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Notifications/Circulars

Customs Notification No 23/2010 (NT), Appointing Common Adjudicating Authority in the case of M/s Metro Impex

March 22, 2010 490 Views 0 comment Print

for the purpose of adjudicating the matters relating to show cause notice pertaining to M/s Metro Impex, New Delhi and others, issued vide, DRI F.No. 23/48/2006-DZU, dated the 25th March, 2008, by the Additional Director General, Directorate General of Revenue Intelligence, Delhi Zonal Unit, New Delhi.

Customs Notification No 22/2010 (NT), Appointing Common Adjudicating Authority in the case of M/s Liberty Industries

March 22, 2010 436 Views 0 comment Print

common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on the Additional / Joint Commissioner of Customs, Inland Container Depot, Tughlakabad, New Delhi for the purpose of adjudicating the matters relating to show cause notice pertaining to M/s Liberty Industries, 198, 1st Phase, Model Town, Bhatinda, issued vide, DRI F.No. 856(22) LDH/2006/Pt-VII/35-38, dated the 4th January, 2010, by the Additional Director, Directorate General of Revenue Intelligence, Ludhiana Regional Unit, Ludhiana.

Customs Notification No 21/2010 (NT), Appointing Common Adjudicating Authority in the case of M/s. Bhambri Printing Press

March 22, 2010 703 Views 0 comment Print

Notification No. 21 / 2010-Customs (N.T.), for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s. Bhambri Printing Press, A-18/2, Naraina Industrial Area, Phase-II, New Delhi and others, issued vide, DRI F.No. 23/20/2007-DZU/Pt.III/1444-1475, dated 25th February, 2009, by the Additional Director General, Directorate of Revenue Intelligence, Delhi Zonal Unit, New Delhi.

Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2009-10)

March 22, 2010 478 Views 0 comment Print

With a view to facilitating accounting of all the Government transactions of the current financial year (2009-10) by March 31, 2010 and meeting the probable rush of tax-payers towards the end of the year, it has been decided, in consultation with Controller General of Accounts, Government of India, to take the following special measures relating to Government transactions:

SEBI (Credit Rating Agencies)(Amendment) Regulations, 2010

March 19, 2010 640 Views 0 comment Print

In exercise of the powers conferred by section 30 read with section 11 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999, namely

Maharashtra VAT notification enhancing Basic Tax Rate

March 19, 2010 7740 Views 0 comment Print

Further, the State Government has issued a corrigendum to the above notification and a circular to clarify that fabrics and sugar, as described in the First Schedule to the Additional Duties of Excise (Goods of Special Importance) Act, 1957, which were not chargeable to tax prior to the issuance of the subject notification, will continue to remain tax free.

Custom duty circular on Rebate under Rule 18 on clearances made to SEZs

March 19, 2010 1366 Views 0 comment Print

rebate under Rule 18 is admissible when the supplies are made from DTA to SEZ. The Circular also lays down the procedure and the documentation for effecting supply of goods from DTA to SEZ, by modifying the procedure for normal export. Clearance of duty free material for authorised operation in the SEZ is admissible under Section 26 of the SEZ Act, 2005 and procedure under Rule 18 or Rule 19 of the Central Excise Rules is followed to give effect to this provision of the SEZ Act, as envisaged under Rule 30 of the SEZ Rules, 2006.

Liquidity Adjustment Facility – Repo And Reverse Repo Rates increased by 0.25 percent

March 19, 2010 607 Views 0 comment Print

As a part of the calibrated exit strategy initiated in the Second Quarter Review in October 2009 and carried forward in the Third Quarter Review in January 2010, the Reserve Bank of India has decided to raise the repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 4.75 per cent to 5.00 per cent and the reverse repo rate under the LAF by 25 basis points from 3.25 per cent to 3.50 per cent with immediate effect.

Central Sales Tax (Registration and Turnover) Amendment Rules, 2010 – Amendment in Rule 13

March 19, 2010 1095 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of Section 13 of the Central Sales Tax Act, 1956 (74 of 1956), the Central Government hereby makes the following further amendments in the Central Sales Tax (Registration and Turnover) Rules, 1957, namely: –

Notification imposing Anti-Dumping duty on export made to India by M/s. Kodak (China PR) Graphic Communications Company Ltd.

March 19, 2010 445 Views 0 comment Print

NOTIFICATION No. 35/2010-CUSTOMS-M/s. Kodak (China PR) Graphic Communications Company Ltd., (Producer / Exporter from China PR) has requested for review in terms of rule 22 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 in respect of exports made by them, and the designated authority, vide new shipper review notification No. 15/13/2009-DGAD dated the 8th January, 2010, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 8th January, 2010, has recommended provisional assessment of all exports of the subject goods made by the said M/s. Kodak (China PR) Graphic Communications Company Ltd., (Producer / Exporter from China PR) till the completion of the review;

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