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Notifications/Circulars

CSR Provisions of section 135 & Schedule VII of Companies Act, 2013 Applicable wef 01.04.2014

February 27, 2014 6069 Views 0 comment Print

In exercise of the powers conferred by sub-section (3) of section 1 of the Companies Act, 2013 (18 of 2013), the Central Government hereby appoints the 1st day of April , 2014 as the date on which the provisions of section 135 and schedule VII of the said Act shall come into force.

Customs Baggage Declaration Regulations 2013 – implementation thereof-reg

February 27, 2014 1036 Views 0 comment Print

Under the Customs Baggage Declaration Regulations 2013 all incoming international passengers will be required to declare the content of their baggage in the Indian Customs Declarations Form prescribed in the regulation.

Additional export incentive for prodcuts listed in Table 3 of Appendix 37D

February 27, 2014 2175 Views 0 comment Print

Market Linked Focus Products Scrip (MLFPS): Export of Products/Sectors of high export intensity/employment potential (which are not covered under present FPS List) would be incentivized @ 2 % of FOB value of exports (in free foreign exchange) under FPS when exported to the Linked Markets (countries), which are not covered in the present FMS list. Such products will be listed.

Amendments in the Export Reward/Incentive Schemes – MLFPS, FPS,

February 27, 2014 1823 Views 0 comment Print

8. In respect of items at Sl No. 260 to 263 of Appendix 37 D Table-1, in the column ‘Bonus Benefit’ the phrase Bonus only to Bicycles stands deleted w.e.f. 25.02.2014 when the original Public Notice was issued.

S. 195 AOs to tax taxable part of sum paid to NR for TDS default

February 26, 2014 15218 Views 0 comment Print

Sub: Deduction of tax at source under Section 195 read with Sections 201 of the Income-tax Act, 1961 relating to payment made to a non-resident-reg. Section 195 of the Income-tax Act (hereafter referred to as ‘the Act’) provides that any person, responsible for paying to a non-resident not being a company or to a foreign company, any sum chargeable under the provisions of this Act, shall at the time of credit of such income to the account of the payee or at the time of payment thereof, whichever is earlier,

Safeguard duty on imports of Sodium Nitrite into India

February 26, 2014 898 Views 0 comment Print

Central Government after considering the said findings of the Director General (Safeguards), hereby imposes on Sodium Nitrite falling under tariff item 2834 10 10 of the First Schedule to the Customs Tariff Act, when imported into India, a safeguard duty at the following rate,-

CBEC rescinds notification No. 18/2013 – Central Excise (NT), dated 31.12.2013

February 26, 2014 981 Views 0 comment Print

Notification No. 07/2014–Central Excise (N.T.) G.S.R. (E). – In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby rescinds the notification of the Government of India, Ministry of Finance

CBEC rescinds notification No. 17/2013 – Central Excise (NT), dated 31.12.2013

February 26, 2014 1083 Views 0 comment Print

Notification No. 06/2014–Central Excise (N.T.) G.S.R. (E). – In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue)

Revised List of Products eligible for VKGUY, MLFS & FPS Scheme wef 25.02.2014

February 25, 2014 9668 Views 2 comments Print

DGFT has issued revised lists of Products wef 25th February 2014 under Focus Product Scheme (FPS), Market Linked Focus Products (MLFP) and List Of Export Items Allowed Under Vishesh Krishi And Gram Udyog Yojana (VKGUY).

Reg. Plan to monitor cases where export obligation period and time prescribed for furnishing evidence of fulfilling of EO are over

February 25, 2014 747 Views 0 comment Print

Board has decided to strengthen the monitoring and make it uniform so that timely initiation of action to safeguard revenue can be invariably ensured as well as progress effectively tracked. Accordingly

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