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Notifications/Circulars

Notification No. 21/2013-Customs (N.T.), Dated- 15th February, 2013

February 15, 2013 1552 Views 0 comment Print

Silver, in any form, in respect of which the benefit of entries at serial number 322 and 324 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed

Introduction of Periodic Call Auction for Illiquid Scrips and Extension of Pre-open Session to all Scrips

February 14, 2013 864 Views 0 comment Print

The issue of extending call auction mechanism in pre-open session to all scrips was deliberated in Secondary Market Advisory Committee (SMAC). SMAC also made recommendation on introduction of trading through periodic call auction mechanism for illiquid scrips in the equity market. Accordingly, it has been decided to implement following:

Notification No. 4/2013-Customs, Dated : Feburary 14, 2013

February 14, 2013 624 Views 0 comment Print

The principal notification No. 103/2009-Customs, dated the 11th September, 2009 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 669 (E), dated the 11th September, 2009 and was last amended by notification

FTP – SION – Pesticides deleted as permissible input

February 13, 2013 826 Views 0 comment Print

Pesticides (Biocides/Fungicides/ Herbicides/Insecticides) under SION J-373 stands deleted as a permissible input with immediate effect.

Regarding import of catalyst for one subsequent charge under EPCG scheme

February 13, 2013 3004 Views 0 comment Print

That the catalyst for one subsequent charge shall be allowed, under the authorization in which plant, machinery or equipment and catalyst for initial charge have been imported, except in cases where the Regional Authority issues a separate authorization for catalyst for one subsequent charge after the plant, machinery or equipment and catalyst for initial charge have already been imported.

Govt urges Tax Payers to disclose true income and pay Tax

February 12, 2013 3117 Views 0 comment Print

In the statement made by the Revenue Secretary to the media on 10th December 2012, he had stated that there is no advantage in suppressing the true income or avoiding paying income tax that is due because, sooner or later, the information available with the Income Tax Department will lead the department to the doors of such persons.

Financial Statement in XBRL mode filing due date extended to 28.02.2013

February 12, 2013 1745 Views 0 comment Print

Time limit to file the financial statements in the XBRL mode without any additional fee/penalty has been extended up to 28th February, 2013 or within 30 days from the due date of AGM of the company, whichever is later.

Debenture Redemption Reserve- Clarification Dated 11.02.2013

February 11, 2013 2092 Views 0 comment Print

The amount deposited or invested, as the case may be, above shall not be utilized for any purpose other than for the repayment of debentures maturing during the year referred to above, provided that the amount remaining deposited or invested, as the case may be, shall not at any time fall below 15 per cent of the amount of debentures maturing during the 31St day of March of that year.

Conditions for Opening of NRO accounts by individuals of Bangladesh Nationality without RBI approval

February 11, 2013 991 Views 0 comment Print

Authorised banks would be permitted to open NRO account of individual/s of Bangladesh nationality without the approval of the Reserve Bank subject to the following conditions:

FM’s directions on filing of SLP in Supreme Court

February 11, 2013 2002 Views 0 comment Print

I am directed to convey that the Hon’ble Finance Minister has expressed serious concern about drafting of ‘Substantial Question of Law’ in the proposals to file SLP. He has also expressed dissatisfaction over lack of assistance to the Law officers/appearing counsels by field officers.

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