trade bodies

The gems and jewellery industry wants provisions such as search and seizure and tax on gross assets in the Direct Taxes Code to be modified.It says these provisions could be detrimental to the sector’s growth which has been showing signs of recovery afterreeling under recession. Industry representatives also appealed to the Government to incentivise units in SEZs and EOUs. Full Article

A. P. (DIR Series) CIRCULAR NO 50 /RBI., Dated: June 3, 2008 Export of Goods and Services- Realisation and Repatriation of Export Proceeds-Liberalisation.  Attention of Authorised Dealer Category – I (AD Category- I) banks is invited to the provisions of sub-regulation (1) of Regulation 9 of the Notification No.FEMA.23 /2000-RB dated May 3, 2000, as [...] Full Article