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Notifications/Circulars

RBI Guidelines for Rehabilitation of Sick SME Units

September 12, 2011 1056 Views 0 comment Print

Please refer to paragraph 5 of Annexure – I of our circular RPCD. NO. PLNFS.BC.57/06.04.01/2001-2002 dated January 16, 2002 on captioned subject. Norms for grant of reliefs and concessions by banks to potentially viable sick SSI units for rehabilitation as furnished in Appendix-II of the above circular were recently re-examined. It was observed that all the banks have migrated to the Base Rate regime with effect from July 1, 2010 and references to PLR/BPLR are no more meaningful.

Excise Duty – Govt exempts Sugar syrup or cream used within for manufacture of Biscuits

September 12, 2011 1852 Views 0 comment Print

Govt has vide Notification No. 39 /2011 –Central Excise, dated the 12th September, 2011 exempted Sugar syrup or cream used within the factory of production for manufacture of Biscuits cleared in packaged form with per kg retail sale price equivalent not exceeding Rs. 100.

Income Tax – Notified long-term infrastructure bond U/s. 80CCF

September 9, 2011 4139 Views 0 comment Print

Notification No. 50/2011 – Income Tax [F.NO. 178/43/2011-SO(ITA.1)], DATED 9-9-2011 – In exercise of the powers conferred by section 80CCF of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies bonds, subject to the following conditions, as long-term infrastructure bonds for the purposes of the said section, namely:-

Regarding Voluntary payment of custom duty before final assessment

September 9, 2011 5161 Views 0 comment Print

Circular No.40 / 2011 – Customs , – whenever any importer or exporter intimates to the proper officer in writing that he desires to pay voluntarily certain amount of duty of customs, at any time before finalization of the provisional assessment, the following may be drawn to his attention,

Notification No. 73 (RE-2010)/2009-2014, Dated: 09/09/2011

September 9, 2011 517 Views 0 comment Print

The export of all varieties of onions is prohibited with immediate effect till further orders. But, transitional arrangements under para 1.5 of Foreign Trade Policy shall be allowed.

Removal of ban on export of wheat

September 9, 2011 469 Views 0 comment Print

The term durum wheat means wheat of the Triticum durum species and the Hybrids derived from the inter – specific crossing of Triticum durum which have the same number (28) of chromosomes as that species. Export of wheat has been made free. Exports shall be only through Custom EDI ports.

RBI Guidelines on Base Rate – Circular No. DBOD.Dir.BC.34 /13.03.00/2011-12- Dated- September 9, 2011

September 9, 2011 574 Views 0 comment Print

The National Scheduled Tribes Finance and Development Corporation (NSTFDC), a wholly owned Government of India Section 25 Company under the Ministry of Tribal Affairs, extends financial assistance at concessional rates of interest for viable income generating activities to eligible beneficiaries belonging to Scheduled Tribes.

Notification No. 71 (RE-2010)/2009-2014, Dated: 09.09.2011

September 9, 2011 1663 Views 0 comment Print

In supersession of Notification No. 38 (RE-2007)/2004-2009 dated 15.10.2007 read with Notification No. 93 (RE-2007)/2004-2009 dated 01.04.2008, the following amendments are made with immediate effect against entry at Sl. No.45 A (except Tariff Code 1006 10 10) in Chapter 10 of Schedule 2 of ITC(HS.

Policy Circular No. 40 (RE-2010)/2009-14, Dated: 09.09.2011

September 9, 2011 597 Views 0 comment Print

Policy Circular No. 40 (RE-2010)/2009-14, As and when Customs (CBEC) have conveyed their readiness to implement on-line message exchange between Customs and DGFT, Policy Circulars have been issued from time to time by DGFT indicating the names and Port Codes of such Customs Ports where EDI facility would be available.

Reg. Exchange rate for calculation of anti-dumping duty on Para nitroaniline

September 9, 2011 625 Views 0 comment Print

Whereas, in the matter of import of Para Nitroaniline (hereinafter referred to as the subject goods), falling under sub-heading 29214226 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, People’s Republic of China (hereinafter referred to as the subject country)

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