DGFT Notifies Chapter 5 of FTP – Zero Duty and 3% Concessional Duty of EPCG Schemes harmonized
TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-II, SECTION-3, SUB SECTION (ii) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE NOTIFICATION No. 01(RE-2013)/ 2009-2014 NEW DELHI, DATED THE 18th April, 2013 In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992) read with paragraph… Read More
Customs Notification on Changes in Currency Exchange rates
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS Notification No. 40/2013-Customs (N.T.) Dated the 18th April, 2013 28 Chaitra, 1935(SAKA) S. O. (E) In exercise of the powers conferred by section 14 of the Customs Act, 1962… Read More
Customs Notification Amendment on Tariff Values
[TO BE PUBLISHED IN PART-II, SECTION-3, SUB-SECTION (ii) OF THE GAZETTE OF INDIA, EXTRAORDINARY] Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 39/2013-CUSTOMS (N. T.) New Delhi, the 17th of April, 2013 27 Chaitra, 1935 (SAKA) S.O. (E). In exercise of the powers conferred by sub-section (2) of section… Read More
Losses in eligible unit need to be carried forward for set-off against eligible future profits
CLR Editorial Note: The assessee, in this case, had set up two windmills, the income from which was eligible for deduction u/s 80 IA. The assessee suffered losses in the Wind Mills and claimed a set-off on the same against its other income. The Assessing Officer and subsequently the CIT(A), rejected the claim by relying… Read More
Indo-EU Policy Dialogue on Culture
Indo-EU Policy Dialogue on Culture was held here today. It was co-chaired by Smt. Sangita Gairola, Secretary, Ministry of Culture, Government of India and Mr. Jan Truszczynski, Director General, Education and Culture in the European Commission. The Policy Dialogue was set up as decided in the Joint Declaration of the European Commission and the Government… Read More
“Corporate Compliance Management” – Details of ASSOCHAM Seminar
Objectives The Seminar is designed to discuss in-depth latest updates on corporate compliance regulations and standards, government enforcement initiatives, share case studies of how to implement a successful compliance program. Key Areas of Discussion Corporate Compliance Management Assessing Corporate Compliance Trends, Challenges & Future in India Building an Efficient Corporate Compliance Framework Benefits of Good… Read More
Clean Energy Focus – World Energy Leaders Take Action
Inaugurating the fourth Clean Energy Ministerial taking place in New Delhi this week, India`s Prime Minister Dr. Manmohan Singh said that "there is need for inter-country consultation and discussion in these areas to promote information exchange and to identify possible areas of collaboration, and also to learn from each other`s experience in addressing common problems.… Read More
India™s Foreign Trade – Report for March, 2013
EXPORTS (including re-exports) Exports during March, 2013 were valued at US $ 30849.65 million (Rs. 167836.31 crore) which was 6.97 per cent higher in Dollar terms (15.65 per cent higher in Rupee terms) than the level of US $ 28839.36 million (Rs. 145123.41 crore) during March, 2012. Cumulative value of exports for the period April-March… Read More
Foreign Trade Policy 2009-14 – Highlights of Annual Supplement (2013-14)
Highlights of Annual Supplement (2013-14) to the Foreign Trade Policy 2009-14 Announced by Shri Anand Sharma 1. Measures to revive investors™ interest in SEZs. 1.1 A package of measures has been formulated to revive investors™ interest in SEZs and to boost exports. The salient features of the package are:- (i) In view of the acute… Read More
India Show inaugarted in Panama
The Minister of State in the Ministry of Commerce & Industry, Dr. D Purandeswari today inaugurated the India Show in Panama. Speaking during the inauguration, the Indian Minister emphasised on enhanced cooperation and engagements between India and Panama. She exhorted the business leaders of both the sides to increase the trade and investments to next… Read More
Coal Beneficiation – Task Force Report to be submitted soon
A task force constituted by the Ministry of Coal to work out the policy issues of coal beneficiation is likely to submit its findings shortly. This was announced by Minister of Coal , Shri Sriprakash Jaiswal. He was addressing the inaugural session of the International Conference & Expo on Coal Beneficiation being organised by the… Read More
BRGF (Backward Regions Grant Fund) Approved by Cabinet Committee
The Cabinet Committee on Economic Affairs has given its approval to: (i) continue the special plan for Bihar in the remaining four years 2013-14 to 2016-17 of the Twelfth Five Year Plan with a total allocation of Rs.12,000 crore for the entire Twelfth Five Year Plan period, (ii) continue the special plan for the KBK… Read More
Cabinet Approval to National Policy for Children, 2012
The Union Cabinet today gave its approval to the National Policy for Children, 2012. The Policy reaffirms the government`s commitment to the realisation of the rights of all children in the country. It recognizes every person below the age of eighteen years as a child and that childhood is an integral part of life with… Read More
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