"October, 2010" Archive - Page 42

Amends Notification No.153/2009-Customs, dated the 31st December, 2009

Notification No. 103/2010-Customs 01/10/2010

G.S.R. 716 (E).- In exercise of the powers conferred by sub­section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Fina...

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Amends Notification No. 21/2002-Customs, dated the 1st March, 2002, CUSTOMS Notification No 102/2010, 01-10-2010

Notification No. 102/2010-Customs 01/10/2010

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (De...

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Seeks to amend noti.No.146/94-Customs dated 13.07.94 so as to modify conditions for shooting equipment imported by Renowned Shooters

Notification No. 101/2010-Customs 01/10/2010

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (D...

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CBEC Recommends imposition of provisional anti-dumping duty on all imports of DVD of all kinds originating in, or exported from Malaysia, Thailand and Vietnam

G.S.R. 783 (E) 01/10/2010

G.S.R. 783 (E). – Whereas, in the matter of import of Recordable Digital Versatile Disc [DVD] of all kinds (hereinafter referred as the subject goods), falling under heading 8523 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and originating in, or exported from Malaysia, Thailand and Vietnam, (hereinafter referred ...

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Discussion Paper on Issue of Shares for Considerations Other Than Cash

01/01/1970

As per extant FDI policy, shares can be issued to a non-resident against receipt of funds through normal banking channels. If the funds are not received through normal banking channels, prior approval of the Government is required for such issue. The only exception to the above condition is the situation where shares are to be issued agai...

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Posted Under: Custom Duty |

No extension of income tax holiday beyond March 2011 for software technology park of India (STPI) units

The Finance Ministry has ruled out extension of income tax holiday beyond March 2011 for software technology park of India (STPI) units. The tax breaks for STPI scheme has a sunset for March 31, 2011, implying that the tax holiday will end for units ...

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Posted Under: Custom Duty |

Government may simplify mergers and acquisitions process

Merger procedures may soon become easier for India Inc. The Government is planning to come up with an ordinance to do away with the process of sanction by the Competition Commission of India (CCI) for small-ticket mergers and acquisitions. The ordinance will also ensure that the CCI takes a decision on an M&A application within 180 days, ...

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Posted Under: Custom Duty |

Bar Council opposes entry of foreign laws firms in India

New Delhi: The Bar Council of India (BCI), a statutory body of advocates, today decided not to permit foreign lawyers or their firms to practise in India, but assured that a more detailed and rational scrutiny of the subject would be done soon. ...

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Posted Under: Custom Duty |

SC refuses to offer any immediate relief to Vodafone

The Supreme Court on Monday refused to offer any immediate relief to Vodafone, which has challenged the Bombay High Court order allowing the government to tax the company's $11 billion deal with Hutch. The tax department had raised a demand for Rs 12,000 crore (Rs 120 billion) as tax on the 2007 deal. While refusing to stay the high court...

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Posted Under: Custom Duty |

Discussion Paper on FDI in LLP

01/01/1970

The Limited Liability Partnership Act, 2008 (LLP Act) was notified on April 1, 2009. With the passing of this Act, a new hybrid entity, incorporating the features of both- a body corporate, as well as a traditional partnership-can be formed for the purposes of undertaking business in India. The LLP has not yet been recognized under FDI p...

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Posted Under: Custom Duty |

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