Apr 29, 2011

REQUIREMENT OF IMPORT OF GOODS UNDER CHAPTER 87

7:03 PM 0
REQUIREMENT OF IMPORT OF GOODS UNDER CHAPTER 87
Government of India
Ministry of Commerce & Industry
Directorate General of Foreign Trade
Udyog Bavan, New Delhi

Policy Circular No. 30 (RE-2010)/2009-14                                    Dated  27th   April, 2011

To

All Licensing Authorities/ All Custom Authorities/ Trade & Industry.


Subject:-          Imports of goods under Chapter 84 of ITC (HS) and the requirement of compliance to Chapter 87 Import Licensing Notes. 

SERVICE TAX ON INSURANCE

7:01 PM 0
SERVICE TAX ON INSURANCE
Service tax department has issued a circular about service tax on insurance which is as follows.
[TO BE PUBLISED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (i)]
 Government of India Ministry of Finance (Department of Revenue)
 New Delhi,
 the 25th April, 2011
 Notification No.35/2011 –
 Service Tax G.S.R. (E).- In exercise of the powers conferred by sub-section (1) read with sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the said Act), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994, namely :- 1. (1) These rules may be called the Service Tax (Third Amendment) Rules, 2011. (2) They shall come into force on the 1st day of May, 2011. 2. In rule 6 of the Service Tax Rules, 1994, for sub-rule (7A), the following sub-rule shall be substituted, namely,

NEW FILE VALIDATION UTILITY 3.2 FOR TDS STATEMENT

6:56 PM 0
NEW FILE VALIDATION UTILITY 3.2 FOR TDS STATEMENT
New FVU 3.2 is launched by tin.nsdl. the features of this fvu are as follows.
·         FVU 3.2 will be applicable for quarterly TDS/TCS statements pertaining to FY 2010-11 onwards and will be mandatory w.e.f April 01, 2011.
·         Mandatory to quote Mobile No. in quarterly TDS/TCS statements for deductor category other than Central govt. and State Govt.
·         Provision to quote the deduction under section 80CCF in salary details (applicable for 24Q Q4).

Apr 27, 2011

CALCULATION OF CAPITAL CHARGE ON OPERATION RISK

10:01 PM 0
CALCULATION OF CAPITAL CHARGE ON OPERATION RISK
RBI  issued a circular on calculation of capital charge on operation risk which is as follws.
BI/2010-11/488
DBOD.No.BP.BC. 88 /21.06.014/2010-11
April 27, 2011
The Chairman and Managing Directors /
Chief Executive Officers of All Commercial Banks
(Excluding Regional Rural Banks and Local Area Banks)
Dear Sir,
Implementation of the Advanced Measurement Approach (AMA)
for Calculation of Capital Charge for Operational Risk

Apr 26, 2011

ALL ABOUT INCOME TAX FORM SAHAJ

4:49 PM 0
ALL ABOUT INCOME TAX FORM SAHAJ
SAHAJ_FAQ

Tags:- sahaj form,income tax form

Apr 22, 2011

DGFT PROHIBITION OF EXPORT OF WHEAT PRODUCTS

6:54 PM 0
DGFT PROHIBITION OF EXPORT OF WHEAT PRODUCTS
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
Directorate General of Foreign Trade
Udyog Bhawan

Notification No.43 (RE-2010)/2009-2014
New Delhi, the   20th April, 2011

Subject:  Prohibition on export of wheat Products– Exemption for export of wheat flour to Maldives for the year 2011-12.

Apr 21, 2011

ASSISTANCE PROVIDED BY CENTRAL EXCISE FOR PROCESSING VISA APPLICATION

6:32 PM 0
ASSISTANCE PROVIDED BY CENTRAL EXCISE FOR PROCESSING VISA APPLICATION
Central Board of Excise & Customs
Tax Research Unit
North Block, New Delhi
20th April, 2011
To
            Chief Commissioners of Central Excise and Service Tax (All),
            Director General (Service Tax),
            Director General (Central Excise Intelligence),        
            Director General (Audit),
            Commissioners of Service Tax (All),
            Commissioners of Central Excise and Service Tax (All).

Madam/Sir,

Subject: - Assistance provided for processing visa applications – reg.

             
            An issue has been brought before the Board, seeking a clarification as to whether service tax liability would arise on the assistance provided by visa facilitators, to individuals directly, for processing of visa applications.

Apr 20, 2011

CUSTOM NOTIFICATION NO 36 ABOUT IMPORT FROM THAILAND AND JAPAN

6:28 PM 0
CUSTOM NOTIFICATION NO 36 ABOUT IMPORT FROM THAILAND AND JAPAN
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. 36 /2011-Customs
New Delhi, 18th April, 2011

G.S.R.       (E). - Whereas in the matter of imports of Acetone [hereinafter referred to as the subject goods], falling under sub- heading 2914 11 00  of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, Thailand and Japan (hereinafter referred as the subject countries) and imported into India, the designated authority in its preliminary findings vide notification No. 14/31/2009-DGAD, dated the 16th February, 2010, published in the Gazette of India, Extraordinary, Part I, section 1, dated the 16th February, 2010, had come to the conclusion that –

Apr 19, 2011

TDS/TDS STATEMENT STATUS ON SMS

6:11 PM 0
TDS/TDS STATEMENT STATUS ON SMS
Status of Quarterly TDS/TCS Statement now available by SMS
NSDL is pleased to announce that henceforth, NSDL will send SMS for each quarterly TDS/TCS statement processed at TIN. You just need to quote correct latest mobile number in the quarterly TDS/TCS statement. Status as below is provided in the SMS:
  • Accepted: This  status is provided if the statement is accepted by TIN.
  • Rejected: This status is provided if the statement is rejected by TIN.
  • Partially accepted: This status is provided if the statement is partially accepted by TIN.
Further details can we viewed under the quarterly statement status view available at TIN website

CLARIFICATION ABOUT DECLARATION OF INTENT FOR EOU

1:27 PM 0
CLARIFICATION ABOUT DECLARATION OF INTENT FOR EOU
Government of India
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhavan, New Delhi-110011

Policy Circular No.  28 (RE-2010)/2009-14                                     Dated: 15   April, 2011

To 
All Regional Authorities
FIEO and All EPCs

Subject:-         Clarification about requirement of “Declaration of Intent” for EOU shipping bills for claiming Chapter 3 scheme benefits.

Apr 18, 2011

CUSTOM CIRCULAR NO. 21 REGARDING COURIER IMPORT AND EXPORT

9:33 PM 0
CUSTOM CIRCULAR NO. 21 REGARDING COURIER IMPORT AND EXPORT
Custom department of india has issued a notification no. 21 about import and export of courier. Full notification is as under.
Circular No.21 / 2011-Customs

F.No.450/122/2010-Cus-IV
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
227-B, North Block,
New Delhi-110001.     
18th April, 2011.
To

All Chief Commissioners of Customs / Customs (Prev).
All Chief Commissioners of Customs & Central Excise.
All Commissioners of Customs / Customs (Prev). 
All Commissioners of Customs (Appeals). 
All Commissioners of Customs & Central Excise.
All Commissioners of Customs & Central Excise (Appeals).
All Directors General under CBEC.


Subject:  Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2010 – regarding.

LABELING OF GOODS IN BOND PRIOR TO EX BOND CLEARANCE

1:24 PM 0
LABELING OF GOODS IN BOND PRIOR TO EX BOND CLEARANCE
Circular No. 19 /2011-Customs

F.No.450/29/2011-Cus-IV
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
227-B, North Block,
New Delhi-110001.     
15th April, 2011.
To

All Chief Commissioners of Customs / Customs (Prev).
All Chief Commissioners of Customs & Central Excise.
All Commissioners of Customs / Customs (Prev). 
All Commissioners of Customs (Appeals). 
All Commissioners of Customs & Central Excise.
All Commissioners of Customs & Central Excise (Appeals).

Subject: Compliance of DGFT Notification No. 44 (RE-2000)/1997-2002 dated 24.11.2000 - Labeling of goods in bond prior to Ex-bond clearance – regarding.

Apr 17, 2011

IMPORT OF CUTTING WASTE FOR MANUFACTURES OF CHINDI

1:24 PM 0
IMPORT OF CUTTING WASTE FOR MANUFACTURES OF CHINDI
Circular No. 20 /2011-Customs
F. No. 528/76/2007-Cus (TU)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs

New Delhi, the 15th April, 2011.

To

All Chief Commissioners of Customs/ Customs (Prev.)/ C&CE,
All Directors General of CBEC,
All Commissioners of Customs / Customs (Prev.) / C&CE
All Commissioners of Customs & Central Excise (Appeals).  

Subject: Import of New trim Cutting Waste for use in manufacture of Chindi rugs-   regarding.

INCOME TAX RETURN FORMS FOR ASSESSMENT YEAR 2012-13

1:17 PM 1
INCOME TAX RETURN FORMS FOR ASSESSMENT YEAR 2012-13
Income tax department has isssued ITR-1 TO ITR8 for the assessment year 2012-13 which oone can download from here.

Apr 15, 2011

COMPOUNDING THE INTEREST ON AGRICULTURE LOAN RBI NOTIFICATION

2:02 PM 0
COMPOUNDING THE INTEREST ON AGRICULTURE LOAN RBI NOTIFICATION
RBI/2010-11/474
RPCD.CO.RRB.BC No. 59/03.05.72/2010-11
April 11, 2011
The Chairman
All Regional Rural Banks
The Chairman & Managing Director
All Sponsor Banks
Dear Sir,
Compounding of interest on Agriculture Loans

EDUCATION CESS AND SECONDARY HIGHER EDUCATION CESS IN SERVICE TAX

2:01 PM 0
EDUCATION CESS AND SECONDARY HIGHER EDUCATION CESS IN SERVICE TAX
F.No.354/42/2011-TRU
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise& Customs
Tax Research Unit
North Block, New Delhi
8th April, 2011
To
            Chief Commissioners of Central Excise and Service Tax (All),
            Director General (Service Tax),
            Director General (Central Excise Intelligence),        
            Director General (Audit),
            Commissioners of Service Tax (All),
            Commissioners of Central Excise and Service Tax (All).

Madam/Sir,

            Subject: - Education Cess and Secondary and Higher Education Cess  – reg.

Apr 12, 2011

CHANGE IN THE ARRIVAL CARD FOR PASSENGERS

4:51 PM 0
CHANGE IN THE ARRIVAL CARD FOR PASSENGERS
Circular No.18/2011-Customs

F. No.520/22/2010-Cus.VI
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
227-B, North Block,
New Delhi-110001.     
8th April, 2011.
To
All Chief Commissioners of Customs / Customs (Prev).
All Chief Commissioners of Customs & Central Excise.
All Commissioners of Customs / Customs (Prev). 
All Commissioners of Customs (Appeals). 
All Commissioners of Customs & Central Excise.
All Commissioners of Customs & Central Excise (Appeals).

Subject : Revision in the Customs part of Arrival Card for Passengers in Form ‘D’ –Notification issued by Ministry of Home Affairs – Compliance – reg.

CUSTOM NOTIFICATION 29/2011

4:49 PM 0
CUSTOM NOTIFICATION 29/2011
Ministry of Finance
(Department of Revenue)
To be published in Gazette of India Part-II-Section 3-Sub-sections-(ii), Extraordinary

Notification No.29/2011 - Customs (N.T.)
New Delhi, 11th April, 2011

     S.O.    (E). In exercise of the powers conferred by clause (a) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 61/94-Customs (NT), dated the 21st November, 1994, namely

IMPLEMENTATION OF SELF ASSESSMENT TAX IN CUSTOMS

4:48 PM 0
IMPLEMENTATION OF SELF ASSESSMENT TAX IN CUSTOMS
 F.No.450/26/2011-Cus.IV
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
227-B, North Block,
               New Delhi-110001.
8th April, 2011.
To

All Chief Commissioners of Customs / Customs (Prev.).
All Chief Commissioners of Customs & Central Excise.
All Commissioners of Customs / Customs (Prev.).
All Commissioners of Customs & Central Excise.
All Directors General under CBEC.


                Subject:  Implementation of ‘Self-Assessment’ in Customs – regarding.

Apr 9, 2011

RBI CIRCULAR ON OVERSEAS FOREX TRADING

11:16 PM 0
RBI CIRCULAR ON OVERSEAS FOREX TRADING
RBI/2010-11/472A.P. (DIR Series) Circular No. 53
April 07, 2011
To
All Authorised Dealer - Category I banks
Madam / Sir,
Overseas forex trading through electronic / internet trading portals
Attention of the Authorised Dealer Category - I (AD Category - I) banks is invited to Regulation 4 of the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 (Notification No. FEMA 25/2000-RB dated May 3, 2000), as amended from time to time, in terms of which a person resident in India may enter into a foreign exchange derivative contract in accordance with the provisions contained in Schedule I to hedge an exposure to risk in respect of a transaction permissible under the Foreign Exchange Management Act (FEMA), 1999 or rules or regulations or directions or orders made or issued thereunder.

Apr 7, 2011

ALL INCOME TAX PROVISIONS 2011

6:51 PM 0
ALL INCOME TAX PROVISIONS 2011
abc

Apr 6, 2011

RBI STEP TO STOP MONEY MULES

10:51 PM 0
RBI STEP TO STOP MONEY MULES
RBI/2010-11/462
DNBS(PD)CC.No 215/03.10.42/2010-11
April 05 , 2011
All Non Banking Financial Companies /
Residuary Non Banking Companies
Dear Sir,
Operation of deposit account with NBFCs and money mules

Apr 1, 2011

AMENDMENTS IN POINT OF TAXATION RULES BY SERVICE TAX ON 31 MARCH 2011

6:46 PM 0
AMENDMENTS IN POINT OF TAXATION RULES BY SERVICE TAX ON 31 MARCH 2011
F.No.341/34/2010-TRU
Government of India
Ministry of Finance
Department of Revenue
(Tax Research Unit)
******


New Delhi dated the 31st March, 2011.

To

            All Chief Commissioners/Directors General
            All Commissioners of Service Tax
            All Commissioners of Central Excise
            All Commissioners of Central Excise & Customs

Madam/Sir,

Subject: Amendments in Point of Taxation Rules, 2011 and other related provisions

HOW TO COMPLAINT OF STATE BANK OF INDIA

2:53 PM 1
HOW TO COMPLAINT OF STATE BANK OF INDIA
We often face the problems in the banks in India and mostly to the nationalized banks. There is a quote in India that the government employees don’t work. Yesterday I went to State bank of India for getting a statement of my current account, and with no rush whatsoever, they took 2 hours to give me the statement, and even more when I ask them rashly that will you give me the statement or not, then only a worm reptiles on their ears. I think many of us the same types of problems with the banks. What we can do?
The reply is simple either complaint them in the drop box with a letter and pen or write an email to the concerned authorities. But now when I found I got an interesting solution.
State bank of India which is the biggest bank in India having 130 million strong customer base has launched a SMS facility. If you are unhappy with the banking officials or the way, you need to send only a sms and your problem will be resolved in 48 hours, said a senior official of State Bank of India.