Archive for March, 2010

DGFT Circular:Acceptance of cash payments (in Foreign Currency Notes), for the purpose of fulfillment of export obligation (EO) by Service Providers under EPCG Scheme; as well as for eligibility for SFIS scrips.

Mar-29th-2010

 
Policy Circular No. 27/2009-2014                               Dated: 25.03.2010
To
            Jt.DGFTs,
            All RAs
Subject:              Acceptance of cash payments (in Foreign Currency Notes),  for the purpose of fulfillment of export obligation (EO) by Service Providers under EPCG Scheme; as well as for eligibility for SFIS scrips.
            Representations have been received from Regional Authorities and Service Providers seeking clarification [...]

Customs Circular: Recovery of drawback amount on the portion of the FOB value of export not realized by the exporter but compensated by ECGC – reg.

Mar-29th-2010

CIRCULAR NO. 7/2010-CUSTOMS
F.No.609/121/2007-DBK
New Delhi, the 23rd of March, 2010
To       
 All Chief Commissioners of Customs/Central Excise/Customs & Central Excise.
All Commissioners of Customs/Customs (P)/Customs & Central Excise /Central Excise.
All Director Generals of CBEC,
Chief Departmental Representative of Customs Excise & Service Tax Appellate Tribunal.
 Sub: Recovery of drawback amount on the portion of the FOB value of export not realized [...]

Customs Notification: Anti-Dumping duty on Barium Carbonate import from China

Mar-29th-2010

Notification No. 37/2010-Customs
 New Delhi, 23rd March, 2010
             G.S.R.    (E). – Whereas in the matter of imports of Barium Carbonate (hereinafter referred to as the subject goods), falling under sub heading 2836 60 00  of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred as the said Customs Tariff Act), originating [...]

Customs Notification: Anti-Dumping duty on import of Plastic Processing or Injection Moulding Machines from China

Mar-29th-2010

New Delhi, the 23rd March, 2010.
Notification No. 39/2010-Customs
 G.S.R. (E).- Whereas, in the matter of import of all kinds of plastic processing or injection moulding machines, also known as injection presses, having clamping force not less than 40 tonnes (hereinafter referred to as the subject goods), falling under tariff item 8477 10 00 of the First [...]

advice me

Mar-29th-2010

Please clarify what rates should apply in following suitations
1) An employee opts for VRS & will relived from service by 31.03.2010. We will pay terminal benefits in the month of April 10. what is taxable year (F.Y) for  the employee. One of the professional friend told that income is taxable in year in which actual payment [...]