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Notifications/Circulars

MVAT – Recindment of Notification No. VAT.1507/CR-44/Taxation-1 dated 6th December 2007

May 31, 2012 1676 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 41 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby rescinds with effect from the 1st April 2012, the Government Notification, Finance Department, No. VAT.1507/CR-44/ Taxation-1, dated the 6th December 2007.

Appointiment of IRS Officers As Assistant Commissioners of Income-tax

May 31, 2012 1180 Views 0 comment Print

Notification No. 10/2012-Income Tax The president is pleased to appoint the following IRS(IT) officers in the grade of ACIT(Junir Scale) in the pay scale of Rs. 15,600 to Rs. 39,100 with effect from the dates stated against their names. Notification No. 10 of 2012 appointing IRS Officers As Assistant CITs

Regarding File applications for 9 SEZ port codes

May 31, 2012 717 Views 0 comment Print

DGFT Policy Circular No. 66 (RE-2010) /2009–Dated 31ST May, 2012- Sub:- File applications for 9 SEZ port codes – reg. Director General (Systems) have accorded SEZ port codes to the following 9 SEZs which have been uploaded on DGFT’s website:-

Online Reporting of Overseas Direct Investment in Form ODI

May 31, 2012 8630 Views 0 comment Print

It has now been decided to communicate the UIN in respect of cases under the Automatic Route to the ADs/Indian Party through an auto generated e-mail to the email-id made available by the AD/Indian Party. Accordingly, with effect from June 01, 2012 (Friday), the auto generated e-mail, giving the details of UIN allotted to the JV / WOS under the automatic route, shall be treated as confirmation of allotment of UIN, and no separate letter shall be issued by the Reserve Bank to the Indian party and AD Category – I bank confirming the allotment of UIN.

SEBI – Exit Policy for De-recognized/ Non-operational Stock Exchanges

May 30, 2012 2355 Views 0 comment Print

EBI vide circular dated December 29, 2008 issued guidelines in respect of exit option to stock exchanges. The exit policy of aforesaid exchanges has been reviewed by the Board and the said Circular stands revised/modified to the extent as under.

DGFT – Exemption for export of pulses to the Republic of Maldives

May 30, 2012 408 Views 0 comment Print

Notification No. 118 (RE-2010)/2009-2014 73 MTs of pulses for the year 2012-13 and 80 MTs of pulses for the year 2013-14 to the Republic of Maldives would be permitted to be exported through MMTC Ltd.

RBI- Uniformity in Risk weight for assets covering PPP and post COD projects

May 30, 2012 898 Views 0 comment Print

The Reserve Bank, vide its notification No.DNBS.233/CGM(US)-2011 dated November 21, 2011 viz; Infrastructure Debt Fund-Non-Banking Financial Companies (Reserve Bank) Directions, 2011 issued detailed guidelines with regard to regulation of IDF-NBFCs.In terms of the Guidelines,for the purpose of computing capital adequacy, IDF-NBFCs are permitted to assign a risk weight of 50 percent on bonds covering PPP and post commercial operations date (COD) projects in existence over a year of commercial operation.

MVAT Notification for Extension of date for Entry 59 of Schedule A

May 30, 2012 780 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 9 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby amends SCHEDULE A appended to the said Act, as follows, namely:—

Waste not, want not – New Rules to regulate e-Waste

May 30, 2012 1769 Views 0 comment Print

The Ministry of Environment and Forests (“MoEF”) has taken the first step towards reducing the alarmingly growing menace of pollutants from the information age. The E –Waste (Management and Handling) Rules, 2011 framed under the Environment Protection, Act 1986 were published on May 30, 2011 and have come into effect on 1st May 2012. This step is significant in the light of the fact that India generates about 400,000 tonnes of e waste annually of which 19,000 tonnes are getting recycled. The Rules puts the onus on the producers and the consumers for reducing e-waste.

Seeks to rescind Notfns. 09/2012, 10/2012, 11/2012, 18/2012 and 23/2012 – C.E

May 30, 2012 2368 Views 0 comment Print

G.S.R. 409 (E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby rescinds the following notifications of the Government of India in the Ministry of Finance (Department of Revenue), published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),as specified in column (2) of the Table below, except as respects things done or omitted to be done before such rescission, namely:-

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