Fwd: TaxGuru : “Notifies Customs Tariff (Determination of Origin of Goods Under the Preferential Trade Agreement Between the Governments of the Republic of India and Malaysia) Rules, 2011” plus 21 more

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From: TaxGuru.in - Daily Tax and Corporate Law Update <info@taxguru.in>
Date: Tue, Jul 5, 2011 at 9:59 AM
Subject: TaxGuru : "Notifies Customs Tariff (Determination of Origin of Goods Under the Preferential Trade Agreement Between the Governments of the Republic of India and Malaysia) Rules, 2011" plus 21 more
To: palashbiswaskl@gmail.com

TaxGuru : "Notifies Customs Tariff (Determination of Origin of Goods Under the Preferential Trade Agreement Between the Governments of the Republic of India and Malaysia) Rules, 2011" plus 21 more

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• Notifies Customs Tariff (Determination of Origin of Goods Under the Preferential Trade Agreement Between the Governments of the Republic of India and Malaysia) Rules, 2011
• Import of hazardous waste under Hazardous Waste (Management, Handling and Transboundary) Rules, 2008
• Related to exemption of duty on import of Naphtha imported by M/s Haldia Petrochemicals Limited(HPL), for use in the manufacture of specified polymers
• Provides tariff concession to specified goods imported from Malaysia under India-Malaysia CECA – Notification No. 53/2011-Customs
• Redemption of Foreign Currency Convertible Bonds (FCCBs) – A.P. (DIR Series) Circular No.01
• RBI penalises Citibank N.A. for contravention of various guidelines and instructions relating to Know Your Bank (KYC)/Anti Money Laundering (AML) issued by RBI
• RoC probing affairs of Speak Asia, to submit report by July 10
• SC appoints special team to probe black money
• All Party Resolution on Lokpal Bill and Statement by Shri P. Chidambaram at GoM Briefing on Lokpal Bill
• Committee Constituted to Review Role, Functioning and Structure of CEIB Submits its Report to Finance Minister
• FDI Equity Inflows Touches US $ 4.664 Billion for Month of May 2011, Second highest FDI Equity Inflow Received in any Month for the Last Eleven Financial Years
• No decision on lowering GDP projection yet – FM
• Heat on tax havens – FDI from Mauritius, Cyprus drops
• EOI for hiring KM partner for MCA 21
• Repayment of 11.50 % loan, 2011 on August 5, 2011 and Repayment of Government of India Floating Rate Bonds, 2011 on August 8, 2011
• Shri G. Padmanabhan takes charge as New ED at RBI and Shri Harun Rashid Khan assumes charge as RBI Deputy Governor
• Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Swa-Roopwardhinee, Maharashtra
• Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Iskcon Food Relief Foundation, Mumbai – Amendment in Notification No. S.O.708(E), dated 25-5-2005
• Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – CANSUPPORT,New Delhi
• Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – National Centre for Adolescents by Urivi Vikram Charitable Trust, New Delhi
• ICAI Convocation (I) – 2011
• Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – SOSVA Training & Promotion Institute, Pune

Notifies Customs Tariff (Determination of Origin of Goods Under the Preferential Trade Agreement Between the Governments of the Republic of India and Malaysia) Rules, 2011 Posted: 04 Jul 2011 09:23 PM PDT Notification No. 43/2011-Customs (N.T.) These rules may be called the Customs Tariff (Determination of Origin of Goods Under the Preferential Trade Agreement Between the Governments of the Republic of India and Malaysia) Rules, 2011. [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Import of hazardous waste under Hazardous Waste (Management, Handling and Transboundary) Rules, 2008 Posted: 04 Jul 2011 09:21 PM PDT Circular No.27/2011-Customs It is reported to the Board that e-wastes such as used computers, CRT, RAM and electrical and electronic assemblies are being dumped in a big way into the country thereby posing serious threat to environment. References... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Related to exemption of duty on import of Naphtha imported by M/s Haldia Petrochemicals Limited(HPL), for use in the manufacture of specified polymers Posted: 04 Jul 2011 09:18 PM PDT Notification No.54 /2011-Customs 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... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Provides tariff concession to specified goods imported from Malaysia under India-Malaysia CECA – Notification No. 53/2011-Customs Posted: 04 Jul 2011 09:16 PM PDT Notification No. 53/2011-Customs 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 exempts... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Redemption of Foreign Currency Convertible Bonds (FCCBs) – A.P. (DIR Series) Circular No.01 Posted: 04 Jul 2011 08:57 PM PDT A.P. (DIR Series) Circular No.01 Keeping in view the need to provide a window to facilitate refinancing of FCCBs by the Indian companies who may be facing difficulty in meeting the redemption obligations, it has been decided to consider applications... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

RBI penalises Citibank N.A. for contravention of various guidelines and instructions relating to Know Your Bank (KYC)/Anti Money Laundering (AML) issued by RBI Posted: 04 Jul 2011 08:53 PM PDT The Reserve Bank of India has imposed a monetary penalty of ` 25.00 lakh (Rupees twenty five lakh only) on Citibank N.A., in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) of the Banking Regulation Act, 1949 for... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

RoC probing affairs of Speak Asia, to submit report by July 10 Posted: 04 Jul 2011 09:11 AM PDT The Corporate Affairs Ministry has asked the Registar of Companies to inspect the books of accounts of the controversial multi-level marketing company Speak Asia and submit its report to the government by July 10. The Singapore-based company Speak... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

SC appoints special team to probe black money Posted: 04 Jul 2011 09:10 AM PDT Pulling up the government for the "laggardly pace" in investigations into the issue of black money stashed abroad, the Supreme Court on Monday appointed a Special Investigation Team (SIT) headed by former apex court judge B P Jeevan Reddy to... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

All Party Resolution on Lokpal Bill and Statement by Shri P. Chidambaram at GoM Briefing on Lokpal Bill Posted: 04 Jul 2011 09:00 AM PDT As you are aware, there was an all-party meeting yesterday. It started at half-past four, went on till nearly quarter to eight. Apart from the Prime Minister and the Finance Minister – the Finance Minister is also chairman of the joint drafting... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Committee Constituted to Review Role, Functioning and Structure of CEIB Submits its Report to Finance Minister Posted: 04 Jul 2011 08:52 AM PDT The Central Government had appointed a Committee in March 2011 to review the role, functioning and structure of the Central Economic Intelligence Bureau (CEIB) and to recommend steps to streamline and strengthen financial intelligence gathering and... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

FDI Equity Inflows Touches US $ 4.664 Billion for Month of May 2011, Second highest FDI Equity Inflow Received in any Month for the Last Eleven Financial Years Posted: 04 Jul 2011 08:50 AM PDT Consolidation of FDI Policy: With the aim of simplifying FDI policy, promoting clarity of understanding of foreign investment rules among foreign investors/sectoral regulators and having a single policy platform, so as to ease the regulatory burden... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

No decision on lowering GDP projection yet – FM Posted: 04 Jul 2011 08:48 AM PDT Finance Minister Pranab Mukherjee today said the government has not taken any decision yet on revising the economic growth projections for 2011-12. We have not taken any decision yet..., Mukherjee told reporters when asked if the government is... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Heat on tax havens – FDI from Mauritius, Cyprus drops Posted: 04 Jul 2011 08:47 AM PDT Amidst pressure on the government to tighten the screws on inflow of funds from tax havens, India's foreign direct investment from Mauritius and Cyprus, dropped significantly in 2010-11. While the FDI inflows from all the sources declined by 25% in... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

EOI for hiring KM partner for MCA 21 Posted: 03 Jul 2011 10:00 PM PDT MCA SPV an Independent Business Division (IBD) of Indian Institute of Corporate Affairs (IICA), under Ministry of Corporate Affairs intends to engage a Knowledge Management partner for purpose of data mining and analysis using data repository of... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Repayment of 11.50 % loan, 2011 on August 5, 2011 and Repayment of Government of India Floating Rate Bonds, 2011 on August 8, 2011 Posted: 03 Jul 2011 09:55 PM PDT The outstanding balances of 11.50 % Loan, 2011 is repayable at par on August 5, 2011 and no interest will accrue there on from the said date. In the event of a holiday being declared on August 5, 2011 by any State Government under the Negotiable... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Shri G. Padmanabhan takes charge as New ED at RBI and Shri Harun Rashid Khan assumes charge as RBI Deputy Governor Posted: 03 Jul 2011 09:39 PM PDT Shri Harun Rashid Khan took over today as Deputy Governor of the Reserve Bank of India. As Deputy Governor he has been appointed for a period of three years. He will look after Central Security Cell, Department of External Investments and... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Swa-Roopwardhinee, Maharashtra Posted: 03 Jul 2011 09:33 PM PDT NOTIFICATION NO. 55/2011-Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 121(E), dated 12th January, 2009, issued under clause (b) of the Explanation to section 35AC of the Income-tax... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Iskcon Food Relief Foundation, Mumbai – Amendment in Notification No. S.O.708(E), dated 25-5-2005 Posted: 03 Jul 2011 09:32 PM PDT NOTIFICATION NO. 54/2011-Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O.708(E), dated the 25th May, 2005, issued under clause (b) of the Explanation to section 35AC of the Income-tax... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – CANSUPPORT,New Delhi Posted: 03 Jul 2011 09:31 PM PDT NOTIFICATION NO. 53/2011- Whereas by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) Number S.O.708(E), dated the 25th May, 2005, issued under sub-section (1) read with clause (b) of the Explanation to... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – National Centre for Adolescents by Urivi Vikram Charitable Trust, New Delhi Posted: 03 Jul 2011 09:30 PM PDT NOTIFICATION NO. 52/2011- Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 135(E), dated the 3rd February, 2006, issued under clause (b) of the Explanation to section 35AC of the... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

ICAI Convocation (I) – 2011 Posted: 03 Jul 2011 09:30 PM PDT Members participating at Convocation are requested to wear the Royal Blue Colour Blazer / Navy Blue Colour Blazer respectively and female members may wear saree / business suit while attending the Convocation and receiving the membership... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – SOSVA Training & Promotion Institute, Pune Posted: 03 Jul 2011 09:29 PM PDT NOTIFICATION NO. 51/2011- Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O.708(E), dated the 25th May, 2005, issued under clause (b) of the Explanation to section 35AC of the Income-tax... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

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Palash Biswas
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