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Notifications/Circulars

Notification No. 177/2009-Customs Duty (N.T.), Dated: 11.12.2009

December 11, 2009 430 Views 0 comment Print

The principle Notification was published in the Gazette of India vide notification no. 12/97-Customs (N.T.), dated the 2nd April, 1997, [G.S.R. No. 193(E) dated the 2nd April, 1997] and was last amended by notification no. 23/2009-Customs (N.T.), dated the 27th February, 2009 [G.S.R. No. 139 (E), dated the 27th February, 2009].

Inclusion of After Sale Service and Pre-delivery Inspection Charges in the assessable value

December 11, 2009 2798 Views 0 comment Print

Since these services are provided free by the dealer on behalf of the assessee, the cost towards this is included in the dealer’s margin (or reimbursed to him). This is one of the considerations for sale of the goods (motor vehicles, consumer items etc.) to the dealer and will therefore be governed by Rule 6 of the Valuation Rules on the same grounds as indicated in respect of Advertisement and Publicity charges. That is, in such cases the after sales service charges and PDI charges will be included in the assessable value.

Amends notification No. 20/2006-Customs Duty, dated 1st March, 2006

December 11, 2009 583 Views 0 comment Print

The principal notification No. 20/2006-Customs, dated the 1st March, 2006 was published in the Gazette of India, Extraordinary, vide number G.S.R. 92(E), dated the 1st March, 2006 and was last amended by notification No. 130/2009-Customs, dated the 3rd December, 2009 which was published in the Gazette of India, Extraordinary, vide number G.S.R. 859(E), dated the 3rd December, 2009.

Amends notification No. 69/2004-Customs Duty, Dated: 09.07.2004

December 11, 2009 892 Views 0 comment Print

55. All goods falling under heading 9801 covered under S. No. 400A of the Table annexed to the notification No. 21/2002-Customs, dated 1st March, 2002, published in the Gazette of India vide number G.S.R. 118 (E) dated 1st March, 2002

Amends notification No.21/2002-Customs Duty, Dated the 1st March, 2002

December 11, 2009 586 Views 0 comment Print

The principal notification No. 21/2002- Customs, dated the 1st March, 2002, was published in the Gazette of India, Extraordinary vide number G.S.R. 118 (E), dated the 1st March, 2002 and was last amended vide notification No. 126/2009- Customs, dated the 27th November, 2009, which was published in the Gazette of India, Extraordinary vide number G.S.R. 849(E), dated the 27th November, 2009.

SEBI asked asset management companies not to compel investors to get NOC for shifting of investment

December 11, 2009 955 Views 0 comment Print

The Securities and Exchange Board of India (SEBI) has asked asset management companies (AMCs) not to compel investors to get no-objection certificates (NoCs) from their existing distributors for shifting their investments.

KYC Norms, AML Standards and Combating of Financing of Terrorism

December 10, 2009 697 Views 0 comment Print

Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT). Please refer to our letter RPCD.CO.RRB.No.5451/03.05.28-A/2009-10 dated November 16, 2009 on risks arising from the deficiencies in AML/CFT regime of Iran,Uzbekistan, Pakistan, Turkmenistan, Sao Tome and Principe.

Notification No. 136/2009-Custom Duty, Dated: 09.12.2009

December 9, 2009 613 Views 0 comment Print

For the purposes of this notification, “rate of exchange” applicable for the purposes of calculation of anti-dumping duty shall be the rate which is specified in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962 (52 of 1962) and the relevant date for determination of the rate of exchange shall be the date of presentation of the bill of entry under section 46 of the said Customs Act.

Anti dumping duty on Cathode Ray Colour Television Picture Tubes

December 9, 2009 856 Views 0 comment Print

Whereas, in the matter of import of Cathode Ray Colour Television Picture Tubes (hereinafter referred to as the subject goods), falling under sub-heading 8540 11 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in or exported from, Indonesia (hereinafter referred to as the subject country), the designated authority, in its preliminary findings vide notification No. 14/15/2008-DGAD, dated the 30th December, 2008, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 30th December, 2008, has come to the conclusion that–

Notification No. 134/2009 Custom Duty, Dated: 09.12.2009

December 9, 2009 442 Views 0 comment Print

The Principal notification No. 117/2004-Customs, dated the 30th December, 2004, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 844(E), dated the 30th December, 2004.

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