On a review of the issue it has been decided that the exemption granted to RRBs up to the financial year 2008-09 from ‘mark to market’ norms in respect of their investments in SLR securities be extended by one more year i.e. for the financial year 2009-10. Accordingly, RRBs will have the freedom to classify their entire investment portfolio of SLR securities under ‘Held to Maturity’ for the financial year 2009-10 with valuation on book value basis and amortisation of premium, if any, over the remaining life of securities.
Please refer to our Master Circular dated July 1, 2009 on Lending to Priority Sector, in terms of which finance granted by banks to micro and small enterprises as defined under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, is eligible for classification under priority sector.
In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy 2009-2014, the Director General of Foreign Trade hereby notifies the following amendments/additions in Appendix 1 (List of Regional Authorities and their jurisdiction) in the Handbook of Procedures (Vol.I):
DGFT notification 37/2009-2014 (a) Export to EU permitted subject to Compulsory registration of contracts with APEDA, alongwith controlled Aflatoxin level certificate given by agencies/laboratories nominated by APEDA; (b Exports to Russian Federation permitted subject to pre-shipment quality certification issued by (1) Insecticide Residue Testing Laboratory.(2) Geo-Chem Laboratories Pvt. Ltd. (3) Reliable Analytical Laboratory (4) Arbro Pharmaceuticals Ltd. (5) Shri Ram Institute for Industrial Research, Delhi
The Madhya Pradesh Government has enacted the Madhya Pradesh Value Added Tax (Amendment) Act, 2010. Some of the significant changes under the said Act are as follows: Effective from 1 April, 2010, the rate of tax on goods falling under Part IV of Schedule II has been enhanced from 12.5% to 13%.
Effective from 1 April, 2010, the Haryana Government has introduced „Additional Tax? in the nature of surcharge. The Additional Tax is required to be calculated at 5% of the amount of VAT.
Whereas in the matter of imports of Acetone (hereinafter referred to as the subject goods), falling under sub heading 2914 11 00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred as the said Customs Tariff Act), originating in, or exported from, Thailand and Japan
Notification No.44/2010-Customs – Central Government hereby exempts Cotton waste, all sorts, falling under Heading No. 17 of the Second Schedule to the Customs Tariff Act, 1975 (51 of 1975), when exported out of India, from so much of the duty of customs leviable thereon which is specified in the said Second Schedule as is in excess of the amount calculated at the rate of 3% ad valorem.
The principal notification No.100/89-Customs, dated the 1st March, 1989 was published in the Gazette of India, Extraordinary, vide number G.S.R. 315(E), dated the 1st March, 1989 and was last amended vide notification No.25/2007-Customs, dated the 1st March, 2007 which was published in the Gazette of India, Extraordinary, vide number G.S.R.122 (E), dated the 1st March, 2007.
In exercise of the powers conferred by sub-section (1B) of section 35B of the Central Excise Act, 1944 (1 of 1944), and in suppression of the notifications of the Government of India, Ministry of Finance, Department of Revenue No. 6/2007-Central Excise (N.T), number G.S.R.77(E),dated the 12th February, 2007, notification No 02/2008(N.T.) dated 15th January,2008 vide number G.S.R. 32(E) dated 15th January, 2008,
