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Archive: 16 September 2013

Posts in 16 September 2013

SEBI – Salient features of Angel Funds

September 16, 2013 1958 Views 0 comment Print

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 connection with the investors proposing to invest in the company.

Delhi VAT-Date for filing of Form Stock-1 online extended to 5.10.2013

September 16, 2013 598 Views 0 comment Print

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 Act, 2004, do hereby extend the date for filing of the said form to 5th October, 2013 for all dealers.

Punjab VAT : Clarifications on e-Trip and e-ICC

September 16, 2013 1578 Views 0 comment Print

The Commissioner Excise and Taxation Punjab has issued a clarification that Goods and Materials obtained from cutting of old ships and boats as well as the heavy melting scrap are covered under the entry iron and steel for the purposes of E-trip.

Plywood exempted from E-trip under Punjab VAT act, 2005

September 16, 2013 1054 Views 0 comment Print

As the news has been coming that a lump sum tax scheme under Punjab VAT Act, 2005 for plywood industries will be soon notified, the plywood therefore has been exempted from the list of specified goods for the purpose of e-trip.

Rate of exchange of conversion of each of the foreign currency w.e.f. 17th September, 2013

September 16, 2013 1777 Views 0 comment Print

In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance

Lending Against Security of Single Product – Gold Jewellery

September 16, 2013 874 Views 0 comment Print

It may be recalled that in the light of the spike in gold imports in the recent years and the potential threat this could pose to external stability of the country, the Working Group to Study the Issues Related to Gold Imports and Gold Loans NBFCs in India (WG) was set up by the Reserve Bank,

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