Notifications issued By RBI, CBEC, IRDA, CBDT, RBI and DGFT

Notice for filing Form-8 & 11 for the Financial Year ended 31-03-2012 All LLPs registered upto 30-September-2011 have to mandatorily close the financial year as on 31-03-2012 and file Form-11 by 30-May-2012 and Form-8 by 30- October-2012. Full Article

MCA GENERAL CIRCULAR NO. 8/2012, DATED 10-5-2012 It has been decided by the Ministry of Corporate Affairs to mandate the cost auditors and the companies to file Cost Audit Reports (Form-I) and Compliance Reports (Form-A) for the year 2011-12 onwards (including the overdue reports relating to any previous year) by using the XBRL taxonomy. These reports, required to be filed in the XBRL format, would be based on the Taxonomy on XBRL being developed for the formats (Form-I.. Full Article

Notification No. 25/2012-Central Excise (N.T) In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government, hereby makes the following rules further to amend the CENVAT Credit Rules, 2004, namely:- 1. (1) These rules may be called the CENVAT Credit (Fifth Amendment) Rules, 2012. Full Article

PUBLIC NOTICE NO.111(RE:2011)/2009-2014 In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-2014 and Paragraph 1.1 of Handbook of Procedures (Vol.1), the Director General of Foreign Trade hereby notifies a SION, bearing number J-375 in respect of the export product “Tubular Bags (Gauntlet)”. This new entry would be as under: Full Article

Public Notice No.110/2009-2014 (RE-2010) 1. In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy, 2004-09, the Director General of Foreign Trade hereby adds 5 new items of import and 7 new items of export under The Indo-China Border Trade: Full Article

An intelligence was gathered that M/s. Mohindra Tubes Pvt. Ltd. factory premises located at NH 31, Gairkata Road, Telepara Sakoajhora No. 1 Gram Panchayat, Distt. - Jalpaiguri, Pin- 735 101, manufacturer of Asbestos Cement Pressure Pipe & Couplings was blatantly suppressing the clearance figures through mis-statement in statutory periodical excise returns. Full Article

Trade Notice No. 2/2012 Dated the 10th May, 2012 Trade Notice No.1 dated 8th May, 2012 was issued stipulating the procedure that would be adopted for issue of cotton RC’s in addition to that provided in Notification No.113 of 4th May 2012. The following additional points are being stipulated to further streamline the registration process: Full Article

Trade Notice No. 1/2012 As per Notification No.113 dated 4th May, 2012 application for registration of contracts for export of raw cotton would be submitted to the 7 designated RAs namely: -Ahmadabad, CLA, New Delhi, Bangalore, Kolkata, Hyderabad, Chennai and Mumbai. To streamline the process of registration the following procedure would be adopted in addition to those provided in the Notification No.113 of 4th May 2012. Full Article