Notification & Circulars

Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2007

Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2007 NOTIFICATION NO. G.S.R. 13(E), DATED 9-10-2007 In exercise of the powers conferred by clause (a) of sub-section (3) of section 6 and sub-section (2) of section 47 of the Foreign Exchange..

Posted in Community & General

Compulsory scrutiny of returns involving refund of Rs. 5 lakhs or above - problem in selection INSTRUCTION NO. 1/2008, DATED 9-1-2008

Compulsory scrutiny of returns involving refund of Rs. 5 lakhs or above - problem in selection INSTRUCTION NO. 1/2008, DATED 9-1-2008 Kindly refer to above. 2. Your attention is drawn to the guidelines for selection of cases under scrutiny for the F. Y. 2007-08 under which claim of refu..

Posted in Income Tax

Amendment In The Central Excise Rules, 2002

Amendment In The Central Excise Rules, 2002 NOTIFICATION NO 7/2008-Central Excise (N.T.) , Dated : January 25, 2008 In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby makes the following rules further to amend the Central E..

Posted in Excise

Determination Of Rate Of Exchange Of Foreign Currency

Determination Of Rate Of Exchange Of Foreign Currency NOTIFICATION NO 5/2008 - Cus.,(N.T.), Dated: January 28, 2008 In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Mi..

Posted in Custom

Removal of Initial issue expenses

No to Initial issue expenses CIRCULAR NO. SEBI/IMD/CIR NO. 11/115723/08, DATED 31-1-2008 Currently close-ended schemes are permitted to charge initial issue expenses and not charge entry load. In order to bring in more transparency and clarity to the investors in terms of the expen..

Posted in Investments & Personal Finance

Prohibition on export of non-basmati rice

Prohibition on export of non-basmati rice NOTIFICATION NO 73 (RE-2007)/2004-2009, Dated: January 24, 2008 Prohibition on export of non-basmati rice - exports to Madagascar, Comoros and Mauritius In exercise of the powers conferred by Section 5 and Section 3(2) of the Foreign Trade (Devel..

Posted in Community & General

Cold Storage and 194C

CIRCULAR NO. 1/2008, DATED 10-1-2008 Representations have been received from various quarters regarding applicability of the provisions of Section 194-I to cooling charges paid by the various customers to the owners of cold storages. It has been represented that the cold storage owner..

Posted in Community & General

NOTIFICATION NO. 46/2008 - SERVICE TAX, DATED 18-1-2008

Section 86(1A) of Finance Act, 1994 –Amendment in Notification No. 18/2007 – Service Tax, Dated 12-5-2007 NOTIFICATION NO. 46/2008 - SERVICE TAX, DATED 18-1-2008 In exercise of the powers conferred by sub-section (1A) of section 86 of Finance Act, 1994 (32 of 1994), the Central Boa..

Posted in Service Tax

Notification No. 7/2008 Dated 15-1-2008

INCOME FROM CW GAMES IS THE SPECIFIED INCOME NOTIFICATION NO. 7/2008, DATED 15-1-2008 In exercise of the powers conferred by clause (39) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies, (a) ..

Posted in Income Tax

GOI Notification –Sale (Reissue) of 6.57 % Government Stock’11

GOI Notification –Sale (Reissue) of 6.57 % Government Stock’11 GOVERNMENT OF INDIAMINISTRY OF FINANCE(Department of Economic Affairs)(Budget Division) New Delhi, January 18, 2008 NOTIFICATION Auction for Sale (Re-issue) of ’6.57 per cent Government Stock, 2011’Und..

Posted in Investments & Personal Finance