"04 February 2013" Archive

CBDT – Delay in filing of SLP in Supreme Court – fixing of responsibility

Letter No. DGIT (L&R)/SOP for SLP/2012-13/04 (04/02/2013)

I am directed to say that the delay in filing of SLP is a serious cause of concern. One of the reasons for delay in filing of SLP is inordinate delay in receiving the SLP proposals in the Directorate of Legal & Research. Even after conveying the concern of the Board in this regard, it is observed that about 50% proposals are received aft...

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Anti Dumping Duty on ‘Flexible Slab stock Polyol’ – Extended Just In Time

Notification No. 01/2013-Customs (ADD) (04/02/2013)

It seeks to extend levy of anti-dumping duty imposed vide Notification No. 15/2008-Customs, dated the 5th February, 2008, on imports of ‘Flexible Slabstock Polyol’, originating in, or exported from, United States of America and Japan, upto and inclusive of 4th February, 2014....

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Draft Policy on Units in SEZs carrying on recycling of plastic scrap or waste

No.C.6/10/2009-SEZ (04/02/2013)

I am directed to circulate a Draft policy on Units in Special Economic Zones (SEZs) carrying on recycling of plastic scrap or waste and invite comments/suggestions on the same in order to finalize the Policy on Plastic Recycling Units in SEZs....

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Deemed Export Benefits for supply of goods to Mega Power Projects – DGFT Clarifies

Policy Circular No.14(RE-2012/2009-14 (04/02/2013)

As per amendment referred in para 2, benefit of zero duty import is available only for such Mega Power Project, specified in List 32A, appended to Notification No.49/2012-Customs, so certified by an officer, not below the rank of Joint Secretary to the Government of India, in the Ministry of Power before 19th day of July, 2012. Only 111 ...

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Value added agricultural products exempted from Export restrictions/ban

Notification No. 31 (RE-2012)/2009-2014 (04/02/2013)

Export of above processed and/or value added agricultural products will be exempted from any restriction / ban even in the event of restriction / ban on the export of basic farm produce....

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Requirements of Reconstruction Scheme revised for Listed Companies & Stock Exchanges

CIrcular No. CFD/DIL/5/2013, (04/02/2013)

The existing Clause 24(f) of the Listing Agreement mandates that a listed company shall file any scheme/petition, proposed to be filed before any Court or Tribunal under sections 391, 394 and 101 of the Companies Act, 1956, with the stock exchange, for approval, at least a month before it is presented to the Court or Tribunal....

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Income Tax Calculator for FY 2012-13 / AY 2013-14

This tax calculator can be used to calculate the approximate tax payable by salaried individuals for the Assessment year 2013-14 or Financial Year 2012-13. This should NOT be used to compute the actual taxes to be paid to the Government. We have outlined Below the Instructions to Be Followed for Use of Calculators and tax Rules. ...

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