Follow Us:

Notifications/Circulars

DGFT Specifies documents required for Export and Import

March 12, 2015 5348 Views 0 comment Print

Vide Notification No. 114 (RE-2013)/2009-2014, dated 12th Mar’15, DGFT has prescribed following documents(only three in number) which shall be mandatory for the import/export of goods: For export: o Bill of Lading/Airway Bill ; o Commercial Invoice cum Packing List (Separate Commercial Invoice and Packing List would also be accepted); o Shipping Bill/Bill of Export

Specifying documents required for Export and Import

March 12, 2015 1318 Views 0 comment Print

For export or import of specific goods or category of goods, which are subject to any restrictions/policy conditions or require NOC or product specific compliances under any statute, the regulatory authority concerned may notify additional documents for purposes of export or import.

CBI to recruit Superintendent of Police out of CBEC officers

March 11, 2015 2014 Views 0 comment Print

As you aware that Central Bureau of Investigation is a predominantly deputationist organization, hence we keep requiring services of officers from different organizations for induction. This would be advantageous for both the organizations. The Bureau would gainfully utilize the expertise and experience of the officers for investigation of complex cases and after their repatriation the experience gained by them in CBI would benefit the parent organizations.

Punjab VAT-Rate of tax on iron and steel enhanced to 3.5%

March 11, 2015 20549 Views 0 comment Print

Now, therefore, in exercise of the powers conferred by sub-section (3) of section 8 of the Punjab Value Added Tax Act, 2005, (Punjab Act No. 8 of 2005), and all other powers enabling him in this behalf, the Governor of Punjab is pleased to make the following

Punjab VAT-Rate of Advance tax on iron and steel enhanced to 3.5%

March 11, 2015 2114 Views 0 comment Print

(i) Iron and Steel (including its scrap) 3.5 percent and Iron and Steel goods, specified in clause (iv) of section 14 of the Central Sales Tax Act, 1956, except Wheels, Tyres, Axles, Wheel Sets and Non-Cenvat paid Iron and Steel Scrap.

Steps needed to be taken to improve indirect tax administration

March 11, 2015 1996 Views 0 comment Print

The National Litigation Policy (NLP) formulated by the Government of India aims to reduce Government litigation so that Government ceases to be a compulsive litigant. The purpose underlying this Policy is to ensure that valuable time of the Courts is spent in resolving pending cases and in bringing down the average pending time in the Courts. To achieve this, the Government should become an ‘efficient’ and ‘responsible’ litigant.

Acquisition/transfer of immovable property – Prohibition on citizens of certain countries

March 11, 2015 573 Views 0 comment Print

RBI/2014-15/495 A.P.(DIR Series) Circular No.83 Dated- March 11, 2015 To All Category – I Authorised Dealer Banks Madam / Sir, Acquisition/transfer of immovable property – Prohibition on citizens of certain countries Attention of Authorised Dealers in Foreign Exchange is invited to Regulation 7 of Foreign Exchange Management (Acquisition and Transfer of immovable property in India) […]

Guidelines on Sale of Financial Assets to Securitisation/Reconstruction Company

March 11, 2015 1314 Views 0 comment Print

Guidelines on Sale of Financial Assets to Securitisation Company(SC)/Reconstruction Company (RC) and Related Issues. In this connection, attention is invited to paragraph 28 (extract enclosed) of the Sixth Bi-Monthly Monetary Policy Statement, 2014-15 announced on February 03, 2015. As indicated therein, it has now been decided to permit banks to reverse the excess provision (when the sale is for a value higher than the NBV) on sale of NPAs (sold prior to February 26, 2014 to SCs/RCs) to their profit and loss account.

Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by Banks

March 11, 2015 4066 Views 0 comment Print

In view of concerns raised that these instructions are not being adhered to, we reiterate that outsourcing of any activity by the bank does not diminish its obligations, and those of its Board and senior management, who have the ultimate responsibility for the outsourced activity.

Sukanya Samriddhi Account – RBI ask banks to follow Rules

March 11, 2015 24267 Views 0 comment Print

The Agency banks are required to observe the Sukanya Samriddhi Account Rules, 2014 and regulations of the Scheme, and non-observance of rules and regulations would attract penal action, including de-authorization of the branch or bank. Pecuniary liabilities, if any, arising from such non-observance shall be borne entirely by the bank.

Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930