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Archive: November, 2014

Posts in November, 2014

Central Excise/Customs – Malarial Control Drugs Exempted

November 21, 2014 1997 Views 0 comment Print

the manufacturer shall produce a certificate from an officer not below the rank of Deputy Secretary to the Government of India in the Ministry of Health and Family Welfare at the time of clearance of the said Goods to the Jurisdictional Assistant Commissioner or Deputy Commissioner of Central Excise to the effect that the said goods are required

Imposition of Anti Dumping Duty on importation of Digital Versatile Discs-Recordable

November 21, 2014 600 Views 0 comment Print

The Central Government vide Notification No. 45/2014–Customs (ADD) dated November 21, 2014 (Notification No. 45) has again imposed Anti Dumping Duty (ADD) on import of Digital Versatile Discs-Recordable (DVD-R and DVD-RW) falling under Heading 8523 of the First Schedule to the Customs Tariff Act, 1975 (the Customs Tariff Act), originating in or exported from the People’s Republic of China, Hong Kong and Chinese Taipei.

Imposition of Anti Dumping Duty on importation of Diclofenac Sodium

November 21, 2014 564 Views 0 comment Print

the matter of review of anti-dumping duty on import of the subject goods, originating in or exported from the subject country, the designated authority in its final findings

Sanction refund expeditiously keeping in mind the interest to be paid for delay

November 21, 2014 1998 Views 0 comment Print

Authorities to take expeditious steps to sanction the refund keeping in mind that interest is to be paid from the kitty of the general public – Order marked to the Finance Minister for consideration Vodafone (I) Ltd. Vs. Commissioner of Service Tax, Mumbai-I [2014-TIOL-2263-CESTAT-MUM] In the instant case, the Stay application filed by the Revenue against […]

Uniform list of Services to be followed in SEZ- regarding

November 21, 2014 6769 Views 0 comment Print

Instruction No. 83 Dated 21st November, 2014 Representations have been received in this Department that despite issue of default list of authorised services by DoC, the SEZ Developers and Units are forced to apply, a fresh to UAC even for those authorized services which are already approved earlier by the UAC for the said Developers/Units.

Procedure to Convert A Public Company Into Private Company

November 21, 2014 26606 Views 1 comment Print

The Companies Act, 2013 was expected to simplify the provisions but on the contrary it brought lot of restriction on doing business. However it is proposed by Ministry of Corporate Affairs to provide various Exemptions to Private Limited Companies. If it approve there will be lot of relaxation to private companies. To take that future advantage many public companies are converting themselves into Private Companies.

Acquisition/Transfer of Immovable property in India – Payment of taxes

November 20, 2014 3024 Views 0 comment Print

A.P. (DIR Series) Circular No. 38 Dated- November 20, 2014 Attention of Authorised Dealers in Foreign Exchange is invited to Foreign Exchange Management (Acquisition and Transfer of immovable property in India) Regulations, 2000 notified vide Notification No. FEMA 21 /2000-RB dated 3rd May 2000 as amended from time to time.

Rate of exchange of conversion of each of foreign currency wef 21.11.2014

November 20, 2014 1548 Views 0 comment Print

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance

Time Period of Realisation & Repatriation of Export Proceeds

November 20, 2014 2978 Views 0 comment Print

A.P. (DIR Series) Circular No. 37 Dated- November 20, 2014Export of Goods / Software / Services – Period of Realisation and Repatriation of Export Proceeds – For exporters including Units in SEZs, Status Holder Exporters, EOUs, Units in EHTPs, STPs and BTPs

Banks should not take undue advantage of customer difficulty or inattention – RBI

November 20, 2014 2302 Views 0 comment Print

Instead of levying penal charges for non-maintenance of minimum balance in ordinary savings bank accounts, banks should limit services available on such accounts to those available to Basic Savings Bank Deposit Accounts and restore the services when the balances improve to the minimum required level.

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