"27 January 2011" Archive

CUSTOMS Notification No 04/2011- Further amends Notification No. 21/2002 – Customs, dated 1st March, 2002

Notification No. 04/2011-Customs (27/01/2011)

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 ...

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Rate of exchange of conversion of each of the foreign currency with effect from 1st February, 2011

Notification No. 06/2011-Customs (N.T.) (27/01/2011)

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.102/2010-CUSTOMS (N.T.), dated the 29th December, 2010 vide number S.O.3054 (E), dated the 29th December, 2010...

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Notification No. 05/2011-Customs (N.T.)- Appoints Common Adjudicating Authority

Notification No. 05/2011-Customs (N.T.) (27/01/2011)

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 (Imports), Mumbai to ...

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Notification No. 4/2011-Customs (N.T.)- Appoints Common Adjudicating Authority

Notification No. 04/2011-Customs (N.T.) (27/01/2011)

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 Additional ...

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CUSTOMS Notification No 03/2011 (NT) – Appoints Common Adjudicating Authority

Notification No. 03/2011-Customs (N.T.) (27/01/2011)

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 Additional or Joint ...

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Construing ‘consent’ under section 399 of Companies Act, 1956?

399. (1) The following members of a Company shall have the right to apply under section 397 or 398:- a) in the case of a company having a share capital, not less than one hundred members of the company or not less than one-tenth of the total number of its members, whichever is less, or any member or members holding not less than one-tenth...

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Posted Under: Custom Duty |

Assocham calls for gradual transition to avoid hiccups'

Amid confusion surrounding the progressive implementation of International Financial Reporting Standards from April, 2011, industry body Assocham has suggested that companies should initially be asked to only prepare their consolidated accounts as pe...

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Posted Under: Custom Duty |

Govt plans to widen the scope of wealth tax in Budget 2011-12

The government plans to widen the scope of wealth tax in Budget 2011-12 to include several assets that escape the tax net as they are acquired through cash transactions.Armed with a survey on ostentatious display of wealth, the government is collecti...

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Posted Under: Custom Duty |

More efforts needed to increase FDI inflows to country- RBI

The Reserve Bank today said efforts should be made to attract more Foreign Direct Investment (FDI) in the country, as they are more stable than portfolio investments. These remarks come a day after the central bank said that environment-sensitive pol...

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Posted Under: Custom Duty |

Provides Relaxations in Branch Authorisation Policy

RBI/2010-11/ 390 DBOD.No.BL.BC. 78/22.01.001/2010-11 (27/01/2011)

In terms of Circular DBOD.No.BL.BC. 65/22.01.001/2009-10 dated December 1, 2009, general permission was granted to domestic scheduled commercial banks (other than RRBs) to open branches in Tier -3 to Tier- 6 centres (with population upto 49,999 as per Census 2001) and in rural, semi urban and urban centres in the North Eastern States and...

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