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Your final destination -Indian tax law, Rules,acts ,notification, circular of customs, excise , vat ,fema, dgft, cbdt,cbec,case law of cestat,itat ,high court and supreme court
Your final destination -Indian tax law, Rules,acts ,notification, circular of customs, excise , vat ,fema, dgft, cbdt,cbec,case law of cestat,itat ,high court and supreme courtYour final destination -Indian tax law, Rules,acts ,notification, circular of customs, excise , vat ,fema, dgft, cbdt,cbec,case law of cestat,itat ,high court and supreme court
CBEC CIRCULAR NO- 891 - Exemption is not available to ‘pipe fittings’ used in the pipe network for supply of drinking water. | FEMA CIRCULAR NO - 01 - Exim Bank's Line of Credit (LOC) of USD 20 million to Myanma Foreign Trade Bank, Myanmar | CUSTOM NOTIFICATION NO - 77NT - Appoints the Commissioner of Customs (Export), Custom House, Chennai to act as a common adjudicating authority | CUSTOM NOTIFICATION NO - 76NT - Appoints the Commissioner of Customs (Adjudication), Delhi to act as a common adjudicating authority | CUSTOM NOTIFICATION NO - 75NT - Appoints the Commissioner of Customs (Import), Jawaharlal Nehru Port Trust, Nhava Sheva, Raigad Maharashtra to act as a common adjudicating authority | ECONOMIC SURVEY 2008-09 UPDATES - CREDIT EXPANSION MODERATES DURING 2008-09 CREDIT TO PRIORITY SECTOR, INDUSTRY & EDUCATION SHOWS ROBUST GROWTH | ECONOMIC SURVEY 2008-09 UPDATES - CALIBRATED MONETARY POLICY ESSENTIAL TO PUT ECONOMY ON HIGHER GROWTH TRAJECTORY | ECONOMIC SURVEY 2008-09 UPDATES - MUTUAL FUNDS TURN AROUND DURING 2008-09 CAPITAL MARKETS SHOW SIGNS OF REVIVAL | ECONOMIC SURVEY 2008-09 UPDATES - PHYSICAL INFRASTRUCTURE ESSENTIAL FOR SUSTAINABLE GROWTH AND OVERALL DEVELOPMENT CAPACITY CREATION IN INFRASTRUCTURE SECTORS PRESENT MIXED PICTURE TELECOM AND PETROLEUM SECTORS PERFORMED WELL | ECONOMIC SURVEY 2008-09 UPDATES - AGRO SECTOR LOAN TARGET ACHIEVEMENT 94 PERCENT 808 LAKH FARMERS NOW HOLD KISAN CREDIT CARD | ECONOMIC SURVEY 2008-09 UPDATES - SEVERAL STEPS TAKEN TO ENHANCE DOMESTIC RUPEE LIQUIDITY | ECONOMIC SURVEY 2008-09 UPDATES - NATIONAL ACTION PLAN ON CLIMATE CHANGE RELEASED BY THE GOVERNMENT | ECONOMIC SURVEY 2008-09 UPDATES - GOVERNMENT SHOWS ACROSS THE BOARD COMMITMENT TO SOCIAL WELFARE SCHEMES | ECONOMIC SURVEY 2008-09 UPDATES - GOVERNMENT FOCUSSES ON STRENGTHENING OF PRIMARY HEALTH INFRASTRUCTURE AND IMPROVING SERVICE DELIVERY | 2009-ITS-769-CESTAT - Credit cannot be denied only on the ground that the document on the strength of which it was taken was not a prescribed document for the purpose of availment of credit. |
Your final destination -Indian tax law, Rules,acts ,notification, circular of customs, excise , vat ,fema, dgft, cbdt,cbec,case law of cestat,itat ,high court and supreme courtYour final destination -Indian tax law, Rules,acts ,notification, circular of customs, excise , vat ,fema, dgft, cbdt,cbec,case law of cestat,itat ,high court and supreme court
Your final destination -Indian tax law, Rules,acts ,notification, circular of customs, excise , vat ,fema, dgft, cbdt,cbec,case law of cestat,itat ,high court and supreme court

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Your final destination -Indian tax law, Rules,acts ,notification, circular of customs, excise , vat ,fema, dgft, cbdt,cbec,case law of cestat,itat ,high court and supreme court

 

GST - the most ambitious tax reform in recent time faced with more hurdles

Implementation of GST  in India would not be cake walk is known to the even most optimist of  reform committee but views expressed by the  representatives of the many states especially the BJP ruled ones in the pre-budget meeting with FM on Thursday is no less shocker . Although the new Finance Minister shri  Pranab Mukherjee  is very hopeful of making it effective on schedule date on 1-04-2010 and wished that state govts  would cooperate in  sorting out differences   and help in formulating  the mechanism of the law for GST.

Concept of GST has lost its meaning already when it was decided  implement the same in duel format . Federal GST  at the centre  and  other at state level . This was a complete shock to the entire business community  as they always wanted single GST  . They f ...
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Your final destination -Indian tax law, Rules,acts ,notification, circular of customs, excise , vat ,fema, dgft, cbdt,cbec,case law of cestat,itat ,high court and supreme court
 

 

Daily updates in Excise ,Custom ,Income Tax, DGFT,Service Tax ,vat & RBI

CIRCULAR NO- 891/11/09-CX., Dt: June 15, 2009
Exemption is not available to ‘pipe fittings’ used in ...

A.P. (DIR Series) CIRCULAR NO 1/RBI., Dt: July 2, 2009
Exim Bank's Line of Credit (LOC) of USD 20 million to M...

CUSTOM NOTIFICATION NO-77/ 2009 ,(N.T.), Dt: June 30, 2009
Appoints the Commissioner of Customs (Export), Custom H...

 

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CUSTOM NOTIFICATION NO-76/ 2009 (N.T.), Dt: June 30, 2009
Appoints the Commissioner of Customs (Adjudication), Delhi to act as a common adjudicating authority ...

CUSTOM NOTIFICATION NO-75/ 2009 (N.T.), Dt: June 30, 2009
Appoints the Commissioner of Customs (Import), Jawaharlal Nehru Port Trust, Nhava Sheva, Raigad Mah ...

CBDT Instruction No. 4/2009, dated 30-6-2009
Clarification regarding deduction under section 80-IB(10) in respect of undertakings developing buil ...

A.P. (DIR Series) CIRCULAR NO 71/RBI., Dated: June 30, 2009
External Commercial Borrowings (ECB) Policy ...

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The bureaucracy is sending the country to dogs

Can any Tom, Dick or Harry be made the Zonal Jt. DGFT & the exporters made to bear the brunt of it. The government very recently appointed a DGFT, who did not have any experience of the working in the Commerce or the Finance departments of the government. The government took more than a year to realize & rectify the mistake. At the very least in such significant position where the fate of the nation is at stake, the officials with good track record & merits should be appo ... Your final destination -Indian tax law, Rules,acts ,notification, circular of customs, excise , vat ,fema, dgft, cbdt,cbec,case law of cestat,itat ,high court and supreme courtRead Full Story
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Your final destination -Indian tax law, Rules,acts ,notification, circular of customs, excise , vat ,fema, dgft, cbdt,cbec,case law of cestat,itat ,high court and supreme court
 
Your final destination -Indian tax law, Rules,acts ,notification, circular of customs, excise , vat ,fema, dgft, cbdt,cbec,case law of cestat,itat ,high court and supreme court

Highlights
Guidelines for issuing Compliance Certificate and Signing Annual Return
REVISION IN FDI REGULATIONS
Interim Budget 2009-2010 - Finance Bill
Interim Budget 2009-2010 - High Lights
Interim Budget  2009-2010-Budget at a Glance
Interim Budget  2009-2010 - Budget Speech
Mid-term Review of Annual Policy for the Year 2008-09
REVERSE MORTGAGE SCHEME, 2008
FOREIGN EXCHANGE (COMPOUNDING PROCEEDINGS) (AMENDMENT) RULES, 2008-AMENDMENT IN RULE 4
Central Civil Services (Revised Pay) Rules, 2008.
6.5% SAVINGS BONDS, 2003 (NON-TAXABLE

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CREDIT EXPANSION MODERATES DURING 2008-09 CREDIT TO PRIORITY SECTOR, INDUSTRY & EDUCATION SHOWS ROBUST GROWTH
The Economic Survey 2008-09, presented in the Parliament today, says that expansion of credit by the Banks moderated during the year. Credit by the Scheduled Commercial Banks (SCBs) to the Commercial Sector in the year 2008-09 expanded by 16.9% as compare to 21.0% in 2007-08. Bank credit to the Commercial Sector witnessed strong growth in the first half of ... More Info>>
CALIBRATED MONETARY POLICY ESSENTIAL TO PUT ECONOMY ON HIGHER GROWTH TRAJECTORY
The Economic Survey 2008-09, presented by the Finance Minister Shri Pranab Mukherjee in Parliament today, lays focus on having a calibrated approach to using monetary policy measures for an early return to the high growth path. At the same time, efforts to build and preserve financial stability have to be high on the agenda. The Survey says, the monetary poli ... More Info>>
MUTUAL FUNDS TURN AROUND DURING 2008-09 CAPITAL MARKETS SHOW SIGNS OF REVIVAL
A turnaround has been noticed in the performance of Mutual Fund industry, which had remained subdued during 2008, says the Economic Survey 2008-09. Mutual fund investments (net) in equity markets turned positive in March 2009 and were Rs. 2,320 crore during April-May, 2009 while they invested Rs. 36,791 crore in debt instruments during the same period. There ... More Info>>
PHYSICAL INFRASTRUCTURE ESSENTIAL FOR SUSTAINABLE GROWTH AND OVERALL DEVELOPMENT CAPACITY CREATION IN INFRASTRUCTURE SECTORS PRESENT MIXED PICTURE TELECOM AND PETROLEUM SECTORS PERFORMED WELL
Recognizing the importance of physical infrastructure on sustainability of growth and overall development, the Economic Survey 2008-09 states that spending on infrastructure has larger multiplier effects. The Economic Survey 2008-09 tabled in Parliament today mentioned that though there has been some improvement in infrastructure development in transport, ... More Info>>
AGRO SECTOR LOAN TARGET ACHIEVEMENT 94 PERCENT 808 LAKH FARMERS NOW HOLD KISAN CREDIT CARD
As per the Economic Survey 2008-09, the total amount disbursed by all Banks to the Agriculture and Allied Activities Sector is Rs. 2,64,455 crores as against the target of 2,80,000 crores registering 94.4% achievement. In comparison to the disbursement of Rs. 254657 crore as on March, 2008, there is a rise of Rs. 9798 crores to the sector. Of the total disb ... More Info>>

 

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Deemed value contemplated u/s. 14(1) would prevail when price declared does not reflect price at which such or like goods are ordinarily sold

Your final destination -Indian tax law, Rules,acts ,notification, circular of customs, excise , vat ,fema, dgft, cbdt,cbec,case law of cestat,itat ,high court and supreme court

Section 14 of the Act relates to valuation of goods for the purpose of assessment and inter alia provides that the value of any goods chargeable to duty of customs would be deemed to be the price at which such or like goods are ordinarily sold or offered for sale for delivery at the time and place of importation in the course of international trade where the seller and the buyer have no interest in the business of each other or one of them has no interest in the business of the other and the price is the sole consideration for the sale or offer for sale. By inserting sub-Section ...

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With Effect From 1st July '09
Currency Import Export
Euro 68.55

66.90

Pound 80.80
78.80
US 48.95 48.05
Japanese Yen 51.20
49.80

Income-tax (Appellate Tribunal) Amendment Rules, 2009
Special Economic Zones (Second Amendment) Rules, 2009 - Amendment in rule 2, 5 and 19
Cost and Works Accountants (Amendment) Regulations, 2009
Companies (Issue of Indian Depository Receipts) (Second Amendment) Rules, 2009

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Your final destination -Indian tax law, Rules,acts ,notification, circular of customs, excise , vat ,fema, dgft, cbdt,cbec,case law of cestat,itat ,high court and supreme court

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