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Notifications/Circulars

Circular No. 132/1/2011 – ST dated 12-01-2011

January 12, 2011 1290 Views 1 comment Print

Circular No. 132/1 / 2011 – ST F.No.354/69/2010-TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit North Block, New Delhi January 12th, 2011 To Chief Commissioners of Central Excise and Service Tax (All), Director General (Service Tax), Director General (Central Excise Intelligence), Director General (Audit), Commissioners of Service Tax (All), Commissioners […]

SEBI – Introduction of Derivative Contracts on Foreign Stock Indices

January 11, 2011 724 Views 0 comment Print

This circular is issued in exercise of the powers conferred under section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with section 10 of the Securities Contracts (Regulation) Act, 1956 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.

Trade Notice No. 3/2011, Dated: 11.01.2011

January 11, 2011 631 Views 0 comment Print

Applicants may note that for the preparation of Republic Day Parade and rehearsal, there may be entry restriction and security requirements in and around Rajpath (where Udyog Bhawan is located) especially after 20th January, 2011. Therefore they may seek earlier dates rather than wait for 20th, 21st and 24th January, which are the last three days.

Interest Rates on Rupee Export Credit – UCBs

January 11, 2011 472 Views 0 comment Print

A medium enterprise is an enterprise where the investment in plant and machinery (original cost excluding land and building and the items specified by the Ministry of Small Scale Industries vide its notification No. S.O.1722(E) dated October 5, 2006) is more than Rs.5 crore but does not exceed Rs.10 crore.+

Section 90 of the Income-tax Act, 1961 – Double Taxation Agreement – Agreement among the Governments of SAARC Member States for avoidance of double taxation and mutual administrative assistance in tax matters

January 10, 2011 1627 Views 0 comment Print

Notification No. 3/2011 – Income Tax WHEREAS the annexed Agreement among the Governments of SAARC (South Asian Association for Regional Cooperation) Member States comprising the People’s Republic of Bangladesh, the Kingdom of Bhutan, the Republic of India, the Republic of Maldives, the Kingdom of Nepal, the Islamic Republic of Pakistan and the Democratic Socialist Republic of Sri Lanka for the avoidance of double

Procedure relating to tracing and tracking of export consignment of pharmaceuticals and drugs-regarding

January 10, 2011 657 Views 0 comment Print

Exporters of pharmaceutical products will be required to affix barcodes on their export products to facilitate tracing and tracking of their products. In order to enable exporters of pharmaceutical products for incorporation of this technology, adequate time is being given and that is why para 3 will be made applicable on 1st July 2011.

Handling of Cargo in Customs Areas Regulations, 2009- Circular No.4 / 2011-Customs

January 10, 2011 3006 Views 0 comment Print

Attention is invited to the Handling of Cargo in Customs Areas Regulations, 2009 which provide comprehensive guidelines for receipt, storage, delivery or otherwise handling of goods in the Customs area. These regulations also prescribe the responsibilities of persons

Allocation of quantities of cotton for export in terms of Policy Circular No. 09 dated 29.12.2010

January 10, 2011 451 Views 0 comment Print

Submission of required documents (as given in Note 1 and Note 2 of Annexure I of Policy Circular No.9 dated 29/12/2010), scrutiny thereof and grant of RC, if found eligible, shall be held on the working days either in the forenoon (10.00 AM to 1.00 PM) or in the afternoon (2.00 PM to 5.00 PM) between 11th and 24th of January, 2011.

Allocation of quantities of cotton for export in terms of Policy Circular No. 09 dated 29.12.2010

January 10, 2011 322 Views 0 comment Print

The Annexure to this Trade Notice contains the allocation of 19,00,000 Bales of cotton. The fractional numbers, in the annexed allocations will be rounded off at the time of issue of Registration Certificates, in order to ensure commercially meaningful transaction.

UCBs – RBI guideline on Opening of bank accounts – salaried employees

January 10, 2011 636 Views 0 comment Print

It has been brought to our notice that for opening bank accounts of salaried employees some banks rely on a certificate / letter issued by the employer as the only KYC document for the purposes of certification of identity as well as address proof. Such a practice is open to misuse and fraught with risk.

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