Corporate Law Reporter - The Daily Journal

Format of ANF 3F – for Incremental Export Incentivisation Scheme

(To be published in The Gazette of India Extraordinary Part-I-Section-1) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi. Public Notice No. 13/2009-2014 (RE- 2013) The 17th May, 2013 Subject: Format of ANF 3F (for Incremental Export Incentivisation Scheme). In exercise of the powers conferred… Read More

Amendments to line items in Notifications No. 34/2006-CE, 29/2012-CE, 30/2012-CE,32/2012-CE and 33/2012-CE.

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 17 / 2013-Central Excise New Delhi, dated the 16th May, 2013 G.S.R. 315 (E).- In exercise of the powers conferred by sub-section (1) of section 5A of theCentral Excise Act, 1944 (1 of… Read More

Amends Notifications No. 92/2009-Cus,93/2009-Cus, 95/2009-Cus,104/2009-Cus and 23/2013-Cus.

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 29 / 2013-Customs New Delhi, the 16th May, 2013 G.S.R. 316 (E).- In exercise of the powers conferred by sub-section (1) of section 25 of theCustoms Act, 1962 (52 of 1962), the… Read More

Transfer of goods imported for oil exploration from one eligible project to another

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 28 /2013-Customs New Delhi, the 16th May, 2013 G.S. R. (E).”In exercise of the powers conferred by sub-section (1) of section 25 of theCustoms Act,1962 (52 of 1962), the Central Government,… Read More

Indo Japanese Joint Statement

Following is the text of the Joint Statement by Anand Sharma, Union Minister of Commerce and Industry, India andToshimitsu Motegi, Minister of Economy, Trade and Industry, Japan: The meeting between H.E. Anand Sharma, Minister of Commerce and Industry of India and H.E. Toshimitsu Motegi, Minister of Economy, Trade and Industry of Japan was held on 17th May, 2013 in Tokyo, Japan. 1.… Read More

CLR Snippets | Another Round of India EU BTIA Negotiation Concluded

The Chief negotiators met here from 15th May to 17th May for another round of negotiation for India EU BTIA. All issues on the table were discussed. Negotiators felt that some positive movements have been accomplished though many critical issues are still needed to be discussed further. Negotiators reiterated their commitment for a balanced and… Read More

PM™s address at 45th session of the Indian Labour Conference

Following is the text of the Prime Minister, Dr. Manmohan Singh™s address at the 45th session of the Indian Labour Conference in New Delhi today: Let me begin by emphasizing that this is a very important conference that deliberates issues of critical importance to our workers and industry, and therefore to our economy and society… Read More

FDI in India – Issue of equity shares under the FDI scheme allowed under the Government route against pre-operative/pre-incorporation expenses

RBI/2012-13/502 A.P. (DIR Series) Circular No. 104 May 17, 2013 To All Category-I Authorised Dealer Banks Madam / Sir, Foreign Direct Investment (FDI) in India - Issue of equity shares under the FDI scheme allowed under the Government route against pre-operative/pre-incorporation expenses Attention of Authorised Dealers Category I banks is invited to Para 3 (II)… Read More

Meaningful Financial Inclusion hinges on Commercial Banks™ Ability to meet Credit Gaps of the Poor: Finding of RBI™s Research Project Study in Kerala

The Reserve Bank today released a Research Project Study titled How the Poor Manage their Finances: A Study of the Portfolio Choices of Poor Households in Ernakulam District, Kerala on its website. The Research Project Study is a collaborative outcome of researchers associated with the Centre for Socio-Economic and Environmental Studies (CSES), Kochi and Reserve Bank of… Read More

Finance Act 2013

The Finance Bill 2013 received the assent of the President on 10th May 2013 and has been enacted as the Finance Act 2013 (No. 17 of 2013). Read More

ITAT Special Bench Explains Important Law On Force Of Attraction

CLR Editorial Notes: The assessee, in this particular case is a U.K. partnership firm of Solicitors, which provides legal consultancy services in connection with different projects in India. The assessee claimed in its assessment, that the taxability of the income had to be processed under Article 15 (independent professional services) which forms part of the… Read More

Removal of officiating ITAT President is proper & legal

CLR Editorial Notes: Shri. G. E. Veerabhadrappa, the senior-most Vice President of the Tribunal, was vide order dated 13.10.2011 appointed President of the Tribunal in an officiating capacity till the post was filled up on regular basis. Vide notification dated 5.5.2012 the said order was modified to read in an officiating capacity up to 31.8.2012 or further… Read More

ICAI Exams 24 May 2013 – Centres Changed for some Candidates in Kolkata, Udaipur, Vijayawada

Announcement 16th May 2013. Change in venue for Paper 7-Information Technology andStrategic Management, of Intermediate (IPC) Examination May 2013, to be held on 24th May 2013, in some candidates in Kolkata, Udaipur and Vijayawada Due to unavoidable circumstances, the venue for Paper 7-Information Technology and Strategic Management, of Intermediate (IPC) examination May 2013, to be held on 24th May 2013, has been changed, as given below, for… Read More