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As announced by the Honorable Finance Minister™s in his Budget speech, a Study Team has been set up by the Government, under the leadership of Shri. M. K. Gupta, to examine the possibility of a common tax code for service tax and central excise, which could be adopted to harmonize the two legislations. The Study… Read More
A Committee has been constituted with Director General of Service Tax Smt. Sanghamitra Panda as Chairperson to review the scheme for electronic refund of service tax paid on taxable services used for export of goods. Other members of the Committee are Commissioner of Service Tax, Mumbai-1, Shri Sushil Solanki and Director, TRU Shri J. M.… Read More
The consolidated FDI policy document is a single reference point for investors and regulators. The first such consolidation was released in March, 2010 after which it has been updated every six months. This ˜Circular 1 of 2012™-is the fifth edition of the consolidated policy document. The significant changes introduced in this edition of the Circular are: (i) Policy… Read More
The Ministry of Corporate Affairs has constituted a Committee under the Chairmanship of Shri. Adi Godrej for framing a ˜National Corporate Governance Policy™ to suggest a comprehensive policy frame work to enable corporate governance of highest quality in all classes of companies without impinging on their internal autonomy to order their affairs in their best… Read More
Circular No. 156/7 /2012-ST F.No.354/66/2011-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Tax Research Unit) To Chief Commissioner of Customs/ Customs and Central Excise/ Central Excise & Service Tax (All), Director General of Service Tax /Central Excise Intelligence /Audit, Commissioner of Customs, Commissioner of Customs/Customs and Central… Read More
RBI/2011-12/490 A.P. (DIR Series) Circular No. 105 April 10, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 91… Read More
RBI/2011-12/491 DGBA.CDD.H-6614 /13.01.298/2011-12 April 10, 2012 The Chairman and Managing Director/Managing Director Head Office (Government Accounts Department) State Bank of India and Associates, All Nationalized Banks (excluding Punjab and Sind Bank & Andhra Bank), IDBI Bank Ltd. /ICICI Bank Ltd./Axis Bank Ltd./HDFC Bank Ltd., SHCIL Dear Sir/Madam, Relief and Savings bonds-Compensation structure for delay in… Read More
Circular No.155/6/ 2012 ST F. No 334/1/2012- TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Tax Research Unit Room No 146, North Block, New Delhi Dated: 9th April 2012 To Chief Commissioner of Customs and Central Excise (All) Chief Commissioner of Central Excise & Service Tax (All) Director… Read More
RBI/2011-12/489 DPSS.CO.OD. 1848 /06.07.003/2011-2012 April 9, 2012 The Chairman/Managing Director/Chief Executive Officer All Scheduled Commercial Banks including RRBs/ Urban Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks Dear Sir/Madam Access criteria for payment systems sub-membership to centralised payment systems Under the overall guidance of the Board for Payment and Settlement Systems, the Reserve Bank over the… Read More
RBI/2011-12/483 DGBA.CDD. No. H- 6506 /15.02.001/2011-12 April 3, 2012 The Chairman and Managing Director/Managing Director Head Office, Government Accounts Department State Bank of India/State Bank of Patiala/ State Bank of Bikaner & Jaipur/State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/ Andhra Bank/ Allahabad Bank/Bank of Baroda/Bank of India/ Bank of Maharashtra/Canara Bank/Central… Read More
[To be published in Gazette of India Part -II-Section 3-Sub-sections-(i), Extraordinary] Government of India Ministry of finance Department of Revenue Central Board of Excise and Customs Notification No.31/2012-Customs (N.T.) GSR (E)¦¦In exercise of the powers conferred by sub-section (1) of section 11 of the Customs Act, 1962 (52 of 1962), and in suppression of the notification No.… Read More
RBI/2011-12/488 A. P. (DIR Series) Circular No. 104 To All Authorised Persons in Foreign Exchange Madam/Sir, Authorised Dealer Category II Permission for additional activity and opening of Nostro account Attention of all the Authorised Persons in foreign exchange is invited to Para 3 and Para 5 of Annex I to the A. P. (DIR Series) Circular… Read More
Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan Notification No. 110 (RE-2010)/2009-2014 New Delhi, the 2nd April, 2012 Subject: Validity of extension for export of 6,50,000 tons of wheat products upto 31.03.2013. S.O. (E) In exercise of the powers conferred by Section 5 of… Read More
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