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Notifications/Circulars

Amendment in Schedule of DEPB rates (Fish & Fish Products)

April 20, 2010 382 Views 0 comment Print

Fish, Crustaceans, Molluscs, Aquatic, Invertebrates and any Aquatic Animal product of marine or fresh water origin in live or chilled or dried form, including Ornamental Fish and any Aquatic Animal product of marine or fresh water origin not covered under S.No. 2 below.

Custom Notification No. No. 53 /2010- Regarding anti dumping duty on Phenol originating in, or exported from, Thailand and Japan

April 19, 2010 511 Views 0 comment Print

Whereas, in the matter of imports of Phenol (hereinafter referred to as the subject goods), falling under sub heading 2907 11 10 or 2707 99 00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Customs Tariff Act), originating in, or exported from, Thailand and Japan

Custom Duty Notification No 52/2010- Regarding anti dumping duty on Tetrafluoroethane or R-134a of all types originating in, or exported from China and Japan

April 19, 2010 432 Views 0 comment Print

Whereas, in the matter of imports of 1, 1, 1, 2-Tetrafluoroethane or R-134a of all types (hereinafter referred to as the subject goods), falling under sub heading 2903 3919 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Customs Tariff Act), originating in, or exported from, People’s Republic of China and Japan

Notification No. 19/2010 – Central Excise; dated: 13.04.2010

April 17, 2010 1285 Views 0 comment Print

In the said notification, A. In the opening paragraph, -(a) in clause (i), the word “and” wherever it occurs shall be omitted;(b) for clause (ii), the following shall be substituted, namely:-“(ii) chewing tobacco falling under tariff item 2403 99 10 of the said Tariff Act; and(iii) Jarda scented Tobacco falling under tariff item 2403 99 30 of the said Tariff Act,” (c) for the words, brackets and figure “column (6)”, the words, brackets and figures “column (6) or column (7)” shall be substituted;

Analysis of new valuation rules to determine fair market value of a property other then immovable property for the purpose of section 56

April 17, 2010 2711 Views 0 comment Print

Notification No. 23/2010-Income Tax As per section 56(2)(vii)(c)(ii) of the Income-tax Act, 1961 (the Act) if an individual or a Hindu undivided family receives any property other than immovable property on or after 1 October 2009 for a consideration which is less than the Fair Market Value (FMV) of the property by an amount exceeding fifty thousand rupees then aggregate fair market value of such property exceeding such consideration will be treated as income of the receiver.

CBDT and Income Tax department received certification under IS 15700:2005 from the Bureau of Indian Standards

April 16, 2010 2485 Views 0 comment Print

The Central Board of Direct Taxes (CBDT) and the Income Tax department has received certification under IS 15700:2005 from the Bureau of Indian Standards for excellence in public delivery system after audit of the Directorate of Organisation and Management Services (DOMS), the nodal agency for implementation of Sevottam scheme, and the Aayakar Sewa Kendra (ASK) unit at Pune. This certification signifies changing face of the department, from an exclusively enforcement agency of the government to a service-oriented and citizens-centric organization.

SEBI circular on Amendments to Equity Listing Agreement – Discontinuation of Electronic Data Information Filing and Retrieval (EDIFAR) System

April 16, 2010 370 Views 0 comment Print

SEBI has since discontinued the EDIFAR system w.e.f from April 1, 2010. In view of this, Stock Exchanges are advised to carry out the consequential amendments in Equity Listing Agreement i.e. removal of words, “and also through the EDIFAR website” from Clause 32 and omission of Clause 51 from Equity Listing Agreement.

Custom Notification No 31/2010 (NT), Amending Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001

April 16, 2010 406 Views 0 comment Print

Notification No. 31/2010-CUSTOMS (N. T.), New Delhi, 16 th April, 2010. S. O… (E) – 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: –

CAG Circular regarding PSU audit guidelines

April 15, 2010 9817 Views 0 comment Print

Whether the Company has been listed on the stock exchanges? If yes, the names of the stock exchanges may please be indicated? If so, whether the provisions of listing agreement of SEBI are being followed by the Company? (2) Whether the Company has 50% independent directors on their Board as required under SEBI guidelines?

Sebi issued circular on Additional information regarding PCC, MCV or equivalent structure by FIIs

April 15, 2010 847 Views 0 comment Print

The Securities and Exchange Board of India (SEBI) on Thursday sought detailed information from foreign institutional investors (FIIs) on their holding structures and account holders, a move apparently aimed at curbing round-tripping or routing of Indian money back into the country through overseas entities in order to avoid paying taxes. Sebi had banned two prominent FIIs for refusing to share information on some client dealings with the Sebi last year.

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