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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Board of Approval okays 21 Formal and 7 In-Principle SEZs

AIT News Network

NEW DELHI.The Board of Approval of the Special Economic Zones in its meeting held on 12th July 2007 granted its nod for 21 Formal approvals of SEZs and 7 In-principle approvals of SEZs. The SEZs approved include Mukesh Ambani's Navi Mumbai SEZ.  

With these approvals, the total number of SEZs granted  approval is over 500.

Formal approvals in BOA held on 12 July 2007

 

 

 

 

 

 

S. No.

Developer

Location

State

Product

Area (hectares)

1

Kinfotech Software Private Limited

EPIP, KIADB Industrial Area, Ganjimutt, Manglore, Karnataka

KN

IT/ITES

10

2

Lark Projects Private Limited

Village Landra, Mohali, Punjab

PB

Electronic hardware and software including ITES

10.89

3

Sukhmani Towers Private Limited

Nenetpur and Jawaharpur, Punjab

PB

IT/ITES

10.6

4

RNA Builders

Village Ghodbunder, Mira Road, Taluka and District Thane, Maharashtra

MH

IT/ITES

13.5

5

Nipiam Infotech Private Limited

Gram Nimeta, Taluka Waghodiya, District Vadodara, Gujarat

GJ

IT

220

6

Suyog Realtors Private Limited

Plot No. PL-23, IT Park, Butibori, District Nagpur, Maharashtra

MH

IT/ITES

17.4

7

Unitech Infopark Ltd.

Villag Nallambakkam, Taluk Chengalput, Kancheepuram, Chennai, Tamil Nadu

TN

IT/ITES

10

8

Ferrani Hotels Private Limited/ Ozone Developers

Mumbai, Maharashtra

MH

IT/ITES

27.73

9

Opto  Circuits (india) Limited

Nanjangud Taluk, Mysore Dist

KN

Electronic Hardware Park

12.23

10

True Developers Private Limited

Arasur Village, Palladam Taluk, Coimbatore District, Tamil Nadu

TN

Electronic Hardware including IT/ITES

11.58.5

11

Base Realty Private Limited

Village Hinjawadi, Taluka Mulshi, Pune, Maharashtra

MH

IT/ITES

10

12

Andhra Pradesh Industrial Infrastructure Corporation Limited (APIIC)

Putlampalli Village, Cuddapah Mandal, Cuddapah District Andhra Pradesh 

AP

IT/ITES

21.35

13

Perundurai Engineering SEZ by SIPCOT

Perundurai, Erode District, Tamil Nadu

TN

Engineering

106.55.5

14

M/s H.N. Company

Dimapur, Nagaland

NG

Multi-product

400

15

M/s DLF Commercial Developers Limited

Gandhinagar, Gujarat

GJ

IT/ITES

10

16

Parsvnath Developers Limited

Ranga Reddy District, Hyderabad, Andhra Pradesh

AP

Biotech

10.11

17

Andhra Pradesh Industrial Infrastructure Corporation Limited (APIIC)

Nellore, Andhra Pradesh

AP

Leather

107.49

18

NMSEZ

Dronagiri, Maharashtra

MH

Multi product

1250

19

Hindalco Industries Limited

Sambalpur, Orissa

OR

Aluminium and aluminium products

115.94

20

Mangalore SEZ Limited

Dakshin Kannada District, Karnataka

KN

Petrochemicals and petroleum

588

21

Unitech Realty Projects Limited

Tikri, Gurgaon, Haryana

HR

IT/ITES

10.52

 

 

In Principle approvals in BOA held on 12 July 2007

 

 

 

 

 

 

 

S No.

Developer

Location

State

Product

Area (hectares)

1

Indian Foundry Association

Hawlibagan, Ranihati Howrah, West Bengal

WB

Foundry SEZ

101

2

Videocon Realty & Infrastructures Limited

Siliguri,           West Bengal

WB

Biotechnology including Food Processing and Flouriculture

24

3

Indian Infrastructure Corporation Private Limited

Anjar Taluka, District Bhuj, Gujarat

GJ

Multi-Product

1011.71

4

Chhindwara Plus developers P Ltd.

Saurar Tahsil, Chhindwara District, M.P.

MP

Multi-product

2000

5

State Industries Promotion Corporation of Tamil Nadu Limted (SIPCOT)

Cheyyar SIPCOT Industrial Park, Cheyyar Taluk, Thiruvannamalali District, Tamil Nadu

TN

Automobiles/Automobilesparts/Auto Ancillary and support services including trading and logistics activites

120

6

Skil Infrastructure Limited

Nandagudi Hobli, Hoskote Taluka, Karnataka

KN

Multi product

5000

 


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