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Archive: 2009

Posts in 2009

Policy for issue of import licences of Rough Marble Blocks/Slabs, w.e.f. 01.102009

October 15, 2009 901 Views 0 comment Print

The eligible applicants may file an application (after the applications are so invited for the said licensing year) in the form given in ‘Aayaat Niryaat Form’ together with all relevant documents, to the concerned Regional Authority of DGFT. The eligibility of the applicants with respect to para 2(I) above shall be decided based on verification/certificate from the concerned State Government. RA concerned would forward the applications of eligible applicants to DGFT, HQ for further consideration.

Guidelines for compounding of offences under Customs Act, 1962 – regarding

October 15, 2009 4945 Views 0 comment Print

I am directed to invite your attention to the Board’s Circular No. 54/2005-Cus dated 30.12.2005 prescribing the Guidelines for compounding of offences for implementing the provisions of the Customs Act, 1962 and the Customs (Compounding of offences) Rules, 2005.

Department of post launched new service to enable customers to trace their mails through SMS

October 15, 2009 432 Views 0 comment Print

“This new service will enable public to locate their mails, especially speed post, by sending an SMS and they will receive the location of their mail,” T Murthy, post master general, Tamil Nadu circle, business development and marketing, told reporters in Chennai.

MVAT circular on extension of date for filing refund application electronically

October 15, 2009 2657 Views 0 comment Print

In exercise of the powers conferred by sub-rule (2) of rule 17A of the Maharashtra Value Added Tax Rules, 2005, the requisite notification cited at reference was issued. As a result of this notification every registered dealer who is entitled to claim refund as provided under section 51 of Maharashtra Value Added Tax Act, 2002 was required to file refund application in Form-501 electronically. The electronic filing of said application was made mandatory with effect from 1st October 2009.

CA seek investigation into his alleged extortion

October 14, 2009 738 Views 0 comment Print

Mumbai: Jayesh Sanghoi, the chartered accountant of Jaya Chedda—ex-wife of slain matka king Suresh Bhagat—has approached the Mulund metropolitan magistrate, seeking an investigation into his alleged extortion by Suresh’s brother Vinod.

Export against supply by Nominated Agencies- procedure and guidelines reg

October 14, 2009 3040 Views 0 comment Print

In order to address the difficulties in supply of gold, silver and platinum to small jewellery exporters, DGFT has included 5 more new agencies/entities as “nominated agencies” for import of gold/silver/platinum (hereinafter referred as the “precious metal”). Now the nominated agencies are as under:

Indo-American doctor convicted for $16 Million tax evasion

October 14, 2009 903 Views 0 comment Print

Indian American doctor convicted for $16 mn tax evasion Oct 9 (IANS) A federal jury has convicted an Indian American cardiologist for evading more than $16 million dollars in income taxes and filing false tax returns.

Under GST regime import will attract Goods and service tax

October 14, 2009 673 Views 0 comment Print

The Empowered Committee of State Finance Ministers has endorsed in principle the levy of GST on imports and mandated a Joint Working Group to prepare a report in four weeks on the structural changes necessary to be adopted for this purpose.

Import policy of “Mobile Handsets”

October 14, 2009 919 Views 0 comment Print

In exercise of powers conferred by Section 5, read with Section 3(2) of the Foreign Trade (Development and Regulation) Act, 1992, also read with paragraph 2.1 of the Foreign Trade Policy – 2009-2014, the Central Government hereby amends Schedule-I of the ITC (HS) Classification of Export and Import Items.

Import Policy of wild animals (including their parts and products)

October 14, 2009 1081 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.

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