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Notifications

Amendment in import policy conditions under ITC (HS) 4 digit code 3808

January 1, 2015 1102 Views 0 comment Print

In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.3 and 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby inserts the following Policy condition as Policy Condition no. 3 under Chapter 38 of ITC (HS), 2012 – Schedule – 1 (Import Policy).

Import Policy regime of Radio Navigation Equipment under ITC (HS) 4 digit code 8526

January 1, 2015 4750 Views 0 comment Print

There shall be no changes in Para 16 of the General Notes regarding Import Policy of ITC (HS), 2012 – Schedule – I (Import Policy) about multi-channel GSM / CDMA receivers, transmitters and trans – receivers capable of receiving, transmitting or both, in two or more frequencies as these items shall continue to be Restricted for imports.

CBEC increases Excise Duty on Petrol & Diesel by Rs. 2 Per Litre

January 1, 2015 2727 Views 0 comment Print

In order to fund the ambitious infrastructure development programme of the Government, particularly the building of 15000 kms of roads, during current and next financial year, the Government has decided to increase basic excise duty on petrol and diesel (both branded and unbranded) by Rs. 2 per litre. Allocation of these resources to the road sector will also spur economic activity and employment generation arising from the road construction sector.

Govt. reduces PF Administrative Charges

January 1, 2015 339572 Views 32 comments Print

EPFO (Employees Provident Fund Organisation) has cut the administrative fee it charges under the ambit of its social security schemes, effective from January 1st 2015. The administrative charges have been reduced to 0.85% of basic wage from 1.10% as per a Labour Ministry Notification No. S.O. 323(E) and S.O. 324(E) both dated 02.02.2015.

New Reporting Structure for Dispute Resolution Panel Delhi, Mumbai & Begaluru

January 1, 2015 1696 Views 0 comment Print

Central Board of Direct Taxes hereby directs that the lncome ax authorities specified in column (2) of the Table below shall, for the purposes of the functions under section 144C of the said Act, be subordinate to the Income-tax authority specified in column (1) of the said Table, namely:-

CBDT brings down number of cities in which DRP can be constituted

December 31, 2014 1571 Views 0 comment Print

Notification No. 91/2014-Income Tax S.O. 3324(E).· In exercise of the powers conferred by sub-section (14) of sect1on 144C of the Income-tax Act. 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax (Dispute Resolution Panel) Rules, 2009, namely:-

3 CBDT orders for Transfers, Postings & Appointment in Income Tax Department

December 31, 2014 1516 Views 0 comment Print

Notification No. 18/2014 – Income Tax Appointment of 128 IRS(IT) officers in the grade of ACIT (Junior Scale) in a substantive capacity – reg.

Customs duty exemption on Chickpeas extended till April 1, 2015

December 31, 2014 529 Views 0 comment Print

Central Government vide Notification No. 39/2014-Customs (Tariff) dated December 31, 2014 (Notification No. 39) has amended the Notification No. 12/2012-Customs (Tariff) dated March 17, 2012 which prescribes an exemption on import of Chickpeas (garbanzos) at nil rate of duty up to December 31, 2014.

Companies (Cost Records and Audit) Amendment Rules, 2014

December 31, 2014 27553 Views 0 comment Print

Telecommunication services made available to users by means of any transmission or reception of signs, signals, writing, images and sounds or intelligence of any nature (other than broadcasting services) and regulated by the Telecom Regulatory Authority of India under the Telecom Regulatory Authority of India Act, 1997 (24 of 1997)

Permission for export of buffalo tallow

December 31, 2014 4126 Views 2 comments Print

In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 1.3 of the Foreign Trade Policy, 2009-2014 (as amended from time to time), the Central Government, with immediate effect, hereby amends the entry at Sl. No. 91 & inserts a new entry at Sl. No. 91 A in Chapter 15 of Schedule 2 of ITC(HS) Classification of Export & Import Items.

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