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Taxclick Team, Author at All About Finance - Page 73 of 97

Taxclick TeamTaxclick Team

This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.

The minimum import price of Cardamom is fixed at Rs.500/-per Kg

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  Notification No. 109 /(RE-2013)/2009-2014  Subject: Amendment in import policy conditions of cardamoms under ITC (HS) 0908 31 of Chapter 09 of ITC (HS), 2012 – Schedule – 1 (Import Policy). S.O. (E): In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.3 and 2.1 of the Foreign … Read more

Minimum Export Price of edible oils in branded consumer packs of upto 5 Kgs is reduced to $900 per MT from $1100 per MT

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(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 Udyog Bhawan         2.                  Effect of this notification: MEP on export of edible oils in branded consumer packs of upto 5 Kgs has been reduced to … Read more

Doubtful cases of Delay in Utilization of Advance Received for Exports, may be referred to Directorate of Enforcement for further investigation

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RBI/2014-15/461A. P. (DIR Series) Circular No.74 February 09, 2015 To All Category-I Authorised Dealer Banks Madam / Sir, Delay in Utilization of Advance Received for Exports Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to the sub-regulation (1) of Regulation 16 of the Foreign Exchange Management (Export of Goods … Read more

Practicing Company Secretaries allowed to become active partner of a Limited Liability Partnership

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 February 10, 2015 Dear Professional Colleagues, The Council at its 227th Meeting held at New Delhi on January 18, 2015 while approving the formation of LLPs by PCS granted general permission to the members in practice to: (a)          become designated / active partner of a limited liability partnership (LLP) the objects of which include carrying … Read more

The Government has taken expeditious action on information received from the French authorities regarding HSBC foreign bank accounts

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Government of India  Ministry of Finance North Block, New Delhi    PRESS RELEASE Information about HSBC foreign bank accounts was received from the French authorities in respect of 628 Indian persons/entities. Out of the said 628 persons, 200 were either non-residents or non- traceable, leaving 428 cases of residents which were found actionable. For these … Read more

Concealment penalty proceedings u/s 271(1)(c) have been initiated on undisclosed income of Rs.3150 crore of deposits made in unreported foreign bank accounts

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Concealment Penalty Proceedings U/S 271(1)(C) of Income Tax Act 1961 Initiated in 128 Cases in which Assessments were Completed While in the Remaining Cases, Assessment Proceedings are at Advance Stage;  Information About Hsbc Foreign Bank Accounts was Received from the French Authorities in Respect Of 628 Indian Persons/Entities; Necessary Investigation as Per The Provisions of … Read more

Foreign director of company resigning from his office may authorise in writing to sign Form DIR-11 and file the same on his behalf

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[To be published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i) Government of India Ministry of Corporate Affairs NOTIFICATION New Delhi, the 19th January, 2015 G.S.R.  (E) .— In exercise of the powers conferred by the second proviso to sub-section (1), sub-section (4) and clause (f) of sub-section (6) of section 149, … Read more

Anti-dumping duty on “Melamine” originating in, or exported from, People’s Republic of China will remain in force up to 18th day of February, 2016

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[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. 02/2015-Customs (ADD)  New Delhi, the 7th January, 2015               G.S.R.     (E). -Whereas, the designated authority vide notification No.15/17/2014-DGAD, dated the 9th December, 2014, published in the Gazette of … Read more

Anti-dumping duty on all kinds of Synchronous Digital Hierarchy Transmission Equipment originating in or exported from China PR and Israel will remain in force up to 7th day of December, 2015

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[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. 01 /2015-Customs (ADD)  New Delhi, the 5th January, … Read more

Procedure of early redemption in inflation Indexed National Savings Securities

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RBI/2014-15/456IDMD(DGBA).CDD.No. 3476/13.01.999/2014-15 February 06, 2015 The Chairman & Managing Director Head Office (Government Accounts Department)State Bank of India & Associate Banks All Nationalised Banks ICICI Bank Ltd., HDFC Bank Ltd, Axis Bank Ltd., andStock Holding Corporation of India Ltd (SHCIL). Dear Sir/Madam, Inflation Indexed National Savings Securities- Cumulative, 2013 – Early repayment/redemption Please refer to our circular DGBA.CDD.No.2589/13.01.999/2014-2015 dated December … Read more