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Archive: 2009

Posts in 2009

Notification No. 23/2009-Central Excise; Dated: 23.08.2009

August 12, 2009 472 Views 0 comment Print

The principal notification was published in the Gazette of India, Extraordinary, vide number G.S.R. 94(E), dated the 1st March, 2006, and was last amended by notification No. 14/2009-Central Excise, dated the 7th July, 2009 published vide number G.S.R. 472(E), dated the 7th July,

Condition on import of textile and textile articles as per Para 11 (i) of Chapter 1A of ITC (HS) Classifications of Export and Import Items 2004-09

August 12, 2009 709 Views 0 comment Print

The matter has been examined in the Department and with approval of competent authority, it is informed that the request has been agreed to. Accordingly, import of textile and textile articles made under Custom Notification No.32/97-Cus dated 1.4.1997 shall be exempt from the testing for hazardous dyes as required under the aforementioned provisions.

Cash reward scheme for Income Tax officers is bad in law and unconstitutional

August 12, 2009 1615 Views 0 comment Print

The cash reward scheme for officers of the Investigating Wing of the Income Tax Department is bad in law and ultra vires the Constitution, the Kolkata Bench of the Central Administrative Tribunal has held.

CESTAT cannot dismiss an appeal when a writ application thereto is pending before a high court

August 12, 2009 630 Views 0 comment Print

A Calcutta High Court judgment today held that Customs, Excise, Service Tax Appellate Tribunal (CESTAT) cannot dismiss an appeal when a writ application thereto is pending before a high court. The order gave much awaited relief to many appellants whose applications and pleas were pending before the CESTAT

Foreign companies can also claim benefit of lower Rate of Tax on Capital Gain from securities transaction

August 12, 2009 604 Views 0 comment Print

Foreign companies cannot be discriminated vis-a-vis Indian firms so far as capital gains tax on securities transaction is concerned, according to an order by the Authority for Advance Rulings (AAR). Giving its ruling in a case related to UK-based Fujitsu Services, AAR said the company should also be given an option of paying tax at […]

Public Notice No. 194 (RE-2008)/2004-09, Dated: 11.08.2009

August 11, 2009 376 Views 0 comment Print

The words ‘and discounts, if any’; appearing anywhere in Para 3.23.11 and modifications in ANF3C, 3D, 3E inserted vide Sr. No 1, 2(a)i & iii & (b)i & iii of Public Notice No. 151(RE-2008)/2004-09 dated 26.02.2009; is deleted from these references paragraphs and ANF headings.

Advance Authorization-Export of SCOMET items-clarification regarding

August 11, 2009 607 Views 0 comment Print

The above would be in supercession of Para III (1) (c) of the minutes of the Port Officers’ Meeting dated 25.11.2008. Provision regarding EOP as contained in the minutes would, however, remain applicable.

SEBI (Aid for Legal Proceedings) Guidelines, 2009

August 11, 2009 489 Views 0 comment Print

Where more than one application for aid is received by the Board on the same day, the Investors’ Association that has filed the petition/suit before the appropriate Court first, shall be considered for grant of legal aid.

Government will not interfere in appointment of Statutory Auditor of Listed Public Companies U/s. 224

August 11, 2009 630 Views 0 comment Print

The Government has said that the appointment of statutory auditor is made by the shareholders of a company in its annual general meeting and that it has no proposal to have the statutory auditors appointed by a Regulatory Authority in respect of listed companies. Giving this information in the Lok Sabha today in a written […]

LLP still not recognized by all the acts and states in India

August 11, 2009 1707 Views 0 comment Print

THE Ministry of Corporate Affairs wants other ministries, state governments and sectoral regulators to recognise limited liability partnerships (LLP) after over 100 entities registered under the LLP Act enacted last year.The ministry will write to all departments and regulators concerned to align their respective norms as per the new business structure, an official in the […]

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