CBEC-Seeks to levy anti-dumping duty on imports of Viscose Filament Yarn, originating in, or exported from, China PR for a further period of five years
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 23 /2012-Customs (ADD) New Delhi, the 4th May, 2012 G.S.R. (E). -Whereas, the designated authority vide notification No. 15/23/2010-DGAD, dated the 25th February,2011, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 25th February,2011, had initiated review in terms of sub-section (5) of section… Read More
Filing Offer Documents under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009
CIR/CFD/DIL/5/2012 May 3, 2012 To All Registered Merchant Bankers Dear Sir / Madam, Sub: Filing Offer Documents under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 1. Please refer to circular No. SEBI CIR/CFD/DIL/9/2010 dated October 13, 2010 on the captioned subject. 2. In partial modification of the above referred circular, it has been decided that… Read More
Exemption of Customs Duty
Cut and polished diamonds sent abroad and re-imported after certification/ grading by the laboratories/ agencies as notified in the Foreign trade Policy have been exempted from two percent basic customs duty with effect from 9.3.2012. The exemption is a facilitation measure to ensure that the domestic cutting and polishing industry does not suffer additional duty… Read More
Loans to Companies/ Industrial Houses
The Reserve Bank of India (RBI) maintains data on outstanding credit of Scheduled Commercial Banks (SCBs) to public, private corporate and household sectors and not on loans disbursed to different sectors of the economy. The outstanding credit of SCBs to Private Corporate Sector during the last three years is as under. (Rs.in lakhs) Organisation As on March,… Read More
Future Implementation of XBRL
The Ministry of Corporate Affairs has set up a Committee to develop the roadmap for future implementation of Extensible Business Reporting Language (XBRL). This Committee comprises of XBRL experts and representatives from the corporate sector as well as the Institute of Chartered Accountants of India (ICAI). The terms of reference of the Committee are as under: Identification of… Read More
CBEC-Classification of Micro / Mini SD Cards
Circular No.12 / 2012 - Customs F. No. 528/27/2010-CUS (TU) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Tariff Unit *** New Delhi, the 1st May, 2012. To All Chief Commissioners of Customs/ Customs (Prev.)/ C&CE, All Directors General of CBEC, All Commissioners of Customs / Customs (Prev.) / C&CE All… Read More
Regarding Issue of ˜proper officer™ under the Customs Act, 1962
Government of India Ministry of Finance (Department of Revenue) Notification No. 40/2012-Customs (N.T.) S.O. (E). In exercise of the powers conferred by sub-section (34) of section 2 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, hereby assigns the officers and above the rank of officers mentioned in Column… Read More
Seeks to levy anti-dumping duty on imports of Partially Oriented Yarn (POY) originating in, or exported from, China PR.
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No.22/2012-Customs (ADD) G.S.R. (E). -Whereas, the designated authority vide notification No. 15/27/2010-DGAD, dated the 11th February,2011, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 11th February,2011, had initiated review in terms of sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of… Read More
Exim Bank’s Line of Credit of USD 80 million to the Government of the Republic of Burundi
RBI/2011-12/529 A. P. (DIR Series) Circular No.114 May 02, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 80 million to the Government of the Republic of Burundi Export-Import Bank of India (Exim Bank) has concluded an Agreement dated May 24, 2011 with the Government… Read More
Guidelines on Implementation of Basel III Capital Regulations in India
RBI/2011-12/530 DBOD.No.BP.BC.98 /21.06.201/2011-12 May 2, 2012 The Chairman and Managing Directors/ Chief Executives Officers of All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Madam / Dear Sir, Guidelines on Implementation of Basel III Capital Regulations in India Please refer to the paragraph 90 (extract enclosed) of the Monetary Policy Statement 2012-13… Read More
Finance Minister Shri Pranab Mukherjee to attend the 45th Annual Board of Governors™ Meeting at Manila
The Union Finance Minister Shri Pranab Mukherjee will leave for two day official visit to Manila on the evening of 3rd May, 2012 to attend Asian Development Bank™s (ADB™s) 45th Annual Board of Governors™ Meeting. The Finance Minister Shri Mukherjee will attend the Opening Session of the Board of Governors on the morning of 4th… Read More
CBDT’s clarification on the Vodafone tax case
A news report has appeared in the Financial Express, Delhi edition, 27th April, 2012 captioned I-T didn™t warn Vodafone of tax burden or dispute deal format. In this regard, the Central Board of Direct Taxes (CBDT) has issued the following clarification:- In this connection, it may be noted that the first notice in the transaction… Read More
CBEC-Amends Notification No. 36/2001-Customs(N.T) dated 3rd August 2001
Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 39/2012 Customs (N. T.) New Delhi, 30th of April, 2012 S.O. ¦ (E). In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962),… Read More
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