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Archive: 2009

Posts in 2009

Notification No. 59/2009-Customs Duty (N.T.), dated 08-06-2009

June 8, 2009 1177 Views 0 comment Print

for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s. Banaco Overseas, B-3/9, Second Floor, Model Town-1, Delhi and M/s Mirtunjaya Kitchen Mart, B-3/9, Second Floor, Model Town-1, Delhi issued vide, DRI F.No. 50D/114/2006-C.I., dated the 3rd March, 2009, by the Additional Director, Directorate of Revenue Intelligence, 7th Floor, ‘D’ Block, I.P.Bhavan, I.P.Estate, New Delhi 110002.

Notification No. 58/2009 – Customs Duty (N.T.), dated 08-06-2009

June 8, 2009 592 Views 0 comment Print

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 (Exports), 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 the Maritime Commissioner of Central Excise, Customs and Service Tax, Raigad Commissionerate, Kendriya Utpad Shulk Bhawan, Plot No.1, Sector-17, Khandeshwar, New Panvel, Navi Mumbai – 410206 for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s T.M. Synthetics Private Limited, Plot No.16, Riddhi Siddhi Industrial Co-op Society, Near Mahadev Complex, GHB Road, Pandesara, Surat issued vide, F.No. DRI/SRU/INV-6/2008, dated the 20th January, 2009, by the Additional Director, Directorate of Revenue Intelligence, Zonal Unit, Rupen Bungalow, Jain Merchant Society, Near Mahalaxmi Cross Road, Paldi, Ahmedabad – 380 007.

Notification No. 57/2009 – Customs Duty (N.T.), dated 08-06-2009

June 8, 2009 2557 Views 0 comment Print

Seaport (Import), Custom House, 60, Rajaji Salai, Chennai-1 for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s Suri Agro Fresh (P) Limited, C-129, New Sabji Mandi, Azadpur Fruit Market, Delhi-110033 and another issued vide, F.No. DRI/MZU/D/INV-1(2)/2008-09, dated the 6th April, 2009, by the Additional Director, Directorate of Revenue Intelligence, Mumbai Zonal Unit, Mumbai.

Maharashtra Govt Budget gives relief to small professional taxpayers; hikes VAT

June 8, 2009 5272 Views 0 comment Print

In its recent Budget Maharashtra State Govt. And its Finance Minister offered a mixed bag for the industry, trade and individuals subjected to professional tax. Keeping in mind not the economic slowdown but the forthcoming State Assembly polls in October, the Finance Minister, Mr Dilip Walse Patil has announced exemption of salary upto Rs 5000 […]

I-T Department is probing tax evasion of Rs 800 crore

June 8, 2009 432 Views 0 comment Print

The I-T Department is probing tax evasion to the tune of Rs 800 crore by some stock brokers who are believed to be diverting profits, earned on trading in NSE, BSE and commodity markets, to “non-deserving” clients through manipulation of client specific codes. Sources said profits earned or losses suffered by individual market players are […]

IT department set trap for those who undervalue their properties

June 8, 2009 1039 Views 0 comment Print

It’s not just high-value property transactions that come under the IT’s hawk eyes. The income tax department will scrutinize property deals of even Rs 5 lakh and above to tap tax dues. Thus, the trap is set for those who undervalue their properties to escape the IT net. Sub-registrars have been asked to submit details […]

UPA will focus on Small and Medium Enterprises (SME)

June 8, 2009 471 Views 0 comment Print

The UPA is back at a time faced with economic slowdown and hence, an immediate agenda of economic revival. The Small & Medium Enterprises (SME) is one of the high growth sector with over 40% contribution to the industrial production. Given the high potential of SMEs to develop entrepreneurial skills, generate employment as well as […]

Income tax department is set to start an online 'judicial reference system'

June 8, 2009 916 Views 0 comment Print

The income tax department is set to start an online ‘judicial reference system’ in order to streamline thousands of departmental cases being fought in various courts and I-T tribunals across the country. The facility, to be used by I-T department officials initially, will put in place all the cases, petitions and Special Leave Petitions (SLPs) […]

Designation of customs clearance facilities as ICDs or CFSs – Clarification – reg.

June 8, 2009 2197 Views 0 comment Print

It has been brought to the notice of the Board that in certain cases, the distinction between the functioning of Inland Container Depots (ICDs) and Container Freight Stations (CFSs) has not been properly appreciated by ICD/CFS operators, and this has been resulting in non-compliance of / or deficiency in adherence to the procedures prescribed for import/ export of goods, provisions of the Customs Act, 1962, and the rules and regulations made thereunder. Certain field formations have also sought clarification in a few such cases.

Step in incorporation of LLP

June 7, 2009 2783 Views 0 comment Print

Discover the benefits of incorporating an LLP: combine professional expertise and limited liability in a flexible and efficient business vehicle.

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