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CBEC-Seeks to Amend Service Tax Rules, 1994.
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE NOTIFICATION No 47/2012-SERVICE TAX New Delhi, the 28th September, 2012 6 Asvina, 1934 Saka G.S.R (E).-In exercise of the powers conferred by sub-section(1) read with sub-section (2) of section 94 of the Finance Act 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994,… Read More
SEBI-Review of Margining with respect to Exchange Traded Funds (ETFs)
CIR/MRD/DP/ 26 /2012 September 26, 2012 To All Stock Exchanges Dear Sir / Madam, Sub: Review of Margining with respect to Exchange Traded Funds (ETFs) 1. This is further to the Risk Management framework for Cash Market specified by SEBI vide circular no. MRD/DoP/SE/Cir-07/2005 dated February 23, 2005 and modification thereto. The following additional provisions… Read More
RBI-Uploading of Reports in ˜Test Mode™ on FINnet Gateway
RBI/2012-13/226 UBD.BPD (PCB) Cir. No.13/14.01.062/2012-13 September 27, 2012 The Chief Executive Officer of All Primary (Urban) Co-operative Banks Madam/Dear Sir, Uploading of Reports in ˜Test Mode™ on FINnet Gateway Please refer to our circular UBD.CO.BPD.No.10/12.05.001/2011-12 dated November 9, 2011 advising Primary (Urban) Co-operative Banks regarding introduction of single XML reporting format under Project FINnet for furnishing reports… Read More
RBI-Establishment of Liaison Offices (LO) /Branch Offices (BO) / Project Offices (PO) in India by Foreign Entities Reporting requirement
RBI/2012-13/222 A. P. (DIR Series) Circular No. 35 September 25, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Establishment of Liaison Offices (LO) /Branch Offices (BO) / Project Offices (PO) in India by Foreign Entities Reporting requirement Attention of Authorised Dealer Category I banks is invited to A.P. (DIR Series) Circular No.… Read More
CBEC-Regarding anti dumping duty on resin or other organic substances bonded wood or ligneous fibre boards originating in, or exported from, China PR, Indonesia, Malaysia and Sri Lanka
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No.43/2012-Customs (ADD) New Delhi, dated the 21st September, 2012 G.S.R. 710 (E). - Whereas in the matter of import of Resin or other organic substances bonded wood or ligneous fibre boards of thickness below 6mm, except insulation boards, laminated fibre boards and boards which are not bonded… Read More
FDI-Review of the policy on Foreign Direct Investment in the Civil Aviation sector
Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No.6 (2012 Series) Subject: Review of the policy on Foreign Direct Investment in the Civil Aviation sector 1.0 Present Position: 1.1 Paragraph 6.2.9.3 of 'Circular 1 of 20 12-Consolidated FDI Policy', effective from April 10,2012, relating to air transport… Read More
FDI- Review of the policy on Foreign Direct Investment- allowing FDI in Multi-Brand Retail Trading.
Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion (FC-I Section) Press Note No.5 (2012 Series) Subject: Review of the policy on Foreign Direct Investment- allowing FDI in Multi-Brand Retail Trading. 1.0 Present Position: Foreign Direct Investment (FDI) is prohibited in retail trading, except in single-brand product retail trading, in which FDI,… Read More
FDI-Review of the policy on Foreign Investment (FI) in companies operating III the Broadcasting Sector
Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No.7 (2012 Series) Subject: Review of the policy on Foreign Investment (FI) in companies operating III the Broadcasting Sector 1.0 Present Position: 1.1 As per extant policy, the foreign investment (FI) limits, in companies operating in the Broadcasting Sector, are set… Read More
FDI-Policy on foreign investment in Power Exchanges
Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No.8 (2012 Series) Subject: Policy on foreign investment in Power Exchanges 1.0 Present Position: 1.1 As per extant policy, FDI, up to 100%, under the automatic route, is permitted in the power sector (except atomic energy). This includes generation, transmission… Read More
CBEC-Amends Notification No. 12/2012-Customs,dt.17.03.2012 related to exemption to maize bran from basic custom duty
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 54/2012-Customs New Delhi, the 17th September, 2012 G.S.R. (E). - In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in… Read More
CBEC-Amends Notification No. 12/2012-Central Excise, dated the 17thMarch, 2012
Government of India Ministry of Finance (Department of Revenue) Notification No.35/2012 Central Excise 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,… Read More
CBEC-Making E-payment of Customs duty mandatory
Government of India Ministry of Finance (Department of Revenue) Notification No. 83/2012-Customs (N.T.) New Delhi, dated the 17th September, 2012. S.O. (E). In exercise of the powers conferred by the first proviso to sub-section (2) of section 47 of the Customs Act, 1962 (52 of 1962), the Central Government hereby specify following classes of importers who shall pay… Read More
Review of the policy of Foreign Investment in Companies Operating in the Broadcasting Sector
The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Industrial Policy & Promotion for Review of the policy on Foreign Investment (FI) in companies operating in the Broadcasting Sector. Enhanced access to foreign investment is expected to expand the reach of broadcasting services, thereby improving accessibility of these services, and bring in… Read More
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