An Enforcement Directorate raid on a sister concern connected with the Commonwealth Games scam is not a ground to terminate a contract, a division bench of the Delhi high court has declared. The Apparel Export Promotion Council had invited tenders and offered the contract for the February 2011 textile fair to an events management company, Meroform (India) Ltd. Later there was a telecast in private channels that its sister company was raided in scam investigation. Citing this telecast, the council declined to give the contract to the events management company, though large amounts were spent by it. It moved the high court challenging the termination of the contract. The court stated that the council’s decision was illegal. However, it did not grant any monetary relief to the affected company and pointed out that the remedy lay in the civil court.
No.F. 5(54)/Policy-II/VAT/Amendment/2010/ 1790-1800 -WHEREAS the Commissioner, Value Added Tax, Dept. of Trade & Taxes, Govt. of the National Capital Territory of Delhi, being of the opinion that it is expedient in the interest of general public, so to do in exercise of the powers conferred by section 103 of the Delhi Value Added Tax Act, 2004, (Delhi Act 3 of 2005), amended Act, 2009 (Delhi Act 01 of 2010) hereby, makes the following amendments in the Sixth Schedule of the Act, namely:-
Election to the 11th Council of the ICSI held on 10th & 11th December, 2010 – Notification regarding declaration of result
Under the Industries (Development & Regulations) Act 1951, the Department of Industrial Policy & Promotion (DIPP), issues licenses for certain licensable products. With a view to ensure enhanced public access and transparency as well as to implement
The exporters of Grapes covered by ITC HS Code 0806 are entitled for additional 2% Duty Credit Scrip, over and above the normal rate under the VKGUY Scheme. This shall apply in respect of exports made on or after the date of this Public Notice.
The 10th ICSI National Awards for Excellence in Corporate Governance for 2010 were presented at a function at New Delhi on the December 16, 2010 to : Dr. Reddy’s Laboratories Limited & Larsen & Toubro Limited Mr. Umang Vohra, Chief Financia
The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law.
It has been observed that some banks are following the practice of sanctioning housing loans at ‘teaser rates’, wherein the loans are offered at a comparatively lower rate of interest in the first few years, after which rates are reset at higher rates. This practice raises concern as some borrowers may find it difficult to service the loans once the normal interest rate, which is higher than the rate applicable in the initial years, becomes effective.
Section 11 of the Special Economic Zones Act, 2005 – Development Commissioner – Rescission of all previous notifications appointing Director, Software Technology Parks of India as Development Commissioner of IT & ITES SEZs NOTIFICATION (F.5/15/2010- SEZ), DATED 20-12-2010 In exercise of the powers conferred by sub-section (1) of section 11 of the Special Economic Zones […]
Exempts taxable services in relation to general insurance business provided under Weather Based Crop Insurance Scheme or the Modified national Agricultural Insurance Scheme- Notification No. 58/2010-ST dated -21-12-2010 Notification No.58/2010-Service Tax, New Delhi, the 21st December, 2010. G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 […]
