Archive for December, 2010

DGFT Circular:Conditions and modalities for registration of contracts of cotton with DGFT

Dec-31st-2010

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhavan, New Delhi Policy Circular No.   09 (RE-2010)/2009-14               Dated the 29th December,2010 To All Customs Authorities All Regional Authorities Members of Trade Subject:- Conditions and modalities for registration of contracts of cotton with DGFT. Attention is invited to [...]

RBI Circular:Comprehensive Guidelines on Over the Counter (OTC) Foreign Exchange Derivatives and Overseas Hedging of Commodity Price and Freight Risks

Dec-29th-2010

  RBI issued Comprehensive Guidelines on Over the Counter (OTC) Foreign Exchange Derivatives and Overseas Hedging of Commodity Price and Freight Risks, the key points of the guidelines are as under: RBI/2010-11/338 A.P. (DIR Series) Circular No. 32 December 28, 2010 Attention of the Authorised Dealer Category – I (AD Category – I) banks is [...]

Ministry of finance notified the Public Provident fund (Amendment) Scheme 2010

Dec-28th-2010

The public provident fund scheme , 1968 in paragraph 9, in sub-paragraph (3), after the proviso, the following proviso shall be inserted, namely:- “provided further than an account opened on behalf a Hindu Undivided Family prior to the 13th day May 2005, shall be closed after expiry of fifteen years from the end of the [...]

Amendments in Income tax Rules by notification no 85/2010

Dec-27th-2010

Maximum Exemption limit for “Any allowance granted to an employee working in any transport system to meet his personal expenditure during his duty performed in the course of running of such transport from one place to another place, provided that such employee is not in receipt of daily allowance” has been increased from 6000/- to [...]

Service Tax Notifications

Dec-24th-2010

Various notifications issued by finance ministry on 21st December regarding Service Tax, to read the notification click on the link given below: Notifications