The Union Cabinet today approved the proposal for the enactment of a new legislation in the form of the Lokpal Bill, 2011. The Bill provides for the establishment of the institution of Lokpal to inquire into allegations of corruption against certain public functionaries and for matters connected therewith or incidental thereto. The Bill envisages setting up the institution of Lokpal consisting of Chairperson and eight Members with the stipulation that half of the Members shall be Judicial Members. It will have its own Investigation Wing and Prosecution Wing with such officers and staff as are necessary to carry out its functions.
Allaying fears of sluggish economic growth impacting tax collections, Central Board of Direct Taxes (CBDT) Chairman Prakash Chandra today exuded confidence that revenue targets for 2011-12 will be achieved. We have got no indication (of slowdown impacting revenue collections). I am confident that direct tax collection target for the current fiscal would be achieved,” Chandra told reporters here when asked whether decelerating economic growth would impact tax collections.
European Union has proposed a settlement of the dispute by confirming the detailed principles agreed in the Understanding to guide border enforcement of intellectual property in the EU. In addition, EU agreed to India’s request for adoption of guidelines which would confirm the principles agreed to in the Understanding with a view to give greater and immediate legal certainty for producers and traders. EU also agreed to reflect the principles contained in the Understanding in its proposal for a new Regulation to replace Regulation 1383/2003. In return the EU sought an assurance that India would refrain from further steps in the ongoing dispute. Mr. Jean-Luc Demarty, Director General, European Commission sent a letter to this effect on 17 June 2011 to Commerce Secretary Shri Rahul Khullar.
The result of the Insurance and Risk Management [IRM] Examination held in May, 2011 is likely to be declared on 8th August, 2011 around 2 P.M. at the Institute’s office at New Delhi.
Notification No. 53 /2011 G.S.R. 583(E). – In exercise of the powers conferred by section 57 of the Finance Act, 2011 ( 8 of 2011), the Central Government hereby appoints the 1st day of August, 2011, as the date on which, the provisions of the said section shall come in to force.
Notification No 19 /2011-Central Excise (N.T.) Notwithstanding anything contained in sub-rule (1), every person who gets the goods, falling under Chapter 61 or 62 or 63 of the First Schedule to the Tariff Act, produced or manufactured on his account on job work, shall pay the duty leviable on such goods, at such time and in such manner as is provided under these rules, as if such goods have been manufactured by such person
Notification No. 18/2011 –Central Excise (N.T)- G.S.R. 580(E). – In exercise of the powers conferred by section 62 of the Finance Act, 2011 ( 8 of 2011), the Central Government hereby appoints the 1st day of August, 2011, as the date on which, the provisions of the said section shall come in to force.
Notification No.67 /2011-Customs In the matter of continuation of anti-dumping duty on imports of certain Rubber Chemicals, namely,MOR,PX13 and TDQ, falling under Chapters 29 and 38 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, European Union, People’s Republic of China, Chinese Taipei and the United States of America, imposed vide notification of the Government of India, in the Ministry of Finance (Department of Revenue),No. 94/2005-Customs, dated the 20th October,2005, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.643(E), dated the 20th October,2005, and had recommended extension of the anti-dumping duty.
DBOD.No.BP.BC. 25 /21.04.012/2011-12 Please refer to our circular DBOD.No.BP.BC.100/21.04.012/2009-10 dated April 29, 2010 extending the period of concessions/credit relaxations to borrowers / customers in Jammu & Kashmir up to 31 March 2011. It has been decided that the concessions/credit relaxations to borrowers/customers in the State of Jammu & Kashmir, as laid down in our Circular No. DBOD.No.BP.BC.77/21.04.012/2003-2004 dated April 21, 2004, will continue to be operative for a further period of one year, i.e., up to March 31, 2012.
DGFT has published the list of successful allottees for allocation of 10,00,000 MTs of non-Basmati rice for exports as notified in Notification No. 60 dated 19.07.2011 along with the 1st waiting list. The document submission, scrutiny and issue of registration certificates by the Regional Authorities of DGFT / DGFT(Head Quarters) (depending upon the choice of the allottees) would commence at 1000 Hrs on Thursday 28.07.2011 and will close at 1700 Hrs. on Thursday 18.08.2011, as mentioned in the Notification No. 60 dated 19.07.2011 subject to conditions mentioned therein.
