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Notifications

Central Excise Notification No. 38/2015 CE Dated: 21-7-2015

July 21, 2015 1174 Views 0 comment Print

Notification No. 38/2015–Central Excise For the purposes of this notification, appropriate duty or appropriate additional duty or appropriate service tax includes nil duty or nil service tax or concessional duty or concessional service tax, whether or not read with any relevant exemption notification for the time being in force.

Central Excise Notification No. 37/2015 CE Dated: 21-7-2015

July 21, 2015 1551 Views 0 comment Print

Notification No. 37/2015–Central Excise Explanation.- For the purposes of this notification, appropriate duty or appropriate additional duty includes nil duty or concessional duty, whether or not read with any relevant exemption notification for the time being in force.

Import policy of ‘Controlled Substances’ under NDPS Act, 1985

July 21, 2015 975 Views 0 comment Print

Notification No 15 /2015-2020 Import of above ‘Controlled Substances’ shall be permitted subject to ‘No Objection Certificate (NOC)’ from Narcotics Commissioner of India, Gwalior.

Notification No. 36/2015-Central Excise, Dated: July 17, 2015

July 17, 2015 2525 Views 0 comment Print

Notification No. 36/2015-Central Excise, Dated: July 17, 2015 If the said excisable goods are manufactured from inputs or capital goods on which appropriate duty of excise leviable under the First Schedule to the Excise Tariff Act or additional duty of customs under section 3 of the Customs Tariff Act, 1975 (51 of 1975) has been paid and no credit of such excise duty or additional duty of customs on inputs or capital goods has been taken by the manufacturer of such goods (and not the buyer of such goods) under rule 3 or rule 13 of the CENVAT Credit Rules, 2004

Notification No. 35/2015-Central Excise, Dated: July 17, 2015

July 17, 2015 1974 Views 1 comment Print

Notification No. 35/2015-Central Excise, Dated: July 17, 2015 Provided that the said excisable goods are manufactured from inputs or by utilising input services on which appropriate duty of excise leviable under the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) or additional duty of customs under section 3 of the Customs Tariff Act, 1975 (51 of 1975) or service tax under section 66 of the Finance Act, 1994 (32 of 1994) has been paid and no credit of such excise duty or additional duty of customs on inputs or service tax on input services has been taken by the manufacturer of such goods (and not the buyer of such goods), under the provisions of the CENVAT Credit Rules, 2004

Notification No. 34/2015-Central Excise, Dated: July 17, 2015

July 17, 2015 4715 Views 0 comment Print

Notification No. 34/2015-Central Excise, Dated: June 17, 2015 Provided that the said excisable goods are manufactured from inputs on which appropriate duty of excise leviable under the First Schedule to the Central Excise Tariff Act or additional duty of customs under section 3 of the Customs Tariff Act, 1975 (51 of 1975) has been paid and no credit of such excise duty or additional duty of customs on inputs has been taken by the manufacturer of such goods (and not the buyer of such goods), under the provisions of the CENVAT Credit Rules, 2004

RBI to Banks- Levy Late Payment charges on credit card only after delay of 3 days from due date

July 16, 2015 1403 Views 0 comment Print

However, banks shall report a credit card account as ‘past due’ to credit information companies (CICs) or levy penal charges, viz. late payment charges, etc., if any, only when a credit card account remains ‘past due’ for more than three days. The number of ‘days past due’ and late payment charges shall, however, be computed from the payment due date mentioned in the credit card statement.

Banks to maintain 3 year average of overall direct lending to non-corporate farmers

July 16, 2015 1105 Views 0 comment Print

Banks are, therefore, directed to ensure that their overall direct lending to non-corporate farmers does not fall below the system-wide average of the last three years achievement ( to be notified shortly, and henceforth at the beginning of each year), failing which they will attract the usual penalties for shortfall. They should also continue to maintain all efforts to reach the level of 13.5 percent direct lending to the beneficiaries who earlier constituted the direct agriculture sector.

RBI issues revised guideline on Concurrent Audit System in Commercial Banks

July 16, 2015 3592 Views 0 comment Print

As you are aware, guidelines on ‘concurrent audit system in commercial banks’ were issued by us vide our circular DOS.No.BC.16/08.91.021/96 dated August 14, 1996 setting out the scope and coverage of concurrent audit system in commercial banks.

Amendments in Delhi Entertainment and Betting Tax Act, 1996

July 15, 2015 1619 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 7 the Delhi Entertainments and Betting Tax Act, 1996 (Delhi Act No.8 of 1997) and in partial modification of this Government’s Notification Nos. F12(5)/97-Fin(G)/1406 dated the 31st December, 1999 and No. F.10(16)/Fin(T&E)2009-10/JS Fin/63 dated the 1st February, 2010 the Government of National Capital Territory of Delhi hereby makes the following amendments which shall come into force with effect from 20th July, 2015, namely:-

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