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Seeks to amend notification No. 146/1994-Customs dated 13.7.1994

October 30, 2013 706 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes

Double benefit of CENVAT credit and duty drawback cannnot be claimed

October 30, 2013 2610 Views 0 comment Print

All Industry Rate of Duty Drawback, as notified by Department of Revenue, wherever admissible, also includes service tax component on input services. While giving a declaration for non-availment of CENVAT credit, applicant has to ensure that it has also not claimed CENVAT credit on service tax on input services. While making an application, applicant must ensure that it does not claim double benefit of CENVAT credit and duty drawback.

Provisions of para 4.1.15 of FTP applies for supplies to SEZs & deemed exports too

October 30, 2013 598 Views 0 comment Print

Wherever SION permits use of either (a) a generic input or (b) alternative inputs, unless the name of the specific input(s) [which has (have) been used in manufacturing the export product] gets indicated / endorsed in the relevant shipping bill and these inputs, so endorsed, match the description in the relevant bill of entry, the concerned Authorisation will not be redeemed

MCA 21 Portal Crosses Milestone of 1 Lakh Filings on One Single Day

October 30, 2013 691 Views 0 comment Print

The MCA 21 portal of the Ministry of Corporate Affairs crossed a significant milestone of 1,00,000 filings on one single day on 26th October 2013, surpassing the previous best of 88,119 filings last year (on 21/11/2012).

2nd Quarter Review of RBI Monetary Policy 2013-14

October 30, 2013 914 Views 0 comment Print

Date : 29 Oct 2013 Second Quarter Review of Monetary Policy 2013-14 : Statement by Dr. Raghuram G. Rajan, Governor, Reserve Bank of India “Good Morning and welcome to the Reserve Bank. Today, continuing the process begun in September, we have announced the following policy measures: we have reduced the marginal standing facility (MSF) rate […]

Public Notice No. 34 (RE-2013)/2009-2014, Dated: 29.10.2013

October 29, 2013 325 Views 0 comment Print

In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby makes the following amendments in Appendix 5 of the Handbook of Procedures (Vol.I) with immediate effect.

Notification No. 106/2013-Customs (N.T.) Dated: 29/10/2013

October 29, 2013 568 Views 0 comment Print

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby

Download draft rules (4th phase) under Companies Act 2013

October 29, 2013 4516 Views 0 comment Print

Suggestions invited for the 4th Tranche of Draft Rules under the Companies Act 2013. This Phase Covers the IEPF Authority The Ministry of Corporate Affairs has invited suggestions/ comments for the 4th tranche of Draft Rules being framed under the Companies Act, 2013. November 5, 2013 has been fixed as the last date for submission […]

SC Judgement for “None of the Above” Option on Voting Machine – Clarification

October 29, 2013 1373 Views 0 comment Print

The direction in the judgment dated 27th September, 2013 of the Hon’ble Supreme Court is to provide a NOTA option on the EVM and ballot papers so that the electors who do not want to vote for any of the candidates can exercise their option in secrecy.

RBI : Macroeconomic & Monetary Developments, 2nd Quarter Review 2013-14

October 29, 2013 315 Views 0 comment Print

The Reserve Bank of India today released the Macroeconomic and Monetary Developments, Second Quarter Review 2013-14. The document serves as a backdrop to the Second Quarter Review of Monetary of Policy 2013-14 to be announced on October 29, 2013.

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