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Notifications/Circulars

Issuance of Non-Convertible Debentures (Reserve Bank) Directions, 2010

June 23, 2010 2580 Views 0 comment Print

The Reserve Bank of India, having considered it necessary in public interest and to regulate the financial system of the country to its advantage, in exercise of its powers conferred under sections 45K, 45L and 45W of the Reserve Bank of India Act, 1934 and of all the powers enabling it in this behalf, hereby gives to the agencies dealing in securities and money market instruments, the following directions for issuance of Non-Convertible Debentures (NCDs) of original or initial maturity up to one year.

Mediclaim policyholders will soon be able to switch their health cover providers

June 23, 2010 499 Views 0 comment Print

Mediclaim policyholders, who are not satisfied with the service of their existing service providers, will be able to switch to another insurer soon without any change in the premium outgo.However, this facility will be available to those policyholders who are insured for a sum of Rs 1 lakh and above, to begin with.

Standardisation and Enhancement of Security Features in Cheque Forms

June 22, 2010 608 Views 0 comment Print

# has been formulated on the basis of recommendations of a working group constituted for examining the need for standardisation of cheque forms and enhancement of security features therein and after consultations with banks;# has been introduced to curtail cheque frauds on account of alterations in the various fields of cheques and to give protection to customers as well as banks;

IRDA to frame new guidelines on unit linked insurance plans (ULIPs)

June 22, 2010 576 Views 0 comment Print

After winning the turf war with market watchdog SEBI on ULIPs, insurance regulator IRDA on Monday said it would frame new guidelines for these products to make them more attractive for policy holders. “Certainly, yes,” Insurance Regulatory and Development Authority (IRDA ) chairman J Hari Narayan said when asked whether the insurance regulator would unveil new guidelines for ULIPs to make them attractive for investors.

Clean Energy Cess Rules, 2010- Notification No. 06/2010

June 22, 2010 2320 Views 0 comment Print

Registration.- Every producer who is liable to pay cess shall get registered immediately with the jurisdictional Central Excise Officer but not later than a period of thirty days from the date of commencement of these rules by making an application to the jurisdictional Central Excise Officer :

Clean Energy Cess exemption to the State of Meghalaya [Clean Energy Cess Notification No. 05/2010]

June 22, 2010 1221 Views 0 comment Print

Clean Energy Cess Notification No. 05/2010- Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts all goods produced or extracted as per traditional and customary rights enjoyed by local tribals in the State of Meghalaya without any license or lease required under any law for the time being in force, from the clean energy cess leviable under section 83 of the said Finance Act.

Exemption to specified goods [Clean Energy Cess Notification No. 04/2010]

June 22, 2010 597 Views 0 comment Print

Clean Energy Cess Notification No. 04/2010- Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts all goods falling under Central Excise Tariff headings 2701, 2702, 2703 of the First Schedule to the Central Excise Tariff Act,1985 (5 of 1986), other than raw coal, raw lignite and raw peat , from the clean energy cess leviable under section 83 of said Finance Act :

Effective rate of Clean Energy Cess leviable on goods

June 22, 2010 994 Views 0 comment Print

In exercise of the powers conferred by section 83 of the Finance Act, 2010 (14 of 2010) read with section 5A of the Central Excise Act,1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts all goods leviable to the Clean Energy Cess under section 83 of the said Finance Act ,

Notification No 25/2010 Central Excise (N.T.); dated: 22.06.2010

June 22, 2010 1372 Views 0 comment Print

(C) dumpers or tippers, falling under Chapter 87 of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), registered in the name of provider of output service for providing taxable services as specified in sub-clauses (zzza) and (zzzy) of clause (105) of section 65 of the said Finance Act

Notification No. 35/2010-Service Tax, Dated: 22.06.2010

June 22, 2010 955 Views 0 comment Print

Notification No. 35/2010-Service Tax, dated 22-6-2010- Section 65(105)(zzzp) of the Finance Act, 1994 – Transport of goods by rail service – Exemption to specified services – Abatement for transport of goods by rail – Amendment in Notification No. 9/2010-ST, dated 27-2-2010

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