"April, 2015" Archive - Page 3

Service Tax Exemption to Bima, Jan Dhan Yojna and to Atal Pension Yojana

Notification No. 12/2015-Service Tax 30/04/2015

Service Tax Exemption been extended vide Notification No. 12/2015-ST, Dated: April 30, 2015 to Pradhan Mantri Suraksha Bima Yojna, Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Jan Dhan Yogana and to Services by way of collection of contribution under Atal Pension Yojana (APY)....

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Budget 2015- Changes in Service Tax, Excise & Custom Duty as passed in Lok Sabha

D.O.F.No. 334/5/2015-TRU 30/04/2015

While replying to the discussions on the Finance Bill, 2015 in Lok Sabha today, Finance Minister has announced certain further changes in Central Excise and Customs duty rates. Notifications No.23 to No.27/2015-Central Excise and notifications No. 28 to No.30/2015- Customs, all dated 30th April, 2015 have been issued to give effect to the...

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Merchanting Trade to Nepal and Bhutan

RBI/2014-15/580 A.P.(DIR Series) Circular No. 97 30/04/2015

As Nepal and Bhutan are landlocked countries, there is a facility of transit trade whereby goods are imported from third countries by Nepal and Bhutan through India under the cover of Customs Transit Declarations in terms of the Government of India Treaty of Transit with these two countries....

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Guidelines on Distribution of Mutual Fund Products by NBFCs

RBI/2014-15/578 DNBR. (PD).CC.No. 033/03.10.001/2014-15 30/04/2015

The NBFC should have put in place a comprehensive Board approved policy regarding undertaking mutual funds distribution. The services relating to the same should be offered to its customers in accordance with this policy. The policy will also encompass issues of customer appropriateness and suitability as well as grievance redressal mecha...

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Non-submission of mandatory Annual Returns (FC-6) for 2009-2010, 2010-2011 and 2011-2012 by associations registered under FCRA 2010

NA 30/04/2015

April 30, 2015  Government of India Ministry of Home Affairs Foreigners Division FCRA Wing NOTICE Subject: Non-submission of mandatory Annual Returns (FC-6) for 2009-2010, 2010-2011 and 2011-2012 by associations registered under FCRA 2010 As per Section 18(1) of Foreign Contribution (Regulation) Act, 2010 (FCRA 2010) and Rule 17(1) of Fo...

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Scheduled Urban Cooperative Banks can issue Credit Cards- Guideline

RBI/2014-15/577 DCBR.CO.BPD.(SCB).No.1/13.05.000/2014-15 30/04/2015

With a view to enlarging the scope of Urban Cooperative Banks to expand their business and serve their customers, it has been decided to allow Financially Sound and Well Managed(FSWM) Scheduled Urban Cooperative Banks which are CBS enabled and having minimum net-worth of ₹ 100 crore to issue Credit Cards in affiliation with entities aut...

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Reduction in Custom duty on iron ore fines (below 58% Fe content)

Notification No. 30/2015-Customs 30/04/2015

Notification No.30/2015- Customs, dated 30.04.2015- Export duty on iron ore fines (below 58% Fe content) [falling under tariff lines 2601 11 41 and 2601 11 42] has been reduced from 30% to 10%. There is no change in the export duty rate on iron ore other than iron ore fines (below 58% Fe content). ...

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Withdrawal of Exemption from additional duty of customs on certain entries

Notification No. 29/2015-Customs 30/04/2015

The Reserve Bank has today released the final circular on the relaxation in requirement of additional factor of authentication (AFA) for small value card present transactions for values up to ₹ 2,000/- per transaction across all merchant categories. This is in line with the ...

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Changes in Custom duty rate on Sugar, Colemanite and other Boron ores, natural rubber, Digital Cameras & raw silk

Notification No. 28/2015-Customs 30/04/2015

Basic Customs Duty on raw and refined / white sugar has been increased from 25% to 40%. S.Nos.76, 77 and 78 of notification No.12/2012-Customs, dated 17.03.2012 as amended by notification No.28/2015-Customs, dated 30.04.2015 refer....

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Notification No. 27/2015-CX, Dated: April 30, 2015 – 3% Cess Exemption to EOU on DTA Clerance

Notification No. 27/2015-Cental Excise 30/04/2015

In exercise of the powers conferred by sub-section (1) and sub-section (2A) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sections 136 and 138 of the Finance Act, 2007 (22 of 2007), the Central Government being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in th...

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