Clarification on availability of Deemed Export Benefits for supply of goods to Mega Power Projects.
Posted Date : 06-Feb-2013 , 01:38:24 pm | Posted By: Vinay Sharma
Government of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi- 110011
Policy Circular No.14(RE-2012/2009-14 Dated: 4th February, 2013
To
All Regional Authorities
All Customs Authorities
All Members of Trade
Subject: Clarification on availability of Deemed Export Benefits for supply of goods to Mega Power Projects.
Paragraph 8.2(f) of Foreign Trade Policy provides for grant of deemed ex...
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DGFT |
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Income-tax (First Amendment) Rules, 2013 - Insertion of rule 17CA and Form No. 10BC
Posted Date : 06-Feb-2013 , 01:35:44 pm | Posted By: Vinay Sharma
Income-tax (First Amendment) Rules, 2013 – Insertion of rule 17CA and Form No. 10BC
Notification No. 8/2013 [F. No. 142/20/2012-TPL], Dated 31-1-2013
In exercise of the powers conferred by clause (b) of section 13B, read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-
1. (1) These rules may be called the Income-tax (First Amendment) Rules, 2013.
(2) They shall com...
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Income Tax |
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Gold Deposit Scheme, 1999 - Amendment in Notification No. GSR 634(E), dated 14-9-1999
Posted Date : 06-Feb-2013 , 01:24:48 pm | Posted By: Vinay Sharma
Income Tax - IT
Gold Deposit Scheme, 1999 - Amendment in Notification No. GSR 634(E), dated 14-9-1999
Notification No. GSR 46(E)
Dated 24-1-2013
The Central Government, with a view to bringing privately held stock of gold in circulation, reduce the country's reliance on import of gold and providing its owners with some income apart from freeing them from the problems of storage, movement and security of gold in their possession, had notified Gold Deposi...
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Income Tax |
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Amendment in Notification No 24(RE-2012)/2009-14 dated 19th October 2012 relating to export of edible oils.
Posted Date : 06-Feb-2013 , 01:23:43 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 32 (RE – 2012)/2009-2014
New Delhi, Dated : 5th February, 2013
Subject: Amendment in Notification No 24(RE-2012)/2009-14 dated 19th October 2012 relating to export of edible oils.
S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development &a...
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DGFT |
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Exemption to processed and/or value added agricultural products from the application of export restrictions/bans.
Posted Date : 06-Feb-2013 , 01:21:06 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 31 (RE - 2012)/2009-2014
New Delhi, Dated: 4th February, 2013
Subject:- Exemption to processed and/or value added agricultural products from the application of export restrictions/bans.
S.O. (E) In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regu...
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DGFT |
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CBDT notifies Electoral Trusts Scheme, 2013
Posted Date : 04-Feb-2013 , 09:31:05 am | Posted By: CASANSAAR
INCOMETAX NOTIFICATION NO-09/2013, Dated: January 31, 2013
Electoral Trusts Scheme, 2013 notified by CBDT
Inexerciseof the powers conferred by clause (22AAA) of section 2 of theIncome-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following scheme for approval of electoral trusts, namely:-
1. Short title, commencement andapplication– (1) This Scheme may be called theElectoral Trusts Scheme, 2013.
(2) It shall come into force on thedate ofits publication in the Of...
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Income Tax |
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Amends Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001
Posted Date : 01-Feb-2013 , 05:41:07 pm | Posted By: Vinay Sharma
Government of India
Ministry of Finance
(Department of Revenue)
(Central Board of Excise and Customs)
Notification No. 16/2013 – Customs (N. T.)
New Delhi,31stJanuary, 2013
11Magha, 1934 (SAKA)
S.O. ____ (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs 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 following amendment in the notificatio...
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Custom |
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Last date for filing of Cost Audit Report and Compliance Report in XBRL mode further extended to 28-2-2013
Posted Date : 01-Feb-2013 , 05:34:35 pm | Posted By: Vinay Sharma
FILING OF COST AUDIT REPORT AND COMPLIANCE REPORT IN THE EXTENSIBLE BUSINESS REPORTING LANGUAGE (XBRL) MODE - FURTHER EXTENSION OF LAST DATE FOR FILING OF COST AUDIT REPORT & COMPLIANCE REPORT IN XBRL MODE
GENERAL CIRCULAR NO. 2/2013 [52/17/CAB-2011], DATED 31-1-2013
In continuation of MCA's GeneralCircular Nos. 8/2012, dated 10-5-2012[as amended on June 29, 2012],18/2012, dated 26-7-2012and43/2012, dated 26-12-2012, it has been decided that all cost auditors and the companies concerned...
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Corporate Laws |
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Disclosure Requirements on Advances Restructured by Banks and Financial Institutions
Posted Date : 01-Feb-2013 , 05:31:31 pm | Posted By: Vinay Sharma
RBI/2012-13/409DBOD.BP.BC.No.80/21.04.132/2012-13
January 31, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Disclosure Requirements on Advances Restructured by Banks andFinancial Institutions
Please refer to paragraph 16 of Master Circular on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances dated July 2, 2012 in terms of which banks should disclose in their published Annual Balance Sheets, under "Notes on Accounts", inf...
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FEMA |
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Financial Literacy Material
Posted Date : 01-Feb-2013 , 05:30:18 pm | Posted By: Vinay Sharma
RBI/2012-13/408RPCD.FLC.No.7641/12.01.018/2012-13
January 31, 2013
To Chairman/CMDs of Scheduled Commercial Banks(including RRBs)
Dear Sir
Financial Literacy Material
Please refer to ourcircular RPCD.FLC.No.12452/12.01.018/2011-12 dated June 6, 2012regarding revised guidelines on the Financial Literacy Centres (FLC), in terms of which it was advised that FLCs and all the rural branches of scheduled commercial banks should scale up financial literacy efforts through conduct of outdoor Fina...
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RBI |
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Standing Liquidity Facilities for Banks and Primary Dealers
Posted Date : 30-Jan-2013 , 12:43:21 pm | Posted By: Vinay Sharma
RBI/2012-13/400 REF.No.MPD.BC.361 /07.01.279/2012-13
Magha 9, 1934 (Saka) January 29, 2013
To
All Scheduled Banks [excluding Regional Rural Banks(RRBs) ] and Primary Dealers
Dear Sir/Madam,
Standing Liquidity Facilities for Banks and Primary Dealers
Please refer to the Third Quarter Review of Monetary Policy 2012-13 dated January 29, 2013, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been decreased by 25 basis points from 8.00 per cent to 7.75 p...
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RBI |
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Maintenance of Cash Reserve Ratio (CRR)
Posted Date : 30-Jan-2013 , 12:42:48 pm | Posted By: Vinay Sharma
RBI/2012-13/401 Ref: DBOD.No.Ret. BC.76/12.01.001/2012-13
January 29, 2013
All Scheduled Commercial Banks & Local Area Banks (Excluding Regional Rural Banks)
Dear Sir,
Maintenance of Cash Reserve Ratio (CRR)
Please refer to our Circular DBOD.No.Ret.BC.52/12.01.001/2012-13 dated October 30, 2012 on the captioned subject.
2. As set out in the Reserve Bank's Press Release 2012-2013/1267 dated January 29, 2013, it has been decided to reduce the Cash Reserve Ratio (CRR) of Schedul...
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RBI |
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DVAT - Oriental Bank of Commerce and Vijaya Bank added for e-tax payment.
Posted Date : 29-Jan-2013 , 10:25:40 pm | Posted By: Vinay Sharma
(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI
OFFICE OF THE COMMISSIONER, VALUE ADDED TAX
VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002
No.F.7(239)/P-I/VAT/ 2009/1130-1143 Dated 23.1.2013
NOTIFICATION
In exercise of the powers conferred under sub-rule (2) of Rule 31 of the Delhi Value Added Tax Rules, 2005, read with clause (b) of sub- rule 4 of rule 2 of the said Rules and Section 36 of the Delhi Val...
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VAT |
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Liquidity Adjustment Facility
Posted Date : 29-Jan-2013 , 06:27:58 pm | Posted By: Vinay Sharma
RBI/2012-2013/398 FMD.MOAG. No.74/01.01.001/2012-13
January 29, 2013
All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers
Dear Sir,
Liquidity Adjustment Facility – Repo and Reverse Repo and Marginal Standing Facility Rates
As announced today by the Governor in the Third Quarter Review of the Monetary Policy 2012-13, it has been decided to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 8.00 per cent to 7.75 per cent with...
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RBI |
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Third Quarter Review of Monetary Policy 2012-13
Posted Date : 29-Jan-2013 , 11:34:01 am | Posted By: Vinay Sharma
By Dr. D. Subbarao Governor
Introduction
Since the Second Quarter Review (SQR) of Monetary Policy in October 2012, headwinds holding back the global economy have begun to abate gradually, although sluggish conditions prevail. In the US, activity gathered momentum in Q3 of 2012 but this is unlikely to have been sustained in Q4. While a political consensus to avert the ‘fiscal cliff’ has calmed financial markets, how the debt ceiling is managed will be crucial in shapi...
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RBI |
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Efiling of Q3 punjab vat returns to start from 31-01-2013
Posted Date : 29-Jan-2013 , 08:53:25 am | Posted By: CASANSAAR
GOVT. of PUNJAB
Excise and Taxation Department
PUBLIC NOTICE
Dated: 28th January 2013
Attention: All VAT Dealers, Advocates, Chartered Accountants and Cost Accountants
Subject: Update on launch date for e-Filing of VAT 15
1. This is to inform all concerned that the e-Filing of VAT 15 for 3rdquarter of Financial Year2012-13 would tentatively start from 31stJanuary 2013.
2. For all information and queries related to e-Filing of VAT 15, please email athelpdesk.pex@wipro.com or call t...
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VAT |
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System Assisted Assessment on the basis of 2A and 2B data mismatch for Tax period July, August, September, 2012.
Posted Date : 28-Jan-2013 , 05:55:49 pm | Posted By: Vinay Sharma
DEPARTMENT OF TRADE AND TAXES
VYAPAR BHAWAN, I.P.ESTATE, NEW DELHI-110002
PUBLIC NOTICE
Sub: System Assisted Assessment on the basis of 2A and 2B data mismatch for Tax period July, August, September, 2012.
The date of assessment to be framed on the basis of mismatch between 2A and 2B data filed by dealers has been extended by two weeks and the assessment and penalty orders will be issued within next five working days.
All dealers are, therefore, requested to check the status of online a...
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VAT |
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Notification No. 1-CA(7)/145/2012 dated August 1, 2012, a CPT candidate
Posted Date : 27-Jan-2013 , 08:55:28 pm | Posted By: Mrattunjay
As per amended Regulations to the Chartered Accountants Regulations 1988 vide Notification No. 1-CA(7)/145/2012 dated August 1, 2012, a CPT candidate shall be declared to have passed the test if he obtains at one sitting a minimum of 30% marks in each section and a minimum of 50% marks in aggregate of all the sections, subject to the principle of negative marking....
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Students Zone |
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Mechanism for
Posted Date : 25-Jan-2013 , 06:51:38 pm | Posted By: Vinay Sharma
Comprehensive guidelines on Offer For Sale (OFS) of Shares by Promoters through the Stock Exchange Mechanism
CIRCULAR No. MRD/DP/04/2013, dated 25-1-2013
1. Comprehensive guidelines on sale of shares through OFS mechanism were issued vide Circular No. MRD/DP/18/2012, dated July 18, 2012. Based on past experience of sale of shares through OFS, the mechanism of OFS has been found to be useful by market participants and popular for offloading shares of promoters in listed companies in ord...
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SEBI |
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Deduction Of Tax At Source - Interest Other Than Interest On Securities
Posted Date : 25-Jan-2013 , 04:30:43 pm | Posted By: Vinay Sharma
Income Tax - IT
Deduction Of Tax At Source - Interest Other Than Interest On Securities
Notification No. 4/2013
Dated 24-1-2013
In exercise of the powers conferred by sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 the Central Government hereby notifies the National Skill Development Fund (PAN AABTN5824G) for the purpose of sub-clause (f) clause (iii) of sub-section (3) of said section.
[F.NO.275/28/2012-IT(...
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Income Tax |
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RBI suggests Banks to opt
Posted Date : 25-Jan-2013 , 04:27:51 pm | Posted By: Vinay Sharma
Retail issue of Subordinated Debt for raising Tier II capital
circular DBOD.BP.BC. No.72/21.01.002/2012-13, dated 24-1-2013
Please refer to our circular DBOD.BP.BC.No.69/21.01.002/2009-10, dated January 13, 2010 on the above subject, advising banks to adhere to certain conditions, while issuing subordinated debt to retail investors, for raising Tier II regulatory capital.
2. With a view to deepening the corporate bond market in India through enhanced retail participation, banks, wh...
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RBI |
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SEBI Prescribes Guidelines for providing dedicated Debt Segment on Stock Exchanges
Posted Date : 25-Jan-2013 , 11:50:25 am | Posted By: Vinay Sharma
CIR/MRD/DP/03/2013 January 24, 2013 To
All Stock Exchanges and Clearing Corporations
Dear Sir / Madam,
Sub: Guidelines for providing dedicated Debt Segment on Stock Exchanges.
1. The market for debt securities differs from equity markets in several ways such as risk, returns, liquidity, type of participants and method of trading. While publicly issued debt securities are listed, traded and settled in a manner similar to equity, privately placed debt is usually traded between ins...
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SEBI |
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nterest Rates on and Premature Withdrawal of Rupee Term Deposits
Posted Date : 25-Jan-2013 , 11:20:18 am | Posted By: Vinay Sharma
RBI/2012-13/393 DBOD.No.Dir.BC. 74/13.03.00/2012-13
January 24, 2013
All Scheduled Commercial Banks (excluding RRBs)
Dear Sir/Madam
Interest Rates on and Premature Withdrawal of Rupee Term Deposits
In terms of our mailbox clarification dated May 16, 2007, deposits of `15 lakh or any higher threshold approved by the Boards of banks have been termed “wholesale deposits”. The term “bulk deposit”, though not specifically defined, has been inter-changeably used wi...
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RBI |
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Memorandum of Instructions for Opening and Maintenance of Rupee/Foreign Currency Vostro Accounts of Non-resident Exchange Houses
Posted Date : 25-Jan-2013 , 11:16:54 am | Posted By: Vinay Sharma
RBI/2012-13/394
A. P. (DIR Series) Circular No. 81
January 24, 2013
To,
All Authorised Dealer Category - I Banks
Madam/Sir,
Memorandum of Instructions for Opening and Maintenance of Rupee/Foreign Currency Vostro Accounts of Non-resident Exchange Houses
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to Part (B) of Annex-I to the A.P. (DIR Series) Circular No. 28 [A. P. (FL/RL Series) Circular No. 02] dated February 6, 2008 on the captioned subj...
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FEMA |
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SEBI prescribes guidelines for identification of beneficial ownership by registered intermediaries
Posted Date : 24-Jan-2013 , 07:29:41 pm | Posted By: Vinay Sharma
Guidelines on Identification of Beneficial Ownership
CIRCULAR NO. MIRSD/2/2013, DATED 24-1-2013
1. SEBI Master Circular No. ISD/AML/3/2010 dated December 31, 2010 has mandated all registered intermediaries to obtain, as part of their Client Due Diligence policy, sufficient information from their clients in order to identify and verify the identity of persons who beneficially own or control the securities account. The beneficial owner has been defined in the circular as the natural...
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SEBI |
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Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2013
Posted Date : 24-Jan-2013 , 07:24:33 pm | Posted By: Vinay Sharma
Reserve Bank of India
Foreign Exchange Department
Central Office
Mumbai- 400 001
Notification No. FEMA. 255/2013-RB
Dated January 19, 2013
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2013
In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendment...
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FEMA |
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Foreign investment in India by SEBI registered FIIs in Government securities and corporate debt
Posted Date : 24-Jan-2013 , 02:09:42 pm | Posted By: Vinay Sharma
RBI/2012-13/391 A. P. (DIR Series) Circular No.80
January 24, 2013
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Foreign investment in India by SEBI registered FIIs in Government securities and corporate debt
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 vide Notification No. FEMA.20/2000-RB dated Ma...
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FEMA |
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Filing of online DVAT returns for third quarter of 2012-13 is extended
Posted Date : 24-Jan-2013 , 02:05:49 pm | Posted By: Vinay Sharma
Filing of online returns for third quarter of 2012-13.
In order to facilitate' the filling of online DVAT/CST returns, in exercise ofthe powers conferred under Rule 49A of the DVAT Rules, 2005, the last date ofonline filing of return for the third quarter of 2012-13 is extended upto 01.02.2013.
The last date of filing of hard copy of the return for the above return period is alsoextended upto 05.02.2013.
However, the tax due for the above mentioned period shall be deposited as per the...
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VAT |
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increase in basic custom duty on all types of crude edible oil.
Posted Date : 24-Jan-2013 , 11:33:46 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. 02/2013-Customs
New Delhi, the 23rd January, 2013
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, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amen...
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Category :
Custom |
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Amends Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001
Posted Date : 24-Jan-2013 , 11:32:09 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 Finance
(Department of Revenue)
(Central Board of Excise and Customs)
Notification No. 08/2013 – Customs (N. T.)
New Delhi, 23rd January, 2013
3 Magha, 1934 (SAKA)
S.O. ____ (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied th...
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Category :
Custom |
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