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Comparison of fiscal benefit available to SEZ, SEZ developer & 100% EOU

July 31, 2007 4552 Views 0 comment Print

Units undertaking to export their entire production of goods and services except to the extent of permissible sales in the DTA. Second hand capital goods, without any age limit, may also be imported duty free.

Interpretation of Accounting Standard's issued by ICAI

July 31, 2007 27219 Views 0 comment Print

Chapter III of the Income-tax Act, 1961 (hereinafter referred to as the ‘Act’) deals with incomes which do not form part of total income. Sections 10A and 10B of the Act are covered under Chapter III. These sections allow certain deductions, for certain years, from the total income of an assessee. These deductions are commonly described as ‘tax holiday’ and the period during which these deductions are available is commonly described as ‘tax holiday period’.

Notification No. 30/2007-Central Excise (N.T.); dated: 30.07.2007

July 30, 2007 715 Views 0 comment Print

In exercise of the powers conferred by clause (b) of section 2 of the Central Excise Act, 1944 read with sub-rule (1) rule 3 of the Central Excise Rules, 2002, the Central Board of Excise and Customs appoints the officers specified in column.

Notification No. 19 (RE-2007)/2004-2009, Dated: 30.07.2007

July 30, 2007 409 Views 0 comment Print

All Status Holders shall be incentivised with duty credit scrip equal to 10% of FOB value of agricultural exports (including benefits entitled under paragraph 3.8.2) which can be used for duty free import / procurement of capital goods related to infrastructure meant for agro-processing to promote agricultural export.

Notification No. 18 (RE-2007)/2004-2009, Dated: 30.07.2007

July 30, 2007 355 Views 0 comment Print

For the export of above quantity of River Sand, Chemicals and Allied Products Export Promotion Council (CAPEXIL) shall ensure that the suppliers/extractors have obtained appropriate clearances and the mining of the said sand is not undertaken in the Coastal Regulation Zone Area, which is prohibited under the Coastal Regulation Zone Notification.

Notification No. S.O. 1291(E), dated 30/07/2007

July 30, 2007 538 Views 0 comment Print

-1n exercise of the powers conferred by Sub-section (2) of Section 609 of the Companies Act. 1956 (I 011956), the Central Government herebygipuints flit Registrar of CutupwJ:c.-., Tann! Nadu as the Regltanir For registration of companies under the said Act to ttie Linon Territory OfAudantart and Nicobar 1sian ds w ith efket from 20th August, 2007.

DGFT Revises Marble Import Floor Prices for 2007-08

July 30, 2007 499 Views 0 comment Print

DGFT lowers floor prices for crude and rough marble imports to $325/MT while maintaining $500/MT for slabs, amending guidelines for 2007-08.

Notification No. 32/2007-Central Duty, dated: 30.07.2007

July 30, 2007 511 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts internal combustion engines falling under Chapter 84 of the Schedule to the Central Excise Tariff Act, 1985.

How to be Successful in Interviews

July 28, 2007 639 Views 0 comment Print

It is almost impossible to receive a job offer without first attending an interview of some sort, and who would want to take a job without first meeting their boss and perhaps a few colleagues? The secret of a successful interview lies in preparation, so it’s worth spending a little time doing your homework to make it a positive, useful experience. Good employers understand the pitfalls of interviewing, such as the tendency of people to recruit in their own image, but the process is slowly becoming more structured, sophisticated and balanced. Indeed, in some sectors the humble interview has been practically elevated to an art form, such as the travel or hospitality industries, in order to better assess applicants.

Scrutiny norms for Non-Corporate Assessee for the Financial Year 2007-08 and A.Y. 2008-09

July 28, 2007 3678 Views 0 comment Print

NEW SCRUTINY NORMS FOR FINANCIAL YEAR 2007-08 – Board hereby lays down the following procedure for selection of returns / cases of *Non-Corporate Assessees* for scrutiny during the current financial year i.e. 2007-08.2. The following categories of cases shall be compulsorily scrutinized; –

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