Trade Credits for Imports into India
Posted Date : 15-Nov-2011 , 09:07:46 pm | Posted By: CASANSAAR
RBI/2011 -12/257A. P. (DIR Series) Circular No. 44
November 15, 2011
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Trade Credits for Imports into India – Review of all-in-cost ceiling
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited toA. P. (DIR Series) Circular No. 27 dated October 27, 2008relating to the all-in-cost ceiling of Trade Credits for imports into India.
2. On a review of developments in the global financial markets and the ...
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RBI |
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Interest Rates on Export Credit in Foreign Currency
Posted Date : 15-Nov-2011 , 09:01:44 pm | Posted By: CASANSAAR
RBI/2011-12/258DBOD.DIR.No. 52 /04.02.001/2011-12
November 15, 2011
All Scheduled Commercial Banks
Dear Sir/Madam,
Interest Rates on Export Credit in Foreign Currency
Please refer to ourcircular DBOD.DIR.(Exp).No.76/04.02.001/2009-10 dated February 19, 2010as also paragraph 7 of Master Circular on Rupee/Foreign Currency Export Credit and Customer Service to Exporters dated July 01, 2011 relating to export credit in foreign currency.
2. Keeping in view the tight liquidity conditions...
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RBI |
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Regarding location of Foreign Exchange Counters at International airports
Posted Date : 12-Nov-2011 , 01:52:24 pm | Posted By: CASANSAAR
Circular No. 51/2011-Customs
F.No.520/25/2008-Cus.VI (pt.)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
227-B, North Block,
New Delhi -110001.
11thNovember, 2011.
To,
All Chief Commissioners of Customs / Customs (Prev.).
All Chief Commissioners of Customs & Central Excise.
All Commissioners of Customs / Customs (Prev.).
All Commissioners of Customs (Appeals).
All Commissioners of Customs & Central Excise.
A...
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Custom |
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Regarding clearance of goods from Custom Bonded warehouses utilizing duty credit scrips of SFIS, VKGUY, FMS, FPS, SHIS
Posted Date : 10-Nov-2011 , 08:20:46 am | Posted By: CASANSAAR
Circular No. 50 / 2011-Customs
F.No.605/53/2011-DBK
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
New Delhi, dated 9th November, 2011
To,
All Chief Commissioners of Customs / Customs (Prev.).
All Chief Commissioners of Customs & Central Excise.
All Commissioners of Customs / Customs (Prev.).
All Commissioners of Customs & Central Excise.
AllDirector Generals under CBEC.
Subject: -Clearance of goods from Cust...
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Custom |
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Payment of Cheques/Drafts/Pay Orders/Banker
Posted Date : 05-Nov-2011 , 11:15:23 am | Posted By: CASANSAAR
The Chairmen/Chief Executive Officers All Scheduled Commercial Banks (excluding RRBs)/Local Area Banks
Dear Sir,
Payment of Cheques/Drafts/Pay Orders/Banker’s Cheques
In India, it has been the usual practice among bankers to make payment of only such cheques and drafts as are presented for payment within a period of six months from the date of the instrument.
2. It has been brought to the notice of Reserve Bank by Government of India that some persons are taking undue...
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RBI |
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Regarding changes / amendments carried out in Drawback schedule 2011-12
Posted Date : 02-Nov-2011 , 05:40:09 pm | Posted By: CASANSAAR
F.No.609/82/2011-DBK
Government of India
Ministry of Finance
(Department of Revenue)
Central Board of Excise & Customs
Circular No. -48/2011-Customs
New Delhi, dated 31stOctober, 2011
To
All Chief Commissioners of Customs / Customs (Preventive).
All Chief Commissioners of Customs & Central Excise / Central Excise / Authorized Representative.
All Director Generals under CBEC.
All Commissioners of Customs / Customs (Preventive).
All Commissioners of Customs & Central ...
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Custom |
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Power of adjudication of Central Excise Officers- instructions reg.
Posted Date : 02-Nov-2011 , 03:08:29 pm | Posted By: CA.VIRAL JANI
Circular No. 957/18/2011-CX-3
F.No. 208/25/2011-CX-6
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
****
New Delhi dated, the 25th October, 2011
To,
The Chief Commissioner of Customs and Central Excise(All)
The Chief Commissioner of Central Excise(All)
The Chief Commissioner of LTU (All)
Madam/Sir,
Subject: Power of adjudication of Central Excise Officers- instructions reg.
The undersigned is directed to refer...
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Excise |
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Changes in due dates for filing Form No. 24Q/26Q where deductor is Govt. office
Posted Date : 01-Nov-2011 , 11:12:12 am | Posted By: Vandana
Income-tax Rules, 1962 were amended, videnotificationNo. S.O. 2429(E) dated 24th of October, 2011, for (i) extending the time limit of submission of TDSstatementsbythe Governmentdeductors in view of filing of Form No.24G by them; (ii) compulsory uploading of particulars of amount paid without deduction of tax in view of furnishing ofdeclarationunder section 197A; and (iii) enlarging the scope for grant of TDScredit toperson other than the deductee.
Income-tax (Eighth Amendment) Rules, 2011 &n...
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Income Tax |
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The Income Tax Department has released a Notification for PAN application
Posted Date : 24-Oct-2011 , 10:05:43 pm | Posted By: CASANSAAR
Income Tax Departmenthas released a New PANapplication FormNo. 49AA for Individuals not being a citizen of India, LLP registered outside India, Company registered outside India, Firm formed or registered outside India, Association of persons(Trusts) formed outside India, Association of persons (other than Trusts) or body of individuals or local authority or artificial juridical person formed or any other entity (by whatever name called) registered outside India. Download the new Form 49AA and...
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Income Tax |
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Regarding implementation of
Posted Date : 21-Oct-2011 , 06:09:51 pm | Posted By: CASANSAAR
Circular No. 47/2011-Customs.
F.No.450/1/2010-Dir(Cus)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
******
227-B, North Block,
New Delhi – 110 001.
21stOctober, 2011
To
All Chief Commissioners of Customs / Customs (Pre.)
All Chief Commissioners of Customs & Central Excise
All Commissioners of Customs /Customs (Pre.)
All Commissioners of Customs (Appeals)
All Commissioners of Customs and Central Excise
All ...
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Custom |
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Regarding exports under Duty Drawback Scheme
Posted Date : 21-Oct-2011 , 08:25:54 am | Posted By: CASANSAAR
CircularNo.46/2011 -Customs
F.No.603/01/2011-DBK
Government of India
Ministry of Finance
Department of Revenue
*****
New Delhi, the 20thOctober, 2011
To
All Chief Commissioners of Customs / Customs (Prev).
All Chief Commissioners of Customs & Central Excise.
All Directors General of CBEC.
All Commissioners of Customs / Customs (Prev).
All Commissioners of Customs (Appeals).
All Commissioners of Customs & Central Excise.
All Commissioners of Customs & Central Excis...
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Custom |
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Extension of date of submission of service tax half yearly returns
Posted Date : 20-Oct-2011 , 06:00:07 pm | Posted By: CASANSAAR
F. No. 137/99/2011 – Service Tax
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
***
New Delhi dated the20th October 2011
ORDER NO.1 /2011 – Service Tax
In exercise of the powers conferred by Rule 7(4) of the Service Tax Rules 1994 read with notification No. 48/2011-Service Tax dated 19thOctober 2011, Central Board of Excise and Customs hereby extends the date of submission of half yearly return for the period April ...
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Service Tax |
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Regarding Re-credit of duty of re-Export of goods imported under reward schemes and DEPB
Posted Date : 18-Oct-2011 , 07:49:13 am | Posted By: CASANSAAR
Circular No. 45/2011-Cus.
F. No. 605/49/2009-DBK
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
New Delhi,dated13thOctober, 2011.
To
All Chief Commissioners of Customs/ Customs (Preventive)
All Chief Commissioners of Customs & Central Excise
All Director Generals under CBEC,
All Commissioners of Customs/ Customs (Preventive),
All Commissioners of Customs & Central Excise.
Sir/Madam,
Subject :Re-Export of g...
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Custom |
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Registration of Companies and LLPs with objective to do business of Architect
Posted Date : 10-Oct-2011 , 09:21:02 pm | Posted By: CASANSAAR
Registration of Companies and LLPs with objective to do business of Architect,General Circulardated 10.10.2011...
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Corporate Laws |
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Companies who need to file B/S and P/L Account in XBRL have to file form 23AC-XBRL and 23ACA-XBRL
Posted Date : 06-Oct-2011 , 10:14:27 am | Posted By: Anjali Arora
Ministry of Corporate Affairs
Notification
New Delhi the 5thOctober, 2011
G.S.R. (E) 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 CentralGovernment hereby makes the following rules, namely :
(1)Short title and Commencement :-
(1) These rules may be called the Companies (Filing of documentsand fourms inExtensible Business ReportingLanguage) Rules, 2011.
(2) They shall come into force with e...
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Corporate Laws |
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MCA releases Form No. 23AC-XBRL and Form No. 23ACA-XBRL for reporting in XBRL format
Posted Date : 06-Oct-2011 , 10:08:43 am | Posted By: Anjali Arora
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, dated the 05thOctober 2011
G.S.R. _______ (E). – 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 centralGovernment hereby makes the following rules further to amend the Companies (CentralGovernment’s) General Rules and Forms, 1956, namely: –
1. (1) These rules may be called the Companies (CentralGovernment’s) GeneralRules and ...
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Corporate Laws |
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Allotment of Director\'s Identification Number (DIN) under Companies Act, 1956
Posted Date : 05-Oct-2011 , 08:38:59 am | Posted By: Anjali Arora
To
All Regional Directors
All Registrar of Companies.
Sub: Allotment of Director’s Identification Number (DIN) underCompanies Act, 1956
Sir,
In continuation of General Circular No. 32/2011 dated 31.05.2011 on thesubject cited matter, I am directed to say that the time for filing DIN-4 by DINholders for furnishing the PAN and to update PAN details has been extendedtill 15.12.2011.
Yours faithfully,
-Sd/-
(Monika Gupta)
Assistant Director
...
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Corporate Laws |
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Company Law Settlement Scheme, 2011
Posted Date : 05-Oct-2011 , 08:10:41 am | Posted By: CASANSAAR
In continuationof the Ministry’s General Circular No. 59/2011 dated 05.08.2011 and No. 60/2011 dated 10.08.2011on the subject cited above, it is stated that the said scheme has been extended upto 15thDecember, 2011.
2. All the terms and conditionsof the General Circulars No. 59/2011 dated 05.08.2011 and No. 60/2011 dated 10.08.2011 will remain the same.
Yours faithfully,
-Sd/-
(Monika Gupta)
Assistant Director
Copy to:
All concerned
PS to CAM and PS to MOS
PPS to Secretary, ...
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Corporate Laws |
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Regarding procedure for electronic filing of Central Excise and Service Tax returns and for electronic payment of excise duty and service tax
Posted Date : 30-Sep-2011 , 08:21:46 am | Posted By: CASANSAAR
Circular No. 956/17/2011-CX
F.No. 201/10/2011-CX 6
Government of India
Ministry of Finance Department of Revenue
(Central Board of Excise and Customs)
New Delhi
Dated, the 28thSeptember,2011
To
All Chief Commissioners of Customs &Central Excise,
All Chief Commissioners of Central Excise,
All Chief Commissioners of Large Taxpayers Unit.
Sub.: Procedure for electronic filing of Central Excise and Service Tax returns and for electronic payment of excise duty and service tax...
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Category :
Excise |
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Payment of stamp duty \"OPTIONAL\" on Increase of Authorised capital
Posted Date : 29-Sep-2011 , 01:35:29 pm | Posted By: Akanksha Handa
Ministry of Company Affairs has made the payment of Stamp Duty OPTIONAL on Increase of Authorised Capital vide notification dated 23/09/2011 w.e.f 25/09/2011, Hence, payment of stamp duty for increase of authorised capital being paid with filing of eForm No.5 with respect to State of National Capital Territory of Delhi is made optional."...
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Corporate Laws |
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Announcement relating to Integrated Professional Competence Examination [Paper 7 - Section B] and Professional Competence Examination [Paper 6 - Section B]-(20-09-2011)
Posted Date : 28-Sep-2011 , 11:48:29 am | Posted By: Ashish Gupta
Integrated Professional Competence Examination [Paper 7 - Section B] and Professional Competence Examination [Paper 6 - Section B]Strategic Management
The students of Integrated Professional Competence Course [Paper 7 - Section B – Strategic Management] and Professional Competence Course [Paper 6 - Section B – Strategic Management] may note that there will be no Case Study (carrying 15 marks) in the examinations.Instead of the Case Study a compulsory question conta...
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Students Zone |
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Adjudication of appraising related Show Cause Notices
Posted Date : 27-Sep-2011 , 08:39:25 am | Posted By: Anjali Arora
Circular No.44/2011- Customs
F. No.437/143/2009-Cus.IV
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
229 A, North Block
NewDelhi,dated 23rdSeptember, 2011.
To
All Chief Commissioners of Customs / Customs (Prev.).
All Chief Commissioners of Customs & Central Excise.
All Commissioners of Customs / Customs (Prev.).
All Commissioners of Customs & Central Excise.
Director General of Revenue Intelligence.
Director General ...
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Category :
Custom |
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Regarding Removal of Ban on export of Onion
Posted Date : 27-Sep-2011 , 08:38:39 am | Posted By: Anjali Arora
Circular No. 43 /2011-Customs
F. No. 524/53/2011-STO(TU)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
***
229-A,NorthBlock,
New Delhi, the 23rd September, 2011.
To
All Chief Commissioners of Customs/ Customs (Prev.)/C&CE,
All Directors General of CBEC,
All Commissioners of Customs / Customs (Prev.) /C&CE
All Commissionersof Customs & Central Excise (Appeals).
Subject:Removal of Ban on export of Onion-reg.
...
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Category :
Custom |
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Regarding All Industry Rates of Duty Drawback, 2011-12
Posted Date : 27-Sep-2011 , 08:36:26 am | Posted By: Anjali Arora
F.No.609/82/2011-DBK
Government of India
Ministry of Finance
(Department of Revenue)
Central Board of Excise & Customs
Circular No. -42 / 2011-Cus.,
New Delhi, dated 22ndSeptember, 2011
To
All Chief Commissioners of Customs / Customs (Prev.).
All Chief Commissioners of Customs & Central Excise / Central Excise.
All Director Generals under CBEC.
All Commissioners of Customs / Customs (Prev).
All Commissioners of Customs & Central Excise / Central Excise.
Subject...
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Category :
Custom |
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Interest on bonds/debentures - Notified bonds or debentures of public sector companies Exempt u/s 10(15) of income tax act, 1961
Posted Date : 26-Sep-2011 , 05:39:54 pm | Posted By: CA.VIRAL JANI
SECTION 10(15), ITEM (h) OF SUB-CLAUSE (iv) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS - INTEREST ON BONDS/DEBENTURES - NOTIFIED BONDS OR DEBENTURES OF PUBLIC SECTOR COMPANIES
NOTIFICATION NO. 52/2011 [F.NO. 178/56/2011- (ITA-I)], DATED 23-9-2011
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 Government hereby authorises the entities mentioned in column (2) of the table below, to is...
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Income Tax |
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External Commercial Borrowing (ECB) Policy
Posted Date : 26-Sep-2011 , 04:56:15 pm | Posted By: CA.VIRAL JANI
On a review of the current ECB policy, it has been decided, in consultation with the Government of India, to further rationalise and liberalize the ECB Policy as under :
(i) The limit for eligible borrowers to avail of ECB under the automatic route per financial year has been enhanced as follows:
corporates in real sector-industrial sector-infrastructure sector – USD 750 million or equivalent as against the present limit of USD 500 million or equivalent.
corporates in specified ...
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RBI |
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SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011
Posted Date : 24-Sep-2011 , 06:43:07 pm | Posted By: CA.VIRAL JANI
In exercise of the powers conferred undersection 30 read with clause (h) of sub-section (2) of section 11 of the Securities andExchange Board of India Act, 1992 (15 of 1992) the Securitiesand Exchange Board ofIndia hereby, makes the following regulations, namely: —
For Detail Notification go to the Following Link:
http://www.sebi.gov.in/cms/sebi_data/attachdocs/1316778211380.pdf
...
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SEBI |
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Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and consequential amendments to Clause 35 of the Equity Listing Agreement.
Posted Date : 24-Sep-2011 , 06:33:02 pm | Posted By: CA.VIRAL JANI
1.
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and consequential amendments to Clause 35 of the Equity Listing Agreement.
In exercise of the powers conferred by Section 30 of the Act, SEBI has framed the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (hereinafter referred to as “the SAST Regulations 2011”), which have been notified today i.e. September 23, 2011.
Notification of SEBI (Substan...
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SEBI |
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Dishonour of electronic funds transfer for insufficiency of funds in the bank account
Posted Date : 22-Sep-2011 , 07:46:41 am | Posted By: CASANSAAR
As you may be aware section 25 of the paymentand Settlement Systems Act, 2007 accords the same rights and remedies to the payee (beneficiary) against dishonour ofelectronic fund transferinstructions for insufficiency of funds in the account of the payer (remitter), as are available to the payee under section 138 of the Negotiable Instruments Act, 1881.
2. The sub-section (5) of the section 25 of thePaymentand Settlement Systems Act, 2007 provides for punishment of two years and twice the amou...
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RBI |
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Exemption of Service Tax to the Tune of R & D cess Payable - IPR Service
Posted Date : 21-Sep-2011 , 10:26:29 am | Posted By: Ashish Karundia
Government of India
Ministry of Finance
(Department of Revenue)
Notification No. 47/2011 – Service Tax
New Delhi, the 19thSeptember, 2011
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, on being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in notification of the Government of India in the Ministry of Finance (Department of Reve...
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Service Tax |
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