Conditions and modalities for registration of contracts of sugar with DGFT- relaxation of (-) 5% by weight in export of sugar
Government of India; Ministry of Commerce & Industry; Department of Commerce; Directorate General of Foreign Trade Policy Circular No. 3 (RE-2012)/2009-14; Dated the 23rd August, 2012 All Customs Authorities / All Regional Authorities / Members of Trade. Subject:- Conditions and modalities for registration of contracts of sugar with DGFT- relaxation of (-) 5% by weight in… Read More
Amendment in para 4A.2.1 of FTP (RE-2012) / 2009-14 regarding Export of Cut & Polished Diamonds sent abroad for Certification/ Grading & re-import
\(To be published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section ii) Government of India; Ministry of Commerce & Industry; Department of Commerce Notification No. 11(RE-2012) /2009-2014; Dated 22nd August, 2012 Subject: Amendment in para 4A.2.1 of FTP (RE-2012) / 2009-14 regarding Export of Cut & Polished Diamonds sent abroad for Certification/ Grading &… Read More
Policy for issue of import licenses of Rough Marble and Travertine Blocks for the Financial year 2012-13
To be published in the Gazette of India Extraordinary Part-II, Section-3, Sub Section (ii) Government of India; Ministry of Commerce & Industry; Department of Commerce Notification No. 12 (RE-2012)/2009-2014; Dated: 22nd August, 2012 Sub.: Policy for issue of import licenses of Rough Marble and Travertine Blocks for the Financial year 2012-13. S.O. (E) In exercise… Read More
DIPP to permit a citizen of Pakistan or any entity incorporated in Pakistan to make investments in India
Department of Industrial Policy and Promotion(DIPP), vide Press Note No. 3(2012 Series) dated 1st August, 2012 reviewed the FDI Policy and decided to permit a citizen of Pakistan or any entity incorporated in Pakistan to make investments in India, under the Government route, in sectors/activities other than defence, space and atomic energy. In March 2012,… Read More
SIDBI permitted for accessing ECB for on-lending to MSME sector subject to certain conditions
The High Level Committee on External Commercial Borrowings (HLCECB) met today and the following decisions were taken: a. SIDBI will be permitted as an eligible borrower for accessing ECB for on-lending to MSME sector subject to certain conditions which will be finalized in consultation with the RBI. b. (i) The eligible Non-Resident entities will be… Read More
Overseas Direct Investments Rationalisation of Form ODI
RBI/2012-13/171 A. P. (DIR Series) Circular No. 15 August 21, 2012 To All Category I Authorised Dealer Banks Dear Madam / Sir, Overseas Direct Investments Rationalisation of Form ODI Attention of the Authorised Dealer (AD - Category I) banks is invited to the Notification No. FEMA 120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer… Read More
Revisions to the Guidelines on Securitisation Transactions
RBI//2012-13/170 DNBS. PD. No. 301/3.10.01/2012-13 August 21, 2012 All NBFCs excluding Primary Dealers (PDs) Dear Sir, Revisions to the Guidelines on Securitisation Transactions Detailed Guidelines on Securitisation of Standard Assets were issued to NBFCs vide Circular DBOD.NO.BP.BC.60/21.04.048/2005-06 dated February 01, 2006. 2. In order to prevent unhealthy practices surrounding securitization viz; origination of loans for… Read More
Section 92 of the Income-tax Act, 1961 – Transfer pricing – Computation of Arm’s length price
Section 92 of the Income-tax Act, 1961 - Transfer pricing - Computation of Arm's length price - Notified percentage under second proviso to section 92C(2) Notification No. 31/2012 [F.No. 500/185/2011-FTD I], dated 17-8-2012 In exercise of the powers conferred by the second proviso to sub-section (2) of section 92C of the Income-tax Act, 1961 (43… Read More
Seeks to amend Notification 12/2012-Customs, dated 17-03-2012 , prescribing 1% ad valorem specific rate of Countervailing duty (CVD) on various types of Fertilizers, when imported into India
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 46 /2012-Customs New Delhi, the 17th August, 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, on being satisfied that it is necessary in the public interest so to do, hereby… Read More
Financial Inclusion- Access to Banking Services Basic Savings Bank Deposit Account
RBI/2012-13/169 UBD.BPD.Cir.No. 5/13.01.000//2012-13 August 17, 2012 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir/Madam, Financial Inclusion- Access to Banking Services Basic Savings Bank Deposit Account Please refer to paragraphs 88 and 89 of Monetary Policy Statement for the year 2012-13 announced on April 17, 2012. 2. The Urban Co-operative Banks were advised in November… Read More
Clarification on Para 46A of notification number G.S.R. 914(E) dated 29.12.2011 on Accounting Standard 11 relating to “The effects of Changes in Foreign Exchange Rates”
Circular No.25/2012; F. No.17/133/2008-CL-V Government of India; Ministry of Corporate Affairs Dated 09.08.2012 All the Regional Directors, All the Registrar of Companies/Official Liquidators, All Stakeholders Sub: Clarification on Para 46A of notification number G.S.R. 914(E) dated 29.12.2011 on Accounting Standard 11 relating to "The effects of Changes in Foreign Exchange Rates". Sir, The Ministry has received several… Read More
Clarification regarding- Gazette notification GSR 534(E) dated 14/07/2011
F.No. 14/11/2012-CL-VII Government of India; Ministry of Corporate AffairsDated: 16th August, 2012 To, All Regional Directors; All Registrars of Companies; The Institute of Company Secretaries of India; The Institute of Chartered Accountants of India The Institute of Cost Accountants of India Subject: Gazette notification GSR 534(E) dated 14/07/2011- clarification regarding. I am directed to refer to the Gazette… Read More
Anand Sharma says, steps have been initiated to improve the investments
The Union Minister of Commerce, Industry & Textiles Shri Anand Sharma has said that the government will come out with announcements pertaining to industrial environment that will address the subdued sentiment in the industry. Speaking after the fourth meeting of the Government-Industry Task Force , Shri Sharma said that there is a shared concern over… Read More
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