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Archive: 31 October 2011

Posts in 31 October 2011

Notification No 83 (RE-2010)/2009-2014, Dated: 31.10.2011

October 31, 2011 583 Views 0 comment Print

, In exercise of 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, 2009-2014, the Central Government hereby notifies the following relaxation for export of casein and casein products which were banned by Notification No. 23(RE – 2010)/2009-2014 dated 18th February 2011 read with Notification No. 25(RE–2010)/2009-2014 dated 24th February 2011 and Notification No. 37(RE–2010)/2009-2014 dated 24th March 2011:

Amendment in chapter 2 of ITC(HS) relating to export of meat

October 31, 2011 555 Views 0 comment Print

Notification No 82 (RE – 2010)/2009-2014 Exporters would now be required certify both (a) that the items have been obtained/sourced from an APEDA registered integrated abattoir or from APEDA registered meat processing plant and (b) that the raw material have been sourced exclusively from APEDA registered integrated abattoir/abattoir.

Amendment in Notification No. 36/2001-Customs(N.T) dated the 3rd August 2001 related to tariff value of Crude Palm Oil, RBD Palm Oil etc

October 31, 2011 696 Views 0 comment Print

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Board, being satisfied that it is necessary and expedient so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Cus (N. T.), dated, the 3rd August 2001.

DPIN will be treated as DIN

October 31, 2011 1031 Views 0 comment Print

Ministry of Corporate Affairs has decided to simplify issuance of identification numbers to those who wish to incorporate a Company or LLP; hence identification scheme of Designated Partner Identification Number (DPIN) is merged with Director Identification Number (DIN). Accordingly DPIN assigned to you will be treated as DIN.

Trade Notice No. 21/2011, Dated: 31.10.2011

October 31, 2011 484 Views 0 comment Print

Trade Notice No. 21 On the basis of information available with the DGFT, the following firms are permitted to export the excise verified stock of quantities mentioned against their names (which were manufactured prior to ban):

Banks’ Exposure to Capital Market – Issue of Irrevocable Payment Commitments (IPCs) – Circular No. DBOD.Dir.BC. 43 /13.03.00/2011-12

October 31, 2011 598 Views 0 comment Print

Please refer to our circular No. DBOD.Dir.BC.46 /13.03.00/2010-11 dated September 30, 2010 in terms of which certain risk mitigation measures were prescribed in the context of banks issuing IPCs to various Stock Exchanges on behalf of Mutual Funds and FIIs, as a transitionary arrangement till October 31, 2011.

Corrigendum to Circular 2 of 2011 – Consolidated FDI Policy

October 31, 2011 1195 Views 0 comment Print

Circular 2 of 2011 was issued on 30th September, 2011. Para NO.3.3.2.1 of the above Circular hereby stands deleted. Erstwhile paragraph 3.3.2.1 of ‘Circular 2 of 2011’ went like this:

Altered Will Must be Signed by Testator – SC

October 31, 2011 1239 Views 0 comment Print

The Supreme Court has said that alterations made in the will by a person do not have legal sanctity unless corrections are executed in the same manner as was done in the case of the original documents. A SC bench said those claiming benefits under an altered will must prove with convincing evidence that the testator did make such alterations to the original will in conformity with the rules governing the Indian Succession Act.

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