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2nd Corrigendum to Notification No. 12/2012-CE dated 17th March, 2012

March 23, 2012 370 Views 0 comment Print

2nd CORRIGENDUM  New Delhi, the 23rd March, 2012 G.S.R.  (E).- In the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2012-Central Excise, dated the 17th March, 2012 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 163 (E), dated the 17th […]

1st Corrigendum to Notification No. 12/2012-CE dated 17.03.2012

March 22, 2012 3406 Views 0 comment Print

1st Corrigendum to Notification No. 12/2012-CE dated 17th March, 2012 1st CORRIGENDUM New Delhi, the 22nd March, 2012 G.S.R.  (E) .- In the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2012-Central Excise, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section […]

Exemption of Assam Comilla Cotton [ITC(HS) Code 5201 00 12] from export restriction on cotton during the current cotton season upto 30.09.2012

March 22, 2012 582 Views 0 comment Print

Notification No. 108 (RE-2010)/2009-14 Export of 5,000 bales of Assam Comilla Cotton will be exempted from any export restrictions during the current cotton season (up to 30.09.2012) subject to registration with DGFT. Registration Certificate for such exports will be valid for 30 days only.

S. 80-IA- Industrial Infrastructure Undertakings notified- Creative Infocity Limited

March 22, 2012 1790 Views 0 comment Print

Notification No. 13/2012-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for industrial park, by the notifications of the Government of India in the Ministry of Commerce and Industry (Department of Industrial Policy and Promotion) vide number S.O.I93(E), dated the 30th March, 1999 and S.O. 1201(E) dated 1st December, 1999, for the period beginning on the 1st day of April, 1997 and ending on the 31st day of March, 2002;

Loan against Only Gold can not be more then 60 percent of Value

March 21, 2012 1373 Views 0 comment Print

It is observed that NBFCs that are predominantly engaged in lending against the collateral of gold jewellery have recorded significant growth in recent years both in terms of size of their balance sheet and physical presence. This in turn, has led to their increased dependence on public funds including bank finance and non-convertible debentures issued to retail investors.

Supply to non mega power projects shall not be entitled to any deemed export benefit

March 21, 2012 1014 Views 0 comment Print

Supplies to non mega power projects were entitled to benefits for Deemed Exports only under Para 8.3(a) of FTP, viz., Advance Authorisation / Advance Authorisation for annual requirement / DFIA. It has now been decided that supply to non mega power projects shall not be entitled to any deemed export benefit. When the annual supplement to FTP is brought out, the consequential changes of this decision will be reflected in various provisions of chapter 8 of FTP & also HBP vol. 1.

Service Tax (Amendment) Rules, 2012 – Amendment In rules 2, 4A and 6 – Corrigendum to Notification No. 3/2012 – ST, dated 17-3-2012

March 21, 2012 4080 Views 0 comment Print

In the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 3/2012-Service Tax, dated the 17th March, 2012 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 201(E), dated the 17th March, 2012, at page 527, in line 22,

Seeks to amend Notification No. 12/2012-Customs, Dated: 17.03.2012

March 20, 2012 1033 Views 0 comment Print

Notification No.23/2012-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 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: –

RBI to conduct Special same day Clearing on March 31, 2012

March 20, 2012 384 Views 0 comment Print

With a view to facilitating accounting of all the Government transactions of the current financial year (2011-12) by March 31, 2012, the National Clearing Cells functioning under the Regional Offices of Reserve Bank of India have been advised to conduct Special Clearings with same day return clearing in the evening / night of March 31, 2012. They have also been advised to ensure that the Clearing Houses under their jurisdiction conduct these clearings, keeping in view the operational convenience at the local centres, so that instruments relating to Government revenue received from members of the public are realised and the proceeds are credited to Government account by March 31, 2012.

Lead Bank Scheme – District Consultative Committees – Inclusion of Director of MSME-DI

March 20, 2012 2135 Views 0 comment Print

As the participation of MSME-DI would be useful in discussing issues concerning the MSMEs which would eventually help in increasing credit flow to the MSME sector, you are advised to invite the concerned Director of MSME-DI to attend the District Consultative Committee (DCC) meetings as invitee in those districts where MSME clusters are located. You may advise the respective Lead District Managers accordingly. The list of offices of MSME-DI received from the Ministry of MSME with their jurisdiction of State & districts is enclosed for your guidance.

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