Therefore, there cannot be a formula which had no connection with the value of the individual assets and the liabilities. The price was determined that of the business and therefore, there is no question of picking up any portion of such price and charging its capital gains. It appears to us that before transfer of the company, the said company had issued subscribed share capital and the original share certificates
In exercise of the powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) and also read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby makes amendments to Notification No.37 dated 3rd September, 2008.
The Joint Venture can be treated as an association of persons (A.O.P.) in consonance with section 2(31)(v) read with the Explanation to section 2 of the Act and liable to be assessed as such under the Income-tax Act. All the partners of J.V. have joined in for common purpose on their own volition to produce income which is shared in certain ratio. The J.V. is to be taxed in the status of an association of persons @ 41% net basis.
Publication of financial results: A listed entity opting to submit consolidated financial results in addition to standalone results to the stock exchanges shall publish consolidated financial results only.
Notification No. 102/2008-Customs For the purposes of this notification, landed value means the assessable value as determined under the Customs Act, 1962 (52 of 1962) and includes all duties of customs except duties levied under sections 3, 3A, 8B, 9 and 9A of the said Customs Tariff Act.
TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART II SECTION 3, SUB SECTION (ii) GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE NOTIFICATION NO. 37 (RE-2008)/2004-2009 NEW DELHI, THE 3rd SEPTEMBER, 2008 S.O.(E) In exercise of the powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) and also read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby makes the following amendments to Sl. No. 45A of Notification No.93 (RE-2007)/2004-2009, dated 1ST April, 2008:- Sl. No. Tariff Item HS Code Unit Item Description Export Policy Nature of Restriction 45A 1006 10 1006 10 10 1006 10 90 1006 20 00 1006 30 1006 30 10 1006 30 90 1006 40 00 Kg. Non Basmati Rice Prohibited except export of PUSA-1121 variety of Non-basmati rice. Export of PUSA-1121 variety of Non-basmati rice shall be allowed subject to the following conditions: – 1.Export allowed subject to registration of contracts with APEDA, New Delhi, prior to shipment; 2. Export permitted only if the minimum FOB price is US$ 1200 per ton or Rs. 48,000/- per ton; 3. Export will be restricted through the following ports only:- (i) Kandla (ii) Kakinada (iii)Kolkata (iv) JNPT, Mumbai (v) Mundra, and (vi) Pipavav 4. Export shall be allowed only with effect from 15th October, 2008 out of paddy procured in KMS 2008-09. 2. Provisions of this Notification shall be applicable from 15.10.2008. 3. All other provisions of the Notification No.93 (RE-2007)/2004-09 dated 1st April, 2008 shall remain unchanged, and shall continue to apply. 4. This issues in public interest. Sd/- (R.S GUJRAL) DIRECTOR GENERAL OF FOREIGN TRADE AND EX-OFFICIO ADDITIONAL SECRETARY TO THE GOVT. OF INDIA In exercise of the powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) and also read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby makes the following amendments to Sl. No. 45A of Notification No.93 (RE-2007)/2004-2009, dated 1ST April, 2008.
In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with Para 1.3 of the Foreign Trade Policy, 2004-2009 (as amended from time to time), the Central Government hereby makes the following amendment in Foreign Trade Policy.
Notification No. 31/2008-Service Tax In exercise of the powers conferred by section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994, namely :- 1. (1) These rules may be called the Service Tax (Third Amendment) Rules, 2008.
In exercise of the powers conferred by sub-rule (1) of Rule 3 of the Customs Tariff (Transitional Product Specific Safeguard Duty) Rules, 2002, and in supersession of notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 16/2007-Customs (N.T.) issued vide G.S.R. No. 103(E) dated the 22nd February, 2007, the Central Government hereby appoints Shri S.S. Rana-I, Chief Commissioner, as the Director General (Specific Safeguard) for the purposes of the said Rules.
In exercise of the powers conferred by sub-rule (1) of Rule 3 of the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997, and in supersession of notification of the Government of India.
