"02 January 2013" Archive

Public Notice No. 44 (RE-2012)/2009-2014, Dated: 02.01.2013

Public Notice No. 44 (RE-2012)/2009-2014 02/01/2013

In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy 2009-2014, the Director General of Foreign Trade hereby notifies following Chapter Offices of Federation of Indian Export Organizations (FIEO) in Appendix-2 of Handbook of Procedures-Volume 1 (Appendices and Aayat Niryat Forms), 2009-2014....

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The Fall and Rise of the Indian Rupee

Factors that contributed for Rupee’s Fall- Every incident occurs due to the presence of one or more factors which may directly or indirectly influence it. The story of the fall of the Rupee can also be linked to a host of elements which may not apparently look to be attributable to the fall, but has actually contributed to its drop. Let...

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Posted Under: DGFT |

Public Notice No. 43 (RE-2012)/2009-2014, Dated: 02.01.2013

Public Notice No. 43 (RE-2012)/2009-2014 02/01/2013

In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-14 and Paragraph 1.1 of the Handbook of Procedures (Vol.1), the Directorate General of Foreign Trade hereby makes following amendment in Handbook of Procedure....

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SEBI : Application Supported by Blocked Amount (ASBA) facility in public/ rights issue

CIR/CFD/DIL/1/2013 02/01/2014

This circular is issued in exercise of the powers conferred under Section 11 read with Section 11A of the Securities and Exchange Board of India Act, 1992...

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Benefit of Rule 6(3) cannot be denied by applying Rule 6(4B) of Service Tax Rules

HaidergarhChini Mills Vs Commissioner of Customs, Central Excise & Service Tax (CESTAT New Delhi)

As per facts on record, the appellant is engaged in the manufacture of sugar and molasses falling under Chapter 78 of Central Excise Tariff Act. They are availing services of goods transport agency for receiving the inputs in the factory as also for clearing the final product from the factory. The appellant, as recipient of GTA services, ...

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New Features on ACES New Website

1. A sub-menu Print Acknowledgement is available in each module to take a print of response/acknowledgment message at a later point of time. 2. Assessees can file ER7 return now through online, offline utility and xsd schema....

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Posted Under: DGFT |

Modifications in ST 1 & ST 2 & New Accounting Codes for existing & New registrants

Existing registrants: Those assessees, who had registered with the department after 01.07.2012 under the 'Other than in the Negative List' (OTNL) category should amend the taxable service details now and opt for relevant description/s from the list of 120 services. After approval by the departmental officer, a new Registration Certificate...

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Posted Under: DGFT | ,

CMA President Communique for January, 2013

The present day businesses are run by brands. It may be in the form of name, symbol, term, sign, design or any combination of these and signifies the services of any business and differentiates it from another. Branding is the visual voice of any enterprise. We CMAs have a glorious history of service to the nation. This does not mean that...

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Posted Under: DGFT |

Individuals of Bangladesh need not to take prior approval of RBI for opening an NRO Rupee account

Notification [No.FEMA.253/2013/RB]/GSR 26(E) 02/01/2013

Opening of accounts by individual/s of Bangladesh nationality may be allowed by authorised dealer or authorised bank, subject to satisfying itself that the individual/s hold a valid visa and valid residential permit issued by Foreigner Registration Office (FRO)/ Foreigner Regional Registration Office (FRRO) concerned;...

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Mere filing of Appeal does not operate as a stay or suspension of Order appealed against

Collector Of Customs, Bombay Vs M/S. Krishna Sales (P) Ltd. (Supreme Court of India)

If the authorities are of the opinion that the goods ought not to be released pending the appeal, the straight-forward course for them is to obtain an order of stay or other appropriate direction from the Tribunal or the Supreme Court, as the case may be. Without obtaining such an order they cannot refuse to implement the order under appe...

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