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Notification No. 40 (RE-2006)/2004-2009, Dated: 03.01.2007

January 3, 2007 298 Views 0 comment Print

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 the following amendments with immediate effect in the Paragraph 3 of Notification No.18 (RE-2006)/2004-2009 dated 4.7.2006.

Amends Notification No.69/2004 dated 9.7.2004

January 2, 2007 586 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962(52 of 1962), read with section 91 read with section 94 of the Finance Act (No.2), 2004 (23 of 2004), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.69/2004-Customs, dated the 9th July, 2004, namely.

CIT v. Thayaballi Mulla Jeevaji Kapasi [1967] 66 ITR 147 (SC)

January 1, 2007 2760 Views 0 comment Print

Thayaballi Mulla Jeevaji—hereinafter called the respondent—was a trader in Malabar produce, cloth, pepper and other commodities. For the assessment year 1945-46, the respondent submitted a return disclosing a net business loss of Rs. 7,960. The Income-tax Officer, Kozhikode, District Malabar, completed the assessment on March 29, 1946,

Withdrawal of facilities or imposition of restrictions on a manufacturer, first stage or second stage dealer, or an exporter

December 30, 2006 604 Views 0 comment Print

An officer authorized by the Board shall examine the recommendations received from the Chief Commissioner of Central Excise or Director General of Central Excise Intelligence and issue an order specifying the type of facilities to be withdrawn or type of restrictions imposed.

Notification No. 31/2006-Central Excise (N.T.); Dated: 30.12.2006

December 30, 2006 607 Views 0 comment Print

The principal rules were published vide notification No. 23/2004-Central Excise (N.T.), dated the 10th September, 2004, G.S.R.600 (E), dated the 10th September, 2004 and was last amended vide notification No.19/2006-Central Excise (N.T.), dated the 30th September, 2006, vide [G.S.R. 608(E), dated the 30th September, 2006.

Fringe benefits, by way of gift, voucher or token to employees

December 30, 2006 86198 Views 2 comments Print

Recently old Rule 3 of the I.T. Rules, 1962, regarding valuation of perquisites, has been substituted by a new Rule, vide Notification No. S.O. 940(E), dated 25.9.2001. Sub-rule (7) of new Rule 3 deals with other fringe benefits or amenities in terms of the provisions of S. 17(2)(vi) of the I.T. Act, 1961. Clause (iv) of sub-rule (7) of Rule 3 deals with the valuation of perquisite by way of any gift or voucher or token

Notification No. 30/2006- Central Excise (N.T.); Dated: 30.12.2006

December 30, 2006 616 Views 0 comment Print

The principal rules were published in the Gazette of India vide notification number 04/2002-CE(NT), dated the 1st March, 2002 [G.S.R. 143(E), dated the 1st March 2002], and were last amended vide notification number 26/2006-CE (NT), dated 28th December, 2006 vide [ G.S.R. 771(E), dated the 28th December, 2006.

Notification No. 49/2006-Central Excise, Dated: 30.12.2006

December 30, 2006 973 Views 0 comment Print

exempts excisable goods of the description specified in column (3) of the Table below and falling within the heading, sub-heading or tariff item of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) (hereinafter referred to as the Central Excise Tariff Act), as are given in the corresponding entry in column (2) of the said Table

Notification No. 48/2006-Central Excise; Dated: 30.12.2006

December 30, 2006 1750 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 5 A of the Central Excise Act, 1944 (1 of 1944), read with sub-section (3) of section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957), sub-section (3) of section 3 of the Additional Duties of Excise (Textiles and Textile Articles) Act, 1978

Amendments in Notification No.78/2006-Customs, dated; 8th August, 2006

December 30, 2006 526 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act,1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance.

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