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Notifications

Rupee Export Credit – Interest Subvention extended to 107 more tariff items in Textile & engineering good sector

May 24, 2013 2308 Views 0 comment Print

It has been decided to widen the interest subvention scheme to the following sectors for the period April 1, 2013 to March 31, 2014, on the same terms and conditions: ITC(HS) and Textiles good to 6 tariff lines as per the list given in the Annex –I. Additional 101 tariff lines in engineering good sector in addition to the existing 134 lines as per the list given in Annex- II.

Excisable Goods cleared to Duty Free Shops at airports exempted

May 23, 2013 1152 Views 0 comment Print

NOTIFICATION NO 19/2013-CX, Dated: May 23, 2013 Seeks to allow duty free sale of goods manufactured in India to the International passengers or members of crew at the DFSs located at the arrival / departure hall of International Airports and specify the procedures relating thereto.

Employee provident fund guidance concerning international workers

May 23, 2013 3325 Views 0 comment Print

Changes made to India’s Employees’ Provident Funds Scheme, 1952 (EPFS) and Employees’ Pension Scheme, 1995 (EPS) in 2008 added ‘international workers’ within the Indian social security regime. Recently, India’s Employees’ Provident Funds Organisation issued a circular directing its field officers to determine full compliance in respect of all international workers.

Ex- Rescind Notification exempting only electronic goods from payment of excise duty sold by duty free shops at airports

May 23, 2013 435 Views 0 comment Print

NOTIFICATION NO. 18/2013-CX, Dated: May 23, 2013 Central Government, being satisfied that it is necessary in the public interest so to do, hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 145/1989-Central Excise , dated the 19th May, 1989, published in the Gazette of India, Extraordinary, Part II,

MVAT Notification for Second amendment to the Maharashtra Value Added Tax Rules, 2005

May 21, 2013 2457 Views 0 comment Print

(4) Notwithstanding anything contained in this rule, where an order, notice or any communication is made electronically and addressed to the dealer by e-mail which is provided to the department by the dealer, then such order, notice or communication, shall be deemed to have been served on the addressee. For the purpose of this sub-rule, the provisions of section 13 of the Information Technology Act, 2000 (21 of 2000) shall be applicable.

Revised tariff on cake/oil cake meal made of Groundnut / Sunflower / Canola / Mustard oil

May 21, 2013 562 Views 0 comment Print

– In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do

Rape is morally and physically most reprehensible crime in society – SC

May 20, 2013 1511 Views 0 comment Print

Being the most hated crime, rape tantamounts to a serious blow to the supreme honour of a woman, and offends both, her esteem and dignity. It causes psychological and physical harm to the victim, leaving upon her indelible marks.

SEBI (Depositories and Participants) (Amendment) Regulations, 2013

May 17, 2013 367 Views 0 comment Print

In order to enable generation of a consolidated account statement for the use of a beneficial owner in respect of all demat assets held by him, the depository shall enter into necessary agreements for sharing of such information.

PTI notified as news agency for Sec. 10(22B) for AY 2014-15 to 2015-16

May 17, 2013 764 Views 0 comment Print

Notification No. 35/2013 – Income Tax The Press Trust of India Limited, New Delhi, notified as a news agency for the purposes of Section 10(22B) of the Income-tax Act, 1961 for the A.Y. 2014-15 to 2015-16.

MVAT Notification amending MVAT Rules, 2005,Set-off Rules-Developer of SEZ and Units in SEZ

May 16, 2013 6058 Views 0 comment Print

55B. Applicability of set-off to developers and units in Special Economic Zone.— Nothing contained in sub-rule (6) of rule 53, or as the case may be, clauses (g) and (h) of rule 54 shall be applicable to the developers and units, in processing area of the Special Economic Zone.

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