Budget to be presented on 16th March    FM issues Advisory to CESTAT to ensure that orders are issued by Benches on conclusion of arguments and in complicated matters orders should be issued within 30 days    Madras High Court stays levy of service tax on lawyers    economic growth slows to 6.9 per cent   Sunil Kumar appointed as Chief Secretary of Chattisgarh    Amarchand Mangaldas to open offices in Chennai Ahmedabad & Pune    US closes its embassy in Syria    Sudha Sharma appointed as Member of CBDT    Rupee hits a high of 48.73 against Dollar   Laxman Das is Officiating Chairman of CBDT    Tariff Value for import of gold is 556 & for silver 1067 & for Brass Scrap 4078 & for poppy seeds 2205-Customs Non-Tariff Notification No. 10   Fused Silica is classifiable under Tariff Item 32074000-Customs Circular No.3    Additional Commisssioner of Income Tax HA Siddiqui sentenced to 4 years imprisonment for accepting bribe of Rs 1 Lakh by CBI Court in Delhi    HC upholds levy of service tax on booking of flats-The explanation which was inserted by the Finance Act of   2010 clearly brings within the fold of taxable service a construction  service provided by the builder to a buyer where there is an intended sale  between the parties whether before, during or after construction    Authority for Advance Ruling rules super concentrates shall be classified as products of the chemical industry under heading 3824 90 90 of Customs Tariff      Anti dumping duty imposed on import of Morpholine from China European Union & USA     Anti dumping duty imposed on import of  Geogrid/Geostrips/ Geostraps made of polyester or Glass fiber in all its forms from      Refund of Anti­-Dumping Duty (Paid in Excess of Actual Margin of Dumping) Rules, 2012 notified-Customs Non-Tariff Notification No.5     Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Amendment Rules, 2012-Customs Non-Tariff Notification No.6     Safeguard duty at the rate of 10% ad  valorem notified on import of Phthalic anhydride, falling under tariff item 2917 35 00-Customs SG Notification No.1     Customs duty on import of Gold, Silver, Cut & Polished Diamonds hiked    Customs duty to be charged at the rate of 2 per cent of Tariff Value on gold and 6 per cent of Tariff Value on silver     Tariff Value for import of gold & silver notified-Customs Non-Tariff Notification No.3     Anti-dumping duty on imports ofSilk fabrics 20-100 gms per metre, falling under heading 5007  originating in, or exported from, China-CustomsTariff Notification No. 2     Anti-dumping duty imposed on imports of Nylon Filament Yarn, falling under Chapter 54 ,originating in, or exported from,  China, Chinese Taipei, Malaysia, Thailand and Korea RP-Customs TariffNotification No.3   Anti-dumping duty imposed on import of Phosphoric Acid of allgrades and all concentrations (excluding Agriculture/Fertilizer Grade) ,falling under tariff item 28092010, originating in, or exported from, Israel and Taiwan-Customs Tariff Notification No.4    Anti-dumping duty on imports of Cellophane Transparent Film , falling under Chapter 39 , originating in, or exported from, China-Customs TariffNotification No.5    Anti-dumping duty onimports of Saccharin, falling under Chapters 29, 30, 33 and 38 ,originating in, or exported from, China-Customs Tariff Notification No.7    Special Bench of ITAT rules the appellant is not entitled to set off carry forward business loss against the long term capital gain arising on sale of land used for the purpose business    ITAT rules Long Term and Short Term gains / losses on sale of equity shares under Portfolio Management Scheme is business income  and not Capital Gains   HC rules the opinion of the AO may have been legally erroneous but this cannot be a ground for initiation of re-assessment proceedings      Anti-dumping duty on ‘Caustic Soda’,  originating in, or exported from, Saudi Arabia, Iran, Japan, USA & France-Customs Tariff Notification No.1    Cost Accountants can issue Certificates for the purpose of refund of 4% CVD-Customs Circular No.1     Customs duty on import from ASEAN nations lowered- Customs Tariff Notification No.127     deeper tariff cut on import from Malaysia notified- Customs Tariff Notification No.128   deeper tariff cuts on import from Korea notified- Customs Tariff Notification No.123  deeper tariff cuts on import from Srilanka & Pakistan under SAFTA notified- Customs Tariff Notification No.125      Schedule of Rates for Service Tax Refund to Exporters notified in supersession of Notification No.17/2009-Service Tax Notification No. 52      Customs duty on import of several products from specified countries lowered-Customs Tariff Notification No.113      Anti-dumping duty on ‘Sodium Hydrosulphite (SHS)’, falling under headings 2831 and 2832 , originating in, or exported from, China PR- Customs Tariff Notification No.111     CBEC specifies documents required for Registration of ServiceTax     Customs duty on import of 532 Products from Singapore lowered-many products exempted from duty-Customs Tariff Notification No. 106     Government allows Rebate of excise duty on export of goods to Nepal under ARE-1 Procedure w.e.f. 1st March 2012-Central Excise Non-Tariff Notification No.24

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BOA Okays 24 Formal and 9 In-principle SEZ

 

AIT News Network

NEW DELHI. The Board of Approval for SEZ has okayed 24 Formal approvals and In-principle approvals for SEZ as under in its meeting held on 5th June 2007

Formal approvals

No.

Developer

Location

Product

Area (hectares)

  1.  

Maharashtra Industrial Development Corporation (MIDC)

MIDC Industrial area at Akola District, Akola, Maharashtra

Agro processing sector

100

  1.  

Maharashtra Industrial Development Corporation (MIDC)

Airoli Software Park, District Thane, Maharashtra

IT/ITES

60.7

  1.  

Gopalan Enterprises (India) Pvt Ltd.

Mahadevapura and Kaggadasapura, K.R.Puram, Banglore

IT/ITES, Software Development

14.27

  1.  

Royal Palms India Private Limited

Survey No. 169, Aarey Milk Colony Goregaon (East), Mumbai

Gems and Jewellery

10

  1.  

Spel Semiconductor Ltd.

No 5, CMDA Industiral Estate Maralmalai Nagar Kanchipuram District

IT/ITES

10.19

  1.  

SNP Infrastructure Pvt. Ltd.

Zamin Pallvaram Village, Chinglepet Taluk, Kanchipuram District, Tamil Nadu

IT/ITES

10.19

  1.  

Dynasty Developers Private Limited

Plot No. PL-3, Rajiv Gandhi Infotech Park, Hinjewadi, Phase II, Village Marunji, Taluka Mulashi, District Pune, Maharashtra

IT/ITES

20

  1.  

Whitecity Projects International Private Limited

Survey No. 238 to 260, Kaza Village, Mangalagiri Mandal and S.No. 23-29 and 55-71, Kantheru Village, Tadikonda Mandal, Guntur District, Andhra Pradesh

IT/ITES

45.8

  1.  

WIPRO Limited

Gopanapally Village, Vattinaguapally, Hyderabad, Andhra Pradesh

IT/ITES

40.46

  1.  

Sanvo Resorts Private Limited

Near Panvel - Palaspephata Junction, Maharashtra

IT/ITES

10

  1.  

Indiabulls Industrial Infrastructure Limited

Nashik, Maharashtra

Multi product

1023.43

  1.  

Panchbhoomi Infrastructure Private Limited

Survey No. 260, Village Socorro, Bardez Taluka, North Goa District, Goa

IT

18.5

  1.  

V. R. Enterprises

Ananthasagar Village, Hasanparthy Mandal, Warangal District, Andhra Pradesh

IT/ITES

10.12

  1.  

Jindal Photo Limited

Igatpuri, Nasik, Maharashtra

IT/ITES

12.23

  1.  

TamilNadu Industrial Development corporation

Taramani, Chennai, TamilNadu

IT/ITES

10.11.5

  1.  

Andhra Pradesh Industrial Infrastructure Corporation Limited (APIIC)

Madikonda Village, Hanamkonda Mandal, Warangal District, Andhra Pradesh

IT/ITES

14.32

  1.  

GMR Hyderabad International Airport Limited

GMR Hyderabad International Airport, Shamshadbad, Hyderabad,            Andhra Pradesh

Airport based Multi product

101.2

  1.  

Gujarat Growth Centres Development Corporation Limited (GGDCL)

Moti Chiral GGDCL Estate, Village Moti Chiral, District Kutch, Gujarat

Handicrafts and Artisan

131-59-62

  1.  

Tamilnadu Industrial Development Corpn. Ltd.

Taramani, Chennai, TamilNadu

IT&ITES

10.68

  1.  

State Industries Promotion Corporation of Tamil Nadu

SIPCOT industrial growth cener, oragadam, kancheepurum district, Tamil Nadu

Electronic hardware

140.69

  1.  

VGTM Urban Development Authority

Mangalagiri Mandal, Guntur District, Andhra Pradesh

IT/ITES

16

  1.  

Mansarovar Industrial Development Corporation

Jodhpur, Rajasthan

Handicraft

131

  1.  

Madhya Pradesh State Electronics Development Corporation (MPSEDC)

Village Purva, Jabalpur, Mahdya Pradesh

IT/ITES

36.437

  1.  

Madhya Pradesh State Electronics Development Corporation (MPSEDC)

Badwai, Near Airport, Bhopal, Madhya Pradesh

IT/ITES

85

Conversion of  In- principle approval to Formal Approval:

  1.  

Satyavedu Reserve Infracity Private Limited

Nellore District, Andhra Pradesh

Multi Product

1023

From in-principle to Formal

  1.  

Reliance Haryana SEZ Limited

Gurgaon, Haryana

Multi services

440

From in-principle to Formal

In-principle approvals

No

Developer

Location

Product

Area (hectares)

  1.  

Gitanjali Gems Limited

Nanded, Maharashtra

Gems and Jewellery

50

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