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Notifications/Circulars

Notification No. 28 (RE-2010)/2009-2014, Dated: 01.03.2011

March 1, 2011 406 Views 0 comment Print

Supply of goods will be eligible for refund of terminal excise duty in terms of para 8.3 (c) of FTP, provided recipient of goods does not avail CENVAT credit/rebate on such goods. Similarly, supplies will be eligible for deemed export drawback in terms of para 8.3 (b) of FTP on Central Excise paid on inputs/components, provided CENVAT credit facility/rebate has not been availed by applicant. Such supplies will however be eligible for deemed export drawback on customs duty paid on inputs/components.

Procedure for export of Sona Masuri, Ponni Samba and Matta rice

March 1, 2011 1033 Views 0 comment Print

This declaration has to be submitted to the customs at the time of export. A copy of declaration has to be deposited (and receipt obtained) with the Regional Authority (concerned Joint DGFT/ Dy. DGFT) within 15 days of export.

Amendments in Para 8.3.1 of HBP, Vol. 1 and in Appendix ANF 8

March 1, 2011 1054 Views 0 comment Print

Declaration is to be given on letter head of the supplier. The Declaration furnished by the supplier to Office of the Development Commissioner/Office of the Joint Director General of Foreign Trade should be in duplicate with complete address of the Jurisdictional Assistant/Deputy Commissioner of the Central Excise Division.

Company Law – Section 641 of the Companies Act, 1956 – Schedules, forms and rules – Power to alter Schedules – Replacement of existing Schedule VI by new Schedule VI with effect from 1-4-2011

February 28, 2011 13328 Views 0 comment Print

Whereas the Central Government in consultation with the National Advisory Committee on Accounting Standards framed the Companies (Accounting Standards), Rules, 2006 vide G.S.R. No. 739(E), dated the 7th December, 2006 and was subsequently amended vide notification numbering (i) G.S.R. 212(E), dated the 27th March, 2008 (ii) G.S.R. 225(E), dated the 31st March, 2009, in exercise of the powers conferred by clause (a) of sub-section (1) of section 642, read with sub-section (1) of section 210A and sub-section (3C) of section 211 of the Companies Act, 1956 (1 of 1956); Now, therefore, in exercise of the powers conferred by sub-section (1) of section 641 of the Companies Act, 1956 (1 of 1956), the Central Government hereby replace the existing Schedule VI to the said Act by the following Schedule VI, namely :-

Notification No. S.O. 447(E), dated 28-2-2011

February 28, 2011 2424 Views 0 comment Print

“SCHEDULE VI- (See section 211)- Where compliance with the requirements of the Act including Accounting Standards as applicable to the companies require any change in treatment or disclosure including addition, amendment, substitution or deletion in the head/sub-head or any changes inter se, in the financial statements or statements forming part thereof, the same shall be made and the requirements of the Schedule VI shall stand modified accordingly.

Prohibition on export of wheat-Exemption for export of wheat to Afghanistan

February 28, 2011 421 Views 0 comment Print

The export of 1,00,000 MTs of wheat to Afghanistan, as a donation from Government of India to the Government of Islamic Republic of Afghanistan will be permitted for export through FCI. upto 31.03.2011.

Export of Honey to USA and European Union

February 28, 2011 882 Views 0 comment Print

S.O. (E) In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992) read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government, with immediate effect, makes the following amendments in Notification No 66(RE – 2008)/2004-2009 dated 01.12.2008.

ICAI notifications related to increase/ Amendment in Fees

February 25, 2011 802 Views 0 comment Print

Whereas the Chartered Accountants Act, 1949 (No. 38 of 1949) has been amended by the Chartered Accountants (Amendment) Act, 2006 (No. 9 of 2006); And whereas the Council of the Institute of Chartered Accountants of India has been empowered to determine, under sub-section (3) of section 4 of the said Act, the fee for entry of names in the Register; Now, therefore, in exercise of the powers conferred by said sub-section (3) of section 4 of the said Act, the Council hereby determines that,- with effect from the 1st day of April 2011, the fee payable by every person eligible to have his name entered in the Register under section 4 of the said Act shall be rupees one thousand two hundred only.

CBI Arrests Secretary-General & Director General of Organising Committee CWG-2010 in on-going Investigation of a CWG Case

February 25, 2011 415 Views 0 comment Print

The Central Bureau of Investigation has today arrested the Director General and the then Secretary-General of organising committee CWG-2010 in the on-going investigation of a CWG case pertaining to procurement of Timing, Scoring and Result (TSR) system.

Notification for PT Amendment Rules

February 25, 2011 9882 Views 2 comments Print

Whereas the .Government of Maharashtra is satisfied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra State Tax on Professions, Trades, Callings and Employments Rules, 1975 and to dispense with the, condition of previous publication thereof under the proviso to sub-section (3) of section 27 of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 (Mah. XVI of 1975);

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