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Notifications/Circulars

Notification No. 13/2015-Customs dated the 30th March, 2015

March 30, 2015 4329 Views 0 comment Print

Notification No. 13/2015 – Customs Seeks to amend Notification No. 69/2011-Customs dated 29th July 2011 so as to notify the next tranche of tariff concessions under the India-Japan Comprehensive Economic Partnership Agreement (CEPA), w.e.f. 01st April 2015

Procedure for use of digital signature on records and invoices- CBEC invite comments

March 27, 2015 13375 Views 0 comment Print

Kind attention is drawn to Hon’ble Finance Minister’s Budget Speech on the facility of maintenance of records in electronic form and authentication of records by Digital Signature for Central Excise assesses. Sub rule (4), (5) in Rule 10 and sub-rule (8), (9) in Rule 11 of Central Excise Rules, 2002 have been inserted vide Notification No. 8/2015-CE (N.T.) dated 01.03.2015 to initiate the implementation of the said facility.

Extension of e-payment deadline and of banking hours

March 27, 2015 562 Views 0 comment Print

The Reserve Bank of India has issued instructions vide RBI/2014-15/515 dated March 25, 2015 wherein it has been decided that all agency banks shall keep the counters of their designated branches conducting government business open for full day on March 30, 2015, and till 8.00 p.m. on March 31, 2015. All electronic transactions would, however, continue till midnight of March 31, 2015.

SEBI (International Financial Services Centres) Guidelines, 2015

March 27, 2015 1486 Views 0 comment Print

Any entity desirous of organising or assisting in organising any stock exchange or clearing corporation or depository, or desirous of undertaking any other financial services relating to securities market, shall be a recognised entity and such an entity shall seek permission of the Board in accordance with the norms specified herein or as may be specified by the Board, from time to time.

IRDAI (Regulation of Insurance Business in Special Economic Zone) Rules, 2015

March 27, 2015 2727 Views 0 comment Print

In exercise of the powers conferred by clause (c) of sub-section (2) of section 24 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999), the Central Government hereby, makes the following rules, namely:—

Import of Second Hand Tyres for direct use– Regarding

March 27, 2015 8349 Views 0 comment Print

The matter herein pertains to import of second hand tyres for direct use purpose. The import of ‘waste pneumatic tyres, excluding those which do not lead to resource recovery, recycling, reclamation or direct reuse’ falls under Schedule III B (B3140) of Hazardous Waste (Management, Handling and Trans-boundary Movement) Rules, 2008 and hence is regulated for the purpose of import/ export.

Revised selection criteria for appointment of Chairman, Vice-Chairman and members of SetCom

March 27, 2015 5123 Views 0 comment Print

4, Retirement from parent service on appointment as Chairman or Vice-Chairman or Member.— (1) Where, a Member, on the date of his appointment to the Commission, was in service under the Central Government, he shall seek retirement from such service before joining the Commission, and shalt be deemed to have so retired on the date of his joining the Commission. (2) On retirement as specified under sub-rule (1), the Member

Reg. Income accruing / arising through transfer of capital asset situate in India

March 26, 2015 5415 Views 0 comment Print

CIRCULAR No. 4/2015,A number of representations have been received by the Board stating that the purpose of introduction of Explanation 5 was to clarify the legislative intent regarding the taxation of income accruing or arising through transfer of a capital asset situate in India. Apprehensions have been expressed about the applicability of the Explanation to the transactions not resulting in any transfer, directly or indirectly of assets situated in India.

Special Clearing operations on March 30 and 31, 2015

March 26, 2015 1012 Views 0 comment Print

With a view to facilitate accounting of all the Government transactions for the current financial year (2014-2015) by March 31, 2015, it has been decided to conduct special clearing at all clearing houses across the country on March 30 and 31, 2015 as detailed below:

Bank accepting tax payments to remain open on 30th & 31st March 2015

March 25, 2015 3240 Views 0 comment Print

Banks shall keep the counters of their branches conducting government business open for full day on March 30, 2015, and till 8.00 p.m. on March 31, 2015. All electronic transactions would, however, continue till midnight of March 31, 2015. Banks may give adequate publicity to the special arrangements made.

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