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Notifications/Circulars

Section 29B of the Industries (Development and Regulation) Act, 1951 – Power to exempt in special cases – List of items reserved for exclusive manufacture in small scale sector notified vide Notification No. S.O. 477(E) – Amendment in Notification No. S.O. 477(E), dated 25-7-1991

August 30, 2010 3422 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 29B of the Industries (Development and Regulation) Act, 1951 (65 of 1951), the Central Government, after considering the recommendations made to it by the Advisory Committee, hereby directs that the following further amendment shall be made in the notification of the Government of India in the erstwhile Ministry of Industry (Department of Industrial Development) number S.O. 477(E), dated 25 July, 1991,

CUSTOMS Notification No 85/2010, 30-08-2010, Regarding continuation of anti-dumping on imports of Acrylic Fibre originating in, or exported from, the Japan and Belarus

August 30, 2010 2347 Views 0 comment Print

Whereas, the designated authority, vide its notification No. 15/34/2008-DGAD, dated 6th July, 2009 published in Part I, Section 1 of the Gazette of India, Extraordinary, dated the 7th July, 2009, had initiated sunset review in the matter of continuation of anti-dumping on imports of Acrylic Fibre

Notification No. 04(RE-2010)/2009-2014, Dated: 30.08.2010

August 30, 2010 556 Views 0 comment Print

With immediate effect, following para shall be added at the end of para 2 below Sl. No. 2.10 of Notification No. 56 /2009-2014 dated 06.08.2010:-The above quantity of 2 lakh tones of wheat to Bangladesh will be exported by the PSUs of Department of Commerce viz. M/s. STC and M/s. PEC Ltd. as follows:

Prohibition on export of Non-basmati Rice-exemption for export to Bangladesh

August 30, 2010 457 Views 0 comment Print

The PSUs would lift the quantities of rice from the Central Pool and export on CIF basis as requested by the Government of Bangladesh. This would entail additional costs on account of freight, insurance etc. which will be borne by the Government of Bangladesh.

Prescribing SION for one new products “Propylene” under Chemical & Allied Products Group

August 30, 2010 436 Views 0 comment Print

In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-14 and Paragraph 1.1 of the Handbook of Procedures (Vol. I) (2009-14), the Director General of Foreign Trade hereby adds one new SION as A- for the export products “Propylene” in the Hand Book of procedures (Vol.II) as updated on 31st May, 2009 and amended thereafter from time to time, at appropriate place as mentioned in Annexure “A” to this Public Notice.

Public Notice No. 06/(RE2010)/2009-14, Dated: 30.08.2010

August 30, 2010 736 Views 0 comment Print

TABLE 4: NEW FOCUS PRODUCTS.FINISHED LEATHER: LEATHER FURTHER PREPARED AFTER TANNING/ CRUSTING, INCLUDING PARCEMENT-DRESSED LEATHER OF BOVINE (INCLUDING BUFFALO) OR EQUINE ANIMALS, WITHOUT HAIR ON, WHETHER OR NOT SPLIT (OTHER THAN LEATHER OF HEADING 4114).

Disclosure of agency details on policy document

August 30, 2010 3108 Views 0 comment Print

The Authority is in receipt of complaints from policyholders relating to agency identification and servicing, especially when they have approached insurers directly and are serviced through an agency allotted by the insurer. In particular, there are complaints that there are instances of agency codes that are dummy, with the agent being non-existent.

IRDA circular on Electronic Transaction Administration and Settlement System (ETASS)

August 30, 2010 1509 Views 0 comment Print

During the inspection of several broker and insurers, it was found that audit trial of many transactions with regard to reinsurance placements and coinsurance was very difficult to track. The trial started going cold after the money reaches the broker and cash flows to and from the reinsurer were not available for monitoring, either with the broker or the insurer. In this context, it is becoming difficult to verify the genuineness of the placements.

Data quality in Electronic Accounting System in Central Excise and Service Tax (EASIEST) – Assessee Code Mandatory for Excise and Service Tax payments

August 29, 2010 2015 Views 0 comment Print

Please refer to our circular RBI /2007 -08/225 (DGBA.GAD.No H-7633/ 41.07.006/2007-08) dated January 15, 2008 on the captioned subject. From January 22, 2008 onwards it was mandatory for all assesses to quote their assessee code in the GAR- 7 challan at the time of payment of excise duty or excise duty in the authorized bank branches.

Mandatory disclosures by the media of its stake in corporate sector

August 28, 2010 1428 Views 0 comment Print

SEBI had taken up with Press Council of India its concerns on practice of many media groups entering into agreements, such as ‘Private Treaties’, with companies. Typically, such arrangements are with companies which are listed or which proposes to come out with public offerings.

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