The Standard Input Output Norms (SION) for export product under S.No. A-2611 have been reviewed. There is no change in either description of the export product or in the permitted inputs, but the respective quantities of permitted inputs have been revised downwards.
Based upon the above information, a decision will be taken by DGFT (Hqrs). Authorizations will be issued from Jurisdictional RA on clearance from DGFT (Hqrs) and on submission of application in ANF 2 D by the applicant.
In exercise of the powers conferred by clause (a) of section 81 of the Customs Act, 1962, the Central Board of Excise and Customs hereby makes the following regulations to amend the Customs Baggage Declaration
Government of India has decided to extend the closing date for issuance of Inflation Indexed National Savings Securities- Cumulative (IINSS-C), 2013 from December 31, 2013 to March 31, 2014. The Government of India reserves the right to close the issue earlier than March 31, 2014.
In response to suggestions from banks and with a view to ensuring a level playing field among various market participants, it has been decided to permit bullet repayment of loans extended against pledge of gold ornaments and jewellery for other than agricultural purposes subject to the following guidelines:
It has been brought to the notice of the Board that varying practices are being followed by the field formations regarding exemption from SAD on goods cleared from SEZs / Free Trade Warehousing Zones (FTWZ) into the DTA under notification No.45/2005-Customs, dated 16.05.2005.
National Housing Bank (NHB) has decided to play Santa this Christmas and has announced an issue of tax free bonds with coupon/ interest rates as under:
The scheme for Lump Sum Tax on plywood is optional. No Input tax cedit will be available to a taxable person opting for lump sum taxation scheme. Taxable person opting for lump sum scheme shall be issuing retail invoice only.
Section 4 of Punjab VAT Act has been amended, which relates to constitution of VAT Tribunal. It provides the constitution of Tribunal, number of members in Tribunal, their qualification, appointment office holding period, power and duties of Tribunal members, chairman and Vice – chairman
These amendments relate to sub-section (7) of section 6 and provides: i) That by issuing a notification the State Government may specify such goods, on which a taxable person shall be required to pay tax in Advance
