-Minimum Export Price (MEP) of all varieties of onions except Bangalore Rose Onions and Krishnapuram Onions will be US$ 250 per Metric Ton F.O.B. It was US$ 350 per Metric Ton as notified on 18.11.2011. For Bangalore Rose Onions and Krishnapuram Onions it will be US$ 300 per MT F.O.B instead of US$ 400 per MT as notified on 18.11.2011.
DRI, Bangalore Seizes 24 Nos. Of Foreign Marked Gold Biscuits (Weighing 2.4 Kgs), Valued At Rs. 69 Lakh, From Two Passengers Arriving At Bengaluru International Airport From Colombo On 25/26.11.2011. The Biscuits Were Concealed In Their Rectum.
Notification No.82/2011 – Customs (N.T.) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.74/2011-CUSTOMS (N.T.), dated the 27th October, 2011 vide number S.O.2444 (E), dated the 27th October, 2011, except as respects things done or omitted to be done before such supersession, the Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II annexed hereto into Indian currency or vice versa shall, with effect from 1st December, 2011 be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.
The Central Government today released the sixth report pertaining to the quarter July-September 2011on Public Debt Management. Since September 2010, Department of Economic Affairs, Ministry of Finance is bringing out a quarterly report on debt management.
In pursuance of section 5 of the Public Provident Fund Act, 1968 (23 of 1968) the Central Government hereby notifies that the subscriptions made to the fund on or after the 1st day of December, 2011 and balances at the credit of the subscriber shall bear interest at the rate of 8.6 per cent. per annum.
The constitutional validity has been challenged of Chapters 1B and 1C of the Companies Act, 1956 inserted by Companies (Second Amendment) Act 2002, providing for the constitution of National Company Law Tribunal (`NCLT’ or `Tribunal’) and National Company Law Appellate Tribunal (`NCLAT’ or `Appellate Tribunal’) by raising, inter alia, the following contentions:
As you know, I am here primarily to sign the Double Taxation Avoidance Agreement (DTAA) as was agreed during the visit of Prime Minister of Nepal to India on October 20-23, 2011. I am happy that we have revised the Double Taxation Avoidance Agreement today. The revised DTAA will provide tax stability to the residents of India and Nepal and facilitate mutual economic cooperation as well as stimulate the flow of investment, technology and services between India and Nepal. In the revised DTAA the threshold withholding tax rates on dividends, interest, etc., are rationalised to reflect the present day situation and developments in the area of international taxation.
Central Bureau of Investigation ( CBI) arrested Superintendent of Service Tax Department, Thane, Anil Singh for allegedly accepting a bribe from a private firm. The CBI laid a trap at his office chamber in Thane and arrested Singh red handed while accepting a bribe of Rs. 20000 for not imposing service tax penalty of Rs. 2 lakh on the firm. Singh was arrested on Thursday and remanded in CBIs custody till December 8.
Download Automated Form-16A for the Financial Year 2011-2012 and Assessment Year 2012-2013 in excel format.
The world is facing the tremors of financial time bombs which are getting blasted from time to time. Europe has covered every country, states, town’s news papers and, TV channels and other media resources left on the globe with their ongoing crisis. Economists around the world are on the debate that does the world is coming to an end in 2012 through the economic disasters or will continue its fragile growth. I have no bets placed on this topic since I am not yet matured enough to comment on this topic. But all I can say is that till December 2012 we have to live and my job role is to write and depict to all of you the path till dead line of 2012.
