of global Depository Receipts (GDRs)- clarification

General Circular No. 1/2009 16/06/2009

Since the underlying shares are allotted in the name of Overseas Depository Bank, the name of such Overseas Depository Bank is to be entered in the Register of Members of the issuing company....

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Public Notice No. 187 (RE-2008)/2004-09, Dated: 16.06.2009

Public Notice No. 187 (RE-2008)/2004-09 16/06/2009

IEC certificates shall be sent to the applicants on the address indicated in the application by registered post only. In exceptional cases, as decided by the Head of Office of the concerned RA, such certificates may be handed over to the applicants. In case any certificate is returned undelivered by postal authorities, RA may take immedia...

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