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Archive: December, 2010

Posts in December, 2010

Online Industrial Licence Tracking/Status Monitoring Facility

December 23, 2010 453 Views 0 comment Print

Under the Industries (Development & Regulations) Act 1951, the Department of Industrial Policy & Promotion (DIPP), issues licenses for certain licensable products. With a view to ensure enhanced public access and transparency as well as to implement

Additional 2 percent Duty Credit Scrip for Export of Grapes under VKGUY Scheme

December 23, 2010 541 Views 0 comment Print

The exporters of Grapes covered by ITC HS Code 0806 are entitled for additional 2% Duty Credit Scrip, over and above the normal rate under the VKGUY Scheme. This shall apply in respect of exports made on or after the date of this Public Notice.

10th ICSI National Award for Excellence in Corporate Governance, 2010- Award Winners

December 23, 2010 624 Views 0 comment Print

The 10th ICSI National Awards for Excellence in Corporate Governance for 2010 were presented at a function at New Delhi on the December 16, 2010 to : Dr. Reddy’s Laboratories Limited & Larsen & Toubro Limited Mr. Umang Vohra, Chief Financia

Asian Clearing Union (ACU) Mechanism – Payments for import of Oil or Gas

December 23, 2010 1359 Views 0 comment Print

The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law.

RBI increases LTV Ratio, Risk Weight and Provisioning in respect of Housing Loans by Commercial Banks

December 23, 2010 973 Views 0 comment Print

It has been observed that some banks are following the practice of sanctioning housing loans at ‘teaser rates’, wherein the loans are offered at a comparatively lower rate of interest in the first few years, after which rates are reset at higher rates. This practice raises concern as some borrowers may find it difficult to service the loans once the normal interest rate, which is higher than the rate applicable in the initial years, becomes effective.

Rescission of all previous notifications appointing Director, Software Technology Parks of India as Development Commissioner of IT& ITES SEZs

December 23, 2010 573 Views 0 comment Print

Section 11 of the Special Economic Zones Act, 2005 – Development Commissioner – Rescission of all previous notifications appointing Director, Software Technology Parks of India as Development Commissioner of IT & ITES SEZs NOTIFICATION (F.5/15/2010- SEZ), DATED 20-12-2010 In exercise of the powers conferred by sub-section (1) of section 11 of the Special Economic Zones […]

Exempts taxable services in relation to general insurance business provided under Weather Based Crop Insurance Scheme or Modified national Agricultural Insurance Scheme

December 23, 2010 684 Views 0 comment Print

Exempts taxable services in relation to general insurance business provided under Weather Based Crop Insurance Scheme or the Modified national Agricultural Insurance Scheme- Notification No. 58/2010-ST dated -21-12-2010 Notification No.58/2010-Service Tax, New Delhi, the 21st December, 2010. G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 […]

Transport of goods by rail – Amendment to notification no. 1/2006 deferred till March 31, 2011 vide Notification No. 57/2010-ST dated -21-12-2010

December 23, 2010 609 Views 0 comment Print

Notification No.57/2010-Service Tax,  Dated- 21st December, 2010 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) (hereinafter referred to as the Finance Act), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes […]

Exemption from Additional duty on specified goods by designated airlines when imported from specified countries-Notification No. 130/2010-Cus dated -23-12-2010

December 23, 2010 1111 Views 0 comment Print

G.S.R (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 exempts the goods of description specified in column (2) of the Table annexed hereto, when imported into India by a designated airline specified in column (3) of the Schedule annexed hereto and registered or incorporated in a country specified in column (2) of the said Schedule, from the whole of the duty of customs leviable thereon which is specified

Anti dumping duty imposed on import of Bus and Truck Radial Tyres- Notification No. 129/2010-Cus dated -23-12-2010

December 23, 2010 466 Views 0 comment Print

G.S.R. (E). – Whereas, in the matter of import of Bus and Truck Radial Tyres, (hereinafter referred to as the subject goods) , falling under item nos. 40112010 (for tyres) and 40131020 and 40129049 (for tubes and flaps respectively) of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and originating in, or exported from the People’s Republic of China(China PR) and Thailand (hereinafter referred to as the subject countries), the designated authority, vide its final findings in notification No. 14/17/2008-DGAD, dated the 1st January, 2010 published in the

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