G.S.R. 948 (E).— In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), and in supersession of thenotification of the Government of India in the Ministry of Finance (Department of Revenue), No.116/2010-Customs, dated the 1st November, 2010, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 875 (E), dated the 1st November, 2010, except as respects things done or omitted to be done before such supersession,the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts Crude Petroleum oils and oils obtained from bituminous minerals falling under the tariff item 2709 00 00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India from Brunei Darussalam, from whole of the duty of customs leviable thereon under the First Schedule to the Customs tariff Act, 1975 ( 51 of 1975):
Wednesday, 2 January 2013
Monday, 31 December 2012
Team ITA wishes you a very Happy and Prosperous New Year 2013
Lets Embrace the New Year with not just a new look
but also with a new and positive approach
to make things simple in the year ahead.
Documents required for refund of Service Tax in respect of the services used in export
Documents required for refund of Service Tax in respect of the services used in export, as specified in Notification No.17/2009 – ST dated 07.07.2009 as amended by Notification No.40/2009 – ST dated 30.09.2009 are as follows:-
- Refund application in Form A-1 as annexed to the said notification for an exporter who is registered under Central Excise Act, 1944.
Gold likely to hold 'steady-to-firm' in 2013
Gold is likely to hold steady-to- firm in 2013 and could reach Rs 33,000-level as economic growth prospects improve and certain international factors push up the commodity's price, market experts have said.
In the long term, gold looks firm with most central banks pushing liquidity into the markets and increasing their loading of the yellow metal, Kotak Commodity Services analyst Madhavi Mehta said.
Saturday, 29 December 2012
RBI releases Financial Stability Report : December 2012
The sixth issue of the Financial Stability Report (FSR) of the Reserve Bank of India is being released in an environment of global macroeconomic instability and uncertainty. Economic growth in India has moderated in recent quarters, buffeted by global headwinds and domestic policy uncertainties. Growth, however, needs to accelerate if the momentum of poverty reduction, employment generation and pay off from the demographic dividend is to be accelerated. The Report reflects the collective assessment of the Sub Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability.
Calendar for Auction of Government of India Treasury Bills (For the Quarter ending March 2013)
The Reserve Bank of India, in consultation with Government of India, after reviewing the cash position of the Government of India and funding requirement in the first quarter of the next financial year, has decided to notify the amounts for the issuance of Treasury Bills for the quarter ending March 2013 as under:
CS M S Sahoo appointed as Secretary of the ICSI w.e.f 1st January, 2013
CS M S Sahoo a Fellow Member of the Institute of Company Secretaries of India has been appointed as Secretary, ICSI w.e.f. 1st January, 2013.
Mr. Sahoo has over three decades of rich work experience in self-employment, private sector, public sector, regulator and government in varied functional areas such as reforms, policy, regulations, research and analysis.
RBI notifies the Definition of 'Infrastructure Loan' for NBFCs
RBI/2012-13/351
DNBS.PD.CC.No. 317/03.10.001/2012-13
DNBS.PD.CC.No. 317/03.10.001/2012-13
December 28, 2012
All NBFCs
Dear Sir/Madam,
Definition of
'Infrastructure Loan' of NBFCs - Harmonisation
Please refer to RBI’s circular
DBOD.No.BP.BC.58/ 08.12.014/2012-13 dated November 20, 2012 on ‘Second Quarter Review of Monetary Policy 2012-13 – Definition
of Infrastructure Lending' in terms of which the definition of ‘infrastructure
lending for the purpose of financing of infrastructure by the banks and
Financial Institutions’ has been harmonized with that of the Master List of
Infrastructure sub-sectors’ notified by the Government of India on March 27,
2012. It has been decided to harmonise the definition of infrastructure lending
for NBFCs with that of banks.
Friday, 28 December 2012
Ratan Tata to retire today, Cyrus Mistry to succeed him
Ratan Tata, who led the transformation of the Tata group from a conventional corporate house into a $ 100 billion global conglomerate with high-profile acquisitions abroad, will retire on Friday ending 50-year run in one of India's oldest business empires.
Marking a generational change, Tata, who turns 75 on Friday, will hand over the reins of the group to 44-year-old Cyrus Mistry, who was chosen his successor in 2011 and formally appointed Chairman earlier in December.
Change in situation of Office of Official Liquidator - Ministry of Corporate Affairs
It
is informed that the office of Official Liquidator attached to the High Court
of Delhi, Ministry of Corporate Affairs will start functioning from its new premises
at 8th Floor, Lok Nayak Bhawan, Khan Market, New Delhi with effect from the 1st
January, 2013.
Under
Secretary
Ministry
of Corporate Affairs
Shastri
Bhawan, New Delhi
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