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Notifications/Circulars

Government allows Rebate of excise duty on export of goods to Nepal under ARE-1 Procedure w.e.f. 1st March 2012

December 5, 2011 3116 Views 0 comment Print

Notification No. 19/2004-CENT dated 04.09.2004 prescribes the procedure for granting of rebate for goods exported to countries other than Nepal. Now this Notification will apply to exports to Nepal too. Notification No. 24/2011-Central Excise (N.T.), New Delhi, the 5th December,2011

Bhutan exempt from export ban by India on Milk Powder, Wheat, Edible Oils, Pulses & Non Basmati Rice

December 5, 2011 972 Views 0 comment Print

In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 2.1 of the Foreign Trade Policy, 2009-2014, as amended from time to time, the Central Government hereby exempts the following items to Bhutan from any export ban, with the annual limits indicated against each:

Be Courteous to Public and Legislators – Government Directs Babus

December 5, 2011 679 Views 0 comment Print

The Members of Parliament and State Legislatures as the accredited representatives of the people occupy a very Important place in our democratic set-up. In connection with their duties, they often find it necessary to seek information from the Ministries/Departments of the Government of India or the State Governments, or make suggestions for their consideration or ask for interviews with the officers. Certain well-recognized principles and conventions to govern the relations between the Members of Parliament / State Legislatures and Government servants have already been established.

Amendment to MVAT Rules, 2005 (6th AMD)-Submission of Details of Sales and Purchases

December 5, 2011 1730 Views 0 comment Print

Whereas the Government of Maharashtra is satisfied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra Value Added Tax Rules, 2005 and to dispense with the condition of previous publicatioy thereof under the proviso to sub-section (4) of section 83 of the– Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005) ;

SEBI : {KYC (Know Your Client) Registration Agency} Regulations, 2011

December 2, 2011 1015 Views 0 comment Print

KRA shall cause an audit of its controls, systems, procedures and safeguards to be carried out periodically and take corrective actions for deficiencies, if any and report to Board.

RBI directs primary urban cooperative banks to not to process over 3-month old cheques

December 2, 2011 1502 Views 0 comment Print

The Reserve Bank of India on Friday directed primary urban cooperative banks not to make payments on cheques and other financial instruments that are over three months old, with effect from April next year. RBI directs that with effect from April 1, 2012, banks should not make payment of cheques/drafts/pay orders/banker’s cheques bearing that date or any subsequent date if they are presented beyond the period of three months from the date of such instrument, the Reserve Bank (RBI) said in a circular to all primary urban cooperative banks.

CCI (Salary, Allowances and other terms and conditions of service of Chairperson and other Members) Amendment Rules, 2011 – Substitution of Rule 3

December 2, 2011 1312 Views 0 comment Print

In exercise of the powers conferred by clause (d) of sub-section (2) of section 63 read with sub-section (1) of section 14 of the Competition Act, 2002 (12 of 2003), the Central Government hereby makes the following rules further to amend the Competition Commission of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and other Members) Rules, 2003, namely :—

The Securities and Exchange Board of India (KYC Registration Agency) Regulations, 2011

December 2, 2011 2467 Views 0 comment Print

As you are aware, SEBI simplified the account opening process for investors vide Circular No. CIR/MIRAD/16/2011 dated August 22, 2011. Further, SEBI vide circular MIRSD/SE/Cir-21/201 1 dated October 05, 2011 issued guidelines for uniform KYC requirements for investors while opening accounts with any intermediary in the securities market.

MVAT – Amendment to Notification dated 6th October 2007-Delegation of Power to JC

December 2, 2011 1012 Views 0 comment Print

In exercise of the powers conferred by sub-section (5) of section 10 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Commissioner of Sales Tax Maharashtra State, Mumbai, hereby amends the Notification No. Sr. DC(A & R)/PWR/1006/2/Adm-3, dated 6th October 2007, as follows, namely :‑

Splitting of Minimum Wages for PE contribution not permissible-Circular kept in abeyance

December 2, 2011 7389 Views 0 comment Print

The circular no.Coord. / 4 (6) 2003/ clarification / Vol. -II/ 7394 dated 23.05.2011 regarding splitting of minimum wages for the purpose of PF contribution is kept in abeyance in view of the verdict of Hon’ble High Court of Punjab and Haryana in the matter of LPA No. 1139 of 2011(O&M) Assistant Provident Fund Commissioner Vs M/s G4S Security Services(India) Ltd. & Another till out come of the SLP (C) No. 20085/ 2011 filed by EPFO against the above decision of High Court of Punjab & Haryana.

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