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Archive: July, 2010

Posts in July, 2010

Notification No. 58/2010–Customs (N.T.) Dated07/07/2010

July 7, 2010 382 Views 0 comment Print

S.O. (E). – In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs and Central Excise, Delhi-IV, Faridabad to exercise the powers and discharge the duties

Notification No. 57/2010–Customs (N.T.) Dated 07/07/2010

July 7, 2010 427 Views 0 comment Print

S.O. (E). – In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereb

Notification No. 56/2010–Customs (N.T.) Dated: 07/07/2010,

July 7, 2010 427 Views 0 comment Print

S.O. (E). – In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs (Exports), IGI Airport, New Delhi to exercise the powers and discharge the duties

Notification No. 54/2010–Customs (N.T.), Dated: 07-07-2010,

July 7, 2010 313 Views 0 comment Print

S.O. (E). – In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of the Customs Act, 1962 of the Customs Act, 1962 (52 of 1962), the Ce

Notification No. 53/2010–Customs (N.T.) Dated: 07/07/2010

July 7, 2010 451 Views 0 comment Print

S.O. (E). – In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs (Port-Import), Kolkata to exercise the powers and discharge the duties conferred or imposed on

Notification No. 55/2010–Customs (N.T.), Dated:07/07/2010

July 7, 2010 466 Views 0 comment Print

S.O. (E). – 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 (Adjudication), New Delhi to exercise the powers and dis

SEBI : Revised Exposure Margin for Exchange Traded Equity Derivatives

July 7, 2010 394 Views 0 comment Print

Based on the feedback received from market participants, it has now been decided that the said exposure margin shall be higher of 5% or 1.5 times the standard deviation (of daily logarithmic returns of the stock price).

Notification No. 50/2009-2014, Dated: 06.07.2010

July 6, 2010 403 Views 0 comment Print

Guar gum exports to European Union, originating in or consigned from India and intended for animal or human consumption, allowed subject to issue of Health Certificate by authorized representative of Ministry of Commerce & Industry, Government of India i.e. Shellac & Forest Products Export Promotion Council (SHEFEXIL), Kolkata accompanied by the original analytical report of testing of Penta Chlorophenol (PCP) issued by Vimta Labs, Hyderabad, certifying that the product does not contain more than 0.01 mg/Kg. of Penta Chlorophenol (PCP) on sampling done by the authorized representative of the competent authority.

Right to subscribe the additional shares arises on the date when the company decides to come out with the right offer

July 5, 2010 495 Views 0 comment Print

The right to subscribe for additional offer of shares/ debentures on rights basis comes into existence when the company decides to come out with the rights offer. Prior to that, such right, though embedded in the original shareholding, remains inchoate. The same crystallizes only when the rights offer is announced bythe company.

An appeal can be filed against the order of the Assessing Officer giving effect to the Mutual Agreement Procedure (MAP) resolution

July 5, 2010 2183 Views 0 comment Print

The ITAT answered the question in favour of the tax payer by holding that an appeal can be filed against the order of the AO giving effect to the MAP resolution. Further, ITAT held that the percentage of 10% be applied to net income after reducing the commission paid to the Indian agent.

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