We are enclosing a copy of the Gazette notification dated January 23, 2001 pertaining to valuation and provisioning of non-performing assets (NPAs) for your information.
Hanuman Prasad Bagri & Ors vs Bagress Cereals Pvt. Ltd. & Ors (SC) Sections 397 & 398 of the Companies Act, 1956 [hereinafter referred to as the Act] was filed before the Calcutta High Court on grounds of oppression and mismanagement. The learned Company Judge held that the Petitioners grievance in regard to ouster from the management of the company is legitimate and justified; that respondent No.3 had manoeuvred the matters in such a manner to result in the ouster of the Petitioner No.1 from the management of the Company.
In exercise of the powers conferred by sub-clause (a) of sub-section (3) of 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. 5/2001-NT-Customs, [S.O.160(E)] dated the 23rd February, 2001 the Central Government hereby determines for the purposes of said section in so far as these relate to export goods, that the rate of exchange of conversion of each of the foreign currency specified in the column (2) of Schedule I and Schedule II appended hereto into Indian Currency or vice versa shall, with effect from the 1st April, 2001.
In exercise of the powers conferred by sub-section (2) of section 20 of the Indian Stamp Act 1899 (2 of 1899) and sub-clause (i) of clause (a) of sub-section (3) of Section 14 of Customs Act, 1962 (52 of 1962) and in supercession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.4/2001-NT-Customs, [S.O.159(E)] dated the 23rd February, 2001 the Central Government hereby.
In exercise of the powers conferred by clause (i) of Explanation 2 to the proviso to sub-section (1) of section 3 of the Central Excise Act, 1944(1 of 1944), read with clause (8) of rule 2 of the Central Excise Rules, 1944, and in supercession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.397/86-Central Excise, dated the 26th August 1986
In exercise of the powers conferred by clause (i) of Explanation 2 to the proviso to sub-section (1) of section 3 of the Central Excise Act, 1944(1 of 1944), read with clause (8) of rule 2 of the Central Excise Rules, 1944, the Central Government hereby specifies SEEPZ Special Economic Zone, Mumbai in the State of Maharashtra as a free trade zone
In exercise of the powers conferred by clause (i) of Explanation 2 to the proviso to sub-section (1) of section 3 of the Central Excise Act, 1944(1 of 1944), read with clause (8) of rule 2 of the Central Excise Rules, 1944, the Central Government hereby specifies Kandla Special Economic Zone
In exercise of the powers conferred by clause (i) of Explanation 2 to the proviso to sub-section (1) of section 3 of the Central Excise Act, 1944(1 of 1944), read with clause (8) of rule 2 of the Central Excise and in supercession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.7/96-Central Excise, (NT), dated the 15th March, 1996 [G.S.R.132(E), dated the 15thMarch, 1996], except as respects things done or omitted to be done before such supercession, the Central Government
Government of Gujarat for the purpose of reconstruction, or repair of private buildings, residential or non-residential, in the earthquake affected areas of Gujarat, as may be indicated in the indent, from the whole of the duty of excise leviable thereon, subject to the following conditions, namely.
Content of this Circular may be brought to the notice of the concerned officers and a watch be kept to ensure that attempt is not made to get away with unwarranted export benefits by misdeclaring nature & composition of Drugs / formulations.
