Attention is invited to Board’s Circular No. 746/62/2003-CX dated 22nd September 2003 issued vide F.No . 390/85/2003-JC and Circular No. 710/26/2003-CX dated 23rd April 2003 issued vide F.No .390/198(M-2)/2002-JC, wherein field formations were sensitized on the need to remove deficiencies and inadequacies in the manner of filing department appeals. As you are aware
The final settlement price of the notional bond shall be obtained by discounting the cash flows of the notional bond at the YTM of the basket. The precise formulas for arriving at the settlement price, including, the day count and other conventions, shall be fully disclosed to the market.
In view of the above judgment of the CESTAT, the matter has been re-considered by the Board and it has been decided to withdraw the Board’s Circular No. 618/9/2002-CX dated 13-2-2002. The above-mentioned judgment of CESTAT, which has been accepted by Board, may kindly be taken into consideration in deciding similar pending cases.
I am directed to say that under Section 65 of Finance Act, 1944 and as brought out by Board”s letter no. F.B.43/7/97-TRU dated 11.7.97 there must exist a relationship of principal and an agent for bringing grain agent in the ambit of C & F agent of the farmer and in CBEC Circular no. 48/10/2002-ST dated 13.9.2002, it has been clarified that Adhatiya”s (Food grain agents) activity do not fall under the scope of Clearing and Forwarding Agents services and hence would not be liable for Service Tax under this category.
Circular No. 1 of 2004-Income Tax A non-resident or a foreign company is treated as having a permanent establishment or business connection in India under article 5 of the Double Taxation Avoidance Agreements or under section 9 of the Income-tax Act, 1961, if the said non-resident or foreign company carries on business in India through a branch, sales office etc.
This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interest of investors in securities and to promote the development of, and to regulate the securities market.
This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interest of investors in securities and to promote the development of, and to regulate the securities market.
During the Open Houses and Seminars conducted all over India, lot of queries have been raised as to whether only single registrations is required for a service provider providing more than one taxable service and also whether a single return is acceptable in respect of more than one taxable service being provided by the service tax provider.
The attention is invited to the Central Board of Excise and Customs Circular No.52/1/2003 (F.No.137/9/2003-CX4 dated 11.3.2003) introducing e-filing of ST-3 returns of Service Tax from the month of April, 2003 in respect of 10 (ten) select class or group of service tax providers.
Accordingly, with a view to further streamlining the process of registration of FIIs, it has been decided that all prospective FII applicants shall submit the fees as prescribed in the SEBI(Foreign Institutional Investor) Regulations,
