1. in order to streamline the disposal of refund cases, in the first stage, all pending refunds, up to the period ending on 31st March, 2013, and up to Rs.l lakh in a tax period, would be automatically refunded centrally through ECS route to the Bank account of dealer based on his self-declaration. However, to verify accuracy of claim, 10% of such cases would be picked up later for audit on the basis of criteria and parameters decided by the Department.
It has been brought to the notice of this Directorate that some importers/exporters are effecting imports/exports by using IECs issued to others which is a complete violation of provisions of Foreign Trade Policy.
Provided that the applicant shall comply with clause (c) or clause (d) of regulation 4, as the case may be, within six months from the date of grant of in-principle approval and upon compliance with the same, the Board may grant a certificate of registration under sub-regulation (2)
In supersession of all previous Notifications, regarding date for filing of Stock Statement in Form Stock-1 online for the stock available on 31st March, 2013, I, Prashant Goyal, Commissioner, Value Added Tax, in exercise of the powers conferred on me under sub-section(1) read with sub-section (3) of section 70 of Delhi Value Added Tax Act, 2004, do hereby extend the date for filing of the said form to 5th October, 2013 for all dealers.
Withdraw the privilege of VAT refund in respect of the High Commission of the Islamic Republic of Pakistan, New delhi (Entry at Sl. No 72 of Sl. No. 1 in Part-A of the Sixth Schedule) for its official purchases as well as for personal purchases of its diplomats, till further order.
In order to provide money changing facility to non-residents to convert unspent Indian Rupees with them, Foreign Exchange Counters in the departure halls in international airports in India may be established in the Duty Free Area/SHA beyond the Immigration/ Customs desk.
Attention is invited to Board Circular No. 14/2009 – Cus dated 06.05.2009 which provides that Customs field formations should verify whether the export goods packed with raw or solid wood packaging material comply with the International Standards
For ensuring investments are genuine angel investments, angel funds shall invest only in venture capital undertakings which are not more than 3 years old, have a turnover not exceeding Rs 25 crore, are not promoted, sponsored or related to an Industrial Group whose group turnover is in excess of Rs. 300 crore, and have no family connection with the investors proposing to invest in the company.
In supersession of all previous Notifications, regarding date for filing of Stock Statement in Form Stock-1 online for the stock available on 31st March, 2013, I, Prashant Goyal, Commissioner, Value Added Tax, in exercise of the powers conferred on me under sub-section(1) read with sub-section (3) of section 70 of Delhi Value Added Tax Act, 2004, do hereby extend the date for filing of the said form to 5th October, 2013 for all dealers.
In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance
