TPS scheme Cap of 100% is to be seen with respect to the pre-merger eligible export turnover of the eligible pre-merged company / firm in the relevant base year; and not from the total of all such merged eligible export turnover.
In the said notification, in the Table, against S.No. 1 to 248, for the entries in column (5), the entry ‘Nil’ shall be substituted at all the places.This notification shall come into force with effect from the 1st day of January, 2008.
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 amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue).
Whereas, on the basis of the aforesaid findings of the designated authority, the Central Government had imposed provisional anti-dumping duty on the subject goods vide notification of the Government of India, Ministry of Finance (Department of Revenue), No. 51/2007-CUSTOMS, dated the 29th March, 2007, published in Part II, Section 3, Sub-section (i) of the Gazette of India, Extraordinary, vide number G.S.R. 260(E), dated the 29th March, 2007.
The principal notification was published in the Gazette of India, Extraordinary, vide number G.S.R. 118(E), dated the 1st March, 2002 and was last amended by notification No.122/2007-Customs, dated the 26th December, 2007 which was published in the Gazette of India, Extraordinary vide number G.S.R.788(E), dated the 26th December, 2007.
Notification No. 292 – Income Tax The President of India is pleased to give his assent to the constitution of the Directorate of Income Tax, Human Resource Development (HRD), Central Board of Direct Taxes, Department of Revenue, Ministry of Finance, with immediate effect
Import of Sandal Wood under Exim Code No. 44039922 will be restricted and subject to a ceiling of 5,000 cum in each licensing year. Imports will be permitted only against an Import License issued by the Directorate General of Foreign Trade. The Import License shall be issued in consultation with the Ministry of Environment and Forest. The ceiling of Sandal Wood for each financial year will be monitored by the Ministry of Environment and Forest to ensure that it is not exceeded.
A foreign institutional investor or sub-account may lend or borrow securities in accordance with the framework specified by the Board in this regard.
NABARD Rural Bonds of National Bank for Agriculture and Rural Development (NABARD) have been notified. The notification will take effect from the 1st April, 2008 and will, accordingly, apply in relation to the assessment year 2008-2009 and subsequent years .
Notification No. 45/2007 – Service Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994, namely :-
