In Trade Notice number 16 issued on 17th August 2011, allocation of 5 lakh MT of rough marble blocks has been made to 397 applicants for ITC HS codes 25151100 and 25151210 as indicated in Notification number 64 of 4th August 2011 . RA’s may scrutinize the ITC HS codes, IE codes etc in the allocation made on 17th August 2011, for any typographical error/ or any error of clerical/ editorial nature, which may be appropriately corrected based upon actual scrutiny of documents submitted by allottees and documentary evidence so produced during such scrutiny. Trade Notice No. 18, dated 24th August, 2011
Minimum Export Price (MEP) of onions other than Bangalore Rose Onions and Krishnapuram onions will be US$ 300 per Metric Ton F.O.B. It was US$ 275 per Metric Ton as notified on 12.08.2011. There is no change in Minimum Export Price (MEP) of Bangalore Rose Onions and Krishnapuram onions and it will continue to be US$ 400 per Metric Ton F.O.B.
Ref:IRDA/ F&A/CIR/SOLP/195/08/2011 – The Circular clarified the position related to the retrocession of premium received from the TP Pool and excluded it from the calculation for the RSM, the position related to treatment of share of claim retro ceded from the pool remained unclear. The interpretation of the above Circular is taken differently by different companies. As a result, the insurers are following different approach in calculation of Solvency Margin in respect of Motor TP Pool.
Notification No.59/2011- Customs (N.T.) 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 Joint Commissioner or Additional Commissioner of Customs, Custom House, Near Balaji Temple, Kandla, to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on- (i) Joint Commissioner or Additional Commissioner of Customs, Custom House, Kandla;
Sarojben Ashwinkumar Shah etc. Vs. State of Gujarat & ANR. (Supreme Court of India)- In this case, a firm issued cheques to a person but it was returned by the bank as the account had been closed. The payee filed a criminal complaint under Section 138 of the Negotiable Instruments Act against the firm and two partners. During the trial, the two partners produced the copy of the registration of the firm. It indicated that there were two more partners in the firm. So the payee wanted to make them also parties. The newcomers moved the Gujarat high court for quashing this move. The high court refused to do so. They appealed to the Supreme Court. It set aside the high court order and asked it to reconsider the case.
Indusind Media & Communication Ltd. & ANR. Vs. Mamlatdar & Ors. (Supreme Court of India) – Honourable SC held that We do not find any substance in the submission made on behalf of the appellants that imposition of penalty is in violation of the principles of natural justice. We find from the orders passed by the authorities that the appellants had given incorrect information with regard to total number of connections given by them. The requisite information was not provided by the appellants in spite of issuance of notices and requests made to the appellants.
State of Haryana & Ors. Vs. M/s. Malik Traders (Supreme Court of India) – A person may have a right to withdraw his offer but if he has made his offer on a condition that some earnest money will be forfeited for not entering into contract or if some act is not performed, then even though he may have a right to withdraw his offer, he has no right to claim that the earnest/security be returned to him. Forfeiture of such earnest/security, in no way, affects any statutory right under the Indian Contract Act. Such earnest/security is given and taken to ensure that a contract comes into existence. It would be an anomalous situation that a person who, by his own conduct, precludes the coming into existence of the contract is then given advantage or benefit of his own wrong by not allowing forfeiture.
The Revenue Department is trying to locate 9 lakh business entities which have stopped filing service tax returns, with a view to improving collections, meeting Rs 82,000-crore target in 2011-12 and to ascertain whether there is any tax evasion. There are 15 lakh registered service tax payers in the country. According to the Central Board of Excise and Customs (CBEC) Chairman SD Majumdar, only six lakh service tax payers are filing returns.
There’s a free Windows utility called BeCyPDFMetaEdit that can help you remove passwords from PDF files without making any other change to the document. (I am not sure why the developers picked such a complex name for this useful utility). Here’s what you need to do:1. Launch the program and it will ask your for the location of the PDF file.
The judgment in the case, Sri Ramachandrappa vs Royal Sundaram Alliance Insurance Co, stated that compensation to be awarded is not measured by the nature, location or degree of the injury, but rather by the extent or degree of the incapacity resulting from the injury. The tribunals are expected to make an award determining the amount which should appear to be just, fair and proper.
