Custom Notification No 147/2009 dated 24th December, 2009 - Amends Notification No. 79/2008-Customs, dated the 13th June, 2008 - Regarding exemption to iron ores and concentrates

Amends Notification No. 79/2008-Customs, dated the 13th June, 2008 - Regarding exemption to iron ores and concentrates

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 147/2009-Customs

New Delhi, the 24^th December, 2009

            G.S.R.  (E).- 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 makes the following further amendment in the Notification No. 79/2008-Customs, dated the 13^th June, 2008, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 458(E), namely :-

In the said notification, for the figures and words “5% ad valorem”, the figures and words “10% ad valorem” shall be substituted.

[F. No. 354 /259/2009-TRU]

(Prashant Kumar)

Under Secretary to the Government of India

Note. - The principal notification No. 79/2008-Customs, dated the 13^th June, 2008 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 458(E), dated the 13^th June, 2008 and was last amended vide notification No. 130/2008, dated the 7^th December, 2008, which was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 844(E) of the same date.

Custom Notification No 146/2009 dated 24th December, 2009 - Exempts iron ore fines from Customs duty when exported out of India

Exempts iron ore fines from Customs duty when exported out of India

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 146/2009-Customs

 New Delhi, the 24^th December, 2009

 

            G.S.R.  (E).- 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 exempts iron ore fines falling under Heading No. 11 of the Second Schedule to the Customs Tariff Act, 1975 (51 of 1975), when exported out of India, from so much of the duty of customs leviable thereon which is specified in the said Second Schedule as is in excess of the amount calculated at the rate of  5% ad valorem.

[F. No. 354/259/2009-TRU]

 

 

(Prashant Kumar)

Under Secretary to the Government of India

Custom Notification No 145/2009 dated 24th December, 2009 - Rescinds Notification No. 129/2008-Customs, dated 7th December, 2008 - Exempts iron ore fines falling under Heading No. 11 of the Second Schedule to the Customs Tariff Act, 1975 (51 of 1975), when exported out of India, from the whole of the duty of customs leviable thereon which is specified in the said Second Schedule

Rescinds Notification No. 129/2008-Customs, dated 7th December, 2008 - Exempts iron ore fines falling under Heading No. 11 of the Second Schedule to the Customs Tariff Act, 1975 (51 of 1975), when exported out of India, from the whole of the duty of customs leviable thereon which is specified in the said Second Schedule

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]                             

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 145/2009-Customs

New Delhi, the 24^th December, 2009

            G.S.R.     (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue), no. 129/2008-Customs, dated the 7^th December, 2008, which was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 843(E) of the same date, except as respects things done or omitted to be done before such rescission.

[F. No. 354 /259/2009-TRU] 

(Prashant Kumar)

Under Secretary to the Government of India

9 FDI proposals approved

9 FDI proposals approved

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on December 18, 2009, Government has approved 09 Proposals of Foreign Direct Investment amounting to Rs. 523.705 Crore approximately. 

                                                                                                                                                                                                                                                                                                           

            Following 09 (Nine) proposals have been approved:

Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (Rs. In Crore)

COMMERCE

1

M/s Mitsui & Co. Ltd., Japan

To set up a (i) WOS and (ii) JV company.  The proposal attracts Press Note 1 of 2005.

326.00

ECONOMIC AFFAIRS

2

M/s Mold-Tek Technologies Ltd., Andhra Pradesh

To allot equity shares against the value of Assets.

Nil

INFORMATION & BROADCASTING

3

M/s R K Swamy BBDO Pvt. Ltd., Chennai

Induction of foreign equity         in a company engaged in the advertising activity.  The proposal attracts Press Note 1 of 2005.

1.275

POWER

4

M/s SN Power Holding Singapore Pte. Ltd., Singapore

To set up joint venture companies with 50% foreign equity in India to set up hydro power projects.  The proposal attracts Press Note 1 of 2005.

Not Indicated

INDUSTRIAL POLICY & PROMOTION

5	M/s Ramani Hotels Ltd.	To issue shares for consideration other than cash.	Nil
6	M/s  Diageo Radico Distilleries Pvt. Ltd.	(i) To increase the foreign equity participation from 50% to 100% in a company engaged in the manufacturing Indian made foreign liquor (IMFL). The proposal attracts Press Note 1 of 2005. (ii)  Ex-post facto approval for violation of the Press Note 1 of 2005.	Nil

INFORMATION & TECHNOLOGY

7

M/s Internet Global Services Pvt. Ltd.

To invest in Non-convertible Redeemable Preference shares capital out of internally accrued funds.

100.00

TELECOMMUNICATIONS

8	M/s Goldman Agent Pvt. Ltd.	To make foreign investment in an investing company.	93.00
9	M/s Premiere Conferencing (Ireland) Ltd., Ireland	To set up a wholly owned subsidiary to undertake the business of providing audio/ web conferencing and collaboration services and data communication services in India.	3.43

            The following 07 (Seven) proposals have been deferred:

Sl. No	Name of the applicant		Particulars of the proposal
1	M/s Kirkstone India Pvt. Ltd., Delhi	To issue shares against the pre-incorporation expenses.
2	M/s India Infrastructure Development Fund Ltd., Mauritius, Mauritius	To issue units to FUND.
3	M/s Visa Infrastructure Ltd., Kolkata	To issue shares for consideration other than cash.
4	M/s Telstra Telecommunications Pvt. Ltd., Mumbai	To issue fresh equity shares for increasing FDI from 49% to 74% in a company engaged in the telecom services.
5	M/s Bharat Oman Refineries Ltd. (BORL)	To amend the FC approval.
6	M/s Verizon Communications India Pvt. Ltd.	Transfer of equity shares from non-resident shareholder to non-resident group in Telecom Sector.
7	M/s Telcordia Technologies Inc. USA	To review the proposal on the request of MHA.

            The following 05 (Five) proposals have been rejected:

Sl. No	Name of the applicant		Particulars of the proposal
1	M/s Zetatek Engineering Systems Pvt. Ltd., Hyderabad	To issue shares to the tune of 26% on a fully diluted basis with repatriation facility to carry out the activities in the defence sector.
2	M/s Southern CNG Automobiles Pvt. Ltd., Bangladesh	Increase in foreign equity by way of additional subscription of equity shares from Bangladesh.
3	M/s Shree Meenakshi Food Products Pvt. Ltd., Mumbai	To issue equity shares to undertake manufacturing of Pan Masala and other tobacco Products.
4	M/s Verint System India Pvt. Ltd.	To make amendment in the FC approval.
5	M/s Asha Micro Credit Ltd.	To induct foreign investment to undertake the activities relating to providing financial services for the up-liftment of poor and the downtrodden sections of the society.  The proposal does not meet the minimum capitalization norms.

   The following 1 (One) proposal has been withdrawn from the agenda on the request of applicant:  

Sl. No		Name of the applicant		Particulars of the proposal		FDI/NRI inflows (Rs. In Crore)
	1		M/s Macquarie India Infrastructure Management Holdings Pte. Ltd., Singapore		To issue units to FUND.	0.004

            The following 01 (One) proposal has been noted:

Sl. No.	Name of the applicant	Particulars of the proposal	FDI/NRI inflows (Rs. In Crore)
1	M/s Efkon India Pvt. Ltd., Mumbai	Post facto approval for change of status from operating company to operating-cum-investing company and to make downstream investment.	0.25