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Archive: January, 2012

Posts in January, 2012

Notification No. 10/2012-Customs (ADD) dated the 24th January, 2012

January 24, 2012 970 Views 0 comment Print

Notification No. 10/2012-Customs (ADD) Whereas, in the matter of import of Morpholine (hereinafter referred to as the subject goods), falling under tariff item 29333917 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Customs Tariff Act), originating in, or exported from, China PR, European Union and the United States of America (hereinafter referred to as the subject countries) and imported into India, the designated authority vide its preliminary findings No. 14/41/2010-DGAD dated the 9th August, 2011, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 9th August, 2011, had come to the conclusion that-

Rescinds Notification No. 91/2011-Customs, dated the 20th September, 2011

January 24, 2012 1132 Views 0 comment Print

Notification No. 09/ 2012-Customs (ADD) In exercise of the powers conferred by sub-sections (2) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rules 13 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government hereby rescinds the notification of the Government of India

New Initiatives under MCA 21 System- Integration with Trade Mark Authority, XBRL reporting

January 24, 2012 1369 Views 0 comment Print

The Ministry of Corporate Affairs has established an added facility under MCA 21, integration with Trade Mark Authority recently. The added feature facilitates professional / public to cross verify Company name before applying for ROC approval.

Third Quarter Review of Monetary Policy 2011-12 Press Statement by Dr. D. Subbarao, Governor

January 24, 2012 729 Views 0 comment Print

A short while ago, we put out the monetary policy measures accompanying this Review. Based on an assessment of the current macroeconomic situation, we have decided to: Cut the cash reserve ratio (CRR) of scheduled banks by 50 basis points from 6.0 per cent to 5.5 per cent of their net demand and time liabilities (NDTL). This will be effective the fortnight beginning January 28, 2012. This reduction in the CRR will inject around ` 320 billion of primary liquidity into the system.

RBI – Third Quarter Review of Monetary Policy 2011-12

January 24, 2012 1212 Views 0 comment Print

Since the Second Quarter Review (SQR) of Monetary Policy in October 2011, there have been significant changes in the global scenario. On the one hand, concerns over the sustainability of sovereign debt problem in the euro area have intensified. On the other, there are modest signs of improvement in the US. In the emerging and developing economies (EDEs), growth has been moderating, reflecting the sluggishness in the advanced economies and the impact of earlier monetary tightening. Overall, notwithstanding the signs of recovery in the US, global growth prospects have weakened since the SQR.

RBI reduces Cash Reserve Ratio (CRR) by 50 basis points to 5.50 per cent

January 24, 2012 772 Views 0 comment Print

RBI/2011-12/363 – The Reserve Bank in its Third Quarter Review of Monetary Policy 2011-12 issued on January 24, 2012, decided to reduce the Cash Reserve Ratio (CRR) of Scheduled Commercial Banks by 50 basis points from 6.00 per cent to 5.50 per cent of their Net Demand and Time Liabilities (NDTL) with effect from the fortnight beginning January 28, 2012.

Law ministry demands more info in ITAT case

January 24, 2012 657 Views 0 comment Print

The Law Ministry is in the process of seeking more information from CBI and other agencies to take a final call on the investigative agency’s request seeking sanction to prosecute 20 members of IT tribunal for their alleged role in outsourcing writing of judgements to private individuals to favour them.

Aadhaar is reliable and fool-proof – UIDAI

January 24, 2012 1691 Views 0 comment Print

The Unique Identification Authority of India, UIDAI, has asserted that its system is reliable and can achieve the task of providing unique ID cards to the entire population of the country. It dispelled fears that the biometric technology being employed for the Aadhaar project is flawed.

35 Customs and Central Excise Dept officers selected for Presidential Award

January 24, 2012 1204 Views 0 comment Print

NOTIFICATION NO. 7/2012(N.T) – 35 officers of the Customs and Central Excise Department have been selected for grant of Presidential Award of Appreciation Certificate for Specially distinguished record of service on the occasion of Republic Day this year.

Appointment of 13 Hon’ble Members to the Appellate Tribunal

January 24, 2012 465 Views 0 comment Print

5 Accountant Members and 8 Judicial Members were administered oath of office on Monday 23.01.2012 in Court Room No 1 in Mumbai by Shri G.E. Veerabhadrappa, Hon’ble President who welcomed them to the ITAT Family. They are

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