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Web enabled facility to ascertain insurance particulars of motor vehicles

May 14, 2012 955 Views 0 comment Print

Insurers are aware that the Insurance Information Bureau (IIB) which acts as insurance data repository of the Authority has been engaged in collecting, collating and compiling inter alia motor insurance data which are useful to the stakeholders.

Revised Schedule VI – Key Features, Comparative analysis & Format

May 14, 2012 35919 Views 0 comment Print

Key Features of Revised Schedule VI –Balance Sheet, Statement of Profit and Loss. Comparative analysis between Revised and old Schedule VI & Format of Revised Schedule VI

Customs – Concessional rates for imports from Singapore – Sanitary towels included

May 14, 2012 1147 Views 0 comment Print

Notification No. 36/2012-Customs Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 10/2008-Customs, dated the 15th January, 2008 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 33(E), dated the 15th January, 2008, namely:-

Seeks to amend notification no. 75/2005-Customs, dated 22nd July, 2005(India-Singapore CECA)

May 14, 2012 1630 Views 0 comment Print

Notification No. 35/2012-Customs In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.75/2005–Customs, dated the 22nd July, 2005 which was published in the Gazette of India, Extraordinary, vide number G.S.R.500(E), dated the 22nd July, 2005, namely:-

Seeks to amend notification no. 74/2005-Customs, dated 22nd July, 2005(India-Singapore CECA)

May 14, 2012 1552 Views 0 comment Print

Notification No. 34/2012-Customs In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.74/2005–Customs, dated the 22nd July, 2005 which was published in the Gazette of India, Extraordinary, vide number G.S.R.499(E), dated the 22nd July, 2005, namely:-

Seeks to amend notification no. 73/2005-Customs, dated 22nd July, 2005 (India-Singapore CECA)

May 14, 2012 1260 Views 0 comment Print

Notification No. 33/2012-Customs In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.73/2005–Customs, dated the 22nd July, 2005 which was published in the Gazette of India, Extraordinary, vide number G.S.R.498(E), dated the 22nd July, 2005, namely:-

Sugar Export Prior registration of quantity with DGFT mandatory

May 14, 2012 571 Views 0 comment Print

With the issue of this notification, Export Licensing Note 1 of Chapter 17 would cease to be applicable for export of sugar which is not against Advance Authorisation. For such exports registration of quantity with DGFT would be mandatory. For export against Advance Authorisation Scheme there would be no change.

Frauds in the Name of Mumbai Customs Office/Officer

May 13, 2012 1198 Views 0 comment Print

All are hereby informed that Mumbai Customs is in no way concerned with the international prize/award money. Public is requested not to believe in such fraudsters and if any one approaches or issues a receipt in the name of any Mumbai Customs Office/Officer the same may be reported to the nearest police station.

Campaign to Recover Outstanding Income Tax Amount

May 13, 2012 981 Views 0 comment Print

Recovery of outstanding arrears is an on going process. So far as recovery of outstanding arrears pertaining to direct taxes is concerned, the case of outstanding dues of Rs. 1 crore and above are regularly monitored at a senior level in the Income Tax Department through the mechanism of dossiers to ensure expeditious recovery. Further more, recently in cases where the assesses are not traceable or in whose cases assets as per available information are inadequate, detailed standardized procedure has been outlined to accelerate recovery resulting in detection of certain bank accounts.

Empanelment for Special Audit u/s 142(2A) of Income Tax Act, 1961 at Pune

May 13, 2012 6193 Views 0 comment Print

The Chief Commissioner of Income Tax, Pune invites applications from qualified Chartered Accountants/firms of CAs for empanelment to carryout Special Audit u/s 142(2A) of the I.T.Act, 1961. The remuneration for the Special Audit is governed by Rule 14B of the I.T.Rules, 1962.

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