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Notifications

Notification No. 8/2014-Central Excise Dated 11/7/ 2014

July 11, 2014 5159 Views 0 comment Print

Notification No. 8/2014-Central Excise In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 1/2011-Central Excise,

FEMA: Reg. Issue of shares against legitimate payment owed

July 10, 2014 706 Views 0 comment Print

Issue of Shares against any other funds payable by the investee company, remittance of which does not require prior permission of the Government of India or Reserve Bank of India under FEMA ,1999 or any rules/ regulations framed or directions issued thereunder, provided that:

Budget 2014 – Chapterwise Changes in Customs & Central Excise duty

July 10, 2014 9838 Views 0 comment Print

Important changes in respect of Customs and Central Excise duty and legislative changes are contained in the four Annexes appended to this letter. Annex I contains Chapter wise changes relating to Customs; Annex II contains Chapter wise changes relating to Central Excise. Annex III contains the clarifications being issued on various matters.

Export policy of sugar and permission to export 8,100 MTs of raw sugar to USA

July 4, 2014 601 Views 0 comment Print

Sugar includes Organic Sugar. However, export of Pharmaceutical Grade Sugar [(i) Sucrose IP/BP/EP/USP/JP and (ii) Sucrose AR & LR] and Speciality Sugar [(i) Sugar cubes (ii) Sugar sachets (white & brown) (iii) Castor sugar (iv) Demerara sugar (v) Light brown sugar (vi) Icing sugar (vii) Fondant icing sugar (viii) Kathali sugar (ix) Candy sugar (x) Rainbow sugar (xi) Pearl sugar and (xii) Trimoline (invert sugar)] would not be subject to registration requirement.

DGFT Prohibits import of ‘foie gras’

July 3, 2014 5725 Views 0 comment Print

In exercise of powers conferred by Section 3(2) and Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), read with paragraphs 2.1 and Para 2.6 of the Foreign Trade Policy, 2009-2014, as amended from time to time, the Central Government hereby makes the following amendments in the ITC (HS) 2012, Schedule 1 (Import Policy).

Onion Export MEP increased from US$ 300 per MT to US$ 500 per MT

July 2, 2014 498 Views 0 comment Print

In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended read with Para 1.3 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes the following amendment, with immediate effect, in Notification No. 82 (RE- 2013)/2009-14 dated 17.06.2014 read withNotification No. 73 (RE- 2013)/2009-14 dated 12.03.2014 relating to export of onion.

CBDT Revises Proforma for submission of proposal to file SLP in SC

July 1, 2014 4267 Views 0 comment Print

Standard Operating Procedure on filing of Appeals/ Special Leave Petitions (SLPs) by the Income tax Department in the Supreme Court and related matters: instructions regarding- Revised Proforma B to Instruction No 4/2011 dated 09.03.2011- reg.

Master Circular on Wilful Defaulters -Updated till 07.01.2015

July 1, 2014 1697 Views 0 comment Print

RBI has been receiving references from banks and other agencies seeking clarification as well as posing certain issues concerning the various guidelines contained in the current Master Circular on Wilful Defaulters. These references have been examined and the Master

Company Law – Reg. Invitation / Offer for non-convertible debentures (NCD )

June 30, 2014 2600 Views 0 comment Print

Provided also that in case of an offer or invitation for non-convertible debentures referred to in the second proviso, made within a period of six months from the date of commencement of these rules, the special resolution referred to in the second proviso may be passed within the said period of six months from the date of commencement of these rules.

Govt. to set up additional 70 Aayakar Seva Kendras (ASK) all over the country during F.Y. 2014-15

June 30, 2014 1859 Views 0 comment Print

In the Result Framework Document, 2014-15, the Board has resolved to augment the number of Aayakar Sewa Kendras from existing 189 already set up in the Income-tax department, by setting up additional 70 Aayakar Seva Kendras (ASK) all over the country in the current financial year i.e. 2014-15.

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