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 »