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Excise Duty – Govt exempts Sugar syrup or cream used within for manufacture of Biscuits

September 12, 2011 1846 Views 0 comment Print

Govt has vide Notification No. 39 /2011 –Central Excise, dated the 12th September, 2011 exempted Sugar syrup or cream used within the factory of production for manufacture of Biscuits cleared in packaged form with per kg retail sale price equivalent not exceeding Rs. 100.

Income Tax – Notified long-term infrastructure bond U/s. 80CCF

September 9, 2011 4133 Views 0 comment Print

Notification No. 50/2011 – Income Tax [F.NO. 178/43/2011-SO(ITA.1)], DATED 9-9-2011 – In exercise of the powers conferred by section 80CCF of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies bonds, subject to the following conditions, as long-term infrastructure bonds for the purposes of the said section, namely:-

Notification No. 73 (RE-2010)/2009-2014, Dated: 09/09/2011

September 9, 2011 514 Views 0 comment Print

The export of all varieties of onions is prohibited with immediate effect till further orders. But, transitional arrangements under para 1.5 of Foreign Trade Policy shall be allowed.

Removal of ban on export of wheat

September 9, 2011 466 Views 0 comment Print

The term durum wheat means wheat of the Triticum durum species and the Hybrids derived from the inter – specific crossing of Triticum durum which have the same number (28) of chromosomes as that species. Export of wheat has been made free. Exports shall be only through Custom EDI ports.

RBI Guidelines on Base Rate – Circular No. DBOD.Dir.BC.34 /13.03.00/2011-12- Dated- September 9, 2011

September 9, 2011 565 Views 0 comment Print

The National Scheduled Tribes Finance and Development Corporation (NSTFDC), a wholly owned Government of India Section 25 Company under the Ministry of Tribal Affairs, extends financial assistance at concessional rates of interest for viable income generating activities to eligible beneficiaries belonging to Scheduled Tribes.

Notification No. 71 (RE-2010)/2009-2014, Dated: 09.09.2011

September 9, 2011 1663 Views 0 comment Print

In supersession of Notification No. 38 (RE-2007)/2004-2009 dated 15.10.2007 read with Notification No. 93 (RE-2007)/2004-2009 dated 01.04.2008, the following amendments are made with immediate effect against entry at Sl. No.45 A (except Tariff Code 1006 10 10) in Chapter 10 of Schedule 2 of ITC(HS.

Reg. Exchange rate for calculation of anti-dumping duty on Para nitroaniline

September 9, 2011 625 Views 0 comment Print

Whereas, in the matter of import of Para Nitroaniline (hereinafter referred to as the subject goods), falling under sub-heading 29214226 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, People’s Republic of China (hereinafter referred to as the subject country)

Amends Notification No. 20/2006-Customs, dated the 1st March, 2006 vide Notification No. 87/2011-Customs

September 9, 2011 540 Views 0 comment Print

Notification No. 87/2011-Customs, Date- 9th September, 2011 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 20/2006-Customs,

Notification No. 70 (RE -2010)/2009-2014, Dated: 07/09/2011

September 7, 2011 442 Views 0 comment Print

Minimum Export Price (MEP) of all varieties of onions including Bangalore Rose Onions and Krishnapuram Onions will be US$ 475 per Metric Ton F.O.B. It was US$ 300 per Metric Ton for general category onion as notified on 24.08.2011 and US$ 400 per MT F.O.B. for Bangalore Rose Onions and Krishnapuram onions as notified on 12.08.2011. Notification No 70 (RE – 2010)/2009-2014, Dated: 7th September, 2011

Substitution of term Micro and Small Enterprises in place of ‘Small Scale Industries’ (SSI) in the documents

September 7, 2011 865 Views 0 comment Print

Issued by the Ministry of Small Scale Industries and S.O.563 (E) dated February 27, 2009 issued by Ministry of Commerce and Industry regarding substitution of term ‘Micro and Small Enterprises’ in place of the term ‘Small Scale Industries’ are enclosed. Kindly ensure that your internal guidelines / instructions are compliant with these notifications.

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