communicate to SEBI, the status of the implementation of the provisions of this circular in the Monthly Development Report.
Circular No. 1 of 2007-Income Tax The Taxation Laws (Amendment) Act, 2006 (hereafter referred to as the Act) as passed by the Parliament, received the assent of the President on the 13th July, 2006 and has been enacted as Act No. 29 of 2006. This circular explains the nature and effect of the amendments with reference to provisions existing before these amendments to the Income-tax Act, 1961
Provided that, the company on receipt of written request from a shareholder, shall send the complete and full Balance Sheet, Profit & Loss Account and Auditors’ Report to the said shareholder.
A number of representations/ references have been received from trade seeking waiver of the requirement of Bank Guarantee against the imported goods to be warehoused in the Public or Private Bonded Warehouse on various grounds.
This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with the provisions of Regulation 77 of SEBI (Mutual Funds) Regulations.
The consent order shall be published through a press release and put on SEBI’s website. In cases where a Party undertakes compliances as per agreed schedule, the concerned department in SEBI shall monitor the same.
Consist of transmission and reception hardware such as transceivers, antenna, microphone, speaker, battery, radio-frequency chip, basic band chip, power management chip, Subscriber Identity Module (SIM), International Mobile Equipment Identity (IMEI) or other unique identity for cellular/mobile phone as well as radio-frequency transmission software such as GSM, General Packet Radio Service (GPRS) and Enhanced Data rates for GSM Evolution (EDGE) etc.,
Attention is invited to the Taxation Laws (Amendment) Act, 2006 wherein section 37E has been inserted in the Central Excise Act, 1944. This provision empowers the Central Government to publish information relating to the names of the assessees or any other particulars relating to any proceedings or prosecution under the Central Excise Act, 1944 in respect of such persons, if it is considered necessary and expedient in the public interest to do so.
The above clarification would also apply to capital goods covered under other annexures to this notification and under annexures to notification No. 22/2003-C.E. dated 31.03.2003 as amended.
I am directed to invite your attention to Board’s Circular No. 44/89-CX.3, dated 19.7.1989, wherein the field formations were instructed that no central excise duty is to be paid on prilled ammonium nitrate obtained from melt ammonium nitrate, and that no modvat of such duty, even if paid is to be allowed, in pursuance of Tribunal’s order in case of M/s. Anil Chemicals Pvt. Ltd. [1985 (21) ELT.889(T)].
