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Archive: 08 September 2009

Posts in 08 September 2009

Public Notice No. 8/2009-14, Dated: 08.09.2009

September 8, 2009 436 Views 0 comment Print

In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby makes the following amendments in HBPv1 (including Appendices and ANFs).

Import Policy of Electrical Energy

September 8, 2009 346 Views 0 comment Print

In exercise of powers conferred under section 5, read along with Section 3 (2) of the Foreign Trade (Development and Regulation) Act, 1992, also read with paragraph 2.1 of the Foreign Trade Policy, 2009-14, the Central Government hereby makes the following amendments in the ITC(HS) Classifications of Export and Import Items.

Export of shavings of Shed Antlers-relaxation regarding

September 8, 2009 397 Views 0 comment Print

The specifications and conditions with respect to the above extension are as under The prospective exporters will submit their applications in the prescribed form within 30 days from the date of issue of Notification by the DGFT, containing therein the quantity applied for and the unit price of export to the concerned Chief Wildlife Warden for obtaining Legal Procurement Certificate.

Notification No. G.S.R. 649 (E), dated 08/09/2009

September 8, 2009 520 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 642 read with section 610B of the Companies Act, 1956, the Central Government hereby makes the following rules further to amend the Companies (Central Government’s) General Rules and Forms, 1956, namely

IT department facing criticism for showing national flag in its advertisement

September 8, 2009 345 Views 0 comment Print

A Mumbai-based social worker has threatened to press charges against the I-T department for placing ads in various newspapers, which allegedly disrespect the national flag. According to Sundeep Sharma , the advertisement, which urges people to pay advance tax, shows a child saluting the national flag with his left hand .

Government considering a proposal to raise the tax exemption limit for transport allowance to Rs 3,200 a month from Rs 800

September 8, 2009 543 Views 0 comment Print

The government is considering a proposal to raise the tax exemption limit for transport allowance to Rs 3,200 a month from Rs 800 follows a similar hike for government servants under the Sixth Pay Commission award. It is likely to find adoption in the private sector too, triggering greater spending across the economy and boosting […]

IT dept not happy with stripping of CBDT power to issue certain orders, instructions, directions and circulars in DTC

September 8, 2009 1102 Views 0 comment Print

THE new direct tax code, launched with much fanfare by finance minister Pranab Mukherjee and his predecessor P Chidambaram recently, is up against a bureaucratic wall with the Indian Revenue Service (IRS) brigade complaining that it will reduce this elite service into a mere tax collection machinery.

Meaning of Shariah index and reasons for the creation of such indices

September 8, 2009 2849 Views 0 comment Print

Discover the meaning of Shariah index and the reasons behind its creation. Explore how companies are screened for compliance with Islamic law.

Acquisition of unlisted foreign companies by Indian corporates will be scrutnised by Income Tax Department

September 8, 2009 1210 Views 0 comment Print

Acquisition of unlisted foreign companies by Indian corporates has come under the scanner of income-tax (I-T) authorities who plan to scrutinise the deals to ensure they are not being structured to evade tax. Deals involving equity swaps are particularly in focus, as these could be used to transfer part-ownership of Indian companies to overseas jurisdictions.

ICWAI recommended compulsory cost audit of all companies

September 8, 2009 1823 Views 0 comment Print

It may now become compulsory for all big and medium manufacturing companies to get their cost accounts audited, if an expert group’s recommendation on the same is accepted by the government.

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