Notification No. 15 /2010 – Central Excise (N.T.)- Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India, Ministry of Finance, Department of Revenue No. 25/2005-Central Excise (N.T), published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.305(E), dated the 13th May, 2005, namely:- In the said notification, in the Table against serial number 45, in column (2),(i) against entry number (1) for the words and letters “Commissioner of Central Excise Mumbai IV”, the words and letter “Commissioner of Service Tax I, Mumbai” shall be substituted; and(ii) entry number (2) shall be omitted.
Notification No 14 /2010 Central Excise (N.T.) In exercise of the powers conferred by sub-section (1B) of section 35B of the Central Excise Act, 1944 (1 of 1944), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India, Ministry of Finance (Department of Revenue) No. 24/2005-Central Excise (N.T.) published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) ,vide, number G.S.R. 304(E), dated the 13th May, 2005, namely:- In the said notification, in the Table, against serial number 16, in column (3), the word and letters, Mumbai-IV shall be omitted.
Notwithstanding anything contained in these regulations, any person who had passed the examination conducted in regulation 9 of the Customs House Agents Licensing Regulation, 1984, and has not yet been granted license under these regulations, upon declaring successful in a written examination conducted on the following subjects, shall be deemed to have passed the examination referred to in regulation 8 for the purpose of these regulations.
It has been brought to the notice of the Board by certain field formations that they are facing difficulties in issuance of Custom House Agents (CHA) License for eligible persons and in implementation of the Custom House Agents Licensing Regulations (CHALR), 2004.
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
Dr.M.Veerappa Moily, Minister of Law and Justice will release a paper on Proposed Amendments in Arbitration and Conciliation Act, 1996 here tomorrow. The Arbitration and Conciliation Act, 1996 deals with law relating to domestic arbitration, international commercial arbitration and enforcement of foreign arbitral awards. The objects and basis of the said Act is to speedy disposal with least court intervention.
Notification No. 29 /2010- Customs (N.T.), New Delhi, the 8th April 2010.- In exercise of the powers conferred by sub-section (1B) of section 129A of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance, Department of Revenue, No. 49/2005-Customs (N.T.) published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.410(E),dated the17th June, 2005, namely:-
-In exercise of the powers conferred by sub-section (1B) of section 129A of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of Government of India, Ministry of Finance, Department of Revenue, No. 39/2005-Customs (N.T.) published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.307(E), dated the 13th May, 2005, namely:-
Even as the churn at professional advisory firms continues, PricewaterhouseCoopers India, the countries largest in this space, has again seen at least three partners leave the firm to pursue growth opportunities elsewhere. Consulting and accounting major PwC, which recently saw the exit of 17 partners, has, however, been on an aggressive recruitment spree as a recovering economy prompts companies to increase mandates to consulting firms for advice on future transactions, say people familiar with the development.
The finance ministry may exclude land value from the ambit of a new tax on under-construction houses, potentially taking the sting out of the proposed levy after it ran into a storm of protests from the real estate sector and exposed fissures within the government. The 2010-11 budget has proposed a 10% service tax on 33% of the total cost of under-construction houses, which could increase the price tag of such properties by 3.3%. The new tax will come into effect once the budget is approved by Parliament.
