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Notifications/Circulars

Arvind Kejriwal's wife retires from revenue service

July 12, 2016 23553 Views 0 comment Print

Upon considering her notice for voluntary retirement from Government Service under FR-56(k), the President of India is pleased to allow Smt. Sunita Kejriwal, IRS(IT-93072), CIT(DI3), ITAT, New Delhi to retire from government service with effect from 15.07.2016 (AN).

TEXPROCIL members can also seek clarification on duty free import entitlement

July 11, 2016 16308 Views 0 comment Print

Seeks to further amend notification No. 12/2012-Customs, dated 17.03.2012 [S. No. 284A] so as to provide that the manufacturer or merchant-exporter, referred to therein, may also be registered with the Cotton Textiles Export Promotion Council(TEXPROCIL), in addition to Apparel Export Promotion Council or the Synthetic and Rayon Textile Export Promotion Council and may seek certification from any of the aforesaid bodies for the purposes of availing duty free import entitlement under the said entry.

No Mandatory Physical verification of readymade garments manufacturing unit

July 11, 2016 18080 Views 0 comment Print

Every manufacturing factory or premises engaged in the manufacture or production of goods falling under Chapters 61, 62 or 63 (except laminated jute bags falling under headings or tariff item 6305, 6309 00 00 or 6310) of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) bearing a brand name or sold under a brand name and having a retail sale price (RSP) of one thousand rupees and above, shall be exempted from sub-clauses (i) and (ii) above.

CBDT revises format of Issue of Income Tax notices U/s. 143(2)

July 11, 2016 53520 Views 3 comments Print

Central Board of Direct Taxes, with approval of the Revenue Secretary, has decided to modify notice under section 143(2) of the Income-tax Act. Henceforth, there shall be three formats of the said notice namely: Limited Scrutiny, Complete Scrutiny, Manual Scrutiny

Ensure 100% entry of IDS Form 1 received in paper format : CBDT

July 11, 2016 19206 Views 0 comment Print

All Principal CIT/CIT are also kindly requested to ensure that all Form 1 received in paper format till date and henceforth are entered in the system. Thereafter, the reporting of data of paper Form 1 received by PCIT/CIT, sent on email id to JS (TPL) – 2, may be discontinued. Till the time 100% compliance of data entry of IDS -Form 1 is achieved, the concerned regions may report only such data that has not been entered in the system to JS (TPL)- 2 as per the instructions of CBDT.

Notification No. 31/2016-Customs (ADD), Dated: 11.07.2016

July 11, 2016 16850 Views 0 comment Print

Seeks to amend notification No.61/2011-Customs dated 15.07.2011. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NEW DELHI Notification No. 31/2016-Customs (ADD), Dated : July 11, 2016 In exercise of the powers conferred by sub-section (1) and sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rules 18, […]

Anti-dumping duty on 1,1,1,2-Tetrafluoroethane or R-134a

July 11, 2016 15244 Views 0 comment Print

Seeks to impose definitive anti-dumping duty on 1,1,1,2-Tetrafluoroethane or R-134a originating in or exported from People’s Republic of China for a period of five years GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS NEW DELHI NOTIFICATION NO. 30/2016-CUSTOMS (ADD), Dated: July 11, 2016 G.S.R. 675(E). Whereas, the designated […]

Extension of date for filing applications for TRQ on Maize

July 11, 2016 14959 Views 0 comment Print

The time limit for submitting completed applications in ANF-2M for allocation of Tariff Rate Quota (TRQ) on Maize is extended till 8th August, 2016

SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2016

July 8, 2016 1411 Views 0 comment Print

A foreign portfolio investor shall ensure that any transfer of offshore derivative instruments issued by or on behalf of it, is made subject to the following conditions: (a) such offshore derivative instruments are transferred to persons subject to fulfilment of sub-regulation (1); and (b) prior consent of the foreign portfolio investor is obtained for such transfer,except when the persons to whom the offshore derivative instruments are to be transferred to are pre-approved by the foreign portfolio investor.

SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2016

July 8, 2016 5026 Views 0 comment Print

43A. (1) The top five hundred listed entities based on market capitalization (calculated as on March 31 of every financial year) shall formulate a dividend distribution policy which shall be disclosed in their annual reports and on their websites. (2) The dividend distribution policy shall include the following parameters:

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