"09 May 2011" Archive

Notification No. 38/2011-Customs Dated: 09/05/2011

Notification No. 38/2011-Customs 09/05/2011

Notification No.38 / 2011 - Customs - In the matter of continuation of anti-dumping duty on imports of Viscose Filament Yarn, falling under tariff item 5403 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, the People Republic of China, imposed vide notification of the Government of Indi...

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Negotiable Instrument Act – No case made out if cheque issued for Security Deposit

Joseph Vilangadan. Vs. Phenomenal Health Care Services Ltd. & Anr. (Bombay High Court)

Joseph Vilangadan. v. Phenomenal Health Care Services Ltd. & Anr. - As per the said contract, Contractors deposited the sum of Rs. 10 lacs by undated cheque no.027840 drawn against South Indian Bank Ltd., Palarivattom Branch, Cochin branch with the respondent no.1 as refundable security deposit for the due performance of the agreement. T...

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How to get unique identity number (UID)

With a mammoth exercise on to issue an Aadhar number to each of India's 1.2 billion citizens and interested residents, IANS tracks the process involved for getting what will become a unique identity for people in India to access all public or private services. ...

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Seizure of 06.050 kgs of Ketamine Hydrochloride valued at Rs.60 lakhs by Air Intelligence Unit, Cochin International Airport

F No.S/14/42/2011-AIU.Cus. 09/05/2011

Based on intelligence from Narcotics Control Bureau, Chennai, the Officers of the Air Intelligence Unit, Cochin International Airport, Nedumbassery had effected a seizure of 06.050 kgs of Ketamine Hydrochloride valued at Rs.60 lakhs(international market value) from two passengers namely Abdul AzeezBabu of Ooty and Randra Palli Muhammed S...

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SC asks Sahara to provide details of its fund-raising scheme

The Supreme Court today directed a Sahara group firm to submit the proforma of its investment scheme, along with the list of accredited agents dealing in it, so as to ascertain the investors from whom the funds have been raised. The Supreme Court was hearing Sahara Group's petition against the orders of the Allahabad High Court, which dir...

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Posted Under: Custom Duty |

Mukesh Ambani forgoes Rs 23.75 crore from salary

Billionaire industrialist Mukesh Ambani has decided to forego Rs.23.75 crore for the last fiscal from his annual compensation as chief of Reliance Industries while keeping his salary capped at Rs.15 crore for the third year in a row. At the same time, the company's total remuneration for top management personnel, as also commission paid t...

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Posted Under: Custom Duty |

ICAI notifies Information Systems Audit (ISA) Course Assessment Test

No.13-CA(EXAM)/ISA/J/2011: - In pursuance of Rule 7 of Schedule ‘F’ to Regulation 204 of the Chartered Accountants Regulations, 1988 (as amended vide Notification No. 1 -CA(7)/59/2001 dated 28th September 2001), the Council of the Institute of Chartered Accountants of India is pleased to notify that the Information Systems Audit (ISA...

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Posted Under: Custom Duty |

RBI- Maintenance of Statutory Liquidity Ratio

RBI/2010-11/516 Ref. DBOD No. Ret. BC. 92 /12.02.001/2010-11 09/05/2011

As announced in the Reserve Bank of India's Annual Monetary Policy Statement 2011-12 on May 03, 2011 Scheduled Commercial Banks (SCBs) may borrow overnight up to one per cent of their respective Net Demand and Time Liabilities (NDTL) under the Marginal Standing Facility (MSF)Scheme effective from the fortnight beginning on May 07, 2011. ...

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RBI – Salient features of Marginal Standing Facility Scheme

RBI/2010-11/515 FMD. No.59/01.18.001/2010-11 09/05/2011

As announced in the Monetary Policy for the year 2011-12, a new Marginal Standing Facility (MSF) is being introduced with effect from May 9, 2011. The Scheme will be operationalized on the lines of the existing Liquidity Adjustment Facility – Repo Scheme (LAF – Repo). Under the facility, the eligible entities can avail overnight, up ...

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Housing Loan limit under priority sector increased from Rs. 20 lakh to 25 lakh w.e.f. April 01, 2011

RBI/2010-11/517 RPCD.CO.Plan.BC.69/04.09.01/2010-11 09/05/2011

RPCD.CO.Plan.BC.69/04.09.01/2010-11 Pursuant to the announcement made by Union Finance Minister in paragraph 44 of the budget for the year 2011-12, it has been decided to increase the above limit from Rs.20 lakh to Rs.25 lakh. The above change will be applicable to housing loans sanctioned on or after April 1, 2011. RBI/2010-11/517 RPCD....

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