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Anti-dumping duty on imports of Sulphur Black

December 3, 2008 1081 Views 0 comment Print

on the basis of the aforesaid findings of the designated authority, the Central Government had imposed provisional anti-dumping duty on the subject goods vide notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 48/2008-Customs, dated 11th April, 2008, published in the Gazette of India vide number G.S.R. 283(E), dated the 11th April, 2008

Public Notice No. 111 (RE-2008)/2004-2009, Dated: 02.12.2008

December 2, 2008 331 Views 0 comment Print

Original application in ANF 2B along with prescribed documents and Treasury Receipt (TR)/Demand Draft shall be submitted to RA concerned. Self-attested copy of application in duplicate shall be submitted to DGFTHqrs (Udyog Bhawan, New Delhi) along with proof of submission of application to RA concerned.

SEBI : Cross Margining across Exchange traded Equity(Cash) and Exchange traded Equity Derivatives (Derivatives) segments

December 2, 2008 604 Views 0 comment Print

specify the legal agreements between the clearing entities for the purpose of margin utilisation in case of liquidation/default etc.

Operationalisation of provisions of Para 5.11.3 of Hand Book of procedures Vol.I2004-09-updated on 11.04.2008

December 2, 2008 532 Views 0 comment Print

SCENT SPRAYS AND SIMILAR TOILET SPRAYS, AND MOUNTS AND HEADS THEREFOR; POWDER-PUFFS AND PADS FOR THE APPLICATION OF COSMETICS

Guidelines for compounding of offences under Customs (Compounding of Offences) Rules, 2005-regarding.

December 2, 2008 1264 Views 0 comment Print

Adequate publicity may be given about reduction of compounding amount, in order to make the scheme more popular as to reduce the cases pending in the Court. Further, in order to make best use of compounding of offence scheme, all persons against whom prosecution is initiated or contemplated, should be informed separately in writing, the offer of compounding. Guidelines issued vide Circular No.54/2005-Cus dated 30.12.2005 shall continue to apply, subject to the amendments made vide Notification No.118/2008-Customs (NT) dated 12.11.2008 and the changes mentioned in para 5 above.

Section 80IA(7)- Filing of audit report along with return not mandatory

December 2, 2008 4104 Views 0 comment Print

Contimeters Electrical Pvt. Ltd 317 ITR 249 (Del)- Tribunal had arrived at the correct conclusion that the requirement of filing of audit report along with the return was not mandatory but directory and that if the audit report was filed at any time before the framing of the assessment, the requirement of section 80IA(7) would be met.

SEBI : Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement

December 1, 2008 496 Views 0 comment Print

.It is observed from the information provided by the depositories that the companies listed in Annexure ‘A’ have established connectivity with both the depositories during the month of September 2008.

Double Taxation Avoidance Agreement Signed Between India and Tajikistan

December 1, 2008 840 Views 0 comment Print

A Double Taxation Avoidance Agreement was signed between India and Tajikistan today, i.e. 20th November, 2008. The Agreement was signed by Mr. Narendra Bahadur Singh,Chairman, Central Board of Direct Taxes on behalf of Government of India and by Mr. Norinov Jamshed Nurmahmadovich, Deputy Minister of Finance of the Republic of Tajikistan on behalf of the Government of Tajikistan.

I-T Department Can Question HC Judgment Years Later – SC

December 1, 2008 526 Views 0 comment Print

If the income tax department fails to appeal against judgments against it by high courts on a certain legal question for several years, is it barred from raising the question later? No, said the Supreme Court in Commissioner of Income Tax vs J.K. Charitable Trust.

Easier De-listing Norms for Small Firms Ready, Notification Soon

December 1, 2008 474 Views 0 comment Print

The government and the Securities and Exchange Board of India (Sebi) would soon put up a framework for delisting of securities. A more simplified procedure for delisting of small companies would also be put in place, according to official sources.

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