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Notifications/Circulars

Withdrawal of provision for drawing of export samples of basmati rice for variety identification purposes

January 3, 2013 499 Views 0 comment Print

Since, export of non-basmati rice has been made free with effect from 09.09.2011 it has been decided to withdraw with immediate effect both the policy circulars mentioned in Para 1 above namely Policy Circular No. 33 (RE-2008) 2004-09 dated 30.09. 2008 and Policy Circular No. 28/2009-14 dated 31.03.2010.

Requirement of Certification regarding export of Fresh Grapes, Groundnut, Peanut & its products

January 3, 2013 472 Views 0 comment Print

In exercise of powers conferred under Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy, 2009-2014, as amended from time to time, the Central Government hereby notifies the following amendment in the Foreign Trade Policy, 2009-2014.

Exchange Rate of Foreign Currency Relating to imported and Export Goods wef 4th January, 2013

January 3, 2013 640 Views 0 comment Print

NOTIFICATION NO 1/2013 CBEC 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 4th January, 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.

DVAT – Submission of information in Form T-2 to come into force from 01st February, 2013

January 3, 2013 5324 Views 0 comment Print

Regarding submission of information in Form T- 2, shall in partial modification to the said notification, come into force with effect from the 01st February, 2013.

Public Notice No. 44 (RE-2012)/2009-2014, Dated: 02.01.2013

January 2, 2013 451 Views 0 comment Print

In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy 2009-2014, the Director General of Foreign Trade hereby notifies following Chapter Offices of Federation of Indian Export Organizations (FIEO) in Appendix-2 of Handbook of Procedures-Volume 1 (Appendices and Aayat Niryat Forms), 2009-2014.

Public Notice No. 43 (RE-2012)/2009-2014, Dated: 02.01.2013

January 2, 2013 490 Views 0 comment Print

In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-14 and Paragraph 1.1 of the Handbook of Procedures (Vol.1), the Directorate General of Foreign Trade hereby makes following amendment in Handbook of Procedure.

SEBI : Application Supported by Blocked Amount (ASBA) facility in public/ rights issue

January 2, 2013 763 Views 0 comment Print

This circular is issued in exercise of the powers conferred under Section 11 read with Section 11A of the Securities and Exchange Board of India Act, 1992

Individuals of Bangladesh need not to take prior approval of RBI for opening an NRO Rupee account

January 2, 2013 790 Views 0 comment Print

Opening of accounts by individual/s of Bangladesh nationality may be allowed by authorised dealer or authorised bank, subject to satisfying itself that the individual/s hold a valid visa and valid residential permit issued by Foreigner Registration Office (FRO)/ Foreigner Regional Registration Office (FRRO) concerned;

No service tax on transportation of milk by rail or a vessel from one place in India to another

January 2, 2013 1020 Views 0 comment Print

Representation has been received from the Indian Railways seeking clarification as to whether service by way of transportation of milk by rail is covered by Notification No.25/2012-ST dated 20.06.2012, serial number 20(i). Circular No.167/2/2013 – ST, New Delhi, 1st January, 2013

Reminder for insurance policies not being invoices would not invite levy of service tax

January 2, 2013 1688 Views 0 comment Print

It has been represented by life insurance companies that in terms of the practice followed, reminder notices/letters are being issued to the policy holders to pay renewal premiums. Such reminder notices only solicit furtherance of service which if accepted by policy holder by payment of premium results in a service. Clarification has been desired whether service tax needs to be paid on the basis of such reminders. Circular No.166/1/2013 -ST, Dated 1st January, 2013

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