"15 June 2010" Archive

Customs Notification No 47/2010 (NT), Amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001

Notification No. 47/2010-Customs (N.T.) (15/06/2010)

Notification No. 47/2010 In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Board, being satisfied that it is necessary and expedient so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of R...

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Mandatory Indian quality standards

Notification No. 48/2009-2014 (15/06/2010)

S.O. (E) In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy – 2009-2014, the Central Government hereby amends Schedule – 1 (Imports) of the ITC(HS) Classifications of Export and Import Items, as under:...

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Public Notice No. 75/2009-2014, Dated: 15.06.2010

Public Notice No. 75/2009-14 (15/08/2010)

This refers to HS Code No. 1701 00 00 in the Schedule-2 of ITC(HS) Classification of Export and Import Items, 2009-2014 under which M/s Indian Sugar Exim Corporation Limited, New Delhi is the designated agency for export of Sugar to EU under Preferential Quota....

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Government plans to relax contiguity norms for special economic zones

The government plans to relax the contiguity norms for special economic zones, a move that will benefit developers of zones such as Navi Mumbai SEZ in Maharashtra and Iffco Kisan SEZ in Andhra Pradesh. The existing guidelines, which stipulate continuity within SEZs, would have forced developers to invest in building bridges and flyovers o...

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Posted Under: Custom Duty |

Mutual Funds to submit compliance report related to Dividend with SEBI

Market regulator SEBI has asked the mutual fund (MF) houses to submit reports, pertaining to compliance with a recent rule that dividends be paid only from realised gains and not premium income, by June 17....

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Posted Under: Custom Duty |

Sebi in favour of Mandatory Demat Account for persons investing in mutual funds

If the market regulator Securities and Exchange Board of India (Sebi) has its way, persons investing in mutual funds must have their own demat accounts. Sebi has sought suggestions on this issue from the Association of Mutual Funds in India (Amfi) which are to be provided by June 15....

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Posted Under: Custom Duty |

Over 4 Lakh Investor Exits Mutual Funds in 3 Months, SEBI Mulls Remedial Action

Hit hard by the mass exodus of investors, amounting to an average of over 1 lakh a month, the mutual fund houses are knocking on the doors of Sebi, which in turn, is mulling over possible remedial actions including an expanded distribution model for these investment products. ...

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Posted Under: Custom Duty |

Mahindra Satyam Seek Further time till 30th September for financial restatement

If you are a Mahindra Satyam investor and eagerly awaiting their results by the end of this month then you may have to wait a bit longer. Mahindra Satyam has applied to the Company Law Board seeking an extension for financial restatement till September 30....

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Posted Under: Custom Duty | ,

Alternative Resolution of Disputes Vs Law Ministry’s Proposals for Amendment in The Arbitration and Conciliation Act, 1996

Arbitration process is a mechanism to avoid delay in securing justice and preserving right between the disputants / litigants. The objects of arbitration as held by the Supreme Court are to settle all disputes between the parties in order to avoid litigation and further litigation. Arbitration is the reference of a dispute or difference b...

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Posted Under: Custom Duty |

Notification No. 45/2010-Income Tax Dated 15/6/2010

Notification No. 45/2010-Income Tax (15/06/2010)

Notification No. 45/2010-Income Tax It is hereby notified for general information that the organization Hirabai Cowasji Jehangir Medical Research Institute, Pune has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of t...

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