eMinds Legal Advocates & Solicitors
eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.
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Customs Duty Reduced for Imports from Korea
Government has reduced the Customs duty on imports from the Republic of Korea as notified under Notification No. 152/2009-Cus dated 31.12.2009 Amendment Notification for note No. 152 - 2009-Customs, dated 31-12-2009 (India-Korea CEPA) [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT… Read More
Custom Duty Rates Reduced for Imports from Nine ASEAN Countries
Under this notification, with reference to an earlier notification No. 46/2011-Cus dated 1st June 2011, duty for imports from nine ASEAN Countries have been granted concessional rates. A separate set of rates are applicable for imports from Philippines. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA… Read More
Exemption on Customs for Import of Crude from Brunei Darussalam
The Government has exempted whole of the duty of customs for Crude Petroleum import from Brunei Darussalam. It also includes oils obtained from bituminous minerals which fall under the tariff item 2709 00 00. Earlier the duty was 1% by Notification No. 116/2010-Cus dated 1.11.2010, which is now stands superseded. TO BE PUBLISHED IN THE GAZETTE OF INDIA,… Read More
Income Tax Assessments of preceding years in search cases during the election period
Section 132, read with section 132A of the income-tax Act, 1961 - search & seizure - Assessment of preceding years in search cases during election period CIRCULAR NO. 10/2012 DATED 31-12-2012 As per provisions contained in section 153A and 153C of the Income Tax Act, 1961, the Assessing Officer is required to issue notice for assessing or reassessing the total… Read More
No security for DVAT registration upto 31st march 2013.
(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI OFFICE OF THE COMMISSIONER, VALUE ADDED TAX VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002 No.F.7(453)/Policy/VAT/ 2012/ 1068-78 dated 01-01-2013 NOTIFICATION I Prashant Goyal, Commissioner, Value Added Tax, Delhi, in exercise of the powers conferred on me by… Read More
SEBI issues Discussion Paper on modification to the existing framework for buy back through open market purchase
SEBI has, today, placed a discussion paper on the website: www.sebi.gov.in, on Proposed modifications to the existing framework for buy back through open market purchase for public comments. Comments on the discussion paper have been solicited on or before January 31, 2013. Mumbai January 02, 2013 Discussion paper Read More
Change of Office Address of Official Liquidator
The office address of the Official Liquidator attached to the High Court of Delhi for the Ministry of Corporate Affairs has changed. The Office will start functioning from a new premises at 8th Floor, Lok Nayak Bhawan, Khan Market, New Delhi with effect from the 1st January, 2013. Read More
Debt Allocation Mechanism for FII
CIRCULAR CIR/IMD/FIIC/1/2013 January 01, 2013 To All Foreign Institutional Investors through their designated Custodians of Securities Dear Sir/Madam Sub: Debt Allocation Mechanism for FII 1. SEBI vide circular CIR/IMD/FIIC/1/2012 dated January 03, 2012 had provided the facility of re-investment of up to two years from the date of the circular or to the extent of twice… Read More
RBI Clarification on KYC Norms for Cross Border Inward Remittance under MTSS
RBI has issued a circular to clarify that in order to ease the burden on the prospective customers in complying with KYC requirements for doing money transfer activities under the Money Transfer Service Scheme, it has now been decided that: If the address on the document submitted for identity proof by the prospective customer is… Read More
RBI Clarification on KYC Norms for Money Changing Activities
RBI has issued a circular stating that in order to ease the burden on the prospective customers in complying with KYC requirements for doing money changing activities, it has now been decided that: If the address on the document submitted for identity proof by the prospective customer is same as that declared by him/her, the… Read More
Implementation of Swarna Jayanti Shahari Rozgar Yojana
Swarna Jayanthi Shahari Rozgar Yojana (SJSRY) is a centrally sponsored urban poverty alleviation programme initiated in 1997. 75% of the funds for SJSRY is provided by Government of India while the State Government contributes 25%. The Reserve bank of India has published a circular on the implementation of SJSRY as given under. RBI/2012-13/360 RPCD GSSD. BC. No.… Read More
CBEC Clarification – Replacement of Fixed Deposit Receipts with Bank Guarantees for Power projects
This refers to earlier CBEC notifications Nos. 12/2012-Customs (S.No.507) and 12/2012-Central Excise (S.No. 337 and 338), both of which were dated 17-03-2012. These circulars were issued to grant exemptions to provisional mega and ultra-mega power projects from customs and excise duties. One of the many conditions specified for availing such an exemption was that the importer or… Read More
Classification of Cordless Infrared Devices for the Remote Control
Circular No.01/2013- Customs F.No. 528/48/2012-STO (TU) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs 229-A, North Block, New Delhi 1st January, 2013 To All Chief Commissioners of Customs/Customs (Prev.)/ C&CE, All Directors General of CBEC, All Commissioners of Customs/Customs (Prev.) / C&CE All Commissioners of Customs & Central… Read More
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