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Notifications/Circulars

Removal of Goods from SEZ to DTA units & payment of Duties

July 4, 2009 72609 Views 9 comments Print

Removal of Capital Goods from SEZ to DTA- – Capital goods can be removed from SEZ to DTA on depreciated value for the purpose of payment of duty. Where the capital goods acquired on or before commencement of production, depreciation will be calculated from date of commencement

Notification No. 116 (RE-2008)/2004-2009, Dated: 03.07.2009

July 3, 2009 373 Views 0 comment Print

The quantity of wheat products to be exported as mentioned in Para 2 above shall be monitored on a fortnightly basis both by the Customs Department as well as by DGCI&S, through fortnightly reports to be sent to the Department of Commerce / DGFT as well as to the Department of Food & Public Distribution.

Notification No. 115 (RE-2009)/2004-2009, Dated: 03.07.2009

July 3, 2009 328 Views 0 comment Print

In exercise of the powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) and also read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby makes, with immediate effect.

SEBI : Firm commitment requirement for registration as Foreign Venture Capital Investors

July 3, 2009 568 Views 0 comment Print

The SEBI (Venture Capital Funds) Regulations, 1996 (VCF Regulations) lay down conditions for “minimum investment in a venture capital fund” under Regulation 11 of VCF Regulations.

Procedure for representation before BIFR and AAIFR

July 2, 2009 4360 Views 0 comment Print

CIRCULAR NO. 5/2009 In supersession to all circulars and instructions of the Central Board of Direct Taxes (CBDT) issued on the above subject, the CBDT prescribes the following procedure to be followed before the Board for Industrial and Financial reconstruction (BIFR) and the Appellate Authority for Industrial and Financial Reconstruction (AAIFR) in respect of granting Income tax reliefs/concessions to be given to sick companies for its rehabilitation under the Sick Industrial Companies (SICA) Act, 1985.

Mvat Notification for Adding Entries to Medical Devices Notification

July 1, 2009 1725 Views 0 comment Print

Mantralaya, Mumbai 400 032, dated the 29th June 2009. NOTIFICATION Maharashtra Value Added Tax Act, 2002. No. VAT- 1509/CR-.81- C/Taxation- 1 — In exercise of the powers conferred by sub-entry (8) of entry 107 of SCHEDULE ‘C’ appended to the Maharashtra Value Added Tax Act, 2002 (Mah IX of 2005) the Government of Maharashtra hereby amends […]

No MVAT on Sales by a registered dealer to the Department of Space ,of goods used in Satellite Launch System

July 1, 2009 865 Views 0 comment Print

FINANCE DEPALRTMENT Mantralaya, Mumbai 400 032, dated the 29th June 2009 ORDER Maharashtra Value Added Tax Act, 2002. No.VAT-1509/ CR-81-A/Taxation -1. -In exercise of the powers conferred by sub-section (5) of section 8 of the Maharashtra Value Added Tax Act. 2002 (Mah. IX of 2005), the Government of Maharashtra hereby amends with effect from the 1st July […]

Clarification regarding deduction under section 80-IB(10) in respect of undertakings developing building and housing projects

July 1, 2009 2396 Views 0 comment Print

Instruction No. 4/2009, dated 30-6-2009 Under sub-section (10) of section 80-IB an undertaking developing and building housing projects is allowed a deduction of 100% of its profits derived from such projects if it commenced the project on or after 1.10.1998 and completes the construction within four years from the financial year in which the housing […]

Amends Notification No. 36/2001-Custom Duty (N.T.), Dated: 03.08.2001

June 30, 2009 373 Views 0 comment Print

The Principal notification was published in the Gazette of India, Extraordinary, vide Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001 (S. O. 748 (E), dated, the 3rd August, 2001) and was last amended vide Notification No. 66/2009-Customs (N.T.), dated, the 15th June, 2009 (S. O. 1455 (E) dated 15th June, 2009).

Notification No. 77/2009-Customs Duty (N.T.), Dated: 30.06.2009

June 30, 2009 451 Views 0 comment Print

for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s. SMS Distribution Private Limited, 320, Navrang House, 21 K G Marg, Cannaught Place, New Delhi and others issued vide, F.No. DRI/23/52/2008-DZU dated 22nd January, 2009 by the Additional Director General, Directorate of Revenue Intelligence, Delhi Zonal Unit, New Delhi.

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