A public competition was held amongst resident Indian citizens inviting entries for the symbol, which reflects and captures the Indian ethos and culture. Over 3000 entries were received, which were evaluated by a Jury headed by the Deputy Governor, RBI, which also included experts from three reputed art and design Institutes. The entries were presented to the Jury in such a manner that identity of the competitors was not revealed to the Jury members. The Jury selected five final entries and also gave its evaluation of these five entries to the Government to take a final decision.
Compulsorily filing of E return. With effect from 1 July, 2010, a registered dealer whose gross annual turnover exceeds Rs 40 lakhs, is now required to file the return electronically. Penalty for Non/late submission of return/annual return. With effect from 1 July, 2010, if a company registered under Companies Act, 1956 fails to file return/annual return on due date then the commissioner can impose penalty not exceeding Rs 5000/-.
With effect from financial year 2010-11, the threshold of gross turnover for getting the accounts audited has been enhanced from Rs. 40 lakhs to Rs. 60 lakhs. Further, dealers covered under the Package Scheme of Incentives are required to get their accounts audited irrespective of turnover limit.
From now on, the price of petrol will be revised once a month. However, there will be no immediate change in its price. Such a decision was on the cards ever since the oil ministry decided, on June 25, to deregulate the petrol price. The periodicity was finalised after a meeting of the heads of the three state-owned oil companies -Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) –
In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy, 2009-2014, the Director General of Foreign Trade hereby makes the following amendments, in the Handbook of Procedures (vol.1) 2009-2014:-It has been decided that ‘Declaration of Intent’ for claiming benefits under Chapter 3 of FTP shall be mandatory for all categories of shipping bills, including free shipping bills. In view of this, for exports made w.e.f 1st January 2011, the Paragraph 3.11.8 of HBP (vol.1) shall be replaced as under:
Attention is invited to Public Notice No. 82/2009-14 dated 16.7.2010. For export of goods exported from 1st January 2011 onwards, the Declaration of Intent for Claiming the benefits under Chapter 3 of FTP, in terms of Para 3.11.8 of FTP 2009-14 as amended by Public Notice No. 82/2009-14 dated 16.7.2010, has been made mandatory for all types of shipments seeking to claim the benefits of Chapter 3 reward schemes.
In exercise of the powers conferred by sub-section (1) of Section 294AA of the Companies Act, 1956 (1 of 1956), the Central Government, being of the opinion that the demand for the category of goods specified in the Table below is substantially in excess of the production or supply of such goods and that the services of the sole selling agents will not be necessary to create a market for such goods,
