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As per section 195, tax is required to be deducted at source from payment to non-residents, if the same is chargeable to income-tax under the Income-Tax Act, 1961 (the Act). In this connection, it may be stated that as per the Instruction issued by the Reserve Bank of India (RBI), except in the case of certain personal remittances which have been specifically exempted, no remittance could be made to a non-resident, unless a No Objection Certificate (NOC) has been obtained from the Income-Tax Department.
In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs (Import), Jawaharlal Nehru Custom House, Nhava Sheva, Raigad, Maharashtra to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on.
for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s. Sambhav Textiles Limited, Village Khawajke, Rahon Road, Ludhiana and others, issued vide, DRI F.No. 856(12)/LDH/2006/Pt-I dated 28th July, 2008, by the Additional Director General, Directorate of Revenue Intelligence, Delhi Zonal Unit, New Delhi.
S.O. (E). – In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs, Custom House, Near Balaji Temple, Kandla – 370210 to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on the Commissioner of Customs (Import), Air Cargo Complex, Sahar, Andheri (E), Mumbai – 400009 for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s Gujrat Narmada Valley Fertilizer Company Limited, P.O. Narmada Nagar, Bharuch issued vide, F.No. DRI/AZU/INV-31/2008, dated the 19th January, 2009, by the Additional Director General, Directorate of Revenue Intelligence, Zonal Unit, Ahmedabad.
for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s. Kailash Overseas, 3, Shatabadi House, Shopping Complex, Rohit Kunj, Pitampura, Delhi – 34 and another, issued vide, F.No. DRI/23/54/2006/DZU, dated 27th August, 2008, by the Additional Director, Directorate of Revenue Intelligence, Delhi Zonal Unit, Delhi.
M/s Rico Steel, 135/141, T.P.Street, 6th Kumbharwada, Mumbai issued vide, F.No. DRI/AZU/INV-12/2008, dated the 27th May, 2009, by the Additional Director General, Directorate of Revenue Intelligence, Ahmedabad Zonal Unit, Ahmedabad.
market adjustments based on the underlying closing prices of the costliest security from the deliverable basket shall be charged on both buying client and selling client.
The Central Board of Direct Taxes ( CBDT) has directed re-opening of all cases under the search and seizure label, income-escaping assessments and deductions claimed from profits and gains on all eligible businesses.
The following Bences will not function during the period 31.08.09 to 03.09.09 ” A-1, E-1, K, L & SMC” The cases are adjourned to respective dates.please see separate Notice.
Announcing the foreign trade policy 2009-14 here on Thursday, Mr Anand Sharma, Union Commerce Minister said, the Government wanted to provide a stable policy environment conducive for foreign trade and accordingly, it has been decided to continue with the DEPB (Duty Entitlement Pass Book Scheme) up to December 2010 and income-tax benefits under Sec 10 (A) for IT industry and under Sec 10 (B) for 100 per cent export oriented units for one additional year till March 31, 2011.
