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Circulars

Classification of Filters referred to as “Disposable Sterilized Dialyzer” and “Microbarrier” for filtering blood” – regarding

May 9, 2013 3082 Views 0 comment Print

Doubts have been raised regarding classification of the filters referred to as Disposable Sterilized Dialyzer and Microbarrier: for filtering blood, whether under heading 9018, in tariff item 90189031 which provides for renal dialysis equipment (artificial kidneys, kidney machines and dialysers)

CL – Applicability of Regulation 17(6) in processing work items

May 8, 2013 1189 Views 0 comment Print

I am directed to convey, with the approval of the Competent Authority that, henceforth, under the provisions of Regulation 17(6) of the Company Regulation, 1956, ad-hoc work items may be created to extend the validity of the work item beyond the time limits prescribed under the Regulation by the ROC concerned.

Resolve Arrears Demand Grievances In Transparent Manner – CBDT

April 29, 2013 1904 Views 0 comment Print

The demand uploaded by AO’s on the CPC Portal together with demand in IRLA is way short of the total demand reported in CAP-I. And the demands uploaded, are sometimes incorrect or non-existent leading to grievances and causing aberrations in projection of total collection figures.

SEBI : Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement

April 29, 2013 511 Views 0 comment Print

at least 50% of other than promoter holdings as per clause 35 of Listing Agreement are in dematerialized mode before shifting the trading in the securities of the company from TFTS to normal Rolling For this purpose.

Utilizing Refunded SAD for Duty Payment (DEPB) – Extended Again

April 29, 2013 1784 Views 0 comment Print

Your kind attention is invited to the Circular No.27/2010-Customs, dated 13.08.2010, regarding procedure on refund of 4% Special Additional Duty (SAD). The above Circular provides the facility of manual filing of Bill of Entry for utilizing the amount of re-credited 4% SAD refunds for

List of 141 ITOs Selected For Appointment As ACIT

April 27, 2013 3426 Views 0 comment Print

Vide letter dated 27.04.2013 the CBDT has informed the names of 141 Income Tax Officers who are to be appointed in the grade of Assistant Commissioner of Income-tax (ACIT) in the pay scale of Rs. 15,600 – 39,100 (plus grade pay of Rs. 5,400 in Pay Band -3). Download CBDT letter dated. 27.04.2013

Delhi VAT – Due Date extended for Return for the period ending on 31st March 2013

April 25, 2013 6431 Views 0 comment Print

However, the tax due for the above mentioned period shall be deposited as per the provisions of Section 3(4) of the DVAT Act, 2004. Penalty and interest on late deposit of tax due shall be imposed as applicable.

Overseas entity having equity participation shall not offer financial products linked to Indian Rupee without RBI approval

April 25, 2013 1609 Views 0 comment Print

It has been observed that eligible Indian parties are using overseas direct investments (ODI) automatic route to set up certain structures facilitating trading in currencies, securities and commodities. It has come to the notice of the Reserve Bank that such structures having equity participation of Indian parties have also started offering financial products linked to Indian Rupee (e.g. non-deliverable trades involving foreign currency, rupee exchange rates, stock indices linked to Indian market, etc.).

Investment by Navratna PSUs, OVL and OIL in unincorporated entities in oil sector abroad

April 23, 2013 1747 Views 0 comment Print

Navratna Public Sector Undertakings (PSUs) and ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) are allowed to invest in overseas unincorporated entities in oil sector (for exploration and drilling for oil and natural gas, etc.), which are duly approved by the Government of India, without any limits under the automatic route.

SEBI issues circular on infrastructure debt fund

April 23, 2013 472 Views 0 comment Print

Private Placement to less than 50 investors has been permitted as an alternative to New Fund Offer to the public, in case of Infrastructure Debt Funds (IDF). In case of private placement, the mutual funds would have to file a Placement Memorandum with SEBI instead of a Scheme Information Document and a Key Information Memorandum.

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