RBI issued a notification regarding “Set-off” of export receivables against import payables, key points of the notification are as under: “Set-off” of export receivables against import payables- Liberalization of Procedure Attention of Authorized Dealer Category – I (AD Category – I) banks is invited to the fact that the requests received from the exporters through [...]
Policy Circular No. 47 (RE-2010)/2009-14 Dated: 08.11.2011 Subject: -Filing of applications for DEPB to the RA concerned with “Free Shipping Bills” for exports of “Cotton yarn including Melange yarn” made from 01.04.2011 to 04.08.2011 and “Cotton” from 01.10.2010 to 04.08.2011. Reference: Public Notice Nos.67/2009-2014(RE2010) and 68/2009-2014 (RE 2010 both dated 04.8.2011. … DEPB [...]
Circular No. 50 / 2011-Customs New Delhi, dated 9th November, 2011 Subject: - Clearance of goods from Custom Bonded warehouses utilizing duty credit scrips of SFIS, VKGUY, FMS, FPS, SHIS -Reg. Sir / Madam, I am directed to invite your kind attention to an issue which has been raised before the Board as to whether [...]
New Delhi, dated the 4th November, 2011 PRESS RELEASE Gross direct tax collection during April-October of the current fiscal was up by 20.28 percent at Rs.284,081 crore as against Rs.236,176 crore in the same period last fiscal. While gross collection of corporate taxes was up 20.35 percent (Rs.189,872 crore against Rs.157,767 crore last year), gross [...]
Notification New Delhi, the 24th October, 2011 INCOME-TAX S.O. 2429 (E).‐ In exercise of the powers conferred by section 295 of the Income‐tax Act,1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income‐tax Rules, 1962, namely:‐ 1. (1) These rules may be called the Income‐tax [...]
