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Seeks to amend notification 10/96-CE dated 23rd July 1996

May 8, 2012 1919 Views 0 comment Print

Footwear and hawai chappal (other than of leather), that is to say, chappals known commercially as hawai chappals, of retail sale price not exceeding Rs. 500 per pair

Seeks to amend notification No. 12/2012-CE dated 17.03.2012

May 8, 2012 1763 Views 0 comment Print

G.S.R. (E).-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, on 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. 12/2012-Central Excise, dated the 17thMarch, 2012, published in the Gazette of India, Extraordinary vide number G.S.R.163 (E) dated 17th March, 2012, namely:-

Exemption from excise duty on Articles of jewellery & goods falling under heading 8607

May 8, 2012 483 Views 0 comment Print

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 exempts goods of the description specified in column (3) of the Table hereto annexed and falling within the Heading of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) (hereinafter referred to as the Excise Tariff Act), as are given in the

Customs – Rffective Rates – Notification No. 12/2012-Customs Amended

May 8, 2012 751 Views 0 comment Print

Notification No. 31/2012-Customs In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on 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. 12/2012-Customs, dated the 17th March, 2012 which was published in the Gazette of India, Extraordinary, vide G.S.R. 185(E) dated the 17th March, 2012, namely: –

Removal of CVD Exemption on Certain Item imported by or for Government

May 8, 2012 1895 Views 0 comment Print

Notification No. 30/2012-Customs Notwithstanding anything contained herein above, the exemption from whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act shall not apply to the following goods, namely:- (i) Hand held Metal detector (ii) Postal Bomb detector (iii) Explosive Container (iv) Portable or Fixed Door frame Metal detector, (v) Deep search Metal or Mine detector (vi) Mine impactor (vii) Mine prodder ( non-magnetic) and (viii) Under Vehicle search Mirrors

RRBs – Interest Rates on FCNR (B) Deposits

May 8, 2012 648 Views 0 comment Print

Please refer to paragraph 2 of our circular RPCD.CO.RRB.BC.No. 36/03.05.33 (C) /2011-12 dated November 24, 2011 on Interest Rates on deposits held in FCNR (B) Accounts. In view of the prevailing market conditions, it has been decided that until further notice and with effect from the close of business in India as on May 4, 2012, the interest rates on FCNR (B) Deposits will be as under:

Onion Export allowed without MEP upto 2nd July 2012

May 8, 2012 1135 Views 0 comment Print

Export of onions will be allowed without any MEP(Minimum Export Price) for the period upto 2nd July 2012. Any consignment for which LEO (Let Export order) is not issued till midnight of 2nd July 2012, will be allowed for export at applicable MEP, which will be as per notification to be issued subsequently.

DVAT – Notification dated 23.03.2012 applicable only for movement of goods in pursuance of interstate sale, stock transfer & export

May 8, 2012 1373 Views 0 comment Print

I, Rajendra Kumar, Commissioner, Value Added Tax, Government of National Capital Territory of Delhi, in exercise of the powers conferred on me by sub-section (1) read with sub-section (3) of Section 70 of Delhi Value Added Tax Act, 2004, hereby order that notification No.F.7(433)/Policy-IINAT/2012/1464, dated 23.03.2012 shall be applicable only for movement of goods in pursuance of interstate sale, stock transfer and export.

Notification No. 32/2012-Income Tax Dated 7/5/2012

May 7, 2012 3391 Views 0 comment Print

Notification No. 32/2012-Income Tax In exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government, on the recommendations of the National Committee for Promotion of Social and Economic Welfare, hereby notifies the institutions approved by the said National Committee, mentioned in column (2) of the Table below, and approves the eligible projects or schemes specified to be carried on by the said institutions and the estimated cost thereof as mentioned in column (3) of the said Table, and also specifies in the column (4) of the Table the maximum amount of such cost which may be allowed as deduction under the said section 35AC for the period of approval, namely:-

EOUs cannot supply marble in Domestic Tariff Area

May 7, 2012 676 Views 0 comment Print

Notification No.115 (RE-2010)/2009-2014This amendment in paragraph amplifies that EOUs cannot supply marble in Domestic Tariff Area under Paragraph 6.9 of FTP, except under Paragraph 6.9(c) of FTP.

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