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Notifications/Circulars

Notification No. 53/2010–Customs (N.T.) Dated: 07/07/2010

July 7, 2010 451 Views 0 comment Print

S.O. (E). – In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs (Port-Import), Kolkata to exercise the powers and discharge the duties conferred or imposed on

Notification No. 55/2010–Customs (N.T.), Dated:07/07/2010

July 7, 2010 469 Views 0 comment Print

S.O. (E). – In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs (Adjudication), New Delhi to exercise the powers and dis

SEBI : Revised Exposure Margin for Exchange Traded Equity Derivatives

July 7, 2010 403 Views 0 comment Print

Based on the feedback received from market participants, it has now been decided that the said exposure margin shall be higher of 5% or 1.5 times the standard deviation (of daily logarithmic returns of the stock price).

Notification No. 50/2009-2014, Dated: 06.07.2010

July 6, 2010 403 Views 0 comment Print

Guar gum exports to European Union, originating in or consigned from India and intended for animal or human consumption, allowed subject to issue of Health Certificate by authorized representative of Ministry of Commerce & Industry, Government of India i.e. Shellac & Forest Products Export Promotion Council (SHEFEXIL), Kolkata accompanied by the original analytical report of testing of Penta Chlorophenol (PCP) issued by Vimta Labs, Hyderabad, certifying that the product does not contain more than 0.01 mg/Kg. of Penta Chlorophenol (PCP) on sampling done by the authorized representative of the competent authority.

Revalidation of Import Authorisation for Restricted Items (except SCOMET items)

July 5, 2010 1114 Views 0 comment Print

Para 2.13.3 further provides that an application for revalidation (including for restricted items), may be made to Regional Authority (RA) concerned. RA would consider such application as per Government rules/notifications and where DGFT is concerned authority, original application shall be submitted to RA concerned and self-attested copy of same shall be submitted to DGFT.

Change in EDLI Benefits

July 5, 2010 4422 Views 0 comment Print

On the death of an employee, who is a member of the Fund or of a provident fund exempted under Section 17 of the Act, as the case may be, the persons entitled to receive the provident fund accumulations of the deceased shall, in addition to such accumulations be paid an amount, equal to the average balance in the account of the deceased in the Fund or of a provident fund exempted under section 17 of the Act, as the case may be, during preceding twelve months or during the period of his membership, whichever is less, except where the average balance exceeds rupees fifty thousand, the amount payable shall be rupees fifty thousand plus 40% of the amount in excess of rupees fifty thousand subject to a ceiling of rupees one lakh

Inter-changeability of pharmacopeia suffix USP/ EP/ BP/ JP/ IP with export product for fulfillment of Export Obligation

July 3, 2010 2802 Views 0 comment Print

He exporter submits the export documents containing the export product suffixing another pharmacopoeia, say BP, the Zonal/Regional offices sometimes do not accept such exports towards fulfillment of export obligation. It has been suggested that the pharmacopoeia standard other than mentioned in the licenses should be considered towards fulfillment of export obligation, i.e., pharmacopoeia, viz., USP/EP/BP/JP may be treated as interchangeable.

Order of jurisdiction for Commissioner(s) of Income Tax and Ranges of North West Region

July 3, 2010 4669 Views 0 comment Print

authorise the said Commissioners of Income Tax, to issue orders in writing for the exercise of powers and performance of functions by all or any of the Income-tax authorities who are subordinate to them in respect of such territorial areas, or such persons or classes of persons, or such income or classes of income, or such cases or classes of cases, as may be specified in their orders, including orders transferring the areas/persons or classes of persons, incomes or classes of incomes, cases or classes of cases from one Range to another Range or from one Assessing Officer to another Assessing Officer.

Corrigendum to Notification No.40/2010-ST, dated 28-6-2010

July 2, 2010 417 Views 0 comment Print

Abatement Provisions – Specified activities rendered in port/other port/airport – Corrigendum to Notification No.40/2010-ST, dated 28-6-2010 In the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 40/2010-Service Tax dated the 28th June, 2010 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 561(E), dated the 28th June, 2010,

Service Tax (Amendment) Rules, 2010 – Amendment in rule 4A – Corrigendum to Notification No. 39/2010-ST, dated 28-6-2010

July 2, 2010 504 Views 0 comment Print

Corrigendum, dated 30-6-2010.In the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 39/2010-Service Tax, dated the 28th June, 2010 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 560(E), dated the 28th June, 2010,

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