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Notifications/Circulars

Notification No. 23/2010 – Service Tax, Dated: 29.04.2010

April 29, 2010 1584 Views 0 comment Print

Notification No. 23/2010 – Service Tax – Commercial Training or Coaching Service – Exemption to Modular Employable Skill courses approved by the National Council of Vocational Training when provided in relation to Modular Employable Skill courses approved by the National Council of Vocational Training, by a Vocational Training Provider registered under the Skill Development Initiative Scheme with the Directorate General of Employment and Training, Ministry of Labour and Employment, Government of India, from the whole of the service tax leviable thereon under section 66 of the Finance Act.

Custom Duty Notification No 56/2010, Amends Notification No. 79/2008-Customs, dated the 13th June, 2008

April 29, 2010 352 Views 0 comment Print

Notification No. 56/2010-Customs -Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the Notification No. 79/2008-Customs, dated the 13th June, 2008, published in the Gazette of India – In the said notification, for the figures and words 10% ad valorem, the figures and words 15% ad valorem shall be substituted.

Custom Duty Notification No 55/2010, Amends Notification No. 20/2006-Customs, dated the 1st March, 2006

April 29, 2010 358 Views 0 comment Print

Notification No. 55/2010-Customs Acetate Rayon Tow required for the manufacture of Cigarette Filter Rod Provided the importer follows the procedure set out in Customs (Import of Goods at Concessional Rate of Duty For Manufacture of Excisable Goods) Rules, 1996.

Custom Duty Notification No 54/2010- Amends Notification No. 21/2002-Customs, dated the 1st March, 2002

April 29, 2010 436 Views 0 comment Print

Notification No. 54/2010-Customs- 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 in the Ministry of Finance (Department of Revenue),

Amends notification No. 103/2008-Cus (NT) dated 29.08.2008 (Drawback Schedule notification) so as to make All Industry Rate of duty drawback on cotton yarn as nil

April 29, 2010 840 Views 0 comment Print

(a) in Chapter 52, – (i) for tariff items 520501 and 520502 and the entries relating thereto, the following tariff items and the entries shall be substituted

Customs Notification No 33/2010 (NT) amending the Customs, Central Excise duties and Service Tax Drawback Rules, 1995 so as to disallow drawback on cotton yarn

April 29, 2010 601 Views 0 comment Print

In exercise of the powers conferred by section 75 of the Customs Act, 1962 (52 of 1962), section 37 of the Central Excise Act, 1944 (1 of 1944) and section 93A read with section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995, namely:-

Finance Bill, 2010 – Notice of Amendments – Bill passed by Lok Sabha on 29-4-2010

April 29, 2010 678 Views 0 comment Print

on or after the 1st day of April, 2010, where the specified business is in the nature of developing and building a housing project under a scheme for slum redevelopment or rehabilitation framed by the Central Government or a State Government, as the case may be, and which is notified by the Board in this behalf in accordance with guidelines as may be prescribed; and”;’

Exchange Rate notification for Import / Export of goods with effect from 1st May, 2010

April 28, 2010 1014 Views 0 comment Print

In exercise of the powers conferred by 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.26/2010-CUSTOMS (N.T.), dated the 29th March, 2010 vide number S.O.704(E), dated the 29th March, 2010,except as respects things done or omitted to be done

SEBI circular on Margining of institutional trades in the cash market

April 28, 2010 1036 Views 0 comment Print

Reserve Bank of India (RBI) vide A. P. (DIR Series) Circular no. 47 dated April 12, 2010 has permitted FIIs to offer domestic Government Securities (acquired by the FIIs in accordance with the provisions of Schedule 5 to Notification No. FEMA 20/2000-RB dated May 3, 2000, as amended from time to time and subject to the overall limits specified by the SEBI from time to time; the current limit being USD 5 billion), and foreign sovereign securities with AAA rating, as collateral to the recognized Stock Exchanges in India,

Notification No. 31/2010-Income Tax Dated 27/4/2010

April 27, 2010 517 Views 0 comment Print

Notification No. 31/2010-Income Tax It is hereby notified for general information that the organization Baun Foundation Trust (Baun Foundation Medical Research Centre), Mumbai has been approved by the Central government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962, (said Rules).from Assessment year

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