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Anti-dumping on import of partially oriented yarn generally known as POY

August 3, 2007 625 Views 0 comment Print

And whereas, 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.77/2006-Customs, dated the 2nd August, 2006, published in Part II, Section 3, Sub-section (i) of the Gazette of India

Notification No. 213/2007 – Income Tax Dated 3/8/2007

August 3, 2007 463 Views 0 comment Print

Notification No. 213 – Income Tax In exercise of the powers conferred by clause 48 of section 2 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the bond with the following particulars as zero coupon bond for the purposes of the said clause, namely

Notification No. 31/2007-Central Excise (N.T.), dated: 02.08.2007

August 2, 2007 661 Views 0 comment Print

For the removal of doubts, it is hereby clarified that the specified goods shall be deemed not to have been used for the specified purpose even if any of the quantity of the subject goods is lost or destroyed by natural causes or by unavoidable accidents or for any other reasons during transport from the place of procurement to the DTA exporter and no wastage of the specified goods shall be allowed.

Seeks to amend notification no. 21/2002-Customs Dated: 1st March, 2002

August 2, 2007 451 Views 0 comment Print

The principal notification was published in the Gazette of India, Extraordinary, vide number G.S.R.118(E), dated the 1st March, 2002 and was last amended by notification No.87/2007-Customs, dated the 23rd July, 2007 which was published in the Gazette of India, Extraordinary vide number G.S.R.499(E), dated the 23rd July, 2007.

Notification No. 34/2007-Central Excise, dated: 02.08.2007

August 2, 2007 412 Views 0 comment Print

The principal notification was published in the Gazette of India, Extraordinary, vide number G.S.R.94(E), dated the 1st March, 2006, and was last amended by notification No. 23/2007-Central Excise, dated the 3rd May, 2007 and published vide number G.S.R.322(E), dated the 3rd May, 2007.

Notification No. 33/2007-Central Excise, Dated: 02/08/2007

August 2, 2007 484 Views 0 comment Print

The principal notification was published in the Gazette of India, Extraordinary, vide number G.S.R.93(E), dated the 1st March, 2006, and was last amended by notification No. 22/2007-Central Excise, dated the 3rd May, 2007 and published vide number G.S.R.321(E), dated the 3rd May, 2007.

Highlights of RBI Credit Policy

August 1, 2007 996 Views 0 comment Print

Reserve Bank of India Governor Dr Y Venugopal Reddy on Tuesday presented the First Quarter Review of Annual Statement on Monetary Policy for the Year 2007-08 on Tuesday. Dr Reddy kept the interest rates unchanged, but hiked the Cash Reserve Ration by 50 basis points to 7.0 percent.

Whether outgoing partners liable to pay excise duty assessed against a registered partnership firm, which was dissolved?

July 31, 2007 3049 Views 0 comment Print

The assessment under the Central Excise law in the name of partnership firm will virtually, for all purposes, be assessment of the partners of such firm who will be jointly and severally liable for the duty liability that was incurred during the currency of their partnership venture of manufacturing excisable goods. The decisions of this Tribunal taking a contrary view are no longer good law and will stand overruled.

Notification No. 212/2007 – Income Tax Dated 31/7/2007

July 31, 2007 478 Views 0 comment Print

Notification No. 212 – Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for industrial park, by the notifications of the Government of India in the Ministry of Commerce and Industry (Department of Industrial Policy and

Notification No. 211/2007 – Income Tax Dated 31/7/2007

July 31, 2007 508 Views 0 comment Print

Notification No. 211 – Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for industrial park, by the notifications of the Government of India in the Ministry of Commerce and Industry (Department of Industrial Policy and

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