In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.39/2008-CUSTOMS (N.T.), dated the 28th April, 2008 vide number S.O. 1033(E), dated the 28th April, 2008, except as respects things done or omitted to be done before such supersession, the Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II annexed hereto into Indian currency or vice versa shall, with effect from 1st June, 2008 be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.
I am, accordingly, directed to request you to instruct the officers working under your jurisdiction to carefully examine this aspect of the refund claim before passing an Order-in-Original, so that unnecessary hardships caused to the applicants and protracted litigation in claiming refunds is avoided.
CIT vs. Divine Leasing & Finance (SC) – The amount of share application money received by a Company from alleged bogus shareholders cannot be regarded as undisclosed income under S. 68 of I. T. Act for the simple reason that if the names of the alleged bogus shareholders are given to the AO, then the Department is free to proceed to re-open their individual assessments in accordance with law.
We undertake that we/ our associates have not issued/ subscribed/ purchased any of the offshore derivative instruments directly to/ from Non Resident Indians/ Indian Residents.
Services provided in relation to chit. – Chit means a transaction whether called chit, chit fund, chitty, kuri, or by any other name by or under which a person enters into an agreement with a specified number of persons that every one of them shall subscribe a certain sum of money
In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby makes, with immediate effect, the following amendments to the Notifications No.4 (RE-2008)/2004-09 dated 11th April, 2008.
The principal notification no. 6/2007-Central Excise (N.T.) dated the 12th February, 2007 was published vide number G.S.R.77(E), dated the 12th February, 2007 and was subsequently amended by Notification No.02/2008-Central Excise (N.T.) dated the 15th January,2008 vide number G.S.R.32(E), dated the 15th January,2008.
The principal notification no. 5/2007-Central Excise (N.T.) dated the 12th February, 2007 was published vide number G.S.R.76(E), dated the 12th February, 2007 and was subsequently amended by Notification No.01/2008-Central Excise (N.T.) dated the 15th January,2008 vide number G.S.R.31(E), dated the 15th January, 2008.
Authorization of Officers of Serious Fraud Investigation Office, under section 621 of the Companies Act,1956, for the purposes of filing and conducting prosecution under the Companies Act, 1956.
Provided that the applicant seeking registration to act as a stock broker or sub-broker or a trading member or a clearing member or a depository participant shall make the application along with such additional information through the stock exchange
