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November 28, 2007 NEGOTIATIONS FOR INDIA-MALAYSIA COMPREHENSIVE ECONOMIC COOPERATION AGREEMENT TO COMMENCE FROM JAN. 2008. KAMAL NATH INAUGURATES “MALAYSIA-INDIA BUSINESS OPPORTUNITIES” SEMINAR November 27, 2007 Belated Payment of Service Tax with Interest before issuance of SCN - Whether penalty proceeding can be initiated November 25, 2007 Chargeability of Income attributable to capital gains under collaboration agreement under Income Tax Act, 1961 - Advance Ruling November 25, 2007 Landmark Judgment by Supreme Court while deciding the matter "Whether Accounting Standard 22 (AS 22) inconsistent with and ultra vires the provisions of the Companies Act, 1956?" - Accounting for Taxes on Income November 24, 2007 TARIFF VALUE OF POPPY SEEDS NOTIFIED November 24, 2007 INDIA AND ICELAND SIGN DOUBLE TAXATION AVOIDANCE AGREEMENT November 24, 2007 IT EXEMPTION FOR SENIOR CITIZENS November 24, 2007 22 FDI Proposals Cleared November 23, 2007 Export of Excisable Goods - Mandatory Self Sealing November 19, 2007 DIRECT TAX COLLECTIONS RECORD GROWTH OF OVER 42.9 PERCENT TILL 15TH NOVEMBER THIS FISCAL November 16, 2007 TARIFF VALUE OF EDIBLE OILS AND BRASS SCRAP NOTIFIED November 14, 2007 PROVISIONAL CUSTOMS & CENTRAL EXCISE REVENUE COLLECTION DATA FOR THE MONTH OF OCTOBER 2007 November 13, 2007 30 LAKHS REFUNSDS ISSUED TILL OCTOBER THIS FISCAL November 12, 2007 FIRST LTU IN BANGALORE SUCCESSFULLY COMPLETES A YEAR - NEXT LTU IN CHENNAI TO BE OPERATIONALISED FROM DECEMBER November 12, 2007 HUGE CENTRAL EXCISE DUTY EVASION BY A TOBACCO COMPANY UNEARTHEED November 8, 2007 Refund Claim - More than 5 Lacks - Requirement of Pre-Audit - Central Excise November 8, 2007 Manufacture and supply of fuel by IOC to Indian Navy or Coast Guard shall be exempt from excise duty November 8, 2007 Income Tax - Exemption of Allowance in the hands of Employees November 6, 2007 Australian Customs detect Precursor chemical inside consigment from India declared as Himalayan herbs November 6, 2007 Ernst and Young and its associates booked for Service Tax evasion

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