Budget 2011- New Products under Central Excise Levy – 1.3.2011 Posted: 02 Mar 2011 07:58 PM PST
The Finance Minister as a move towards GST to be implemented by 2012 took a step in removing the exemption regime by levying duty on 130 items out of 370 where VAT is charged by the States. The items covered are mainly consumer goods. The balance... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Format of Revised Schedule VI to the Companies Act 1956 Posted: 02 Mar 2011 07:10 PM PST
Ministry of Corporate Affairs has issued a revised Schedule VI to the Companies Act, 1956. This will apply to all the companies uniformly for the financial statements to be prepared for the financial year 2010-11 and onwards. [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Explanatory notes to Amendments made by Union Budget 2011 in Excise Duty Provisions Posted: 02 Mar 2011 06:55 PM PST
The exemption from excise duty on Cashew shell liquid (CNSL) is being withdrawn and consequently it will now attract a concessional rate of 1% without CENVAT credit facility. (S. No. 6 of Notification No. 3/2006 – C.E dated 1st March, 2006, is being... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Chapter wise Explanatory Notes to amendments in Custom Duty provisions Posted: 02 Mar 2011 06:46 PM PST
As a measure of rationalization of duty structure the rates of 2% and 3% are being unified with the median rate of 2.5%. Accordingly basic customs duty on all goods currently attracting 2% has been increased to 2.5% and basic customs duty on those... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Important changes/amendment in respect of Custom Duty Posted: 02 Mar 2011 06:17 PM PST
The Finance Minister has introduced the Finance Bill, 2011 in Lok Sabha on 28th February, 2011. Changes in Customs law and rates of duty have been proposed through the Finance Bill, 2011 (clauses 35 to 58 for customs). In order to prescribe... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Important changes/amendment in respect of Service tax Posted: 02 Mar 2011 06:13 PM PST
Besides the legislative changes, a number of other changes have been made in rules and will become effective on the dates mentioned in the respective notifications. Point of Taxation Rules, 2011 have also been introduced by notification 18/2011-ST... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Important changes/amendment in respect of Central excise duty Posted: 02 Mar 2011 06:01 PM PST
The Finance Minister has introduced the Finance Bill, 2011 in Lok Sabha on 28th February, 2011. Changes in Central excise law and rates of duty have been proposed through the Finance Bill, 2011 (clauses clauses 59 to 70 for Central Excise). In order... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Sudden hike in interest rate Posted: 02 Mar 2011 09:02 AM PST
The Interest liability is amplified in all the sections of custom, excise and service tax to 18% as from earlier of 13% per annum from this budget. This is one of highest increase in the rates of interest ever. In Central Excise the notification no.... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Determination of Time & Rate in Service Tax (Point of Taxation Rules, 2011) Posted: 02 Mar 2011 08:32 AM PST
In respect to the service tax Law, the Central Government of India, as always, has come with lots of amendments and clarifications in the Budget, 2011. When a particular service will be taxed is the major aspect in the service tax law. As on date... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Branded Goods – Stitched To Excise Duty Posted: 02 Mar 2011 08:25 AM PST
Major amendments have been brought in Ready made garments and made-up articles through the budget 2011-12. These goods fall under chapter 61 of the Central Excise Tariff Act, 1985. Earlier these goods were exempted vide serial no. 16 of Notification... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Amends notification no. 20/2001 – tariff value in respect of garments extendd to articles of chapter 63 Posted: 02 Mar 2011 06:13 AM PST
Notification No. 7/2011-Central Excise (N.T.), New Delhi, the 1st March, 2011. G.S.R. (E). - In exercise of the powers conferred by sub-section (2) of section 3 of the Central Excise Act, 1944 (1 of 1944), the Central Government, hereby makes the... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Rate of Interest fixed at 18 Percent – Notification No. 06/2011-Central Excise (N.T.)-CE(NT) Posted: 02 Mar 2011 06:09 AM PST
Notification No. 6/2011-Central Excise (N.T.), New Delhi, the 1st March, 2011. G.S.R. (E).— In exercise of the powers conferred by section 11AB of the Central Excise Act, 1944 (1 of 1944 and in supersession of the notification of the Government... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Rate of Interest fixed at 18 Percent – Notification No. 05/2011-Central Excise (N.T.)-CE(NT) Posted: 02 Mar 2011 06:04 AM PST
Notification No. 5/2011-Central Excise (N.T.), New Delhi, the 1st March, 2011. G.S.R. (E).— In exercise of the powers conferred by section 11AA of the Central Excise Act, 1944 (1of 1944) and in supersession of the notification of the Government... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Central Excise (Amendment) Rules, 2011 – Amendment in view of levy of excise on ready made garments Posted: 02 Mar 2011 06:02 AM PST
Notification No. 4/2011-Central Excise (N.T.), New Delhi, the 1st March, 2011. G.S.R. (E).- 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... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Excise Duty- Amends notification no. 3/2006 – Effective Rate of Duty on goods of Chapter 1 to Chapter 25 Posted: 02 Mar 2011 05:54 AM PST
Notification No. 3 /2011-Central Excise, New Delhi, the 1st March, 2011 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Option to pay duty at 5% with cenvat credit on which exemption has been withdrawn Posted: 02 Mar 2011 05:45 AM PST
Notification No. 2/2011-Central Excise, New Delhi, the 1st March, 2011. G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
CENVAT Credit (Amendment) Rules, 2011 – Amendment in Rules 2, 3, 4, 6 and 9 Posted: 02 Mar 2011 05:38 AM PST
NOTIFICATION NO. 3/2011-CENTRAL EXCISE (N.T.), DATED 1-3-2011. In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Budget 2011- List of 130 Item on Which excise duty of one percent is payable Posted: 02 Mar 2011 05:36 AM PST
Section 5A of the Central Excise Act, 1944 – Power to grant exemption from duty of excise – Exemption to specified excisable goods. NOTIFICATION NO. 1/2011-CENTRAL EXCISE, DATED 1-3-2011 G.S.R. (E).- In exercise of the powers conferred by... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Change in timings of CS June 2011 Exams Posted: 02 Mar 2011 05:31 AM PST
Candidates Appearing In Cs Examinations Scheduled From 2nd To 9thjune, 2011 May Note The Change In Timings For Morning Session Of Examinations, Which Will Be Held From 9.00 A.M. To 12.00 Noon (Instead Of 9.30 A.M. To 12.30 P.M.) And After-Noon... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
2G scam- CEOs of 10 telcos under scanner Posted: 02 Mar 2011 05:30 AM PST
Sixty-three people, including promoters and chief executive officers of 10 telecom firms have come under its scanner in the 2G spectrum case, the CBI on Friday told the Supreme Court which expressed satisfaction over the ongoing probe. [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Budget 2011- Service Tax Amendments at a glance Posted: 02 Mar 2011 05:25 AM PST
A new sub-rule (2A) is being added in rule 3 in the Works Contract (Composition Scheme for Payment of Service Tax) Rules, 2007 vide Notification 1/2011-ST so as to restrict the Cenvat credit to 40% of the tax paid on services relating to erection,... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Garment makers' shut down to oppose excise duty Posted: 02 Mar 2011 03:14 AM PST
Ludhiana's readymade garment makers today announced shutting down of operations for a day on March 4, perturbed by the latest budget proposal, making 10 per cent excise duty on branded apparels mandatory. The garment makers have also threatened... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Increased excise duty, MAT on SEZs to hurt pharma industry Posted: 02 Mar 2011 03:05 AM PST
Leading drug makers today said that higher excise duty proposed in the Budget 2011-12 would make medicines costlier and hurt the common man. Further, pharmaceutical industry players also feared that imposition of Minimum Alternate Tax (MAT) on... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Service tax penal provisions to be used sparingly Posted: 02 Mar 2011 01:16 AM PST
Allaying fears of the industry over introduction of harsh provisions in the service tax rules, a senior Finance Ministry official has said they will be used sparingly against willful defaulters. [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Service Tax – Point of Taxation Rules, 2011 Posted: 02 Mar 2011 01:12 AM PST
NOTIFICATION NO. 18/2011 - SERVICE TAX, DATED 1-3-2011- For the purposes of these rules, unless otherwise stated, 'point of taxation' shall be determined in the following manner, namely:-(a) a provision of service shall be treated as having taken... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Service Tax – General Exemptions – Special Economic Zone – Suppression of Notification No. 9/2009-ST, dated 3-3-2009 Posted: 02 Mar 2011 01:11 AM PST
NOTIFICATION NO. 17/2011-SERVICE TAX, DATED 1-3-2011. In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act) read with sub-section (3) of section 95 of... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Transportation of coastal goods and goods transported through National Waterways and inland water – Abatement provisions – Amendment in Notification No. 1/2006-ST, dated 1-3-2006 Posted: 02 Mar 2011 01:09 AM PST
NOTIFICATION NO. 16/2011 - SERVICE TAX, DATED 1-3-2011. In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, on being satisfied that it is necessary in the public... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Service Tax – Interest payable – Notified rate of interest under section 73B – Amendment in Notification No. 8/2006-ST, dated 19-4-2006 Posted: 02 Mar 2011 01:07 AM PST
NOTIFICATION NO. 15/2011 - SERVICE TAX, DATED 1-3-2011. In exercise of the powers conferred by section 73B of the Finance Act, 1994 (32 of 1994), the Central Government, hereby makes the following amendment in the notification of the Government of... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Service Tax – Interest payable – Notified rate of interest under section 75 – Amendment in Notification No. 26/2004-ST, dated 10-9-2004 Posted: 02 Mar 2011 01:06 AM PST
Service Tax : Interest payable – Notified rate of interest under section 75 – Amendment in Notification No. 26/2004-ST, dated 10-9-2004 NOTIFICATION NO. 14/2011-SERVICE TAX, DATED 1-3-2011 In exercise of the powers conferred by section... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Taxation of Services (Provided from Outside India and Received in India) Amendment Rules, 2011 – Amendment in rule 3 Posted: 02 Mar 2011 01:04 AM PST
NOTIFICATION NO. 13/2011 - SERVICE TAX, DATED 1-3-2011. In exercise of the powers conferred by sections 93 and 94 read with section 66A of the Finance Act, 1994 (32 of 1994), the Central Government, hereby makes the following rules further to amend... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Service Tax – Export of Services (Amendment) Rules, 2011 – Amendment in rule 3 Posted: 02 Mar 2011 01:03 AM PST
NOTIFICATION NO. 12/2011 - SERVICE TAX, DATED 1-3-2011. In exercise of the powers conferred by sections 93 and 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Export of Services... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Works contract service – Exemption to works contract provided wholly within a port or other port for construction, repair, alteration and renovation of wharves, quays, docks, etc. Posted: 02 Mar 2011 01:02 AM PST
NOTIFICATION NO. 11/2011-SERVICE TAX, DATED 1-3-2011. In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act), the Central Government, on being satisfied... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Service Tax – Section 65(105)(zzzza) of the Finance Act, 1994 – Works contract service – Exemption to works contract provided wholly within an airport Posted: 02 Mar 2011 01:00 AM PST
NOTIFICATION NO. 10/2011 - SERVICE TAX, DATED 1-3-2011.In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act), the Central Government, on being... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Service Tax – Section 65(105)(zzn) of the Finance Act, 1994 – Transport of goods by air service – Parcel exemption Posted: 02 Mar 2011 12:59 AM PST
NOTIFICATION NO. 9/2011 - SERVICE TAX, DATED 1-3-2011. In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act (hereinafter referred to as the Finance Act), 1994 (32 of 1994), the Central Government, on being... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Transport of goods by air service/road service/rail service – Exemption to services, as specified in section 65(105)(zzzp)/(zzp) and (zzn), provided to a person located in India when goods are transported from outside India to a final destination outside India Posted: 02 Mar 2011 12:57 AM PST
NOTIFICATION NO. 8/2011 - SERVICE TAX, DATED 1-3-2011. In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act), the Central Government, on being... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
General Insurance Service – Service tax exemption to insurer providing insurance under a specified scheme Posted: 02 Mar 2011 12:56 AM PST
NOTIFICATION NO. 7/2011 - SERVICE TAX, DATED 1-3-2011. Service Tax : Section 65(105)(d) of the Finance Act, 1994 - General Insurance Service - Service tax exemption to insurer providing insurance under a specified scheme [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Service tax exemption to works contract provided for construction of new residential complex, etc., under specified scheme Posted: 02 Mar 2011 12:55 AM PST
NOTIFICATION NO. 6/2011 - SERVICE TAX, DATED 1-3-2011. Service Tax : Section 65(105)(zzzza) of the Finance Act, 1994 - Works contract service - Service tax exemption to works contract provided for construction of new residential complex, etc., under... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Business Exhibition Services – Exemption to services rendered to exhibitor participating in an exhibition held outside India Posted: 02 Mar 2011 12:53 AM PST
NOTIFICATION NO. 5/2011 - SERVICE TAX, DATED 1-3-2011. Service Tax : Section 65(105)(zzo) of the Finance Act, 1994 - Business Exhibition Services - Exemption to services rendered to exhibitor participating in an exhibition held outside India [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Notification for Revised rate of service Tax on Air Fare Posted: 02 Mar 2011 12:50 AM PST
Service Tax : Section 65(zzzo) of the Finance Act, 1994 - Transport of passengers by air - Exemption from Service Tax to passengers travelling in economy class within India and to passengers embarking in India for an international journey in economy... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Service Tax (Amendment) Rules, 2011 – Amendment in rules 4A, 5A and 6 Posted: 02 Mar 2011 12:47 AM PST
NOTIFICATION NO. 3/2011 - SERVICE TAX, DATED 1-3-2011. In exercise of the powers conferred by sub-section (1) read with sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act), the Central... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Service Tax (Determination of Value) Amendment Rules, 2011 – Insertion of rule 2B Posted: 02 Mar 2011 12:46 AM PST
NOTIFICATION NO. 2/2011 - SERVICE TAX, DATED 1-3-2011. In exercise of the powers conferred by clause (aa) of sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Service Tax- Works Contract (Composition Scheme for Payment of Service Tax) Amendment Rules, 2011 – Amendment in rule 3 Posted: 02 Mar 2011 12:43 AM PST
NOTIFICATION NO. 1/2011 - SERVICE TAX, DATED 1-3-2011. In exercise of the powers conferred by sections 93 and 94 of the Finance Act, 1994 (32 of 1994), the Central Government, on being satisfied that it is necessary in the public interest so to do,... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Custom Duty- Rate of interest fixed at 18 Percent – Notification No. 18/2011-Customs (N.T.)-Cus(NT) Posted: 02 Mar 2011 12:40 AM PST
Notification No. 18/2011-Customs (N.T), New Delhi, the 1st March, 2011. G.S.R. (E).— In exercise of the powers conferred by section 28AB of the Customs Act, 1962(52 of 1962) and in supersession of the notification of the Government of India in the... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Custom Duty- Rate of interest fixed at 18%amp;- Notification No. 17/2011-Customs (N.T.)-Cus(NT) Posted: 02 Mar 2011 12:37 AM PST
Notification No. 17/2011-Customs (N.T), New Delhi, the 1st March, 2011. G.S.R. (E).— In exercise of the powers conferred by section 28AA of the Customs Act, 1962(52 of 1962) and in supersession of the notification of the Government of India in the... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Custom Duty Notification Prohibits import of Acetate tow and Filter Rod except use in manufacturing of specified goods Posted: 02 Mar 2011 12:35 AM PST
Notification No. 16/2011-Customs (N.T), New Delhi, the 1st March, 2011. G.S.R. (E). - In exercise of the powers conferred by section 11 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Amends Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 Posted: 02 Mar 2011 12:32 AM PST
Notification No. 15/2011-Customs (N.T), New Delhi, the 1st March, 2011. G.S.R. (F) - In exercise of the powers conferred by sub-section (6) of section 9A and subsection (2) of section 9B of the Customs Tariff Act, 1975 (51 of 1975), the Central... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Custom Duty – Effective rate of export duty on all items other than iron ores lumps, fines and pellets and de-oiled rice bran cake Posted: 02 Mar 2011 12:30 AM PST
Notification No.27/2011-Customs, New Delhi, the 1st March, 2011. G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and in supersession of notifications of the Government of India... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Custom Duty – Exempts work of art imported for exhibition in a public museum or national institution Posted: 02 Mar 2011 12:18 AM PST
Notification No. 26/2011-Customs, New Delhi, the 1st March, 2011. G.S.R. (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... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Custom Duty – Exempts of software from MRP based duty where which declaration of retail sale price is not required, under the provisions of The Legal Metrology Act, 2009 Posted: 02 Mar 2011 12:16 AM PST
Notification No.25/2011-Customs, New Delhi, the 1st March, 2011. G.S.R. (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... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Exempts copper concentrates falling under the tariff item 2603 00 00 equivalent to the duty of customs leviable on the value of gold and silver contained in such copper concentrate Posted: 02 Mar 2011 12:10 AM PST
Notification No.24/2011-Customs, New Delhi, the 1st March, 2011. G.S.R. (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... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Amends notification no. 29/2010 – Exemption from special CVD (additional duty of customs) on specified goods Posted: 02 Mar 2011 12:08 AM PST
Notification No 23/2011 – Customs, New Delhi, the 1st March, 2011. G.S.R. (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... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Custom Duty – Exempts parts, components and accessories for the manufacture of mobile handsets Posted: 02 Mar 2011 12:02 AM PST
Notification No. 22/2011-Customs, New Delhi, the 1st March,2011. Custom Duty - Exempts parts, components and accessories for the manufacture of mobile handsets; parts or components for the manufacture of battery chargers, hands-free headphones of... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Amends notification no. 21/2002 – Effective rate of customs duty on import of goods Posted: 02 Mar 2011 12:00 AM PST
Notification No. 21/2011-Customs, New Delhi, the 1st March, 2011. G.S.R. (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... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Custom Duty – Amends notification no. 20/2006 – exempt certain specified goods from special CVD leviable on imported goods Posted: 01 Mar 2011 11:56 PM PST
Notification No.20/2011-Customs, New Delhi, the 1st March, 2011. G.S.R. (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... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Custom Duty – Amends notification no. 23/2010 Posted: 01 Mar 2011 11:41 PM PST
Notification No. 19 /2011-Customs, New Delhi, the 1st March, 2011- Custom Duty - Amends notification no. 23/2010 - Exempts parts, components and accessories for the manufacture of mobile handsets; sub-parts for the manufacture of such parts and... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Custom Duty – Amends notification no. 14/2004 – Scope of water supply project explained Posted: 01 Mar 2011 11:33 PM PST
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 amendments in the... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Custom Duty – Amends notification no. 69/2004 – exemption to specified goods of various chapters from the Levy of Education Cess Posted: 01 Mar 2011 11:32 PM PST
Notification No. 17/2011-Customs, New Delhi, the 1st March, 2011. G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), read with section 91 and 94 of the Finance (No. 2) Act, 2004... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Custom Duty – Amends notification no. 45/2005 – Exemption to all goods produced or manufactured in a Special Economic Zone and brought to any other place in India in accordance with the provisions of the Foreign Trade Policy 2004-2009 Posted: 01 Mar 2011 11:27 PM PST
Notification No. 18/2011-Customs, New Delhi, the 1st March, 2011. G.S.R. … (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... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Custom Duty -Amends notification no. 22/2003 – Exemption to the specified goods, works of art, antiques, paper money, wollen apparels etc. received as gift by Indian Red Cross etc Posted: 01 Mar 2011 11:22 PM PST
Notification No. 15/2011-Customs, New Delhi, the 1st March, 2011 G.S.R. (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... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Amends notification no. 25/1999 – Nil custom duty or concessional duty on specified goods when imported into India for use in the manufacture of the finished goods Posted: 01 Mar 2011 11:20 PM PST
Notification No. 14/2011-Customs, New Delhi, the 1st March, 2011 G.S.R. (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... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Custom Duty- Amends notification no. 42/96 – scope of water supply project explained – projects for assessment under heading 9801 Posted: 01 Mar 2011 11:18 PM PST
Water Supply Project includes a water pumping station, water storage facility (reservoir) and water treatment plant for desalination, demineralization or purification of water or for carrying out any similar process or processes intended to make the... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Custom Duty- Assessment under Project Import Regulations, 1986 – Requirement of cash security in lieu of bank guarantee Posted: 01 Mar 2011 11:15 PM PST
The issue regarding furnishing of a cash security equal to 2% of the CIF value of the goods sought to be imported under Project Import has further been examined by the Board. In view of the reduction in import duty and the inordinate delay... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
2G scam- CBI questions former TRAI chairman Posted: 01 Mar 2011 11:06 PM PST
Former Telecom Regulatory Authority of India (TRAI) chairman Nripendra Misra was today questioned by the CBI in connection with the 2G spectrum allocation scam. Misra, who was also the Secretary in the Telecom Ministry, had taken over the... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Budget 2011- All about the new tax proposals Posted: 01 Mar 2011 11:05 PM PST
Senior Citizens should be a happy lot after the Budget. After meeting their long-standing demand of making 60 as the defining age of senior citizens, the finance minister has also introduced a special category -- 'very-senior' -- for citizens over... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
Sibal favours spectrum audit, asks telcos to collaborate Posted: 01 Mar 2011 08:30 PM PST
Telecom Minister Kapil Sibal] said on Tuesday he is in favour of the Comptroller and Auditor General's proposal to conduct an audit of the total available spectrum in the country with a focus on how much was allocated to private operators from 2000... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
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