Bare Act Search Results

Warehousing (Development and Regulation) Act 2007 Section 51

Title: Power of Authority to Make Regulations

State: Central

Year: 2007

.....may provide for all or any of the following matters, namely:-- (a) the matters regulating the authorities of accreditation agencies under subsection (2) of section 3; (b) the form and manner and the period for which a warehouseman shall keep the records and accounts of the warehousing business under sub-section (2) of section 8; (c) the manner of disposal of goods or any part thereof and the keeping of sale proceeds in an escrow account by the warehouseman under sub-section (7) of section 9; (d) the mode of sale under sub-section (10) of section 10; (e) the manner of issuance of duplicate warehouse receipt under the proviso to sub-section (2) of section 23; (f) the time and places of meetings of the Authority and the procedure to be followed at such meetings including the quorum necessary for the transaction of business under sub-section (1) of section 31; (g) the terms and conditions of service of officers and other employees of the Authority under sub-section (2) of section 33; (h) the registration and functioning of accreditation agencies, renewal, modification, withdrawal, suspension or cancellation of such registration and the code of conduct for.....

Finance Act 2007 Section 51

Title: Amendment of Section 172

State: Central

Year: 2007

In section 172 of the Income-tax Act, after sub-section (4), the following subsection shall be inserted, namely:- "(4A) No order assessing the income and determining the sum of tax payable thereon shall be made under sub-section (4) after the expiry of nine months from the end of the financial year in which the return under sub-section (3) is furnished: Provided that where the return under sub-section (3) has been furnished before the 1st day of April, 2007, such order shall be made on or before the 31st day of December, 2008.".

Sashastra Seema Bal Act 2007 Section 51

Title: Punishment by Force Courts

State: Central

Year: 2007

.....of seniority of rank and forfeiture of all or any part of the service for the purpose of promotion; (i) forfeiture of service for the purpose of increased pay or pension; (j) fine, in respect of civil offences; (k) severe reprimand or reprimand except in the case of persons below the rank of an under-officer; (l) forfeiture of pay and allowances for a period not exceeding three months for an offence committed on active duty; (m) forfeiture in the case of person sentenced to dismissal from the service of all arrears of pay and allowances and other public money due to him at the time of such dismissal; (n) stoppage of pay and allowances until any proved loss or damage occasioned by the offence for which he is convicted is made good (2) Each of the punishments specified in sub-section (1) shall be deemed to be inferior in degree to every punishment preceding it in the above scale

Competition (Amendment) Act 2007 Section 41

Title: Amendment of Section 51

State: Central

Year: 2007

In section 51 of the principal Act, in sub-section (1),-- (i) clause (b) shall be omitted; (ii) in clause (d), for the words, brackets and letters "clauses (a) to (c)", the words, brackets and letters "clauses (a) and (c)" shall be substituted.

Finance Act 2007 Schedule II

Title: Second Schedule

State: Central

Year: 2007

THE SECOND SCHEDULE [See section 114(i)] In the First, Schedule to the Customs Tariff Act,-- (1) in Chapter 21, for the entry in column (4) occurring against all the tariff items of sub-heading 2106 90, the entry "150%" shall be substituted; (2) in Chapter 22,-- (i) in tariff items 2207 10 11,2207 10 19 and 2207 10 90, for the entry in column (4) occurring against each of them, the entry "150%" shall be substituted; (ii) for the entry in column (4) occurring against all the tariff items of heading 2208, the entry "150%" shall be substituted; (3) in Chapter 25 -- (i) for the entry in column (4) occurring against all the tariff items (except all the tariff items of headings 2504 and 2510), the entry "10%" shall be substituted; (ii) for the entries in column (4) and column (5) occurring against all the tariff items of heading 2504, the entries "10%" and "10%" shall respectively be substituted; (4) in Chapter 26, in tariff items 2620 11 00,2620 19 00, 2620 30 10 and 2620 30 90, for the entry in column (4) occurring against each of them, the entry "10%" shall be substituted; (5) in Chapter 27,-- (i) for the entry in column (4) occurring against all the tariff.....

Finance Act, 2007 Complete Act

State: Central

Year: 2007

.....in the Fifty-eighth Year of the Republic of India as follows- CHAPTER 1: PRELIMINARY: SECTION 1: Short title and commencement: (1) This Act may be called the Finance Act, 2007. (2) Save as otherwise provided in this Act, sections 2 to 93 shall be deemed to have come into force on the 1st day of April, 2007. CHAPTER 2: RATES OF INCOME-TAX: SECTION 2: Income-tax: (1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 2007, income-tax shall be charged at the rates specified in Part I of the First Schedule and such tax as reduced by the rebate of income-tax calculated under Chapter VIII-A of the Income-tax Act, 1961(43 of 1961) (hereinafter referred to as the Income-tax Act) shall be increased by a surcharge for purposes of the Union calculated in each case in the manner provided therein. (2) In the cases to which Paragraph A of Part I of the First Schedule applies, where the assessee has, in the previous year, any net agricultural income exceeding five thousand rupees, in addition to total income, and the total income exceeds one lakh rupees, then,-- (a) the net agricultural income shall be taken.....

Finance Act 2007 Chapter VI

Title: Secondary and Higher Education Cess

State: Central

Year: 2007

.....due appropriation made by Parliament by law in this behalf, utilise, such sums of money of the Secondary and Higher Education Cess levied under sub-section (12) of section 2 and this Chapter for the purposes specified in sub-section (1) as it may consider necessary. Section 137 - Definition The words and expressions used in this Chapter and defined in the Central Excise Act, 1944(1 of 1944), the Customs Act, 1962(52 of 1962) or Chapter V of the Finance Act, 1994(32 of 1994), shall have the meanings respectively assigned to them in those Acts or Chapter, as the case may be. Section 138 - Secondary and Higher Education Cess on excisable goods (1) The Secondary and Higher Education Cess levied under section 136, in the case of goods specified in the First Schedule to the Central Excise Tariff Act, 1985(5 of 1985), being goods manufactured or produced, shall be a duty of excise (in this section referred to as the Secondary and Higher Education Cess on excisable goods), at the rate of one per cent., calculated on the aggregate of all duties of excise (including special duty of excise or any other duty of excise but excluding Education Cess chargeable under section 93 of the.....

Finance Act 2007 Section 139

Title: Secondary and Higher Education Cess on Imported Goods

State: Central

Year: 2007

.....being in force, as an addition to, and in the same manner as, a duty of customs, but not including - (a) the additional duty referred to in sub-section (5) of section 3 of the Customs Tariff Act, 1975(51 of 1975); (b) the safeguard duty referred to in sections 8B and 8C of the Customs Tariff Act, 1975(51 of 1975); (c) the countervailing duty referred to in section 9 of the Customs Tariff Act, 1975(51 of 1975); (d) the anti-dumping duty referred to in section 9A of the Customs Tariff Act, 1975(51 of 1975); and (e) the Education Cess chargeable under section 94 of the Finance (No. 2) Act, 2004(23 of 2004) and Secondary and Higher Education Cess on imported goods. (2) The Secondary and Higher Education Cess on imported goods shall be in addition to any other duties of customs chargeable on such goods, under the Customs Act, 1962(52 of 1962) or any other law for the time being in force and the Education Cess chargeable under section 94 of the Finance (No. 2) Act, 2004(23 of 2004). (3) The provisions of the Customs Act, 1962(52 of 1962) and the rules and regulations made thereunder, including those relating to refunds and exemptions from duties and imposition of.....

Finance Act 2007 Chapter III

Title: Direct Taxes

State: Central

Year: 2007

.....the purposes of this clause, "commodity exchange" shall mean a "registered association" as defined in clause (jj) of section 2 of the Forward Contracts (Regulation) Act, 1952(74 of 1952);'; (g) in clause (23FB), with effect from the 1st day of April, 2008 -- (i) for the words "set up to raise funds for investment", the words "from investment" shall be substituted; (ii) in Explanation 1, for clause (c), the following clause shall be substituted, namely:-- '(c) "venture capital undertaking" means such domestic company whose shares are not listed in a recognised stock exchange in India and which is engaged in the-- (i) business of-- (A) nanotechnology; (B) information technology relating to hardware and software development; (C) seed research and development; (D) bio-technology; (E) research and development of new chemical entities in the pharmaceutical sector; (F) production of bio-fuels; (G) building and operating composite hotel-cum-convention centre with seating capacity of more than three thousand; or "(H) developing or operating and maintaining or developing, operating and maintaining any infrastructure facility as defined in the Explanation to.....

Finance Act 2007 Chapter IV

Title: Indirecttaxes

State: Central

Year: 2007

.....from the 1st day of June, 2007, for clause (b), the following clause shall be substituted, namely:-- '(b) "case" means any proceeding under this Act or any other Act for the levy, assessment and collection of customs duty, pending before an adjudicating authority on the date on which an application under sub-section (1) of section 127B is made: Provided that when any proceeding is referred back in any appeal or revision, as the case may be, by any court, Appellate Tribunal or any other authority, to the adjudicating authority for a fresh adjudication or decision, as the case may be, then such proceeding shall not be deemed to be a proceeding pending within the meaning of this clause;'. Section 101 - Amendment of section 127B In section 127B of the Customs Act, with effect from the 1st day of June, 2007, for sub-section (1), the following sub-sections shall be substituted, namely:-- "(1) Any importer, exporter or any other person (hereinafter referred to as the applicant in this Chapter) may, in respect of a case, relating to him make an application, before adjudication to the Settlement Commission to have the case settled, in such form and in such manner as may be.....