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Notifications/Circulars

Rate of exchange of conversion of each of foreign currency WEF 21.09.2012

September 20, 2012 1388 Views 0 comment Print

Notification No. 84/2012-Customs (N.T.) 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 21st September, 2012 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.

Only High Court Judge To Be President of CESTAT, VPs Post Abolished

September 20, 2012 1290 Views 0 comment Print

In exercise of the powers conferred by the proviso to article 309 of the Constitution of India, the President hereby makes the following rules to further amend the Customs, Excise And Service Tax Appellate Tribunal Members (Recruitment and Conditions of Service) Rules, 1987, namely:

Transfer of PANs Of Non-Resident Assessees

September 19, 2012 1423 Views 0 comment Print

LETTER [F.NO. ADDL. DIT/INTL. TAXATION/2012-13] Jurisdiction over non-resident assessee lies with the AOs under administrative control of DGIT (Intl. Tax). It has been observed by DGIT (Intl. Tax.) that PAN of many non-resident assessees are lying with the AOs who do not have jurisdiction over them.

Anti Dumping Duty on Paracetamol – Resurrection Again

September 19, 2012 558 Views 0 comment Print

Notification No.42 /2012-Customs (ADD) Central Government hereby makes the following amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 99/2007-Customs, dated the 3rd September, 2007, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.571(E), dated the 3rd September, 2007, namely: –

No Excuse acceptable For Delay in Filing Appeal – Govt

September 19, 2012 924 Views 0 comment Print

Letter No. DIT(L&R)-I/delay in SLP/2012-13 I am directed to bring to your kind notice that the Hon’ble Supreme Court has taken a serious view in cases of delay in filing appeals in the High Courts as also SLPs. In a particular case of delayed filing the responsibility has been directed to be fixed and action taken suitably. I am directed to Impress upon officers in the field formation to strictly adhere to the timelines laid down in instructions No 4 and 7 of 2011.

Customs – Exemption for LPG Imports by PSUs

September 18, 2012 1222 Views 0 comment Print

Notification No. 55/2012 – Customs in the Table, against Sl. No. 141, in the entry under column (3), for the words, letters and figures, for supply to household domestic consumers at subsidised prices under the public distribution system (PDS) Kerosene and Domestic LPG Subsidy Scheme, 2002, as notified by the Ministry of Petroleum and Natural Gas, vide notification No.P-20029/18/2001-PP, dated the 28th January, 2003 the words by the Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited or Bharat Petroleum Corporation Limited for supply to household domestic consumers.shall be substituted.

Central Excise – Exemption for LPG Supplies by PSUs

September 18, 2012 1699 Views 0 comment Print

in the said notification, in the Table, against Sl. No. 81, in the entry under column (3), for the words, letters and figures, at subsidised prices under the public distribution system Kerosene and Domestic LPG Subsidy Scheme, 2002 as notified by the Ministry of Petroleum and Natural Gas, vide notification No.P-20029/18/2001-PP, dated the 28th January, 2003 the words “by Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited or Bharat Petroleum Corporation Limited. shall be substituted.

Scheme of 1% Interest Subvention on Housing Loans extended up to 31.3.2013

September 18, 2012 1430 Views 0 comment Print

The interest subvention scheme has been liberalized with effect from FY 2011-12 by extending it to housing loans up to Rs.15 lakh where the cost of the house does not exceed Rs.25 lakh. The Scheme has since been extended by Government of India and will remain in force up to March 31, 2013.

Format of Tax Residency Certificate to avail DTAA / Treaty benefit notified

September 17, 2012 130617 Views 7 comments Print

Notification No. 39/2012-Income Tax Government has now vide notification No. NOTIFICATION NO. 39/2012 [, DATED 17-9-2012 released the following forms which are applicable from 1st day of April, 2013 :- FORM No. 10FA – Application for Certificate of residence for the purposes of an agreement under section 90 and 90A of the Income Tax Act, 1961 FORM No. 10FB – Certificate of residence for the purposes of section 90 and 90A

Cost Inflation Index – Financial Year 2012-13

September 17, 2012 25941 Views 0 comment Print

Notification No. 38/2012-Income Tax S.O. 2 187(E):- In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, number S.O.709 (E), dated the 20th August, 1998

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