Clarification in respect of notices/ reminder letters issued for life insurance policies
Posted Date : 14-Jan-2013 , 11:32:21 am | Posted By: Vinay Sharma
Circular No.166/1/2013 -ST
F.No 354/190/2012- TRU
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Tax Research Unit
*****
Room No 153, North Block, New Delhi
Dated 1st January, 2013
To
Chief Commissioner of Customs and Central Excise (All);
Chief Commissioner of Central Excise & Service Tax (All);
Director General of Service Tax; Director General of Central Excise Intelligence; Director General of Audit;
Commissioner of Customs...
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Service Tax |
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Simplification and Revision of Softex Procedure at SEZs
Posted Date : 14-Jan-2013 , 11:30:06 am | Posted By: Vinay Sharma
RBI/2012-13/359 A.P. (DIR Series) Circular No. 66
January 1, 2013
To
All Category - I Authorized Dealer Banks
Madam / Sir,
Export of Goods and Services – Simplification and Revision of Softex Procedure at SEZs
Attention of the Authorised Dealer Banks is invited to Regulation 6 of the Notification No. FEMA 23/2000-RB dated May 3, 2000 viz. Foreign Exchange Management (Export of Goods and Services) Regulations, 2000, as amended by the Notification No.FEMA.36/2001-RB dated Februa...
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RBI |
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Post Office Savings Account (Amendment) Rules, 2012
Posted Date : 14-Jan-2013 , 11:23:43 am | Posted By: Vinay Sharma
NOTIFICATION NO. GSR 926(E) [F. NO. 2/6/2006-NS.II], DATED 24-12-2012
In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Savings Account Rules, 1981, namely:—
1. (1) These rules may be called the Post Office Savings Account (Amendment) Rules, 2012.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In ...
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Students Zone |
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The Cost Accountants Chapters Bye-laws, 2013
Posted Date : 13-Jan-2013 , 03:59:11 pm | Posted By: Vinay Sharma
Notification Date- 01.01.2013
No. CMA (2)/2013: In exercise of powers conferred by Regulation 146 of the Cost and Works Accountants Regulations, 1959, the Council of the Institute of Cost Accountants of India hereby issues The Cost Accountants’ Chapters Bye-laws, 2013 with effect from 1st January, 2013 repealing the earlier Bye-laws called The Cost Accountants’ Chapters (Amendment) Bye-laws, 2010 as follows:
1. Short Title—These Bye-laws may be called “The Cost Acc...
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Clarification on Clause 36 of the Equity Listing Agreement
Posted Date : 12-Jan-2013 , 12:00:38 pm | Posted By: Vinay Sharma
CIRCULARCIR/CFD/DIL/2/2013 January 3, 2013
To
The Stock Exchanges
Dear Sir/Madam
Sub: Clarification on Clause 36 of the Equity Listing Agreement
1. It has been brought to our notice that certain listed companies have been giving monthly disclosure of their sales/turnover/production figures to their respective trade bodies/industry associations and the same is not disclosed to the stock exchanges.2. The listed companies are guided by Clause 36 of the Listing Agreement of t...
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SEBI |
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Issue of equity shares under the FDI scheme allowed under the Government route
Posted Date : 12-Jan-2013 , 11:36:28 am | Posted By: Vinay Sharma
RBI/2012-13/375 A. P. (DIR Series) Circular No.74
January 10, 2013
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Foreign Direct Investment (FDI) in India - Issue of equity shares under the FDI scheme allowed under the Government route
Attention of Authorised Dealers Category – I (AD Category - I) banks is invited to Para 3 of A.P. (DIR Series) Circular No. 74 dated June 30, 2011 read with A.P. (DIR Series) Circular No. 55 dated December 9, 2011, allowing ther...
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RBI |
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Service tax on services by way of transportation of goods by rail/vessel
Posted Date : 11-Jan-2013 , 02:46:14 pm | Posted By: CA Satuti Mahajan
Circular No.167/2 /2013 - ST
F.No.B-1/2/2010 -TRU
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
Tax Research Unit
153, North Block,
New Delhi, 1st January, 2013
To
Chief Commissioners of Central Excise and Customs (All), Director General (Service Tax), Director General(Systems), Director General (Central Excise Intelligence), Director General (Audit),Commissioners of Service Tax (All), Commissioners of Central Excise (All), Commi...
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Service Tax |
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Eligibility Criteria for Incremental Exports Incentivisation Scheme
Posted Date : 11-Jan-2013 , 01:40:26 pm | Posted By: Vinay Sharma
Notification No: 27(RE-2012)/2009-2014
New Delhi, the 28th December, 2012
S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes the following amendments in the Foreign Trade Policy (FTP) 2009-14 with immediate effect:
The word “marine products” is deleted from para 1 B.1(iii) of FTP 2009-14.
The following sub para i...
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DGFT |
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DVAT
Posted Date : 11-Jan-2013 , 01:36:44 pm | Posted By: Vinay Sharma
TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY)
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI
DEPARTMENT OF TRADE AND TAXES (POLICY BRANCH)
VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002
No.F.7(433)/Policy-II/VAT/2012/1079-1090 Dated:03-01-2013
NOTIFICATION
I, Prashant Goyal, Commissioner, Value Added Tax, Government of National Capital Territory of Delhi, in exercise of the powers conferred on me by sub-section (1) read with sub-section (3) of section 70 of Delhi Valu...
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VAT |
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SEBI (Self Regulatory Organizations) (Amendment) Regulations, 2013
Posted Date : 10-Jan-2013 , 02:43:07 pm | Posted By: Vinay Sharma
notification No. LAD-NRO/GN/2012-13/27/5469, dated 7-1-2013
In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to amend the Securities and Exchange Board of India (Self Regulatory Organizations) Regulations, 2004, namely:-
1. These regulations may be called the Securities and Exchange Board of India (Self Regulatory Organizations) (Amendment) Regulations, 2013.
2. They s...
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SEBI |
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No TDS on specified Nature of payment to Scheduled Bank
Posted Date : 05-Jan-2013 , 10:31:31 pm | Posted By: CASANSAAR
Section 197A of the income-tax Act, 1961 – Deduction of tax at source – no deduction in certain cases – Specified payment under section 197A(1f)
NOTIFICATIONNO. 56/2012 [F. NO. 275/53/2012-IT(B)], DATED 31-12-2012
In exercise of the powers conferred by sub-section (1F) of section 197A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that no deduction of tax under Chapter XVII of the said Act shall be made on the payments of the nature speci...
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Income Tax |
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Notification No. 112/2012
Posted Date : 04-Jan-2013 , 03:40:40 pm | Posted By: CA Satuti Mahajan
Ministry of finance
(Department of Revenue)
Notification No. 112/2012-Customs (N.T)
G.S.R. 918(E).- In exercise of the powers conferred by sub-rule (1) of Rule 3 of the Customs Tariff (Transitional Product Specific Safeguard Duty Rule, 2002 and in supersession of notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 03/2010-Customs (N.T.) issued vide G.S.R. No. 22(E), dated the 11th January 2010, the Central Government hereby appoints Sh. Bimal B...
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Custom |
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Regarding Classification of Cordless Infrared Remote Controls
Posted Date : 02-Jan-2013 , 06:29:44 pm | Posted By: CASANSAAR
CircularNo.01/2013- Customs,1st January, 2013
Subject: Classification of Cordless Infrared Devices forthe Remote Control– reg.
****
The issue of classification of cordless infrared devices forthe remote controlwas taken up for discussion in the May, 2012 Mumbai Conference of Chief Commissioners of Customs and Directors General. The entries in National Import Data Base (NIDB) in tariff item 84159000 (Parts of heading 8415), 85299090 (Part of TV, etc), indicated that cordless infr...
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Excise |
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Replacement of FDRs in respect of provisional Mega or Ultra-Mega Power Projects with Bank Guarantee
Posted Date : 02-Jan-2013 , 06:28:10 pm | Posted By: CASANSAAR
CircularNo. 2/2013-Customs,Dated 1stJanuary, 2013
Sub: Replacement ofFixed DepositReceipts (FDRs) furnished in respect ofprovisionalMega orUltra MegaPower Projects with Bank Guarantees (BGs) – reg.I am directed to invite your attention tonotification Nos. 12/2012-
Customs(S.No.507) and12/2012-Central Excise(S.No. 337 and 338), both dated 17-03-2012, granting exemption from customs and excise duties forprovisionalmega and ultra-mega power projects. One of the conditions specified fo...
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Excise |
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Installation of Close Circuit Television Systems (CCTV)
Posted Date : 02-Jan-2013 , 06:26:26 pm | Posted By: CASANSAAR
CIRCULAR NO 03/2013-Customs, Dated: January 1, 2013
Subject: Installation ofClose CircuitTelevision Systems (CCTV) – regarding
Attention is invited to para 5(1)(i)(n) of the ‘Handling of Cargo in Customs Areas Regulations, 2009′ which stipulates that Customs Cargo Service Provider (CCSP) or the applicant shall providesecurity and access controlto prohibit unauthorised access to the premises.
2. Security of imported andexport goodsin Customs area is of utmost importance...
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Custom |
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Recovery of confirmed demand during pendency of stay application
Posted Date : 02-Jan-2013 , 06:23:48 pm | Posted By: CASANSAAR
CircularNo. 967/01/2013 – CX,New Delhi, the Dated 1stJanuary, 2013
Subject-Recovery of confirmed demand during pendency of stayapplication- regarding
I am directed to bring your attention to the followingcircularsissued from time to time on the above issue andto statethat it has been decided to rescind thesecircularswith immediate effect.
Sl No
Date
Circularno and File number of CX-6
1
18-11-88
80/88 and 208/31/88
2
2-3-90
7/90 and ...
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Excise |
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Notification No. 60 / 2012
Posted Date : 01-Jan-2013 , 02:48:09 pm | Posted By: CA Satuti Mahajan
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
NOTIFICATION
No. 60 / 2012- CUSTOMS
New Delhi, the6th December, 2012.
G.S.R.880 (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 amendments in the notification of the Government of India in the Ministry of Finance (Depa...
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Custom |
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Notification No.49 /2012
Posted Date : 01-Jan-2013 , 02:46:20 pm | Posted By: CA Satuti Mahajan
Government of India Ministry of Finance (Department of Revenue)
Notification No.49 /2012 - Service Tax
New Delhi, the 24th December, 2012
G.S.R....(E)- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of R...
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Service Tax |
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Rate of exchange of conversion of each of the foreign currency with effect from 21st December, 2012
Posted Date : 28-Dec-2012 , 05:36:47 pm | Posted By: Vinay Sharma
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS
Notification No.111/2012-Customs (N.T.)
DATED THE 20th December, 2012
29 Agrahayana, 1934(SAKA)
S.O. (E). – In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.108/2012-CUSTOMS (N.T.), dated the 6th December, 2012 vide nu...
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Custom |
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Circular No. 65, Dated Dec 27, 2012
Posted Date : 28-Dec-2012 , 05:34:21 pm | Posted By: Vinay Sharma
RBI/2012-13/350 A.P. (DIR Series) Circular No. 65
December 27, 2012
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Exim Bank's Line of Credit of USD 250 million to the Government of the Republic of Mozambique
Export-Import Bank of India (Exim Bank) has concluded an Agreement dated September 20, 2012 with the Government of the Republic of Mozambique, making available to the latter, a Line of Credit (LOC) of USD 250 million (USD two hundred fifty million) for financing ...
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RBI |
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Circular No. 64, Dated Dec 27, 2012
Posted Date : 28-Dec-2012 , 05:33:44 pm | Posted By: Vinay Sharma
RBI/2012-13/349 A.P. (DIR Series) Circular No. 64
December 27, 2012
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Exim Bank's Line of Credit of USD 19 million to the Government of the Co-Operative Republic of Guyana
Export-Import Bank of India (Exim Bank) has concluded an Agreement dated October 30, 2012 with the Government of the Co-Operative Republic of Guyana, making available to the latter, a Line of Credit (LOC) of USD 19 million (USD nineteen million) for finan...
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RBI |
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Notification No. 5/ 2012-Customs (SG)
Posted Date : 28-Dec-2012 , 03:05:49 pm | Posted By: Vinay Sharma
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 5/ 2012-Customs (SG)
New Delhi; the 20th December, 2012
G.S.R.912(E).- WHEREAS, in the matter of import of electrical insulators, falling under tariff heading 8546of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Act), the Director General (Safeguard), in its final findings published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-sect...
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Custom |
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Notification No.57/2012-Customs (ADD)
Posted Date : 27-Dec-2012 , 08:43:06 pm | Posted By: Vinay Sharma
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i), DATED THE 21ST DECEMBER, 2012]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No.57/2012-Customs (ADD)
New Delhi, the 21st December, 2012
G.S.R._(E). -WHEREAS in the matter of import of Choline Chloride (hereinafter referred to as the subject goods), falling under Chapter 23 or Chapter 29 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), (h...
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Custom |
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Notification No.58/2012-Customs (ADD)
Posted Date : 27-Dec-2012 , 08:42:11 pm | Posted By: Vinay Sharma
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i), DATED THE 24 TH DECEMBER, 2012]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No.58/2012-Customs (ADD)
New Delhi, the 24th December, 2012
G.S.R. _(E). –WHEREAS in the matter of Phthalic Anhydride (hereinafter referred to as the subject goods), falling under Chapter 29 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, o...
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Custom |
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LLPs established to carry on a profession would now need to obtain NOC at the time of change of name
Posted Date : 27-Dec-2012 , 08:41:11 pm | Posted By: Vinay Sharma
No Objection Certificate (NOC) from the concerned regulator/Institute for LLP Name approval/incorporation
General Circular no. 40/2012, dated 17-12-2012
In continuation of this Ministry's Circular No. 2/2012, dated 1st March, 2012 on registration of companies or LLPs where one of their objects is to carry on the profession of Chartered Accountant, Company Secretary, Cost Accountant, Architect, etc. relating to the requirement of obtaining NOC from the concerned regulator, it is hereb...
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Corporate Laws |
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Income Tax (Fifteenth Amendment) Rules, 2012
Posted Date : 27-Dec-2012 , 03:14:38 pm | Posted By: Vinay Sharma
NOTIFICATION NO
52/2012, Dated: November 29, 2012
Income Tax (Fifteenth Amendment) Rules, 2012 – Amendment in Rules 11U and 11UA
SO 2805(E)- In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-
1. (1) These rules may be called the Income-tax (15th Amendment) Rules, 2012.
(2) They shall come into force on the date o...
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Income Tax |
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Frauds-Classification and Reporting
Posted Date : 27-Dec-2012 , 12:12:48 pm | Posted By: Vinay Sharma
RBI/2012-13/329 DNBS (PD).CC.No.315/03.10.42/2012-13
December 13, 2012
All Non Banking Financial Companies / Residuary Non Banking Companies
Dear Sir / Madam,
Frauds-Classification and Reporting
Please refer to our Circular No 283 dated July 2, 2012 i.e. the Master Circular-Frauds – Future approach towards monitoring of frauds in NBFCs.
2. As per para 3.4 of the above mentioned circular, cases of attempted fraud, involving likely loss of Rs 25 lakh or more should be reporte...
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RBI |
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Filing of Cost Audit Report and Compliance Report in the eXtensible Business Reporting Language (XBRL) mode.
Posted Date : 27-Dec-2012 , 12:06:41 pm | Posted By: Vinay Sharma
General Circular No. 43/2012, dated 26-12-2012
In continuation of MCA's General Circular Nos. 8/2012, dated May 10, 2012 [as amended on June 29, 2012] and 18/2012, dated July 26, 2012, it has been decided that all cost auditors and the companies concerned are allowed to file their Cost Audit Reports and Compliance Reports for the year 2011-12 [including the overdue reports relating to any previous year(s)] with the Central Government in the XBRL mode, without any penalty, within 180 day...
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Corporate Laws |
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mca:Filing of Form 68 for rectification of mistakes in Form 1,Form 1A and Form 44,Filing of Balance Sheet and Profit and Loss Account in eXtensible Business
Posted Date : 27-Dec-2012 , 09:02:33 am | Posted By: Akanksha Handa
Filing of Form 68 for rectification of mistakes in Form 1,Form 1A and Form 44,Filing of Balance Sheet and Profit and Loss Account in eXtensible Business . click to see circular...
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Corporate Laws |
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The Companies (Central Government\'s) General Rules and Forms (Seventh Amendment) Rules 2012
Posted Date : 26-Dec-2012 , 04:51:17 pm | Posted By: Vinay Sharma
Companies (Central Government's) General Rules and Forms (Seventh Amendment) Rules, 2012 - Substitution of Form 18
NOTIFICATION [F.NO. 5/80/2012-CL.V], DATED 24-12-2012
In exercise of the powers conferred by sub-section (1) of section 642, read with section 610B of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules further to amend the Companies (Central Government's) General Rules and Forms, 1956, namely: -
1. (1) These rules may be called the ...
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Corporate Laws |
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