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

September 3, 2010 1298 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 427 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 1183 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 4423 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 645 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”)

Section 29B of the Industries (Development and Regulation) Act, 1951 – Power to exempt in special cases – List of items reserved for exclusive manufacture in small scale sector notified vide Notification No. S.O. 477(E) – Amendment in Notification No. S.O. 477(E), dated 25-7-1991

August 30, 2010 3398 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 29B of the Industries (Development and Regulation) Act, 1951 (65 of 1951), the Central Government, after considering the recommendations made to it by the Advisory Committee, hereby directs that the following further amendment shall be made in the notification of the Government of India in the erstwhile Ministry of Industry (Department of Industrial Development) number S.O. 477(E), dated 25 July, 1991,

CUSTOMS Notification No 85/2010, 30-08-2010, Regarding continuation of anti-dumping on imports of Acrylic Fibre originating in, or exported from, the Japan and Belarus

August 30, 2010 2335 Views 0 comment Print

Whereas, the designated authority, vide its notification No. 15/34/2008-DGAD, dated 6th July, 2009 published in Part I, Section 1 of the Gazette of India, Extraordinary, dated the 7th July, 2009, had initiated sunset review in the matter of continuation of anti-dumping on imports of Acrylic Fibre

Notification No. 04(RE-2010)/2009-2014, Dated: 30.08.2010

August 30, 2010 547 Views 0 comment Print

With immediate effect, following para shall be added at the end of para 2 below Sl. No. 2.10 of Notification No. 56 /2009-2014 dated 06.08.2010:-The above quantity of 2 lakh tones of wheat to Bangladesh will be exported by the PSUs of Department of Commerce viz. M/s. STC and M/s. PEC Ltd. as follows:

Prohibition on export of Non-basmati Rice-exemption for export to Bangladesh

August 30, 2010 445 Views 0 comment Print

The PSUs would lift the quantities of rice from the Central Pool and export on CIF basis as requested by the Government of Bangladesh. This would entail additional costs on account of freight, insurance etc. which will be borne by the Government of Bangladesh.

Exemption for import of goods by the Organising Committee of Commonwealth Games 2010

August 27, 2010 676 Views 0 comment Print

n 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, 2009-2014, the Central Government hereby grants the exemption from DGFT import authorization, required in terms of para 2.7 of FTP, for import of following goods,

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