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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Income Tax |
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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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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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RBI |
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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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UCBs - Fraud Monitoring Cell of Reserve Bank of India, to function from Bengaluru from July 1, 2013
Posted Date : 13-Jun-2013 , 04:48:23 pm | Posted By: Vinay Sharma
RBI/2012-13/531UBD.CO.BPD. (PCB). Cir. No. 55/12.05.001/2012-13
June 13, 2013
Chief Executive OfficersAll Primary Urban Co-operative Banks
Madam/Dear Sir
Fraud Monitoring Cell of Reserve Bank of India, to function from Bengaluru from July 1, 2013
Please refer to thePress Release No. 2012-2013/2045 dated June 5, 2013hosted on the RBI website.
2. It would be observed that the Fraud Monitoring Cell attached to the Department of Banking Supervision, Central Office (DBS, C.O.) will start operat...
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RBI |
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NBFCs - RBI
Posted Date : 13-Jun-2013 , 04:48:00 pm | Posted By: Vinay Sharma
RBI/2012-13/532DNBS (PD) CC.No.329 /03.10.42/2012-13
June 13, 2013
All NBFCs
Dear Sir/Madam,
RBI’s Fraud Monitoring Cell to function from Bengaluru from July 01, 2013
Attention is invited topara 3of Master Circular DNBS.(PD)CC.No.283/03.10.042/2012-13 dated July 2, 2012 on Reporting of Frauds to RBI.
2. The Reserve Bank of India’s Fraud Monitoring Cell attached to Department of Banking Supervision (DBS), Central Office has shifted from the present location at 2nd Floor, World T...
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RBI |
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Export of Cut & Polished Diamonds for Certification/ Grading &Re-import
Posted Date : 13-Jun-2013 , 11:13:01 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. 19(RE-2013) /2009-2014
New Delhi, Dated 12thJune, 2013
Subject :Export of Cut & Polished Diamonds for Certification/ Grading &Re-import
S.O (E) In exercise of the powers conferred bySection 5of theForeign Trade (Development & Regulation) Act, 1992, as amended, read withparagra...
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DGFT |
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Foreign investment in India by SEBI registered Long term investors in Government dated Securities
Posted Date : 13-Jun-2013 , 11:12:06 am | Posted By: Vinay Sharma
RBI/2012-13/530A.P. (DIR Series) Circular No.111
June 12 , 2013
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Foreign investment in India by SEBI registered Long term investors inGovernment dated Securities
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified videNotification No. FEMA.20/2000-RB dated May 3, 20...
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FEMA |
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Mandatory filing of Form 3CEB in case of
Posted Date : 12-Jun-2013 , 07:10:37 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. 41/2013
New Delhi, the 10thJune, 2013
INCOME-TAX
S.O 1491 (E)-In exercise of the powers conferred bysub-sections (1) and (2) of section 92C,section 92Dandsection 92Eread withsection 295of theIncome-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the followin...
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Income Tax |
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Doc. free return filing by trust; mandatory e-filing of audit report by entities claiming specified benefits - CBDT
Posted Date : 12-Jun-2013 , 07:09:07 pm | Posted By: Vinay Sharma
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
[CENTRAL BOARD OF DIRECT TAXES]
NOTIFICATION No. 42/2013
New Delhi, the 11thday of June, 2013
Income-tax
S.O.1513(E).─In exercise of the powers conferred bysection 295of theIncome tax Act, 1961 (43 of 1961),the Central Board of Direct Taxes hereby makes the following rules further to amend theIncome-tax Rules, 1962,namely:-
1. (1) These rules may be called the Income-tax (Seventh Amendment) Rules, 2013.
(2) They shall b...
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Income Tax |
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Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified
Posted Date : 12-Jun-2013 , 07:08:17 pm | 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. 60/2013-Customs (N.T.)
DATED THE 12thJune, 2013
22 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 Gover...
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Custom |
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Foreign Direct Investment
Posted Date : 12-Jun-2013 , 07:07:22 pm | Posted By: Vinay Sharma
RBI/2012-13/529A.P. (DIR Series) Circular No.110
June 12, 2013
To
All Category - I Authorised Dealer banks
Madam / Sir,
Foreign Direct Investment –Reporting of issue / transfer of Shares to/by a FVCI
Attention of Authorised Dealers Category-I (AD Category - I) banks is invited to Regulations 9 and 10 and para 9 of Schedule I to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified videNotification No. FEMA 20/200...
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FEMA |
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Import of live-stock products - Amendment in ITC (HS) 2012, Schedule 1 (Import Policy).
Posted Date : 12-Jun-2013 , 11:46:37 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. 18 (RE–2013)/2009-2014
New Delhi, Dated The 11thJune, 2013
Subject:Import of live-stock products - Amendment in ITC (HS) 2012, Schedule 1 (Import Policy).
S.O.(E) In exercise of powers conferred bySection 5of theForeign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992)...
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DGFT |
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Processing and Settlement of Export related receipts facilitated by Online Payment Gateways
Posted Date : 12-Jun-2013 , 07:44:13 am | Posted By: CASANSAAR
RBI/2012-13/527A.P. (DIR Series) Circular No. 109
June 11, 2013
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Processing and Settlement of Export related receipts facilitated byOnline Payment Gateways – Enhancement of the value of transaction
Attention of Authorised Dealer Category 1 (AD Category – 1) banks is invited to theA.P. (DIR Series) Circular No.35 dated October 14, 2011in terms of which AD Category I banks have been permitted to offer the facility to r...
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FEMA |
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