Daily Archives: July 13, 2016

E verify Income tax return by SBI and Axis bank ATM

Electronic Verification Code (EVC) can be generated through State Bank of India and AXIS bank ATMs. This will facilitate these bank’s customers,who may not have a net-banking account,to e-verify their return. Other banks are expected to launch this facility.

Foreign portfolio investor : SEBI amended regulations

THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 22nd June, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (FOREIGN PORTFOLIO INVESTORS) (AMENDMENT) REGULATIONS, 2016 SEBI/LAD-NRO/GN/2016-17/009.─In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992)… Read More »

Dividend Distribution Policy regulations notified by SEBI

THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 17th June, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) (SECOND AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD-NRO/GN/2016-17/008.─ In exercise of the powers conferred by section 11, sub section (2) of section 11A and section… Read More »

Govt approved disinvestment of 15% in NBCC

Cabinet approves disinvestment of 15% in NBCC The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved the disinvestment of 15% paid up equity of National Buildings Construction Corporation Limited (NBCC) out of Government of India’s 90% shareholding. It would result in estimated receipts of Rs.1,706 crore approximately to the… Read More »

Indian Govt. extended facilities for Long Term Visa Holders

Cabinet approves the facilities being extended to persons residing in India on Long Term Visa The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the following facilities being extended to persons from Minority communities of Afghanistan, Bangladesh and Pakistan, namely Hindus, Sikhs, Buddhists, Jains, Parsis and Christians staying on Long Term… Read More »

Book on Master Guide to Income Tax Act with Commentary on Finance Act 2016

Master Guide to Income Tax Act with Commentary on Finance Act 2016 BUY Specifications of Master Guide to Income Tax Act with Commentary on Finance Act 2016 (English) (Paperback) BOOK DETAILS Publisher Taxmann Publications (P.) Ltd. ISBN-10 9350718871 Edition Twenty Sixth Publication Year 2016 Language English ISBN-13 9789350718872 Binding Paperback

Date extended for filing applications by STEs for TRQ on Maize for FY 2016-17 is extended till 8th August, 2016

GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE NEW DELHI Public Notice No. 22/2015-2020, Dated: July 11, 2016 F. No. 01/53/162/Misc/Am-17/A-27/IC In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy (2015-20), the Director General of Foreign Trade hereby relaxes the provision as in… Read More »

No reimbursement of service tax if not mentioned in Contract/tender :HC

HIGH COURT OF PATNA Multi Engineering & Scientific Corporation v. Bihar State Electricity Board RAMESH KUMAR DATTA AND SMT. ANJANA MISHRA, JJ. CIVIL WRIT JURISDICTION CASE NO. 4250 OF 2012 FEBRUARY  18, 2015 Mrigank Mauli and Sanjay Kumar for the Petitioner. Mrs. Nilu Agrawal, Jainendra Kumar Sinha and Kumar Pankajfor the Respondent. JUDGMENT Ramesh Kumar… Read More »

Amend notification No.61/2011-Customs dated 15.07.2011.

Seeks to amend notification No.61/2011-Customs dated 15.07.2011. [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. 31/2016-Customs (ADD) New Delhi, the 11th July, 2016 G.S.R. (E). -In exercise of the powers conferred by sub-section (1) and sub-section (5)… Read More »

Definitive anti-dumping duty on 1,1,1,2-Tetrafluoroethane or R-134a exported from China

Seeks to impose definitive anti-dumping duty on 1,1,1,2-Tetrafluoroethane or R-134a originating in or exported from 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. 30/2016-Customs (ADD) New Delhi,… Read More »

Manufacturer or merchant-exporter registration for availing duty free import entitlement

Seeks to further amend notification No. 12/2012-Customs, dated 17.03.2012 [S. No. 284A] so as to provide that the manufacturer or merchant-exporter, referred to therein, may also be registered with the Cotton Textiles Export Promotion Council, in addition to Apparel Export Promotion Council or the Synthetic and Rayon Textile Export Promotion Council and may seek certification… Read More »

No physical verification of premises of manufacturers of readymade garments and made up articles of textiles.

Seeks to further amend notification No. 35/2001-Central Excise (NT) dated 26.06.2001 so as to exempt mandatory physical verification of manufacturing premises in respect of manufacturers of readymade garments and made up articles of textiles. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE… Read More »

Cenvat Credit allowed even if premises not registered with Service Tax Department

CESTAT, HYDERABAD BENCH ‘SMB’ GE India Exports (P.) Ltd. v. Commissioner of Customs, Central Excise & Service Tax, Hyderabad-II MS. SULEKHA BEEVI C.S, JUDICIAL MEMBER FINAL ORDER NO. A/30282/2016 APPEAL NO. ST/28026/2013 APRIL  6, 2016 CST v. Convergys India (P.) Ltd. [2009] 21 STT 67 (New Delhi-Cestat) (para 4.6). Abhishek Rastogi, CA for the Appellant.… Read More »