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Notifications

Anti-dumping duty and safeguard duty would be leviable on goods imported against transferred DFIAs

April 18, 2013 427 Views 0 comment Print

Anti-dumping duty and safeguard duty would be leviable on goods imported against transferred DFIAs. Advance Authorisations will no more be available for import/supply of ‘energy’. Value Addition in respect of SEZ (in respect of para 4A.16A of FTP) would be as per SEZ Act.

DGFT harmonised Zero Duty & 3% Concessional Duty of EPCG Schemes

April 18, 2013 3793 Views 0 comment Print

Central Government hereby notifies the Chapter 5 of the Foreign Trade Policy, 2009-2014 harmonizing the two versions (Zero Duty and 3% Concessional Duty) of EPCG Schemes. This shall come into force w.e.f. 18th April, 2013.

SEBI : Notification regarding establishment of Local Office of Board at Lucknow

April 17, 2013 340 Views 0 comment Print

No. LAD-NRO/GN/2013-14/04/5655.– In exercise of the powers conferred by sub-section (4) of section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board has established its Local Office at Lucknow under the administrative control of its Northern Regional Office at New Delhi.

DVAT – No Security to be furnished by dealers, who apply online for registration up to 30.06.2013

April 16, 2013 523 Views 0 comment Print

No security would be required to be furnished by such dealers, who apply online for registration with the Department up to the 30th of June, 2013. However, the dealers, who apply for registration manually, shall furnish the prescribed security, in the usual manner.

SEBI Mutual Fund Regulations amended; Units of infrastructure debt scheme may be offered via private placements

April 16, 2013 570 Views 0 comment Print

1. These Regulations may be called the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2013. 2. They shall come into force on the date of their publication in the Official Gazette.

Banks may assign zero risk weight for Advances guaranteed by Credit Risk Guarantee Fund Trust for Low Income Housing

April 16, 2013 511 Views 0 comment Print

The Ministry of Housing & Urban Poverty Alleviation, Government of India has set up the CRGFTLIH vide their Notification No.O-17034/122/2009-H dated June 21, 2012. On the issue of assignment of appropriate risk weight for loans guaranteed by CRGFTLIH and prescription of requisite provisioning norms for such loans on the lines of credit facilities guaranteed by Credit Guarantee Fund Trust for Micro and Small Enterprises, it has been decided as under:

Tolerable limit for ALP determination- 1% for wholesale traders & 3% in other cases

April 15, 2013 838 Views 0 comment Print

Notification No. 30/2013 – Income Tax Central Government hereby notifies that where the variation between the arm’s length price determined under section 92C and the price at which the international transaction or specified domestic transaction has actually been undertaken does not exceed one per cent of the latter for wholesale traders and three per cent of the latter in all other cases

IRDA amends Insurance Surveyors & Loss Assessors Regulations

April 13, 2013 24740 Views 11 comments Print

The license granted by the Authority may be cancelled by the Authority where the surveyor and loss assessor does not represent within a period of 45 days from the date of order of suspension.

Amendment in DTAA with UAE with respect to taxes on income & on Capital

April 12, 2013 3290 Views 0 comment Print

Notification No. 29/2013 – Income Tax Desiring to amend the Agreement between the Government of the Republic of India and the Government of the United Arab Emirates for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital signed at New Delhi on the 29th April, 1992 as amended by the Protocol signed on 26th March, 2007 between the Government of the Republic of India and the Government of United Arab Emirates (in this Protocol referred to as the Agreement),

Protocol amending the India-United Arab Emirates DTAA to be effective from March 12, 2013

April 12, 2013 892 Views 0 comment Print

Notification No. 29/2013 – Income Tax [F.NO. 503/5/2004-FTD-II], DATED 12-4-2013 Whereas the annexed Second Protocol amending the Agreement between the Government of the Republic of India and the Government of the United Arab Emirates for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital (hereinafter referred to as “Protocol”) signed on the 16th day of April, 2012 shall enter into force on the 12th day of March, 2013, being the date of the later of the notifications

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