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Notifications/Circulars

DGFT approves 14 new PSIA as Pre Shipment Inspection Agencies (PSIA)

October 1, 2012 7209 Views 0 comment Print

The following agencies are approved as Pre Shipment Inspection Agencies (PSIA) and enlisted in Appendix 5 of the Handbook of Procedures (Vol-I), Appendices and Aayaat Niryaat Forms:

Procedure & conditions for export of cotton w.e.f 1st October 2012

October 1, 2012 1513 Views 0 comment Print

Notification No. 17 (RE-2012)/2009-14 The Procedure and conditions for export of cotton w.e.f 1st October 2012 have been notified. This is similar to Notification number 113 of 4th May 2012, except appropriate changes in para 2(iii).

Policy Guidelines for issuance & operation of Prepaid Payment Instruments in India- Amendments

October 1, 2012 964 Views 0 comment Print

A. Rationalisation in the categorisation and value limits of PPIs – The five categories of semi-closed PPIs as indicated in our previous guidelines have been replaced with three broad categories as under: Semi-closed system prepaid payment instruments can be issued upto Rs.10,000/- by accepting minimum details of the customer provided the amount outstanding at any point of time does not exceed Rs 10,000/- and the total value of reloads during any given month also does not exceed Rs 10,000/-. These can be issued only in electronic form;

Companies (Issue of Indian Depository Receipts) Amendment Rules, 2012 – Amendment in rule 10

October 1, 2012 1483 Views 0 comment Print

In the Companies (Issue of Indian Depository Receipts) Rules, 2004, in rule 10, for sub-rule (i), the following sub-rule shall be substituted, namely

AGM can be held within the city, State or town of Registered Office of company or any place approved by Central Govt.

October 1, 2012 2400 Views 0 comment Print

Notification [F. No. 9/1/2011 – CL.V], dated 1-10-2012 In exercise of the powers conferred by sub-section (1) of section 620 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following further amendments in the notification of the Government of India in the erstwhile Department of Company Law Administration vide number S.R.O. 355, dated 17th January, 1957, a copy of this notification having been laid in draft before both houses of Parliament as required by sub-section (2) of that section, namely:-

Regarding deeper concessions under DFTP scheme for Least Developed Countries (LDCs)

October 1, 2012 1053 Views 0 comment Print

Notification No. 56/2012-Customs following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 96/2008-Customs, dated the 13th August, 2008, published in the Gazette of India, Extraordinary, vide number G.S.R. 590 (E), dated the 13th August, 2008, namely:-

Service tax on transport of passengers by Air – Draft circular

September 30, 2012 9098 Views 0 comment Print

Issue (a) : Whether service tax of 4.944% (60% abatement) will apply to related charges such as reconfirmation fee, upgrade fee, date change, additional collection, etc., levied by airlines to passengers?

Income Tax offices to remain open on 29th & 30th September, 2012

September 29, 2012 2800 Views 0 comment Print

The Board has decided that the Income-tax offices all over India shall make special arrangements by opening of receipt counters on 29th & 30th September, 2012 being Saturday & Sunday respectively for the convenience of taxpayers.

Due Date to File 23AC, 23ACA & 23B

September 28, 2012 13378 Views 6 comments Print

The Ministry of Corporate Affairs vide its General Circular No.30/2012 Dated 28.09.2012, mandates the due date of filing of e‐forms 23AC(Non‐XBRL) and 23ACA (Non XBRL) as per new schedule VI extended in following manner without any additional fee :‐ • Company holding AGM or whose due date for holding AGM is on or before 20.09.2012, the time limit will be 03.11.2012 or due date of filing, which ever is later.

Public Notice No. 19 (RE-2012)/2009-2014, Dated: 28.09.2012

September 28, 2012 463 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 makes the following amendment at Sl.No. 7 under Sub-heading Delhi in Appendix 4C (List of Agencies authorized to issue Certificate of Origin–Non Preferential) of the Handbook of Procedures-Volume 1 (Appendices and Aayat Niryat Forms), 2009-2014.

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