"May, 2013" Archive - Page 14

Reg. transfer of goods imported by licensee or by a sub-contractor of licensee

Notification No. 28/2013-Customs (16/05/2013)

where the goods so imported by the licensee or a sub-contractor of the licensee are sought to be transferred, the importer produces to the Deputy Commissioner of Customs or the Assistant Commissioner of Customs, as the case may be, at the time of such transfer, the following, namely:-...

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ICAI Changes Centres for some Candidates in Kolkata, Udaipur, Vijayawada for 24 May 2013 Exam

Due to unavoidable circumstances, the venue for Paper 7-Information Technology and Strategic Management, of Intermediate (IPC) examination May 2013, to be held on 24th May 2013, has been changed, as given below, for some of the candidates in Kolkata, Udaipur and Vijayawada:...

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Posted Under: Custom Duty |

Regarding Difficulties in availing/extending exemption related to the Oil Exploration Sector

Circular No. 21/2013-Customs (16/05/2013)

Representations have been received from the trade and the field formations regarding difficulties being faced in availing/extending exemption relating to the Oil Exploration Sector under Sl. Nos 356, 358 and 359 of notification No.12/2012-Customs, dated 17-03-2012. ...

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Seeks to amends Notifications No. 34/2006-CE, 29/30/32/2012-CE and 33/2012-CE

Notification No. 17/2013-Central Excise [G.S.R. 315(E).] (16/05/2013)

Notification No. 17/2013-Central Excise Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue) specified in column (2) of the Table below, which shall be amende...

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Rate of Exchange-Customs with effect from 17th May, 2013

Notification No. 54/2013-Customs (N.T.) (16/05/2013)

CBEC 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 II annexed hereto into Indian currency or vice versa shall, with effect from 17th May, 2013 be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of t...

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Infrastructure Debt Funds

Q.1 What is an Infrastructure Debt Fund (IDF)? Ans. IDFs are investment vehicles which can be sponsored by commercial banks and NBFCs in India in which domestic/offshore institutional investors, specially insurance and pension funds can invest through units and bonds issued by the IDFs. IDFs would essentially act as vehicles for refinanci...

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Posted Under: Custom Duty |

Postponement of IPCC IT Paper May 2013 – An Avoidable Act of Shame

Students appearing for IPCC paper 5-Auditing & Assurance-on 13th May 2013 , were shocked to know , after coming out of the exam centre, that the exam for SM/IT paper -7 due to be held on 15th May 2013 has been postponed to 24th May 2013 due to unavoidable circumstances. ...

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Posted Under: Custom Duty |

All about Service Tax Voluntary Compliance Encouragement Rules, 2013

The Finance Act, 2013 has provided Amnesty Scheme for Non Filers and Stop Filers. Purpose of this scheme -To encourage voluntary compliance and broaden the taxbase. Section 94 to 104 of Chapter VI of Finance Act, 2013 provides legal backing to this Amnesty Scheme....

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Posted Under: Custom Duty |

Service Tax Return can be filed even for the period prior to registration

CBEC has accepted the Service Tax returns for the period July-September, 2012, which were rejected by system on the sole ground that these returns were filed for the period prior to the dates of registration of the assessees, as valid returns. These returns have been reprocessed in ACES and the status of these returns is […]...

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Posted Under: Custom Duty |

Govt ratifies 8.5% interest on PF deposits for 2012-13

Notification No. Invest.I/3(2)/133/ ROI/2012-13/4462 (15/05/2013)

I am directed to inform that Ministry of Labour and Employment, Govt. of India, vide its letter No. R-11018/1/2013.SS-II dated 15.05.2013 has conveyed the approval of the Central Government under para 60(1) of Employees' Provident Fund Scheme, 1952 for crediting interest @ 8.50% on EPF accumulation for the financial year 2012-13 to the ac...

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