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Scheduled Urban Cooperative Banks can issue Credit Cards- Guideline

April 30, 2015 2494 Views 0 comment Print

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 authorized by Department of Payment and Settlement Systems, Central Office.

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

April 30, 2015 4704 Views 0 comment Print

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).

Withdrawal of Exemption from additional duty of customs on certain entries

April 30, 2015 9523 Views 0 comment Print

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

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

April 30, 2015 1305 Views 0 comment Print

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.

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

April 30, 2015 2204 Views 0 comment Print

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 the notification of the Government of India in the Ministry of Finance

Notification No. 26/2015-CX, Dated: April 30, 2015 – 3% Cess Exemption to EOU

April 30, 2015 1685 Views 0 comment Print

The exemption contained in this notification shall also apply to excisable goods which are produced or manufactured by a hundred per cent. export oriented unit and brought to any other place in India in accordance with the provisions of Foreign Trade Policy

Change in Excise duty on ‘jarda scented tobacco’ based on Machine Capacity

April 30, 2015 3002 Views 0 comment Print

Notification No. 25/2015-Central Excise Dated: April 30, 2015 The speed range for ‘jarda scented tobacco’has been divided into two ranges (as in case of chewing tobacco), a. first upto 300 pouches per minute; and b. second from 301 onwards, and the deemed capacity and duty payable have been notified accordingly. Notification No.11/2010-Central Excise (N.T.), dated 27.02.2010

Excise duty exemption on finishing agents, dye carriers withdrawn & CVD on Hard disk, CD ROM drive etc. restricted to actual user

April 30, 2015 780 Views 0 comment Print

Notification No. 24/2015-CX, Dated: April 30, 2015 1) Excise duty exemption on finishing agents, dye carriers to accelerate the dyeing or fixing of dye-stuffs, printing paste and other products and preparations of any kind used in the same factory for the manufacture of textiles and textile articles has been withdrawn. S.No.133 of notification No.12/2012-Central Excise, dated 17.03.2012 as omitted by notification No.24/2015-Central Excise, dated 30.04.2015 refers.

Govt. withdraws excise duty exemption to Ordnance Factories & Defence PSUs

April 30, 2015 2536 Views 0 comment Print

The principal notification No. 62/95-Central Excise, dated the 16th March, 1995, published in the Gazette of India, Extraordinary, vide number G.S.R. 254(E), dated the 16th March, 1995, was last amended vide notification No. 42/2011-Central Excise, dated 30th December, 2011 published vide number G.S.R. 937(E), dated 30th December, 2011

Delhi Vat- Regarding Embassy of Finland –

April 30, 2015 976 Views 0 comment Print

No.F.5/54/Policy/VAT/2003/PF/126-137 Dated: 30/04/2015 In partial modification of this department’s Notification No.F.5(54)/Policy/VAT/2013/PF/ 1123-1135 dated 26/12/2013, the following condition may be inserted against Sl.No.A-44, Embassy of Finland (TIN. 07279892044) in Part A- List of Embassies :-

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