Circular No. CFD/DIL/6/2010, dated 17-5-2010. In recognition of the need for making finance available to small and medium enterprises, SEBI has decided to encourage promotion of dedicated exchanges and/or dedicated platforms of the exchanges for listing and trading of securities issued by Small and Medium Enterprises (SME).
Circular No. IRDA/CAGTS/CIR/LCE/082/05/2010, dated 17-5-2010. As you are aware, the New Agency Portal has come into operation from on 5th January, 2010. In connection with the operation of the said Portal, the following clarifications/instructions are issued by this Authority for compliance.
Notification No. 64/2010-Customs, New Delhi, dated the 14th May, 2010. G.S.R. (E).- 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 further amendments in the notification of the Government of India,
Notification No. 33/2010-Income Tax S.O. 1056(E).- In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income tax Rules, 1962, namely:-
In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Board, being satisfied that it is necessary and expedient so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Cus (N. T.), dated, the 3rd August 2001, namely: –
In a relief to insurance companies, the finance ministry has revoked its demand asking insurers to pay service tax on commission they receive from reinsurance companies. The Central Board of Excise and Customs (CBEC) has clarified that service tax cannot be levied on the reinsurance commission because an insurance company does not provide any service to a reinsurance company.
Notification No. 39/2010 – Customs (N.T.) the words, brackets, letters, and figures “ for the purpose of adjudicating the matters relating to Show Cause Notices pertaining to Shri Sachin Dhanraj Jain (Proprietor), M/s. Shree Vikran Overseas, 3, Govind Building, Opposite Heritage Hotel, Aary Road, Goregaon (East), Mumbai – 400063 and others issued vide, F.No. DRI / MZU/G/INV-07/05-06, dated the 13th May, 2008 and Shri Kamlesh J. Sharma (Proprietor), M/s Dev Texpro, No. 110, 1st Floor, Latifabad No. 3, Lucky Star, Jiravbai Sadia Road, Parel (E), Mumbai – 400012 and others issued vide, F.No. DRI / MZU/G/INV-08/05-06”, shall be substituted.
Notification No. 41 / 2010 – Customs (N.T.)- Central Board of Excise and Customs hereby makes the following amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), number 72/2009-Customs (N.T.), dated the 30th June, 2009, namely:- In the said notification, for the words and brackets “Commissioner of Customs (Adjudication), Delhi”, the words and brackets, “Commissioner of Customs, Inland Container Depot, Tughlakabad, New Delhi” shall be substituted.
Notification No. 40/ 2010 – Customs (N.T.) Central Board of Excise and Customs hereby makes the following amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue) number 93/2008-Customs (N.T.), dated the 25th July, 2008, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number S.O. 1852 (E), dated the 25th July, 2008, namely:- In the said notification, for the words and brackets, ‘Commissioner of Central Excise (Adjudication), Chennai’, the words and brackets, ‘Commissioner of Customs (Seaport-Import), Chennai’ shall be substituted.
Jaipur to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on the Commissioner of Customs (Export), Nhava Sheva for the purpose of adjudicating the matters relating to show cause notice pertaining to M/s P.P.Exports, M.I.Road, Bata Lane, Jaipur and others, issued vide, F.No. 840/JPR/19-LVI/2008/119-147, dated the 25th January, 2010, by the Additional Director, Directorate General of Revenue Intelligence, Delhi Zonal Unit, New Delhi.
