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Notifications

Section 10(10)(iii) – Gratuity exemption limit raised to Rs.10 lakhs

June 11, 2010 12460 Views 21 comments Print

Notification No. 43/2010-Income Tax In exercise of the powers conferred by sub-clause (iii) of clause (10) of section 10 of the Income-tax Act, 1961 (43 of 1961), and in supersession of Ministry of Finance, Department of Revenue, notification no. S.O. 287 dated the 20th January, 1999 the Central Government, having regard to the maximum amount of any gratuity payable to its employees, hereby specifies ten lakh rupees as the limit for the purpose of the said sub-clause in relation to the employees who retire or become incapacitated prior to such retirement or die on or after the 24th day of May, 2010 or whose employment is terminated on or after the said date.

Section 4 of the Special Economic Zones Act, 2005 – Establishment of Special Economic Zone and approval and authorization to operate to, Developer –Setting up of a Sector Specific SEZ by Ansal Kamdhenu Engineering SEZ Limited for engineering sector at Sonepat on NH-1, Haryana – Amendment in Notification No. S.O. 1626(E), dated 7-7-2008

June 10, 2010 450 Views 0 comment Print

The Central Government, in exercise of the powers conferred by sub-section (1) of Section 4 of the Special Economic Zones Act, 2005 (28 of 2005) and in pursuance of rule 8 of the Special Economic Zones Rules, 2006, hereby makes the following amendment in the notification of the Ministry of Commerce and Industry, Department of Commerce, number S.O. 1626(E) dated 7th July, 2008 with respect to sector specific Special Economic Zone for engineering sector by M/s. Ansal Kamdhenu Engineering SEZ Limited at Village Bhagan, Tchsil-Ganaur (Sonepat) and village Kurar Ibrahimpur, Tchsil-Sonepat on NH-1, Haryana,

Section 4 of the Special Economic Zones Act, 2005 – Establishment of Special Economic Zone and approval and authorization to operate to, Developer –Setting up of a Sector Specific SEZ by Navi Mumbai SEZ Pvt. Ltd. for IT & IT enabled services at Raigad District in the State of Maharashtra – Amendment in Notification No. S.O. 666(E), dated 12-3-2009

June 9, 2010 231 Views 0 comment Print

approval committee for the sector specific Special Economic Zone for information technology and information technology enabled services-C at Village Ulwe, Taluka Panvel, District Raigad in the State of Maharashtra by M/s. Navi Mumbai SEZ Private Limited

Custom Notification No 67/2010-Amends Notification No. 96/2008-Customs, dated the 13th August, 2008

June 8, 2010 1033 Views 0 comment Print

Notification No. 67/2010-Customs,- Central Government makes further amendments in the notification No. 96/2008-Customs . In the said notification,- (a) in the opening paragraph, in clause (i) for the figures and words “80 per cent”, the figures and words “60 per cent” shall be substituted. (b) in Appendix I, in the Table, in column (4),- (i) for the entry “2%”, wherever it occurs, the entry “4%” shall be substituted;

Notification No. G.S.R.475(E), dated 7-6-2010

June 7, 2010 418 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of Section 621 of the Companies Act, 1956 (1 of 1956), the Central Government hereby authorize the following officers in the Serious Fraud Investigation Office, Ministry of Corporate Affairs, for the purposes of filing and conducting prosecution under the Companies Act, 1956.

Exposure Draft on Guidelines on Distance Marketing and Sale Process Verification of Insurance Products

June 4, 2010 361 Views 0 comment Print

The Authority proposes to come out with the Guidelines on Distance Marketing and Sale of Insurance Products to streamline the manner of sale of insurance products and to address some of the issues which are specific to protection of interests of policyholders buying insurance over distance modes such as telephone and the internet.

Notification No. 27/2010 – Central Excise, Dated: 04.06.2010

June 4, 2010 402 Views 0 comment Print

the goods are used in the manufacture of Ballistic grade aramid fabric required for the manufacture of bullet proof jackets for supply to the armed forces of the Union under the Ministry of Defence or the Police Forces of the States or the Union- territories;

Custom Notification 66/2010 – Customs, dated 01-06-2010 – Amends Notification No.39/96-Customs, dated the 23rd July, 1996

June 4, 2010 329 Views 0 comment Print

a) the goods are imported by a manufacturer for use in the manufacture of Ballistic grade aramid fabric; (b) the procedure laid down in the Customs (Import of Goods at concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996 is followed while importing the goods;and

Notification No. G.S.R. 472(E), Dated: 04.06.2010

June 4, 2010 490 Views 0 comment Print

In the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 7/2010-Central Excise (Non Tariff), dated the 27th February, 2010 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 123(E), dated the 27th February, 2010, at page 60 in line 18,

Section 18A of the Central Sales Tax Act, 1956 – Appeals to highest appellate authority of state – Appointed day notified for purposes of section 18A(2)

June 2, 2010 1133 Views 0 comment Print

Notification No. G.S.R. 455(E), In exercise of the powers conferred by Explanation to sub-section (2) of Section 18A of the Central Sales Tax Act, 1956 (74 of 1956), the Central Government hereby appoints the 1st June, 2010 as the appointed day for the purposes of the said sub-section(2) of Section 18 of the said Act.

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