"14 January 2011" Archive

Re-Credit Certificate for Re-export of defective/unfit goods and/or Re-assessment of Debited Duty and/or re-exports on account of any other reason

Public Notice No. 22/2009-2014 (RE 2010) (14/01/2011)

In the case of re-export of defective or unfit goods or re-assessment of debited duty, Customs issues a Re-credit Certificate containing particulars of scrip used, date of import of re-exported goods and amount debited while importing such goods / re-assessment details. Customs shall permit use of this Re-credit Amount to the extent of 98...

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Enforcement of penal provisions for non-submission or delayed submission of returns

F.No.267/117/2010-CX8 (14/01/2011)

Departmental Instruction F.No.267/117/2010-CX8 Government of India Ministry of Finance Department of Revenue (Central Board of Excise & Customs) New Delhi, dated the 14th January, 2011. To, All Director Generals, All Chief Commissioners of Central Excise (including LTU), All Commissioners of Central Excise (including LTU). Sir/ Madam,...

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Custom Duty Notification No. 1/2011- Customs (N. T.) amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001

Notification No. 01/2011-Customs (N.T.) (14/01/2011)

Notification No. 1/2011- Customs (N. T.) , New Delhi, 14th January, 2011. S. O… (E) – 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 th...

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Public Notice No. 22 (RE-2010)/2009-14, Dated: 14.01.2011

Public Notice No. 22 (RE-2010)/2009-14 (14/01/2011)

In the case of re-export of defective or unfit goods or re-assessment of debited duty, Customs issues a Re-credit Certificate containing particulars of scrip used, date of import of re-exported goods and amount debited while importing such goods / re-assessment details....

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Issue of RC for Cotton export by Jt. DGFT offices Chennai, (CLA) Delhi, Kolkata & Mumbai

Trade Notice No. 4/2011 (14/01/2011)

Government of India Ministry of commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhavan, New Delhi Trade Notice No. 4/2011 Dated the 14th Jan.2011 Sub: Issue of RC for Cotton export by Jt. DGFT offices Chennai, (CLA) Delhi, Kolkata & Mumbai. Trade Notice No.1 of 2011 issued on 10/1/2011 contain...

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Petition under Section 397/398 of Companies Act, 1956 – Importance of Prayer – a Case Study

Every one knows the object of section 397/398 of the Companies Act, 1956 and it is to bring an end to the matters complained of and to regulate the affairs of the Company in future. A great responsibility is cast on the Company Law Board under section 397/398 of the Companies Act, 1956 and it is not only an adjudication of dispute between...

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Posted Under: DGFT |

Application of provisions of Section 5A(1A) of the Central Excise Act, 1944-reg

Circular No. 940/01/2011-CX (14/01/2011)

Attention is invited to Board’s circular No. 937/27/2010-CX dated 26.11.10 issued from F.No.52/1/2009-CX1 (Pt.), wherein based on the opinion of the Law Ministry, it was clarified that in view of the specific bar provided under sub-section (1A) of Section 5A of the Central Excise Act, 1944, the manufacturer cannot opt to pay the duty in...

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Consolidated FDI Policy Circular- issue of third edition on 31st March, 2011- regarding

Circular No. 5(1)/2011-FC-I (14/01/2011)

You are requested to give your comments on the Circular 2 of 2010, if any. Comments received in this Department by 15th February, 2011 will be duly considered for incorporation in the third edition of Consolidated FDI Policy document....

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Mandatory e-returns for employers registered under Profession Tax Act, 1975

Trade Circular No. 1 T of 2011 (14/01/2011)

E-services offered by the Department, especially e-return filing and e-payment facility have been welcomed by the dealers and tax practitioners. In view of the positive response received from all the quarters, the e . service of filing e returns is being introduced for the registered employers (PTRC holders) filing monthly returns. ...

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ICAI – Suggestions on Direct Tax code Bill 2010

The Income-tax Act, 1961 [I.T. Act], with large number of amendments made in nearly last fifty years, has become very complex leading to litigation and uncertainties. Considering the sea change in the nation’s economic policy and environment, the cou...

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Posted Under: DGFT |