Clarifications on Karnataka VAT with respect to rates applicable on certain products
PROCEEDINGS OF THE AUTHORITY FOR CLARIFICATION AND ADVANCE RULING UNDER SECTION 60 OF THE KARNATAKA VALUE ADDED TAX ACT, 2004 AND WITH RULES 164 TO 165 OF THE KARNATAKA VALUE ADDED TAX RULES, 2005 Present: (l)M.D.Jain, Additional Commissioner of Commercial Taxes (Head Ouarter)-l, Bangalore and chairman: (2) H. D. Arunkumar, Additional Commissioner of Commercial Taxes,… Read More
APVAT notifies inclusion of all Commodities under entry 127 of schedule-IV as Sensitive
CO Order No.5 GOVERNMENT OF ANDHRA PRADESH COMMERCIAL TAXES DEPARTMENT Office of the Commissioner of Commercial Taxes, Andhra Pradesh, Hyderabad. N O T I F I C A T I O N : CCT™s JC(CT) Enft. Ref. No. D2/723/05 , Dated: 17 -2-2013 Sub:- APVAT Rules, 2005 - Issue of notification under sub-rule (2) of… Read More
TNVAT Clarification on Restaurants using branded finished food items
GOVERNMENT OF TAMIL NADU COMMERCIAL TAXES DEPARTMENT PROCEEDINGS OF THE AUTHORITY FOR CLARIFICATION AND ADVANCE RULING (Under Section 48-A of TNVAT Act, 2006) Present: 1. Dr. K. Manivasan, I.A.S., Commissioner of Commercial Taxes 2. Thiru. R. Chandramohan, M.A., Additional Commissioner (PR) 3. Thiru. B. Gnanasekar, M.A., Additional Commissioner (RP) A.C.A.A.R 44/ 2012-13 Dated 25.10.2012 P.Pis.ActS… Read More
Mandatory for all TAN holders to make tax, interest or penalty payments through e-payment portals of notified banks
GOVERNMENT OF NCT OF DELHI OFFICE OF THE ADDITIONAL COMMISSIONER (HR) DEPTT. OF TRADE & TAXES, VYAPAR BHAWAN, NEW DELHI-02 F. No. 1(1)/T&T/Collection/e-pay/2012-13/1603 Dated 13/02/2013 CIRCULAR This is in continuation to the Notification No. F.7(400)/Policy/VAT/2011/ 1006-18 Dated 28.12.2011 vide which it has been prescribed by the Department that all the registered dealers and contractees (TAN holders) will… Read More
MoC Speak :: National Manufacturing Policy to address challenges of job creation
The Union Minister for Commerce, Industry & Textiles Shri Anand Sharma today said that the share of manufacturing in the GDP must climb up to 26 per cent from the current 16 per cent to address the challenge of job creation. He said that the National Manufacturing Policy is one of the key instruments to… Read More
Department of Commerce™s Statement on import of gold jewellery from Thailand
In view of the increasing import of gold jewellery from Thailand, the Department of Commerce has asked the Department of Revenue to issue notification suspending the import of gold jewellery from Thailand under the provisions of Early Harvest Scheme till the certificates of origin issued by Thailand are verified to our satisfaction. Read More
Civil Aviation Authority to Replace DGCA
The Minister for Civil Aviation, Shri Ajit Singh today said that Civil Aviation Authority, (CAA) will soon replace the Directorate General of Civil Aviation(DGCA). Addressing a press conference, the Minister said that the Bill for creation of the Authority is likely to be introduced in the second part of the Budget session of Parliament. The… Read More
Government Appeals to Bank Employees not to join the Strike on February 20-21, 2013
The Central Government is disappointed to note that a section of the bank employees has decided to join the strike called by certain Trade Unions on February 20-21, 2013. Prime Minister of India has made an appeal to the Trade Unions not to go strike. Government has also set-up a Group of Ministers to talk… Read More
FM Speak :: Need to Meet the Financing Requirements of the Infrastructural Deficit
Finance Minister Emphasizes the Need to Meet the Financing Requirements of the Infrastructural Deficit; Launches the Operations of India the First Infrastructure Debt Fund (IDF) under the NBFC Structure by Handing Over the First IDF NBFC License to the Promoters of India Infra Debt Limited (INFRADEBT)- ICICI Bank, Bank of Baroda, Citibank and Life Insurance… Read More
Goods imported into India against a Post Export EPCG duty credit scrip stand exempted
PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 05 / 2013-Customs New Delhi, the 18th February, 2013 G.S.R. 99 (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… Read More
Implementation of continuous release of credit messages in the National Electronic Funds Transfer
NEFT - Introduction of Continuous Release of Credit Messages RBI/2012-13/417 DPSS. CO. EPPD No. 1400/04.03.01/2012-13 February 18, 2013 The Chairman and Managing Director / Chief Executive Officer of member banks participating in NEFT Madam / Dear Sir, NEFT - Introduction of Continuous Release of Credit Messages Please refer to our circular DPSS. CO. EPPD No.… Read More
Guidelines on Fair Practices Code for NBFCs
RBI/2012-13/416 DNBS.CC.PD.No.320/03.10.01/2012-13 February 18, 2013 To All NBFCs Dear Sir, Guidelines on Fair Practices Code for NBFCs Grievance Redressal Mechanism - Nodal Officer The Reserve Bank vide its circular dated March 26, 2012, issued revised guidelines on Fair Practices Code (FPC) for all NBFCs to be adopted by them while doing lending business. The guidelines… Read More
Indian Banking Sector – Pushing the Boundaries
(Valedictory Address delivered by Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India, at the 11th Advanced Management Programme ˜Towards the Next Orbit: Indian Banking Sector™ organized by IMI at New Delhi on February 14, 2013) Dr. Pritam Singh, Director General, International Management Institute (IMI), participants from Reserve Bank of India and the commercial banks!… Read More
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