In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.3 and 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby inserts the following Policy condition as Policy Condition no. 3 under Chapter 38 of ITC (HS), 2012 – Schedule – 1 (Import Policy).
There shall be no changes in Para 16 of the General Notes regarding Import Policy of ITC (HS), 2012 – Schedule – I (Import Policy) about multi-channel GSM / CDMA receivers, transmitters and trans – receivers capable of receiving, transmitting or both, in two or more frequencies as these items shall continue to be Restricted for imports.
If the payments bank appoints an entity as its business correspondent (BC), would that entity be able to perform business facilitation (BF) activities such as loan sourcing for some other bank in addition to performing payment related activities for the payment bank?
Will a group having two NBFC licences, one of which is a non–operative holding company for the main non-banking financial business and the other being the main financial business itself, surrender both its licences or only the active non-banking financial business licence while converting into a bank?
In accordance with a key announcement made by Prime Minister Narendra Modi on Independence Day, the Union Government today established NITI Aayog (National Institution for Transforming India), as replacement for the Planning Commission.
In order to fund the ambitious infrastructure development programme of the Government, particularly the building of 15000 kms of roads, during current and next financial year, the Government has decided to increase basic excise duty on petrol and diesel (both branded and unbranded) by Rs. 2 per litre. Allocation of these resources to the road sector will also spur economic activity and employment generation arising from the road construction sector.
NOTIFICATION NO.01/2015-CUSTOMS (N.T.) DATED THE 1st January, 2015 S.O. (E). – 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 (Department of Revenue) No.116/2014-CUSTOMS (N.T.), dated the 18th December, 2014 […]
Under the extant ECB guidelines, the choice of security to be provided to the overseas lender / supplier for securing ECB is left to the borrower. With a view to liberalising, expanding the options of securities and consolidating various provisions related to creation of charge over securities for ECB at one place
Income Tax Department has started sending Reminder by email to those who have not filed their Income tax return for Assessment Year 2014-15. Reminder is based on data available with e-filing website of Income tax India. In the reminder, department has provided a form in which Assessee has to provide the reason for non filing of return. Assessee can choose the option applicable to him and after choosing his option he can click the submit button given in the email :-
7 January 2015 Due date for deposit of Tax deducted/collected for the month of December, 2014 7 January 2015 Due date for deposit of TDS for the period October 2014 to December 2014 when Assessing Officer has permitted quarterly deposit of TDS under sections 192, 194A, 194D or 194H.
