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Notifications

Notification No. 71/2010-Income Tax Dated 7/9/2010

September 7, 2010 388 Views 0 comment Print

Notification No. 71/2010-Income Tax It is hereby notified for general information that the organization Auroville Foundation, Auroville, Tamil Nadu has been approved by the Central Government for the purpose of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961(said Act), read with Rules 5C and 5F of the Income-tax Rules, 1962 (said Rules), from Assessment year 2009-2010 onwards in the category of ‘Other Institution’, partly engaged in research activities subject to the following conditions, namely:-

Notification No. [SO 732(E) (File No. C.4/1/2010-SEZ)]-Income Tax Dated 7-9-2010

September 7, 2010 379 Views 0 comment Print

Notification No. [SO 732(E) (File No. C.4/1/2010-SEZ)]-Income Tax In exercise of the powers conferred by section 55 of the Special Economic Zones Act, 2005 (28 of 2005), the Central Government hereby makes the following rules further to amend the Special Economic Zones Rules, 2006, namely :— 1.(1) These rules may be called the Special Economic Zones (Third Amendment) Rules, 2010.

Submission of data to Credit Information Companies

September 6, 2010 1437 Views 0 comment Print

We advise that apart from Credit Information Bureau of India Ltd., (existing credit information company in operation since January 2001), the Reserve Bank of India has issued certificate of registration to Experian Credit Information Company of India Pvt. Ltd. and Equifax Credit Information Services Pvt. Ltd. on February 17, 2010 and March 26, 2010 respectively to commence the business of credit information. The addresses and other details of the companies are given below

Union Budget – 2010-11 – Interest Subvention Scheme – 1.5 per cent interest subvention and 2 per cent additional subvention for short-term crop loans in 2010-11

September 6, 2010 357 Views 0 comment Print

In respect of the 2% additional subvention, banks may submit their one-time consolidated claims pertaining to the disbursements made during the entire year 2010-11, latest by April 30, 2012, duly audited by Statutory Auditors certifying the correctness.

Amends Notification No. 21/2002-Customs, dated the 1st March, 2002 – Exemption and effective rate of basic and additional duty for specified goods of Chapter 1 to 99

September 6, 2010 682 Views 0 comment Print

G.S.R. 730(E).- 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 amendments in the notification of the Government of India in the Minis

Notification No. 70/2010-Income Tax Dated 3/9/2010

September 3, 2010 1094 Views 0 comment Print

Notification No. 70/2010-Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961) the Central Board of Direct Taxes hereby makes the following amendments to the notification of the Government of India, in the Ministry of Finance (Department of Revenue), (Central Board of Direct Taxes) number S.O. 881(E), dated the 14th September, 2001

Regarding exemption to imported raw hides and skins and semi-processed leathers from customs duty

September 1, 2010 295 Views 0 comment Print

G.S.R. 717 (E).- 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 exempts imported raw hides and skins and semi-processed leathers falling u

Uniformity in penal interest payable by banks for delays in credit / return of NEFT / NECS / ECS transactions

September 1, 2010 895 Views 0 comment Print

During the NEFT operating hours, originating banks should endeavour to put through the requests for NEFT transactions received by them, either online or across the counters, preferably in the next available batch but, in any case, not exceeding two hours from the time of receipt of the requests. In the likelihood of any delay / possible delay in adhering to this requirement, the originators / customers should be informed of the delay / possible delay and the reasons for the same.”

Amends Notification Nos. 91/2009-Customs, 94/2009-Customs and 99/2009-Customs all dated 11-09-2009 – Exempts materials imported into India against a Duty Free Import Authorisation issued in terms of Foreign Trade Policy

September 1, 2010 4102 Views 0 comment Print

G.S.R. 723 (E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table below, shall be amended or further amended, as the case m

Exemption for import of goods for Commonwealth Games 2010

August 31, 2010 426 Views 0 comment Print

NOTIFICATION NO. 05(RE-2010)/2009-2014- Arms and Ammunition of the following description:a) Rifles- .22 Calibres (should have at least an outside barrel diameter of 10 mm.) b) Pistols – .22 and .32 Calibres (barrels should be measured from the Breach point) c) Air Rifles/Pistols – 4.5 mm /0.177 Calibers d) Shot Guns – 12 bore (should be “Ventilated Rib” and “Single Sighting Planes”)

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