"October, 2010" Archive - Page 4

Banks permitted to Participate in Currency Options on Recognized Stock/New Exchanges

RBI/2010-11/248 DBOD.No.BP.BC.51 / 21.06.101 / 2010-11 (28/10/2010)

Please refer to RBI/2010-11/147 A.P. (DIR Series) Circular No. 05 dated July 30, 2010 containing guidelines on Trading of Currency Options on Recognised Stock / New Exchanges issued by Foreign Exchange Department (copy enclosed). In this connection, we advise as under....

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Prudential Norms on Investment in Zero Coupon Bonds

RBI/2010-11/247 DBOD.FID.FIC.No 7/01.02.00 /2010-11 (28/10/2010)

Please find enclosed circular DBOD No. BP .BC .44 / 21.04.141 / 2010-11 dated September 29, 2010 on the above subject. In this connection, it is advised that the above guidelines issued to banks, shall mutatis mutandis apply to the select All-India Financial Institutions....

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Penalty will not ordinarily be imposed unless the party obliged either acted deliberately in defiance of law or was guilty of conduct contumacious or dishonest, or acted in conscious disregard of its obligation

DCIT Vs M/s Interdril Asia Ltd. (ITAT Delhi)

The law laid down in the Dilip Sheroff case as to the meaning of word ‘concealment’ and ‘inaccurate’ continues to be a good law because what was overruled in the Dharmender Textile case was only that part in Dilip Sheroff case where it was held that mensrea was a essential requirement of penalty u/s 271(1)(c). The Hon’ble Apex C...

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Inclusion of After Sale Service & Pre-delivery Inspection Charges in assessable value.

Circular No. 936/26/2010-CX (27/10/2010)

Board vide its earlier circular No. 643/34/2002-CX dated 1-7-2002 had clarified that After-sale Service and Pre-delivery Inspection charges were liable to be included in the assessable value under Section 4 of the Central Excise Act 1944. Further vide circular No. 909/29/09-CX dated 11.12.2009, it was directed to transfer all the show cau...

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SEBi Circular on European Style Stock Options- CIR/DNPD/6/2010, October 27, 2010

Circular No. CIR/DNPD/6/2010 (27/10/2010)

his circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act 1992, read with Section 10 of the Securities Contracts (Regulation) Act, 1956 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market....

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Regarding continuation of anti-dumping duty on imports of 1-Phenyl-3-Methyl-5-Pyrazolone originating in, or exported from, Peoples Republic of China

Notification No. 111/2010-Customs, (27/10/2010)

G.S.R. (E). -Whereas, the designated authority vide notification No. 15/5/2010-DGAD, dated the 1st July, 2010, published in the Gazette of India, Extraordinary, Part I, Section 1 dated the 1st July, 2010, had initiated review in terms of sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as...

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Exchange Rate notification for Import / Export of goods with effect from 1st November, 2010

Notification No. 91/2010-Customs (N.T.) (27/10/2010)

S.O. (E). – In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.85/2010-CUSTOMS (N.T.), dated the 28th September, 2010 vide number S.O.2348 (E), dated the 28th September, 2010, ...

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Empanelment with Registrar for Mumbai and Konkan Division for Statutory Audit of Co-Operative credit Societies and Bank

Joint Registrar for Mumbai and Konkan Division started for Registration of Fresh Panel for the Period 01/04/2011 to 31/03/2014 for Co-Operative Societies Audit. ...

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Posted Under: Fema / RBI |

Regarding continuation of anti-dumping duty on imports of 1-Phenyl-3-Methyl-5-Pyrazolone originating in, or exported fro

Notification No. 111/2010-Customs (27/10/2010)

Now, therefore, in exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the said Customs Tariff Act and in pursuance of rule 23 of the said rules, the Central Government hereby makes the following amendment in the notificatio...

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Clarification regarding period of validity of approvals issued under section 10(23C)(iv), (v), (vi) or (via) and section 80G(5) of the Income-tax Act

Circular No. 7/2010-Income Tax (27/10/2010)

Circular No. 7/2010 The Board has received various references from the field formations as well as members of public about the period of validity of approvals granted by the Chief Commissioners of Income Tax or Directors General of Income Tax under sub-clauses (iv), (v), (vi) and (via) of Section 10(23C) and by the Commissioners of Incom...

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