Commodities Transaction Tax Rules, 2013
Posted Date : 20-Jun-2013 , 07:15:56 pm | Posted By: CASANSAAR
In exercise of the powers conferred by sub-sections (1) and (2) of section 133 of the Finance Act, 2013 (17 of 2013), the Central Government hereby makes the following rules relating to commodities transaction tax, namely:-
Short title and commencement.
1.(1) These rules may be called the Commodities Transaction Tax Rules, 2013.
(2) They shall come into force on the 1st day of July, 2013.
Definitions.
2.(1) In these rules, unless the context otherwise requires,-
(a)
"Act" means ...
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Income Tax |
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Commodities Transaction Tax - Notified Date for Enforcement
Posted Date : 20-Jun-2013 , 07:12:12 pm | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
New Delhi, the 19 June, 2013
NOTIFICATION
S.O. 1768 (E).- In exercise of the powers conferred by sub-section(2) of section 115 of the Finance Act, 2013 (17 of 2013), theCentral Government hereby appoints the 1st day of July, 2013 asthe date on which Chapter VII of the said Act shall come intoforce.
[Notification No. 45/2013: F.No. 142/09/2013-TPL]
(Gaurav Kanaujia)
Director to the Government of India...
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Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR
Posted Date : 20-Jun-2013 , 07:05:44 pm | Posted By: CASANSAAR
RBI/2012-13/537A.P. (DIR Series) Circular No. 112
June 20, 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.95 dated April 4, 2013, wherein the Rupee value of the special currency basket was indicated as Rs.73.141761 effective from March 18, 2013.
2. AD Cat...
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FEMA |
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Risk Weights on deposits placed with NABARD/SIDBI/NHB in lieu of shortfall in achievement of priority sector lending targets/sub-targets
Posted Date : 20-Jun-2013 , 07:05:00 pm | Posted By: CASANSAAR
RBI/2012-13/536DBOD.BP.BC. No.103/21.06.001/2012-13
June 20, 2013
The Chairman and Managing Director/Chief Executive Officer ofAll Commercial Banks(excluding LABs and RRBs)
Dear Sir
Risk Weights on deposits placed with NABARD/SIDBI/NHB in lieu ofshortfall in achievement of priority sector lending targets/sub-targets
It has been observed that there is a lack of uniformity among banks in application of risk weights on claims on deposits placed with NABARD/SIDBI/NHB, in lieu of shortfall in ac...
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RBI |
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Amendment in Para 2.38 of Foreign Trade Policy, 2009-2014
Posted Date : 19-Jun-2013 , 09:28:29 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 AND INDUSTRY
DEPARTMENT OF COMMERCE
Notification No. 24 (RE-2013)/2009-2014
New Delhi, Dated the 19thJune, 2013
Subject: Amendment in Para 2.38 of Foreign Trade Policy, 2009-2014.
S.O. (E): In exercise of powers conferred underSection 5of theForeign Trade (Development and Regulation) Act, 1992read withparagraph 2.1of theForeign Trade Policy, 2009-2014, as ame...
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DGFT |
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Safeguard investigation concerning imports of Hot Rolled Flat products of Stainless Steel of 304 grade into India from China PR-Final findings-Reg.
Posted Date : 19-Jun-2013 , 11:35:00 am | Posted By: Vinay Sharma
MINISTRY OF FINANCE
(Department of Revenue)
DIRECTORATE GENERAL OF SAFEGUARDS
CUSTOMS AND CENTRAL EXCISE
CORRIGENDUM
New Delhi, the 30thMay, 2013
Subject : Safeguard investigation concerning imports of Hot Rolled Flat products of Stainless Steel of 304 grade into India from China PR-Final findings-Reg.
G.S.R. 346(E).—The product under consideration has been duly discussed in para 31 of the Final Findings and therefore the following substitution in the Final Findings of the Safeguard...
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Custom |
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Prudential Norms for Off-balance Sheet Exposures of Banks
Posted Date : 18-Jun-2013 , 09:48:25 pm | Posted By: Vinay Sharma
RBI/2012-13/535DBOD.No.BP.BC.102/21.04.157/2012-13
June 18, 2013
The Chairman and Managing Directors/ Chief Executive Officers ofAll Scheduled Commercial Banks (excluding RRBs and LABs) &All India Term-Lending & Refinancing Institutions
Madam / Sir,
Prudential Norms for Off-balance Sheet Exposures of Banks – Deferment of Option Premium
Banks are permitted to defer, at their discretion, the premium on plain vanilla options sold by them to users subject to certain conditions wit...
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RBI |
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CORRIGENDUM - 24x7 Customs Operation at Major Ports and Airports
Posted Date : 18-Jun-2013 , 09:47:55 pm | Posted By: Vinay Sharma
CORRIGENDUM - 2
F. No. 450/25/2009 - Cus IV
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
******
New Delhi, Dated 14thJune 2013
To,
All Chief Commissioner of Customs
All Chief Commissioner of Customs (Preventive)
All Chief Commissioner of Customs and Central Excise
All Commissioners of Customs / Customs (Preventive)
All Commissioners of Customs & Central Excise.
Subject : - 24x7 Customs Operation at Major Ports and Airports &n...
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Custom |
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Amendment in Notification No 39(RE-2012)/2009-14 dated 25th March, 2013 relating to export of edible oils.
Posted Date : 18-Jun-2013 , 09:47:13 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 22 (RE – 2013)/2009-2014
New Delhi, Dated : 18 June, 2013
Subject: Amendment in Notification No 39(RE-2012)/2009-14 dated 25th March, 2013 relating to export of edible oils.
S.O.(E) In exercise of the powers conferred bySection 5of theForeign Trade (Development & Regulation) Act...
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DGFT |
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Prohibition on import of milk and milk products from China.
Posted Date : 18-Jun-2013 , 09:46:39 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. 23 (RE – 2013)/2009-2014
New Delhi, Dated the 18thJune, 2013
Subject: - Prohibition on import of milk and milk products from China.
S.O. (E): In exercise of powers conferred underSection 5of theForeign Trade (Development and Regulation) Act, 1992read withparagraph 2.1of theForeign Tr...
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DGFT |
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Appointment of New Chairperson for CBDT
Posted Date : 17-Jun-2013 , 10:59:05 pm | Posted By: Vinay Sharma
Government of India
Ministry of Finance
Department of Revenue
New Delhi, the 14thJune, 2013
OFFICE ORDER No. 127/ 2013
The President of India is pleased to appoint Ms. Sudha Sharma, Member, Central Board of Direct Taxes as Chairperson of the Central Board of Direct Taxes (CBDT) in the Department of Revenue, Ministry of Finance in the pay scale ofRs.80,000/- (fixed) with the status of Special Secretary to the Government of India against the existing vacancy, from the date of her taking charg...
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Review of Prudential Guidelines on Restructuring of Advances by Financial Institutions (FIs)
Posted Date : 17-Jun-2013 , 10:58:11 pm | Posted By: Vinay Sharma
RBI/2012-13/534DBOD.FID.FIC.No.5/01.02.00 /2012-13
June 17, 2013
The CEOs of All-India Term-Lending and Refinancing Institutions(Exim Bank, NABARD, NHB and SIDBI)
Dear Sir,
Review of Prudential Guidelines on Restructuring of Advancesby Financial Institutions (FIs)
In continuation of our letterDBOD.FID.FIC.No.6/01.02.00/2010-11 dated October 14, 2010on the captioned subject, please find enclosedcircular DBOD.BP.BC.No.99/ 21.04.132/2012-13 dated May 30, 2013and the Mail Box Clarification date...
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RBI |
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UCBs - Frauds- Classification and Reporting System
Posted Date : 17-Jun-2013 , 10:57:52 pm | Posted By: Vinay Sharma
RBI 2012-13/533UBD CO BPD (PCB) Cir. No. 56 /12.05.001/2012-13
June 13, 2013
Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Frauds- Classification and Reporting System
Please refer to ourMaster Circular UBD.CO.BPD. (PCB) MC No. 17/12.05.001/2012-13 dated July 02, 2012on the captioned subject.
2. As per para 3.3.1 of the above Master Circular, the cases of individual frauds involving amounts of Rs.25.00 lakh and above should be reported to Frauds Monitoring ...
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RBI |
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Services provided to exporters against FMS Scrips - Exemption to apply exporter-wise
Posted Date : 17-Jun-2013 , 10:54:57 pm | Posted By: Vinay Sharma
SECTION 93 OF THE FINANCE ACT, 1994 - EXEMPTIONS - EXEMPTION TO SERVICES PROVIDED TO EXPORTERS AGAINST DEBIT TO FMS DUTY CREDIT SCRIP - EXPORT PERFORMANCE TO BE COMPUTED EXPORTER-WISE AND NOT GROUP-WISE AND CERTAIN EXPORTS EXCLUDED FROM SUCH COMPUTATION
NOTIFICATION NO.11/2013-ST,DATED 13-6-2013
In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, on being satisfied that it is necessary in the public interest so to ...
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Service Tax |
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Amends Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001
Posted Date : 15-Jun-2013 , 10:09:52 pm | Posted By: Vinay Sharma
[TO BE PUBLISHED IN PART-II, SECTION-3, SUB-SECTION (ii) OF THE GAZETTE OF INDIA, EXTRAORDINARY]
Government of India
Ministry of Finance
(Department of Revenue)
(Central Board of Excise and Customs)
NOTIFICATION NO. 62/2013-CUSTOMS (N.T)
Dated : June 14, 2013
In exercise of the powers conferred bysub-section (2) of section 14of theCustoms Act, 1962 (52 of 1962),the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the followin...
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Custom |
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Amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.6/2013-Service Tax, dated the 18th April, 2013
Posted Date : 15-Jun-2013 , 10:08:18 pm | Posted By: Vinay Sharma
[TO BE PUBLISED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION
3, SUB SECTION (i)]
Government of India
Ministry of Finance
(Department of Revenue)
Notification No. 11 / 2013 - Service Tax
New Delhi, the 13thJune, 2013
G.S.R. 373(E).-In exercise of the powers conferred bysub-section (1) of section 93of theFinance Act, 1994 (32 of 1994), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in thenoti...
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Service Tax |
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Amends Notification No. 30/2012-Central Excise dated the 9th July, 2012
Posted Date : 15-Jun-2013 , 10:07:40 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. 21 / 2013-Central Excise
New Delhi, dated the 13thJune, 2013
G.S.R. 372(E).-In exercise of the powers conferred bysub-section (1) of section 5Aof theCentral Excise Act, 1944 (1 of 1944), read withsub-section (3) of section 3of theAdditional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957)andsub-se...
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Excise |
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Amends Notification No. 93/2009-Customs, dated the 11th September, 2009
Posted Date : 15-Jun-2013 , 10:07:05 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. 32 / 2013-Customs
New Delhi, the 13thJune, 2013
G.S.R. 371(E).-In exercise of the powers conferred bysub-section (1) of section 25of theCustoms 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 amendments in thenotificat...
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Custom |
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atter to be litigated if aggregate of redemption fine and penalty taken together exceed the minimum tax effect
Posted Date : 14-Jun-2013 , 10:24:19 pm | Posted By: Vinay Sharma
REDUCTION OF GOVERNMENT LITIGATION - PROVIDING MONETARY LIMITS FOR FILING APPEALS BY THE DEPARTMENT BEFORE CESTAT/HIGH COURTS AND SUPREME COURT
INSTRUCTION [F. NO. 390/MISC./163/2010-JC],DATED 3-6-2013
I am directed to refer to Instruction of even number dated 17-8-2011 on the captioned subject.
Reference has been received regarding the application of the threshold limit prescribedvideInstructionibidto cases where either redemption fine alone is in dispute or both redemption fine and penalty ...
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Custom |
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RBI issues notification to amend NBFC Prudential Norms Directions, 2007
Posted Date : 14-Jun-2013 , 10:14:02 pm | Posted By: Vinay Sharma
NON-BANKING FINANCIAL (NON-DEPOSIT ACCEPTING OR HOLDING) COMPANIES PRUDENTIAL NORMS (RESERVE BANK) DIRECTIONS, 2007 - AMENDMENT IN PARA 20A
NOTIFICATION NO.DNBS(PD).256/CGM (CRS) 2013,DATED 11-6-2013
The Reserve Bank of India, having considered it necessary in public interest and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to amend the Non-Banking Financial (Non-Deposit Accepting or Holding) Companies...
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Prohibition on NBFC to become partners in a LLP; NBFC Prudential Norms Directions Amended
Posted Date : 14-Jun-2013 , 10:12:58 pm | Posted By: Vinay Sharma
NON-BANKING FINANCIAL (DEPOSIT ACCEPTING OR HOLDING) COMPANIES PRUDENTIAL NORMS (RESERVE BANK) DIRECTIONS, 2007 - AMENDMENT IN PARA 19A
NOTIFICATION NO. DNBS(PD). 255/CGM (CRS) 2013,DATED 11-6-2013
The Reserve Bank of India, having considered it necessary in public interest and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to amend the Non-Banking Financial (Deposit Accepting or Holding) Companies Prude...
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Corporate Laws |
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Establishment of Connectivity with both depositories NSDL and CDSL-Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement
Posted Date : 14-Jun-2013 , 10:11:53 pm | Posted By: Vinay Sharma
...
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SEBI |
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Central Government hereby authorizes the officers for the purposes of exercising powers under Section 13 read with Section 11 of the FT(DR) Act, 1992.
Posted Date : 14-Jun-2013 , 09:59:40 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 AND INDUSTRY
DEPARTMENT OF COMMERCE
NOTIFICATION No. 20 (RE-2013)/2009-2014
New Delhi, dated the 13thJune, 2013
S.O. (E)- In exercise of the powers conferred bysection 13of theForeign Trade (Development and Regulation) Act, 1992 (22 of 1992)and in supersession of the earlier Notifications mentioned below, the Central Government hereby authorizes the officers ...
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DGFT |
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Extension of Special Package of Industrial Incentive for the State of Jammu & Kashmir
Posted Date : 14-Jun-2013 , 09:58:46 pm | Posted By: Vinay Sharma
Extension of Special Package of Industrial Incentive for the State of Jammu & Kashmir
June 14, 2013
The Department of Industrial Policy & Promotion (DIPP), Government of India, has extended the Special Package for Industrial Development of Jammu & Kashmir (J&K) for a further period of 5 years, upto 14thJune, 2017. The earlier package of Industrial Incentive for the State of J&K was announced on 14.06.2002 for a period ...
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Corporate Laws |
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Central Government hereby authorizes the officers to function as Appellate Authority.
Posted Date : 14-Jun-2013 , 09:56:44 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 AND INDUSTRY
DEPARTMENT OF COMMERCE
NOTIFICATION No. 21 (RE-2013)/2009-2014
New Delhi, dated the 13thJune, 2013
S.O., In exercise of the powers conferred byclause (b) of sub-section (1) of Section 15of theForeign Trade (Development and Regulation) Act, 1992 (22 of 1992)and in supersession of the earlier Notifications referred below, the Central Government her...
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DGFT |
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Ruling under section 85 of DVAT Act, 2004 in respect of Sun Glasses.
Posted Date : 14-Jun-2013 , 09:55:39 pm | Posted By: Vinay Sharma
(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY),
GOVERNMENT OF NATIONAL TERRITORY OF DELHI
DEPARTMENT OF TRADE AND TAXES, COMMISSIONER, VAT
VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110002
No. 337/CDVAT/2013/163 Dated: 11-6-2013
NOTIFICATION
Ruling under section 85 of DVAT Act, 2004in respect of Sun Glasses.
VATO (Ward-101), Department of Trade & Taxes, has filed an application under section 85 of the DVAT Act, 2004 (herein...
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VAT |
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Multiple firms can\'t be converted into single LLP; LLP deemed to be the auditor on conversion of CA firm into LLP
Posted Date : 13-Jun-2013 , 07:59:12 pm | Posted By: Vinay Sharma
CLARIFICATION ON CONVERSION OF A FIRM INTO A LIMITED LIABILITY PARTNERSHIP
GENERAL CIRCULAR NO. 09/2013 [F.NO. 1/10/2012-CL-V],DATED 30-4-2013
The Ministry has been examining some of the issues raised by stakeholders with regard to clarifications on the provisions of the Limited Liability Partnership (LLP) Act,2008 with regard to conversion of a partnership firm into LLP. The issues relate to clarification with regard to (i) conversion of multiple partnership firms (including audit firms) into...
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Corporate Laws |
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SEBI enhances the limit of Foreign Investment in government debts for specified FIIs
Posted Date : 13-Jun-2013 , 07:57:35 pm | Posted By: Vinay Sharma
ENHANCEMENT IN FOREIGN INVESTMENT LIMITS IN GOVERNMENT DEBT
CIRCULAR NO. IMD/FIIC/8/2013,DATED 12-6-2013
1.The Government of India has enhanced the Government Debt Limits by USD 5 billion (equivalent to approximately INR 29,137 cr converted at the RBI reference rate of 1 USD = INR 58.274 as on June 12, 2013).
2.It has been decided that the aforesaid enhanced limit of USD 5 billion shall be available for investments only to those FIIs which are registered with SEBI under the categories of Sove...
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SEBI |
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U/s 90 of the Income Tax Act, 1961 - Double Taxation Agreement - Agreement for Exchange of Information to Taxes with Foreign Countries - Principality of Monaco
Posted Date : 13-Jun-2013 , 07:55:22 pm | Posted By: Vinay Sharma
NOTIFICATION NO. 43/2013
DATED 12/06/2013
SO 924(E) -Whereas an Agreement (hereinafter referred to as the said Agreement) between the Government of the Republic of India and the Government of the Principality of Monaco for the exchange of information relating to tax matters was signed at Monaco on the 31st day of July, 2012 ;
And whereas, the date of entry into force of the said Agreement is the 27th day of March, 2013, being the date of later of the notifications of completion of the procedu...
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Income Tax |
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Rate of exchange of conversion of each of the foreign currency with effect from June 14, 2013
Posted Date : 13-Jun-2013 , 07:54:29 pm | Posted By: Vinay Sharma
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS
Notification No. 61/2013-Customs (N.T.)
DATED THE 13th June, 2013
23 Jyaistha, 1935(SAKA)
In excise of the powers conferred bysection 14of theCustoms Act, 1962 (52 of 1962), the Central Board of Excise & Customs (CBEC) hereby makes the following further amendments in theNotification of the Government of India...
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Custom |
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