Daily Archives: January 28, 2016

Rescind notification No. 10/2010 – Customs dated 19th February, 2010

By | January 28, 2016

Seeks to rescind notification No. 10/2010 – Customs dated 19th February, 2010. [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. 3/2016-Customs (ADD) New Delhi, the 28th January, 2016 G.S.R.       (E).- In exercise of the powers conferred by sub-sections… Read More »

Anti-dumping duty on Melamine exported from Cina

By | January 28, 2016

Seeks to levy definitive anti-dumping duty on Melamine, originating in, or exported from the People’s Republic of China, for a period of five years. [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. 2/2016-Customs (ADD) New Delhi, the… Read More »

Anti-dumping duty on Mulberry Raw Silk (not thrown) of grade 3A and below exported from China

By | January 28, 2016

Seeks to levy definitive anti-dumping duty on Mulberry Raw Silk (not thrown) of grade 3A and below, originating in, or exported from the People’s Republic of China, for a period of five years. TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT… Read More »

Notification No. 6/2016-Customs

By | January 28, 2016

Seeks to further amend notification No. 12/2012- Customs dated 17.03.2012. [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 6/2016-Customs New Delhi, the 28th January, 2016 G.S.R. (E).- In exercise of the powers conferred by sub-section (1)… Read More »

Top priority to Diplomatic Missions for Livestock product imports

By | January 28, 2016

Clearance of Livestock and Livestock products       Circular No. 2/2016-Customs F.No. 450/141/2015-Cus.IV Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs                                                                                                                 North Block, New Delhi                                                                                                         Dated the 27th January, 2016 To,   All Chief Commissioners of Customs/Customs (Preventive) All Chief Commissioners of Customs and Central Excise… Read More »

RBI Clarify Provision of Safe Deposit Locker facility by NBFCs

By | January 28, 2016

RBI/2015-16/302 DNBR(PD).CC.No. 072/03.10.001/2015-16 January 28, 2016 All Non-Banking Financial Companies (NBFCs) Dear Sirs, Provision of Safe Deposit Locker facility by NBFCs The Bank has received proposals from NBFCs seeking approval for offering safe deposit locker facilities. In this regard it may be noted that providing safe deposit locker facility is a fee based service and… Read More »

Payer not Liable to Deduct TDS if Payee income is exempt

By | January 28, 2016

Facts of the Case The assessee has paid an interest of Rs. 16,24,072/- in the Assessment Year 2011-12, Rs. 20,83,546/- in the Assessment Year 2012-13 & Rs. 25,33,431/- in the Assessment Year 2013-14 . The assessee contended before the Assessing Officer that tax was not deducted in respect of payment to Visvesvaraya Technological University as… Read More »

Govt set up Committee to Review the Specific Relief Act 1963

By | January 28, 2016

Expert Committee Setup to Review the Specific Relief Act 1963 The Legislative Department in the Ministry of Law & Justice has constituted an expert committee to review the Specific Relief Act 1963. The Specific Relief Act, 1963 provides for the law relating to certain kind of specific relief. The decision has been taken in view… Read More »

Coins on Lala Lajpat Rai Released

By | January 28, 2016

Dr. Mahesh Sharma releases a Commemorative Coin of rs 150 and Circulation Coin of rs 10 on Lala Lajpat Rai Dr Mahesh Sharma, Minister of State (I/C) for Culture and Tourism released a Commemorative Coin of Rs 150 and a Circulation Coin of Rs 10 on Late Lala Lajpat Rai here today. The Commemorative Coin… Read More »

Curtain Raiser – Beating the Retreat 2016

By | January 28, 2016

Curtain Raiser – Beating the Retreat 2016 This year for the first time bands from the State Police and Central Armed Police Force (CAPF) will perform at the ‘Beating the Retreat’ ceremony here tomorrow. The bands comprising Border Security Force (BSF), Indo-Tibet Border Police (ITBP) and Delhi Police will play the tunes ‘Samvidhan’, ‘Abhinandan’ and… Read More »

use of ” one page ” form to apply for jobs, issue of birth and death certificates

By | January 28, 2016

Dr Jitendra Singh appeals for use of ‘ one-page ‘ form The Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh has appealed to various ministries in the Central Government as well as the State Governments to cooperate… Read More »

Low Cost Motorized Wheelchair to Dedicated to Nation

By | January 28, 2016

Union minister for Science & Technology and Earth Sciences Dr. Harsh Vardhan Dedicates a Low Cost Motorized Wheelchair to the Nation   The Union Minister for Science and Technology and Earth Sciences, Dr. Harsh Vardhan dedicated a low cost motorized wheelchair called Locomo-WC to the Indian persons with disabilities. Speaking on the occasion he said… Read More »

India Post to take E-Commerce to Every Indian

By | January 28, 2016

Digital India Initiative Would Further Enable India Post to take E-Commerce to Every Indian India Post Well Set to Bridge Rural-Urban Divide Union Minister for Communication and IT, Ravi Shankar Prasad said today that NDA Government’s initiative to digitalize functioning would help in making e-commerce reach every corner. He said the initiative would further enhance… Read More »

New checks on booking of e-ticket /i-ticket through IRCTC website

By | January 28, 2016

Railway Ministry introduces new checks on booking of e-ticket /i-ticket through IRCTC website with a view to further prevent possible misuse Under the new provisions a maximum of 6 tickets can be booked online by an individual user in a month on IRCTC website This new provision will come into effect w.e.f. 15th February, 2015… Read More »

3.16 lakh applications received for Sovereign Gold Bonds (2nd Tranche)

By | January 28, 2016

3.16 lakh applications were received by the Banks during the Second Tranche of Sovereign Gold Bonds for a total subscription of 2790 Kilograms of Gold amounting to Rs. 726 crore. During the second tranche of Sovereign Gold Bond (SGB) Scheme from 18th January, 2016 to 22nd January, 2016, as per initial figures, 3.16 lakh applications… Read More »

Best Marching Contingent on Republic Day Parade 2016

By | January 28, 2016

Assam Regiment adjudged Best Marching Contingent on Republic Day Parade 2016 The Assam Regiment has been adjudged as the Best Marching Contingent amongst the three Services in the Republic Day Parade held on 26 Jan 2016. The contingent comprising of 149 soldiers from the seven states of Northeast India, was led by Lieutenant Aditya Bisht.… Read More »

RBI Amends regulations for Foreign Currency Accounts by person resident in India

By | January 28, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] RESERVE BANK OF INDIA (Foreign Exchange Department) NOTIFICATION Mumbai, the 21st January, 2016 No. FEMA 10(R)/2015—RB Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 G.S.R. 96(E).—In exercise of the powers conferred by Section 9 and clause (e) of sub-section (2)… Read More »

Indian Resident may acquire property outside India jointly with relative

By | January 28, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] RESERVE BANK OF INDIA (Foreign Exchange Department) CENTRAL OFFICE NOTIFICATION Mumbai , the 21st January 21, 2016 No. FEMA 7(R)/2015—RB G.S.R. 95(E).—In exercise of the powers conferred by clause (h) of sub-section (3) of Section 6, sub-section (2) of Section 47 of the Foreign Exchange Management… Read More »

Download Result Card of CPT December 2015 (Examination)

By | January 28, 2016

Source : ICAI January 25, 2016 Sub:- Website for downloading Result Card of CPT December, 2015 (Examination) The Result Cards of Common Proficiency Test (CPT) have been hosted at www.icai.nic.in instead of www.icai.nic.in/cptresultcard (which was mentioned in the Information Brochure/Guidance Notes for CPT candidates published along with the Examination Application Forms of CPT December, 2015)… Read More »

Result of Combined Defence Services Examination (I) 2015

By | January 28, 2016

Combined Defence Services Examination (I) 2015 The following are the lists, in order of merit, in respect of  167 (137 Man + 30 Women)candidates  who have finally qualified on the basis of the results of the Combined Defence Services Examination (I)-2015 conducted by the Union Public Service Commission and interviews held by the Services Selection… Read More »

e-Admit Cards for Combined Defence Services Examination (I) 2016

By | January 28, 2016

Combined Defence Services Examination (I), 2016 The Union Public Service Commission will be conducting the Combined Defence Services Examination (I), 2016 at different venues located at 41 Centres throughout the country on 14.02.2016 (Sunday). The e-Admit Cards for the candidates have been uploaded on the Commission’s Web-sitehttp://www.upsc.gov.in which may be downloaded.  Letters of rejection to… Read More »

Resolution of more than 100 Cases of Transfer Pricing Disputes with USA

By | January 28, 2016

Resolution of more than 100 Cases of Transfer Pricing Disputes with USA Under MAP One of the significant steps taken by Central Board of Direct Taxes(CBDT to boost investment sentiments among MNCs is the landmark Framework Agreement signed with the Revenue Authorities of USA in January, 2015. This agreement was finalised under the Mutual Agreement… Read More »

$80 Million Loan Agreement to Improve Urban Services in Agartala and Aizwal

By | January 28, 2016

India and ADB Sign $80 Million Loan Agreement to Improve Urban Services in Two North Eastern State Capital Cities of Agartala and Aizwal The Asian Development Bank (ADB) and the Government of India signed here today an $80million loan agreement to continue improving infrastructure in two North Eastern State Capital cities. The loan is the… Read More »

Upfront premium received for 30 years taxable in year of receipt :ITAT

By | January 28, 2016

IN THE ITAT BANGALORE BENCH ‘C’ New Mangalore Port Trust v. Assistant Commissioner of Income-tax, Circle 1 (1), Mangalore VIJAY PAL RAO, JUDICIAL MEMBER AND JASON P. BOAZ, ACCOUNTANT MEMBER IT APPEAL NO. 1299 (BANG.) OF 2013 [ASSESSMENT YEAR 2009-10] NOVEMBER  6, 2015 V. Srinivasan, CA for the Appellant. Smt. Chandana Ramachandran, CIT, DR for… Read More »

Ministry of Shipping to invest Rs.14225 crores on Port Projects

By | January 28, 2016

Ministry of Shipping to invest Rs. 14,225 crores on various Port Projects In order to bring the Major Ports in India at par with its contemporaries across the world, Ministry of Shipping has been emphasizing on creation of additional capacities through development and construction of new berths/terminals, revamp of existing berths and terminals and other… Read More »

MOU for Railway Infrastructure Development in Kerala & Andhra Pradesh

By | January 28, 2016

Two Separate Memoranda of Understanding (MoU) signed between Ministry of Railways and Governments of Kerala and Andhra Pradesh for “Formation of Joint Venture Companies for Development of Railway Infrastructure in these States To Work In Collaboration With States For Developing Railway Infrastructure In The Country Is Our Priority : Suresh Prabhu Relationship With States is… Read More »

Central Institute of Buddhist Studies as deemed university

By | January 28, 2016

Central Institute of Buddhist Studies (CIBS) shall be a deemed-to-be-university, provisionally for a period of five years, under the de novo category The Central Government, on the advice of the UGC, has declared that ‘Central Institute of Buddhist Studies (CIBS), Choglamsar, Leh (Ladakh), Jammu & Kashmir, shall be a deemed-to-be-university for the purpose of the… Read More »

Rakshamantri Award for Excellence for 2012-13 and 2013-14

By | January 28, 2016

Defence Minister Presents Rakshamantri Award for Excellence for 2012-13 and 2013-14 The Defence Minister Shri Manohar Parrikar gave away the RakshaMantri Awards for Excellence for the years 2012-13 and 2013-14 here today in recognition of exemplary performance amongst Ordnance Factories and the nine Defence Public Sector Undertakings (DPSUs). Speaking on the occasion Shri Parrikar call… Read More »

Republic Day Parade 2016 Awards Announced

By | January 28, 2016

Republic Day Parade 2016 Awards Announced Assam Regiment Adjudged Best Marching Contingent amongst Services The results of different competitive presentations in the Republic Day Parade – 2016 have been announced by the Ministry of Defence. Among the Services category, Assam Regiment has been adjudged the best marching contingent. In the category of Para-Military Forces and… Read More »

Govt launched National Job Portal for persons with disabilities

By | January 28, 2016

Shri Thaawarchand Gehlot launches National Job Portal for persons with disabilities Social Justice and Empowerment, Shri Thaawarchand Gehlot launched an exclusive job portal for Persons with Disabilities (PwDs) here today. The PwDs can avail the different facilities such as self employment loan, education loan, skill training, link to scholarships and information about jobs in a… Read More »