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Notifications/Circulars

India-Sweden tax treaty amended to cover exchange of banking information as well

February 9, 2013 2222 Views 0 comment Print

The Convention and Protocol between the Government of the Republic of India and the Government of the Kingdom of Sweden for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital (DTAC) was first signed here on 24th June 1997.

President, VP or any other Member of Cestat, On Ceasing to Hold Office for any Reason, Not Entitled to Appear, Act or Plead before Cestat

February 8, 2013 862 Views 0 comment Print

I am directed to refer to your letter dated 25-10-2012 on the above subject and to inform you that as per section 129(6) of the Customs Act, 1962, on ceasing to hold office, the President, Vice-President or other Member shall not be entitled to appear, act or plead before the Appellate Tribunal. The word ‘on ceasing to hold office’ is applicable to all types of cessation

Liquidity Enhancement Schemes for Illiquid Securities in Equity Cash market

February 8, 2013 847 Views 0 comment Print

The Exchange must have systems and defined procedures in place to monitor collusion between trading members indulging in trades solely for seeking incentives and prevent payment of incentives in such cases.

Increase in FII debt limit for Government and Corporate Debt category

February 8, 2013 502 Views 0 comment Print

This circular shall come into effect immediately. This circular is issued in exercise of powers conferred under SEBI section 11(1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.

Regarding Export of Stone Aggregate to Maldive

February 8, 2013 748 Views 0 comment Print

Export of Stone Aggregates to the Republic of Maldives permitted vide notification dated 07.06.2011 is stopped till further notice.

FTP – Duty credit scrips issued under Post Export EPCG Scheme will be issued only in respect of basic customs duty

February 8, 2013 823 Views 0 comment Print

It is clarified that duty credit scrips issued under Post Export EPCG Scheme will be issued only in respect of basic customs duty and will have the same features as Chapter 3 scrips.

Amendment in Provisions of Para 5.23 of HBP v1 (EPCG Scheme)

February 8, 2013 2116 Views 0 comment Print

Where the exporter has obtained EPCG authorisation under Para 5.23 (c) of HBP v1, declaring that he shall not avail CENVAT Credit, the Export Obligation shall be fixed with reference to the basic customs duty paid. In such cases Duty Credit Scrip will be issued based on the certificate from Central Excise regarding non-availment of CENVAT credit.

Description of export product has been expanded to include Linen dyed fabric

February 8, 2013 949 Views 0 comment Print

In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-2014 and Paragraph 1.1 of Handbook of Procedures (Vol.1), the Director General of Foreign Trade hereby makes the following amendment/ modifications in the Handbook of Procedures, Vol.II (SION Book).

MCA relaxes additional fees & extension of last date in filing of various forms

February 8, 2013 3570 Views 0 comment Print

I am directed to inform you that the Ministry of Corporate Affairs has decided to extend the last date of filing and to relax the additional fees applicable on forms as per the provisions of Companies Act read with rules made there-under, which have been ought to be filed post transition of MCA 21 w.e.f. 17.01.2013, but could not be filed due to technical issues in MCA-21 system.

Rate of exchange of conversion of each of foreign currency WEF 08.02.2013

February 7, 2013 1232 Views 0 comment Print

Notification No.20/2013-Customs (N.T.) , DATED THE 7th February, 2013 Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II annexed hereto into Indian currency or vice versa shall, with effect from 8th February, 2013 be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

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