"18 August 2011" Archive

Custom Instruction Regarding Installation of Weigh-Bridges at different ports

F. No.450/81/2011-Cus.IV 18/08/2011

F. No.450/81/2011-Cus.IV Attention is invited to para 5 of the ‘Handling of Cargo in Customs Areas Regulations, 2009’ which requires certain conditions to be fulfilled by Customs Cargo Service provider (CCSP) for custody and handling of imported or export goods in a customs area to the satisfaction of the Commissioner of Customs like ...

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RBI – Minutes of the July 20, 2011 Meeting of the Technical Advisory Committee on Monetary Policy

The Committee reviewed the global and domestic macroeconomic developments. It felt that the global macroeconomic situation had worsened with the uncertainty clouding the increase in the US debt ceiling issue and continuing problem in the euro area. If the US debt crisis was not resolved satisfactorily, it would have serious ramifications...

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Posted Under: Custom Duty |

RBI – Half-yearly Report on Management of Foreign Exchange Reserves (March 2011)

The guiding objectives of foreign exchange reserves management in India are similar to those of many central banks in the world. The demands placed on the foreign exchange reserves may vary widely depending upon a variety of factors including the exchange rate regime adopted by the country, the extent of openness of the economy, the size ...

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Posted Under: Custom Duty |

926 branches of Banks to accept Advance Income Tax in Mumbai and Navi Mumbai

As many as 926 computerised branches of public and private sector banks will receive advance income tax in Mumbai and Navi Mumbai. These arrangements have been made for the convenience of the Income Tax assesses. Of the 926 bank branches 862 branches are public sector bank branches, 35 HDFC bank branches, 10 ICICI bank branches and 19 AXI...

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Posted Under: Custom Duty |

CBI cancels FIR – Retired Income Tax Assistant Commissioner to be paid retirement benefits

The government has been directed by the Central Administrative Tribunal to forthwith release the pension and other post-retirement benefits of a former I-T assistant commissioner, withheld on the alleged ground of a corruption case pending against him. The New Delhi-based principal bench of CAT ordered release of V B Bansal''s pension poi...

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Posted Under: Custom Duty |

ICAI – Launching of Committee for Capacity Building Of CA Firms and Small & Medium Practitioners (CCBCAF & SMP) Exclusive Website www.icai.org.in, for creating the website of the CA Firms

The Committee for Capacity Building of CA Firms and Small & Medium Practitioners has launched its exclusive website www.icai.org.in on 1st July, 2011 by Hon’ble Shri R.P.N. Singh, Minister of State, Ministry of Corporate Affairs, Government of India. In the aforesaid website, the Firms may create their websites as per the norms laid dow...

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Posted Under: Custom Duty |

Export of Cotton [ITC (HS) Code 5201 & 5203]: obtaining of Registration Certificate

Notification No. 67 (RE-2010)/2009-2014 18/08/2011

Export of Cotton [ITC (HS) Code 5201 & 5203]: obtaining of Registration Certificate. S.O. (E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 2.1 of the Foreign Trade Policy, 2009-14, the Central Government hereby makes the following amendment in...

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All about The Jan Lokpal Bill

The Jan Lokpal Bill (Hindi: जन लोकपाल विधेयक) (also referred to as the citizens' ombudsman bill) is a proposed anti-corruption law in India. It is designed to effectively deter corruption, redress grievances and protect whistle-blowers. If passed and made into law, the bill seeks to create an ombudsman called t...

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Posted Under: Custom Duty |

Quarterly Report on Public Debt Management for the Quarter April-June 2011 Released

The Central Government today released the fifth report, pertaining to the quarter April-June 2011 on Public Debt Management. Since September 2010, Department of Economic Affairs, Ministry of Finance has been bringing out a quarterly report on debt management....

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Posted Under: Custom Duty |

ICWAI – Invitation for Empanelment of Resource Persons for preparation of Guidance Note relating to Performance Appraisal Report

Ministry of Corporate Affairs vide notification number 430 dated 3rd June 2011 has issued The Companies (Cost Audit Report) Rules 2011. Every cost auditor has to submit the Cost Audit Report as per these rules from 1st April 2012 irrespective of the financial year of the company to which it relates. The report is to be submitted in 3 for...

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Posted Under: Custom Duty |

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