"16 September 2013" Archive

Import / Export under IEC code of others is violation of FTP

Policy Circular No. 6 (RE-2013)/2009-2014 (16/09/2013)

It has been brought to the notice of this Directorate that some importers/exporters are effecting imports/exports by using IECs issued to others which is a complete violation of provisions of Foreign Trade Policy....

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SEBI : (Alternative Investment Funds) (Amendment) Regulations, 2013

Notification No. LAD-NRO/GN/2013-14/24/6573 (16/09/2013)

Provided that the applicant shall comply with clause (c) or clause (d) of regulation 4, as the case may be, within six months from the date of grant of in-principle approval and upon compliance with the same, the Board may grant a certificate of registration under sub-regulation (2)...

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Due Date for E-Filing of Tax Audit Report Should be Extended Immediately

CA Sudhir Halakhandi The last date of E-filing of tax audit report Is 30th Sept. 2013 and it is coming very near but as per our talks with chartered Accountants from various areas in the country most of them have not touched 50% mark of their targeted work. The reason is very simple, the per […]...

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Posted Under: DGFT |

Delhi VAT- Extend date for filing of Form Stock-1 online to 05.10.2013

Notification No.F.7(433)/Policy-II/VAT/2012/part File/782-794 (17/09/2013)

In supersession of all previous Notifications, regarding date for filing of Stock Statement in Form Stock-1 online for the stock available on 31st March, 2013, I, Prashant Goyal, Commissioner, Value Added Tax, in exercise of the powers conferred on me under sub-section(1) read with sub-section (3) of section 70 of Delhi Value Added Tax Ac...

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Companies Act, 2013- Sections in force from 12th September 2013

The Ministry of Corporate Affairs by notification dated 12th September 2013 has appointed 12th of September 2013 as the date on which certain provision of the Companies Act, 2013 shall come into force. In this context, I have prepared two tables, one for definitions that have not come into force...

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Posted Under: DGFT |

Delhi Govt. withdraw VAT benefit available to diplomats of Pakistan

Notification No.F.5(54)/Policy-II/VAT/2012-13/769-781 (16/09/2013)

Withdraw the privilege of VAT refund in respect of the High Commission of the Islamic Republic of Pakistan, New delhi (Entry at Sl. No 72 of Sl. No. 1 in Part-A of the Sixth Schedule) for its official purchases as well as for personal purchases of its diplomats, till further order....

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HC Directs Govt. to take steps for Welfare Of Sales Tax Tribunal in Maharashtra

Sales Tax Tribunal Bar Association & Ors. Vs State of Maharashtra through (Bombay High Court)

The Sales Tax Tribunal Bar Association in the State of Maharashtra has filed this Writ Petition seeking certain directions relating to appointment of members of the Sales Tax Tribunal under the Maharashtra Value Added Tax Act, 2002....

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Forex Counters in International Airports in India to convert unspent Indian Rupees of non-residents

RBI/2013-14/259 A.P. (DIR Series) Circular No. 45 (16/09/2013)

In order to provide money changing facility to non-residents to convert unspent Indian Rupees with them, Foreign Exchange Counters in the departure halls in international airports in India may be established in the Duty Free Area/SHA beyond the Immigration/ Customs desk....

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Instructions reiterating compliance of International Standards for Phytosanitary Measures (ISPM-15) in respect of wood packaging material by exporters

F. No.450/19/2005-Cus.IV (16/09/2013)

Attention is invited to Board Circular No. 14/2009 – Cus dated 06.05.2009 which provides that Customs field formations should verify whether the export goods packed with raw or solid wood packaging material comply with the International Standards...

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SEBI – Salient features of Angel Funds

Press Release No. 88/2013 (16/09/2013)

For ensuring investments are genuine angel investments, angel funds shall invest only in venture capital undertakings which are not more than 3 years old, have a turnover not exceeding Rs 25 crore, are not promoted, sponsored or related to an Industrial Group whose group turnover is in excess of Rs. 300 crore, and have no family connecti...

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