"23 December 2009" Archive

Regarding anti dumping duty on Cathode Ray Colour Television Picture Tubes originating in, or exported from Malaysia, Thailand, China PR and Korea RP

Notification No. 144/2009-Customs (23/12/2009)

Notification No. 144/2009-Customs- M/s Meridian Solar & Display Company Ltd. producer / exporter from Korea RP have requested for review in terms of rule 22 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 in respect of exports made by the...

Read More

Supreme Court stayed Karnatka high court decision requiring deduction of tax on cross border taxation

In A major relief to corporates who regularly make cross-border payments, the Supreme Court has stayed the order by the Karnataka High Court, issued a couple of months ago, that these companies have to deduct tax from all cross-border payments. The apex court gave the ad-interim order on December 18, 2009, on a special leave petition file...

Read More
Posted Under: Custom Duty |

Know Your Customer (KYC) Guidelines – Accounts of Proprietary Concern

RBI/2009-10/271, UBD.BPD.CO.NSBI/ 38 /12.03.000/2009- 10 (23/12/2009)

In partial modification of paragraph 3 (ii) thereof, it is advised that apart from the documents mentioned therein, any certificate / registration document issued by Sales Tax / Service Tax / Professional Tax authorities may also be considered for verification of the proof of name, address and activity of the Proprietary concern....

Read More

Clarification regarding peripheral activities for Area Based Exemption notifications

Circular No. 908/28/2009-CX (23/12/2009)

Circular No. 908/28/2009-CX, New Delhi dated the December 23, 2009. Subject: Clarification regarding peripheral activities for Area Based Exemption notification Nos. 49 & 50/2003-CE, both dated 10.06.2003 as amended by notification No. 01/2008-CE dated 18.01.2008....

Read More

Surgeons and service tax

Service tax has been imposed on cosmetic surgery and plastic surgery services by the Finance (No. 2) Act, 2009 with effect from 1st September, 2009 vide Notification No 26/2009-ST dated 19.8.2009.Earlier the intention of the Government seemed to be to treat the medical profession as service in public domain and hence medical profession wa...

Read More
Posted Under: Custom Duty |

Trade receivables engine for E-Discounting launched

Finance Secretary, Shri Ashok Chawla today launched an e-platform ‘NTREES’, an acronym for Trade Receivables Engine for E-discounting. Promoted by SIDBI & NSE, NTREES will facilitate discounting of MSME bills on their supplies to large purchaser companies....

Read More
Posted Under: Custom Duty |

Names of audit firms approved as statutory central auditors (SCAs) for 25 public sector banks for the year 2009-10

Allahabad Bank, Kolkata, 1. M/s Venkat & Rangaa, Chennai, 2. M/s Sudit K. Parekh & Co., Mumbai, 3. M/s P.A. & Associates, Bhubaneswar, 4. M/s M. R. Narain & Co., Chennai...

Read More
Posted Under: Custom Duty |

List of RBI forwarded to Banks for Central Statutory auditors for financial year 2009-10

Government of India vide their letter F.No.1/14/2004-BOA dated November 21, 2008 had advised all the public sector banks (PSBs) to follow the Road Map for implementation of autonomy in the matter of appointment of statutory auditors. As per the Road Map, RBI will forward to the PSBs a list of eligible audit firms containing the names of f...

Read More
Posted Under: Custom Duty | ,

China lays ground work to control dragon

China property market has now become a bubble. This is now turned into a fear which is expected to burst and shake the world economic recovery in the coming days. But now we can be relaxed to a certain degree that China have recognized this rising dragon and is making polices to control the dragon....

Read More
Posted Under: Custom Duty |

Prohibition on import of milk and milk products from China

Notification No. 22/2009-2014 (23/12/2009)

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, 2009-14, the Central Government hereby further extends the prohibition on import of milk and milk products including chocolates and chocolate prod...

Read More
Page 1 of 212