Export Policy of Onions
Posted Date : 18-Aug-2013 , 01:01:32 am | Posted By: Vinay Sharma
(To be Published in the Gazette of India Extraordinary Part-II]
Section - 3, Sub-Section (ii)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan
Notification No 35 (RE-2013)/2009-2014
New Delhi, Dated 14thAugust, 2013
Subject:- Export Policy of Onions.
S.O. (E) -In exercise of powers conferred bySection 5of theForeign Trade (Development& Regulation) Act, 1992 (No. 22 of 1992)read withPara 2.1of theForeign Trade Policy, 2009-2014, the Central ...
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DGFT |
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Rate of exchange of conversion of each of the foreign currency with effect from August 15, 2013
Posted Date : 18-Aug-2013 , 01:01:10 am | Posted By: Vinay Sharma
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3,
SUB-SECTION (ii), EXTRAORDINARY]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS
NOTIFICATION NO.83/2013-CUSTOMS (N.T.)
DATED THE 14thAugust, 2013
23 Shravana, 1935(SAKA)
S.O. (E). –In exercise of the powers conferred bysection 14of theCustoms Act, 1962 (52 of 1962),and in super session of thenotification of the Government of India in the Ministry of Finance (Department ...
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Custom |
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Exim Bank\'s Line of Credit to the Government of the Union of Comoros
Posted Date : 18-Aug-2013 , 12:59:31 am | Posted By: Vinay Sharma
RBI/2013-14/189A.P. (DIR Series) Circular No.27
August 16, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Exim Bank's Line of Credit of USD 41.60 million tothe Government of the Union of Comoros
Export-Import Bank of India (Exim Bank) has entered into an Agreement dated February 22, 2013 with the Government of the Union of Comoros, for making available to the latter, a Line of Credit (LOC) of USD 41.60 million (USD Forty one million and six hundred thousand only) for financ...
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RBI |
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Deferred Payment Protocols between Government of India and erstwhile USSR
Posted Date : 18-Aug-2013 , 12:59:13 am | Posted By: Vinay Sharma
RBI/2013-14/188A.P. (DIR Series) Circular No.26
August 14, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985between Government of India and erstwhile USSR
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No.05 dated July 08, 2013, wherein the Rupee value of the Special Currency Basket was indicated as Rs.80.972091 effective from June 25, 2013.
2. AD Cate...
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RBI |
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Import of Gold by Nominated Banks /Agencies/Entities (Revised)
Posted Date : 18-Aug-2013 , 12:58:56 am | Posted By: Vinay Sharma
RBI/2013-14/187A.P. (DIR Series) Circular No. 25
August 14, 2013
To,
All Category - I Authorised Dealer Banks
All Scheduled Commercial Banks which are Authorised Dealers (ADs) inForeign Exchange/ All Agencies nominated for import of gold
Madam / Sir,
Import of Gold by Nominated Banks /Agencies/Entities
Attention of Authorised Persons is drawn to the Reserve Bank’sA.P. (DIR Series) Circular No. 15 dated July 22, 2013on the captioned subject. As per these instructions, certain restric...
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RBI |
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Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits
Posted Date : 18-Aug-2013 , 12:58:37 am | Posted By: Vinay Sharma
RBI/2013-14/186DBOD.Dir.BC. 40 /13.03.00/2013-14
August 14, 2013
All Scheduled Commercial Banks(Excluding RRBs)
Dear Sir / Madam,
Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits
Please refer to ourcircular DBOD.Dir.BC.64/13.03.00/2011-12 dated December 16, 2011on Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non- Resident (NRO) Accounts.
2. In terms of para 2 ibid, interest rates offered by banks on NRE deposits c...
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RBI |
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Interest Rates on FCNR(B) Deposits
Posted Date : 18-Aug-2013 , 12:58:17 am | Posted By: Vinay Sharma
RBI/ 2013-14/185DBOD.Dir.BC.38/13.03.00/2013-14
August 14 , 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir/Madam
Interest Rates on FCNR(B) Deposits
Please refer to ourcircular No.DBOD.Dir.BC.102/13.03.00/2011-12 dated May 4, 2012on Interest Rates on Deposits held in FCNR(B) Accounts. In view of the prevailing market conditions, it has been decided that until further notice and with effect from the close of business in India as on August 14, 2013, the interest rate ceiling on F...
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RBI |
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FCNR(B)/NRE Deposits - Exemption from Maintenance of CRR/SLR and exclusion from ANBC for Priority Sector Lending
Posted Date : 18-Aug-2013 , 12:57:58 am | Posted By: Vinay Sharma
RBI/2013-14/184Ref: DBOD.No.Ret.BC. 36/12.01.001/2013-14
August 14, 2013
All Scheduled Commercial Banks(Excluding Regional Rural Banks)
Dear Sir,
Section 42(1) of the Reserve Bank of India Act, 1934 and Section 24 of the Banking Regulation Act, 1949 - FCNR(B)/NRE deposits - exemption from maintenance of CRR/SLR and exclusion from ANBC for Priority Sector Lending
At present, banks are required to include all Foreign Currency Non-Resident Bank [FCNR (B)] and Non-Resident (External) Rupee (NRE...
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RBI |
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Clean Note Policy
Posted Date : 18-Aug-2013 , 12:57:37 am | Posted By: Vinay Sharma
RBI/2013-14/183DCM (NPD) No. G-11 /09.39.000 /2013-14
August 14, 2013
The Chairman and Managing Director / The Chief Executive OfficerAll Banks (including Co-operative banks and RRBs)
Madam / Dear Sir,
Clean Note Policy
Please refer Bank’s directive videDBOD No. Dir. BC. 43/13.03.00/2001-02 dated November 07, 2001andcircular DCM (NPD) No. 5133/09.39.000/2012-13 dated May 10, 2013on the captioned subject.
2. It has been noticed that at certain branches of banks, the practice of writin...
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RBI |
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Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee\'s Al Qaida Sanctions List and Consolidated List
Posted Date : 18-Aug-2013 , 12:57:20 am | Posted By: Vinay Sharma
RBI/2013-14/182DBOD. AML.No. 2406/14.06.001/2013-14
August 14, 2013
The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions
Dear Sir,
Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List and Consolidated List
Please refer to ourcircular DBOD. AML No. 14982/14.06.001/2012-13 dated April 17, 2013on the captioned subject. We have since received from Gove...
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RBI |
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Exemption u/s 35(1)(ii) - Approved Scientific Research Associations/Institutions - Centre for Development of Telematics (C-DOT), New Delhi
Posted Date : 14-Aug-2013 , 06:27:03 pm | Posted By: Vinay Sharma
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II,
SECTION 3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
NOTIFICATION NO. 62/2013
DATED 13-8-2013
It is hereby notified for general information that the organization "Centre for Development of Telematics (C-DOT), New Delhi (PAN-AAATC3895K) has been approved by the Central Government for the purpose ofclause (ii) of sub-section (1) of section 35of theIncome-tax...
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Income Tax |
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Amendment in the policy for import of Ammonium Nitrate
Posted Date : 14-Aug-2013 , 06:26:24 pm | Posted By: Vinay Sharma
To be Published in the Gazette of India Extraordinary
Part-II, Section - 3, Sub-Section (ii)
Government of India
Ministry of Commerce & Industry
Department of Commerce
Udyog Bhawan
Notification No. 34 (RE–2013)/2009-2014
New Delhi, Dated 14thAugust, 2013
Subject: Amendment in the policy for import of Ammonium Nitrate.
S.O.(E)- In exercise of powers conferred bySection 5of theForeign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), read withparagraph 2.1of theFo...
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DGFT |
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Liberalised Remittance Scheme for Resident Individuals- Reduction of limit from USD 200,000 to USD 75,000
Posted Date : 14-Aug-2013 , 06:25:22 pm | Posted By: Vinay Sharma
RBI/2013-14/181A. P. (DIR Series) Circular No.24
August 14, 2013
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Liberalised Remittance Scheme for Resident Individuals- Reduction of limit from USD 200,000 to USD 75,000
Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to the guidelines regarding the Liberalised Remittance Scheme (LRS) for Resident Individuals (the Scheme).
2. On a review of the scheme, it has now been decided to reduce the existing limi...
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RBI |
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Overseas Direct Investments
Posted Date : 14-Aug-2013 , 06:24:58 pm | Posted By: Vinay Sharma
RBI/2013-14/180A. P. (DIR Series) Circular No.23
August 14, 2013
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Overseas Direct Investments
Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to theNotification No. FEMA.120/RB-2004 dated July 7, 2004, [Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004], as amended from time to time (the Notification) and theA.P. (DIR Series) Circular No. 11 dated September 26, 2007;...
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FEMA |
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Distribution of Banknotes and Coins - Review of Incentives and Penalties
Posted Date : 14-Aug-2013 , 06:24:21 pm | Posted By: Vinay Sharma
RBI/2013-2014/179DCM (CC) No. G- 10/03.39.01/2013-14
August 12, 2013
The Chairman & Managing Directors /Chief Executive OfficersAll Scheduled Commercial banks(Including RRBs and UCBs)
Dear Sir/Madam
Distribution of Banknotes and Coins - Review of Incentives and Penalties
Please refer to paragraph 109 of the Monetary Policy Statement 2013-14 announced on May 03, 2013 (extract enclosed). In this connection, a reference is invited to theMaster Circular DCM (CC) No. G – 3/03.39.01/ 20...
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RBI |
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QFIs can invest in \'to be listed\' debt securities; delay in listing would trigger its sale - SEBI clarifies
Posted Date : 14-Aug-2013 , 06:17:57 pm | Posted By: Vinay Sharma
INVESTMENT BY QUALIFIED FOREIGN INVESTORS (QFIs) IN "TO BE LISTED" INDIAN CORPORATE DEBT SECURITIES
CIRCULAR NO. IMD/FIIC/13/2013,DATED 13-8-2013
1.
Vide SEBI circularIMD/FII&C/17/2012 dated July 18, 2012, QFIs had been allowed to invest in listed/to be listed Indian corporate debt securities through public issues and units of debt schemes of Indian mutual funds.
2.
Based on the feedback received from market participants, with a view to align the eligibility criteria for...
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SEBI |
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CBEC releases FAQs on Service Tax Amnesty Scheme
Posted Date : 14-Aug-2013 , 06:15:06 pm | Posted By: Vinay Sharma
...
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Service Tax |
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Regarding amendment of notification No. 12/2012-Customs dated 17 march 2012
Posted Date : 14-Aug-2013 , 11:44:22 am | Posted By: Vinay Sharma
[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. 41/2013-Customs
New Delhi, the 13thAugust, 2013
G.S.R.(E). - In exercise of the powers conferred by sub-section (1) of section25 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 amendments in the n...
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Custom |
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Export of Finished Leather, Wet Blue and EI Tanned Leather to be permitted through the notified port
Posted Date : 14-Aug-2013 , 11:43:34 am | Posted By: Vinay Sharma
To be published in the Gazette of India Extraordinary Part-I, Section-I
Government of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade
Public Notice No. 23 (RE-2013) / 2009-14
New Delhi: the 13thAugust, 2013
Subject: Export of Finished Leather, Wet Blue and EI Tanned Leather to be permitted through the notified port.
In exercise of the powers conferred underParagraph 2.4of theForeign Trade Policy, 2009-14,as amended from time to time, Di...
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DGFT |
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Sum paid for compounding of FEMA violations to be refunded via NEFT if compounding couldn\'t be proceeded with
Posted Date : 14-Aug-2013 , 11:31:17 am | Posted By: Vinay Sharma
FOREIGN EXCHANGE (COMPOUNDING PROCEEDINGS) RULES, 2000 - COMPOUNDING OF CONTRAVENTIONS UNDER FEMA, 1999
A.P. (DIR SERIES 2013-14) CIRCULAR NO. 20,DATED 12-8-2013
Attention of Authorised Dealers (ADs) and their constituents is invited to paragraph 7.2 ofA.P. (DIR Series) Circular No. 56 dated June 28, 2010wherein they were advised to ensure that the applications for compounding are submitted only after the transactions are complete and all the requisite approvals are in place. Of late, we have ...
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FEMA |
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SEBI Meet: Illegal mobilization of funds by unregistered entities held as fraudulent and unfair trade practice
Posted Date : 14-Aug-2013 , 11:28:45 am | Posted By: Vinay Sharma
SEBI BOARD MEETING - CLARIFICATORY AMENDMENT TO THE SEBI (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO SECURITIES MARKETS) REGULATIONS, 2003; SECURITIES LAWS (AMENDMENT) ORDINANCE, 2013 AND INDEPENDENT CONSULTANT
PRESS RELEASE NO. 73/2013,DATED 12-8-2013
The SEBI Board met in Mumbai today and took the following decisions:
1. Amendment to the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 - Illegal mobilization of...
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SEBI |
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Special Economic Zones (Amendment) Rules, 2013 - Amendment In Rules 5, 11 & 19 and Insertion Of Rule 74A & Annexure IVA
Posted Date : 14-Aug-2013 , 11:28:26 am | Posted By: Vinay Sharma
SPECIAL ECONOMIC ZONES (AMENDMENT) RULES, 2013 - AMENDMENT IN RULES 5, 11 & 19 AND INSERTION OF RULE 74A & ANNEXURE IVA
NOTIFICATION [F.NO.C.2/1/2013-SEZ],DATED 12-8-2013
In exercise of the powers conferred by section 55 of the Special Economic Zones Act, 2005(28 of 2005), the Central Government hereby makes the following rules further to amend the Special Economic Zones Rules, 2006, namely:—
1.(1) These rules may be called the Special Economic Zones (Amendment) Rules, 2013.
(2...
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Income Tax |
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Exim Bank\'s Line of Credit to the Government of the Federal Democratic Republic of Ethiopia
Posted Date : 13-Aug-2013 , 12:32:34 pm | Posted By: Vinay Sharma
RBI/2013-14/178A.P. (DIR Series) Circular No. 22
August 12, 2013
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Exim Bank's Line of Credit of USD 300 million to theGovernment of the Federal Democratic Republic of Ethiopia
Export-Import Bank of India (Exim Bank) has entered into an Agreement dated June 13, 2013 with the Government of the Federal Democratic Republic of Ethiopia, for making available to the latter, a Line of Credit (LOC) of USD 300 million (USD Three hundred milli...
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Category :
FEMA |
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Exim Bank\'s Line of Credit to the Republic of Zimbabwe
Posted Date : 13-Aug-2013 , 12:32:11 pm | Posted By: Vinay Sharma
RBI/2013-14/177A.P. (DIR Series) Circular No. 21
August 12, 2013
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Exim Bank's Line of Credit of USD 28.60 millionto the Republic of Zimbabwe
Export-Import Bank of India (Exim Bank) has entered into an Agreement dated June 21, 2013 with the Republic of Zimbabwe, for making available to the latter, a Line of Credit (LOC) of USD 28.60 million (USD Twenty- eight million six hundred thousand only) for financing eligible goods, services, ...
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Category :
FEMA |
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Compounding of Contraventions under FEMA, 1999
Posted Date : 13-Aug-2013 , 12:31:43 pm | Posted By: Vinay Sharma
RBI/2013-14/176 A.P. (DIR Series) Circular No. 20
August 12, 2013
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Foreign Exchange Management Act, 1999 (FEMA) Foreign Exchange (Compounding Proceedings) Rules, 2000 (the Rules) - Compounding of Contraventions under FEMA, 1999
Attention of Authorised Dealers (ADs) and their constituents is invited to paragraph 7.2 ofA.P. (DIR Series) Circular No. 56 dated June 28, 2010wherein they were advised to ensure that the applications for com...
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Category :
FEMA |
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Option to close cases of default in Export Obligation
Posted Date : 13-Aug-2013 , 12:22:17 pm | Posted By: Vinay Sharma
TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY (PART-I, SECTION-1)
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
PUBLIC NOTICE No. 22(RE-2013)/ 2009-2014
NEW DELHI, DATED THE 12thAugust, 2013
Subject: Option to close cases of default in Export Obligation.
In exercise of powers conferred underParagraph 2.4theForeign Trade Policy, 2009-2014,the Director General of Foreign Trade hereby provides a procedure to close cases of default in Export Obligation u...
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DGFT |
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Seeks to levy definitive antidumping duty on resin or other organic substances bonded fibre boards etc
Posted Date : 13-Aug-2013 , 12:20:30 pm | Posted By: Vinay Sharma
[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. 18/2013-Customs (ADD)
New Delhi, dated the 8thAugust, 2013
G.S.R. 538 (E).– Whereas, in the matter of resin or other organic substances bonded wood or ligneous fibre boards of thickness below 6mm, except insulation boards, laminated fibre boards and boards which are not bonded either by resin or other organic s...
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Category :
Custom |
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CBDT authorised 13 entities to issue tax-free bonds of 48,000 crores; interest rate linked to G-sec rate
Posted Date : 13-Aug-2013 , 12:16:45 pm | Posted By: Vinay Sharma
SECTION 10(15), ITEM (h) OF SUB-CLAUSE (iv) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS - INTEREST ON BONDS/DEBENTURES - SPECIFIED COMPANIES AUTHORIZED TO ISSUE TAX-FREE, SECURED, REDEEMABLE, NON-CONVERTIBLE BONDS DURING F.Y. 2013-14 SUBJECT TO SPECIFIED CONDITIONS
NOTIFICATION NO. 61/2013[F.NO.178/37/2013-(ITA-I)]/SO 2424(E),DATED 8-8-2013
In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Governme...
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Income Tax |
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Security arrangement in Vyapar Bhawan in connection with Independence Day celebrations 2013.
Posted Date : 12-Aug-2013 , 07:25:02 pm | Posted By: CASANSAAR
In view of the Security arrangements by. Deihi Poliace in connection with Indepedence Day Celeberation .. 2013( the sealing and checking process of the Vyapar Bhawan building will be conducted by the. Pohce from 02.00 p.m. Onwards on 12.08.2013 and.14.08.2013. The de-sealinq will be done on next day till 12 noonon 13.08.2013
It is further clarified that no staff shall leave Ole office premises before 2.00 ..p.rn. on 12.08.2013 & 14.08.2013 and all staff will report for duty at 12 noon sha...
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VAT |
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Modified Industrial Infrastructure Upgradation Scheme
Posted Date : 10-Aug-2013 , 11:53:43 am | Posted By: Vinay Sharma
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Industrial Policy and Promotion)
NOTIFICATIONNo.10/1/2012-DBA-I(Part)
Modified Industrial Infrastructure Upgradation Scheme
1.Introduction
1 .1Industrial Infrastructure Upgradation Scheme (IIUS) was launched in 2003as a Central Sector Scheme toenhance competitiveness of industry br providing quality infrastructure through public private partnership in selectedfunctional clusters. Central assistance upto 75% of the project cost subject to a ce...
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Corporate Laws |
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