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Notification No. 73/2009-Customs Duty (N.T.), dated 30-06-2009

June 30, 2009 496 Views 0 comment Print

for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s. Veera Overseas, Rafai Tower, 195, Zakariaya Masjid Street, 5th Floor, Room No. 505, Mumbai – 9 and others issued vide, F.No. DRI /MZU/C/INV-11/2008-09 dated 9th March, 2009, by the Additional Director General, Directorate of Revenue Intelligence, Mumbai Zonal Unit, Mumbai.

Notification No. 72/2009-Customs Duty (N.T.), dated 30-06-2009

June 30, 2009 526 Views 0 comment Print

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 Commissioner of Customs (Adjudication), Delhi to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on:

Notification No. 71/2009-Customs Duty (N.T.), dated 30-06-2009

June 30, 2009 517 Views 0 comment Print

for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s. City Graphics, A-12, Mangolpuri Industrial Area, Phase-II, Delhi issued vide, DRI F.No. 23/20//2007-DZU/Pt.II, dated the 28th January, 2009, by the Additional Director, Directorate of Revenue Intelligence, Delhi Zonal Unit, New Delhi.

Notification No. 70/2009-Customs Duty (N.T.), dated 30-06-2009

June 30, 2009 538 Views 0 comment Print

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 Commissioner of Customs and Central Excise, Hyderabad-IV Commissionerate, Hyderabad, to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on the following adjudicating authorities in column 3 in respect of Show Cause Notices against their names in column 2,.

Notificaition No. 69/2009-Customs Duty (N.T.), dated 30-06-2009

June 30, 2009 583 Views 0 comment Print

for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s. Baheti Metals and Ferro Alloys Limited, A-2/3, L.R.Apartment, Opposite Police Commissioner’s Office, Shahibaug, Ahmedabad issued vide, F.No. DRI/AZU/INV-07/2006, dated the 30th September, 2008, by the Additional Director, Directorate of Revenue Intelligence, Zonal Unit, Repen Bungalow, Jain Merchant Society, Near Mahalaxmi Cross Road, Paldi Ahmedabad – 380 007.

Government may disallow the depreciation allowance that charitable organisations claim

June 30, 2009 1348 Views 0 comment Print

The government is considering a proposal to disallow the depreciation allowance that charitable organisations claim, following a recommendation by the income-tax department. Officials close to the development said the I-T department’s suggestion is to amend Section 11, which specifies the manner in which income from charitable bodies is exempt from income tax. The I-T department has […]

New TDS Rules related to mentioning of Unique Transaction Number(UTN) in ITR kept in abeyance

June 30, 2009 1269 Views 0 comment Print

The CBDT has finally come out with a much awaited Press Release relating to the new TDS rules. All of us were anxiously waiting for some news about the Unique Transaction Numbers that are required to be generated with effect from 1st July, 2009.

Rescinds notification No. 9/2009- Customs, dated 29th January, 2009

June 30, 2009 415 Views 0 comment Print

In exercise of the powers conferred by sub-section (2) of section 8B of the said Act of the Customs Tariff Act, 1975 (51 of 1975), read with rules 10 and 14 of the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997, the Central Government hereby rescinds the Government of India in the Ministry of Finance (Department of Revenue) notification No. 9/2009- Customs, dated the 29th January, 2009, published in the Gazette of India vide number G.S.R.55(E), dated the 29th January, 2009, except as respects things done or omitted to be done before such rescission.

Regarding imposition of provisional safeguard duty on imports of Phthalic anhydride into India

June 30, 2009 526 Views 0 comment Print

the Director General (Safeguard) in its final findings vide number G.S.R. 366(E), dated the 28th May, 2009, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 28th May, 2009 has come to the conclusion that increased imports of Phthalic anhydride into India has caused and threatened to cause further serious injury to the domestic producers of Phthalic anhydride and it necessitates to impose provisional safeguard duty on imports of Phthalic anhydride into India, and has recommended the imposition of safeguard duty on imports of the subject goods into India

ICAI may announce its report on Satyam Fraud and auditors involvement on 09th July 2009

June 30, 2009 870 Views 0 comment Print

The ICAI investigation focused on the financial reporting, accounting and auditing aspects of the $1 billion fraud at technology service provider Satyam, and is expected to include recommendations on the plugging loopholes to prevent similar fraud. UP Agarwal, president of the ICAI, told Indian news agency PTI that the report would be finalized by the […]

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