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Notification No. 47 (RE – 2010)/2009-2014, Dated: 18.03.2011

May 18, 2011 691 Views 0 comment Print

Notification No 47 (RE – 2010)/2009-2014 – Earlier, consignments of Guar gum when exported to EU were allowed presence of upto 0.01 mg/Kg. of Penta Chlorophenol (PCP). Now, export of Guar gum to EU would be allowed only if it does not contain Penta Chlorophenol (PCP) in any proportion.

DGFT – Amendment in Procedure of Tariff Rate Quota Scheme

May 18, 2011 865 Views 0 comment Print

Under TRQ Scheme, the import of Maize (Corn) ITC HS Code 100590 is allowed Duty Free, as has already been notified by Customs Notification No. 9/2007 dated 25.1.2007. With effect from the date of this Public Notice, the Actual User condition will not be mandatory under imports of all items under TRQ Scheme

KBC Winner – HC asks to not to take extra legal steps of threatening or inducing assessee for tax recovery

May 18, 2011 2289 Views 0 comment Print

The Hon’ble Supreme Court in M/s. Dabur India Ltd. and another v. State of Uttar Pradesh and others. AIR 1990 SC 1814, observed that Government, Central or State, cannot be permitted to play dirty games with the citizens of this country to coerce them in making payments which the citizens were not legally obliged to make.

CBDT targets tax collection of Rs 5,30,000 for the year 2011-12

May 17, 2011 927 Views 0 comment Print

Enthused by a good tax collection in 2010-11 fiscal, India’s Central Board of Direct Taxes has fixed its collection target for 2011-12 at Rs.530,000 crore, its chairman said Tuesday. In 2010-11, we have achieved the budget target of Rs.446,000 crore. We had the original budget target of Rs.430,000 crore but we revised it to Rs.446,000 crore. We have set the budget target of Rs.530,000 crore for this fiscal, said CBDT chairman Sudhir Chandra, while addressing a press conference here.

CBI arrests eight dummy candidates for appearing in All India Pre-Medical Test- 2011

May 17, 2011 909 Views 0 comment Print

The Central Bureau of Investigation has registered a case against some of the medical courses aspiring candidates for securing admission in Medical Colleges in India through All India Pre-Medical Test-2011 with the help of dummy candidates.

Trai may get more teeth; likely to be on par with Sebi

May 17, 2011 387 Views 0 comment Print

Telecom regulator Trai may soon get powers to summon persons and penalise operators for violating licence conditions, if the amended Act, which has proposed to give more teeth to the regulator, comes into effect. The Telecom Ministry is looking to give more powers to Trai, which will bring it on par with the Civil Courts or market regulatory body like Sebi by amending Trai”s act 1997.

Migrants and minorities still vulnerable to discrimination at work – UN report

May 17, 2011 1120 Views 0 comment Print

Migrant workers and minorities are among groups that continue to face discrimination in the labour market as a result of the global economic crisis, despite positive advances in anti-discrimination laws, the United Nations International Labour Organization (ILO) said in a report unveiled today.

RBI hints at more steps as April inflation still too high

May 17, 2011 843 Views 0 comment Print

Reserve Bank Governor Duvvuri Subbarao today said April inflation at 8.66% was too high and stressed upon the central bank’s resolve to batten it down to a comfortable level, indicating that he will continue with the hawkish monetary stance.

Speak Asia clarifies over wrongly claiming clients

May 17, 2011 2362 Views 0 comment Print

Survey group Speak Asia Online (SAOL) today said it has worked for companies such as Bata, Nestle,Airtel, ICICI and ING Vysya but has not provided commissioned services to them amidst media reports that the company had falsely claimed them as their clients.

Police-IMF head picked out of lineup in sex case

May 17, 2011 1225 Views 0 comment Print

Dominique Strauss-Kahn’s reputation with women earned him the nickname “the great seducer,” and not even an affair with a subordinate could knock the International Monetary Fund leader off a political path pointed in the direction of the French presidency. All that changed with charges that he sexually assaulted a maid in his hotel room, a case that generated shock and revulsion, especially in his home country.

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