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Archive: 22 March 2012

Posts in 22 March 2012

Free Live Webinar: Dematerialization of Securities and Recent Amendments

July 2, 2024 2712 Views 0 comment Print

Join our free webinar on July 4th at 4:00 PM to gain insights into the dematerialization of securities and recent amendments. Register now for key updates.

Free Webinar: Analysis of 10 Recent Income Tax Judgments in Favour of Assessee

July 1, 2024 4485 Views 0 comment Print

Join our free webinar on July 7 at 5 PM for insights into 10 recent High Court income tax judgments favoring assessees. Expert analysis by CA Dipak Dama.

Budget Booklet for FY 2012-13

March 22, 2012 9397 Views 0 comment Print

Finance Ministers of India from 1947 to 2011, Highlights-Service Tax, Highlights- Income Tax, Section wise Major Changes, Other Useful Information, Exemption from Return Filing to Employees, ITD CPC Bangalore – Processing/Tracking, ITR-V Receipt status at CPC Bangalore, Refund Failure Status, Password Reset and Link Activation,

Change in Tariff Value of Gold Notified

March 22, 2012 1256 Views 0 comment Print

Notification No. 24/2012 – Customs (N. T.) Central Board of Excise and Customs (CBEC), Department of Revenue, Ministry of Finance has issued a Notification No.24/2012-Customs (N.T.) dated March 22, 2012 and thereby notifying change in tariff value of Gold, Silver as shown in the tables below

3rd Corrigendum to Notification No.12/2012-Cus, Dated: 17.03.2012

March 22, 2012 859 Views 0 comment Print

(12) Stone crushing (cone type) plants (13) Concrete Batching plants 50 cum/hr or more (14) Hydraulically operated self propelled piling rig with accessories (15) Hydraulically operated rough terrain self propelled 100 tons crane with telescopic boom (16) Hydraulically operated self propelled soil boring equipment with casing pipes for deep earth anchor (17) Mobile concrete pump placer of 90/120 cu m/hr capacity (18) Automatic asphalt extraction equipment (19) Fully automatic, hydraulically operated, pre-cast segment moulds (20) Hydraulic gantry crane of 100 tonnes capacity for launching truss (21) Skid steer loaders

1st Corrigendum to Notification No. 12/2012-CE dated 17.03.2012

March 22, 2012 3322 Views 0 comment Print

1st Corrigendum to Notification No. 12/2012-CE dated 17th March, 2012 1st CORRIGENDUM New Delhi, the 22nd March, 2012 G.S.R.  (E) .- In the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2012-Central Excise, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section […]

Dismantling of Indian Motor Third Party Insurance Pool [IMTPIP] Loss Reserve, Solvency and Accounting issues

March 22, 2012 2980 Views 0 comment Print

The Authority has in terms of its Order IRDA/NL/ORD/MPL/277/12/2011, dated 23-12-2011 and IRDA/NL/ORD/MPL/003/01/2012, dated 3rd January, 2012 directed dismantling of the existing IMTPIP with effect from March 31, 2012 and has specified inter alia matters relating to pool reserves and account reserves. The Authority has since received representation from the General Insurance Council (Council) as to the unprecedented difficulty in giving effect to significant and exceptionally large liabilities arising following the dismantling of the IMTPIP in terms of aforesaid orders.

Exemption of Assam Comilla Cotton [ITC(HS) Code 5201 00 12] from export restriction on cotton during the current cotton season upto 30.09.2012

March 22, 2012 564 Views 0 comment Print

Notification No. 108 (RE-2010)/2009-14 Export of 5,000 bales of Assam Comilla Cotton will be exempted from any export restrictions during the current cotton season (up to 30.09.2012) subject to registration with DGFT. Registration Certificate for such exports will be valid for 30 days only.

Amendment in SION A-1778 – PUBLIC NOTICE NO -103/2009-2014(RE 2010)

March 22, 2012 811 Views 0 comment Print

PUBLIC NOTICE NO:103/2009-2014(RE 2010) – Earlier the export product was Black Toner. The description of the export product has been widened to include Color Toner also, with attendant modification in the number and quantity of inputs.

S. 80-IA- Industrial Infrastructure Undertakings notified- Creative Infocity Limited

March 22, 2012 1727 Views 0 comment Print

Notification No. 13/2012-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for industrial park, by the notifications of the Government of India in the Ministry of Commerce and Industry (Department of Industrial Policy and Promotion) vide number S.O.I93(E), dated the 30th March, 1999 and S.O. 1201(E) dated 1st December, 1999, for the period beginning on the 1st day of April, 1997 and ending on the 31st day of March, 2002;

Methodology for Transfer of Risks amongst Members of Indian Motor Third Party Declined Risk Insurance Pool and declaration of ultimate loss ratio for 2011-12

March 22, 2012 1339 Views 0 comment Print

The Authority under Para (13 ‘e’): Manner of Calculating the Obligations, of its order No. IRDA/NL/ORD/MPL/277/12/2011, dated 23rd December, 2011 constituted a committee headed by Chairman, General Insurance Council, representatives of GIC, 2 public sector companies and 2 private sector to work out the methodology for transfer of risks amongst general insurers. The Committee submitted its report which has been accepted by the Authority. In light of those recommendations the Authority hereby orders that the methodology for transfer of risks amongst members of Indian Motor Third Party Declined Risk Insurance Pool (DR POOL) shall be as under:

ICSI Important Announcement – Last date of Registration / Examination Enrolment

March 22, 2012 633 Views 0 comment Print

Last date of submitting the examination forms ( without late fee ) for June 2012 session is Monday, the 26th March 2012 ( 24th March & 25th March 2012 being Saturday & Sunday respectively ). 2. Last date of submitting the admission form for Foundation Program ( to be eligible to appear in Dec 2012 exam of institute ) is Monday, the 2nd April 2012 ( 31st March & 1st April 2012 being Saturday & Sunday respectively ).

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