Appointment of Managerial Personnel and payment of Managerial Remuneration in case of Companies having no profit or inadequate profit – rationalization thereof.
The Cost Audit Report Rules, 2001, set forth by the Indian government, detail requirements for cost audits, including definitions, processes, and penalties.
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 under 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 the 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.
In exercise of the powers conferred by section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in the notification of the Government of India
In exercise of the powers conferred by sub-clause (a) of sub-section (3) of Section 14 of the Customs Act, 1962 (52 of 1962) and in supercession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.59/2001-NT-Customs, [S.O.1170(E)] dated the 26th November, 2001 the Central Government hereby determines for the purposes of said section in so far as these relate to export goods, that the rate of exchange of conversion of each of the foreign currency specified in the column (2) of Schedule I and Schedule II appended hereto into Indian Currency or vice versa shall, with effect from the 1st January, 2002.
In exercise of the powers conferred by sub-section (2) of section 20 of the Indian Stamp Act 1899 (2 of 1899) and sub-clause (i) of clause (a) of sub-section (3) of Section 14 of Customs Act, 1962 (52 of 1962) and in supercession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.58/2001-NT-Customs, [S.O.1169(E)] dated the 26th November, 2001 the Central Government hereby.
As per the information provided by both the depositories the list of scrips that have established connectivity with them as on September 30, 2001 is given in annexure ‘A’ (serial no. 01 to 3244) These scrips would be traded in the normal rolling settlement mode with effect from December 31, 2001.
Circular No.609/46/2001-CX I am directed to refer to the correspondence resting with Board’s letter. No. 13/5/96/CX.I dated 4.6.96 and 11.9.98 (Copies enclosed) on the above subject. Board have clarified that plastic tube in running length are correctly classifiable under heading 39.17. However representations have been received from the Trade that in some cases the plastic tubes cut to size for use in refills are only produced and plastic tubes in running length do not come into existence at any intermediate stage as the process is a continuous one.
In continuation of Notification No.32 (RE-2001)/1997-2002 dated the 12th October, 2001, the following additions shall be made against the Code No.0703(1) in Table B of Schedule 2 of the said ITC(HS) relating to “onions (all varieties other than Bangalore Rose onion and Krishnapuram onions)” under the column ‘ nature of restriction.
In respect of Code No. 1207 relating to Niger Seeds for export to USA in Table B of Schedule2, the name of the ‘National Dairy Development Board ( NDDB)’ appearing at S. No. 2 under Column 4 shall be substituted by ‘ Dhara Vegetable Oil and Foods Company Ltd., ( DOFCO)’ , at the same S. No. as one of the State Trading Enterprises for export of Niger Seeds to USA.
