Notification & Circulars

Gujarat VAT Audit report - Extention in filing

NOTIFICAT!ON FINA.1\ICEDEPARTMENT. Sachivalaya, Gandhinagar. Dated the 21" January, 2008. No. (GHN-03).VAR-2008! (15) TH ;- WHEREAS the GovCtnlllent of Gujarat is satisfied that circurJs!allces exist which lender it necessary to take inunediate action to make rule; and to dispense ~ith the p..

Posted in VAT

EXIM Bank's LOC of USD Available to Myanma Foreign Trade Bank

Exim Bank's Line of Credit (LOC) of USD 60 million to Myanma Foreign Trade Bank, Myanmar A. P. (DIR SERIES) CIRCULAR NO. 26, DATED 28-1-2008 Export-Import Bank of India (Exim Bank) has concluded an agreement dated October 29, 2007 with Myanma Foreign Trade Bank, Myanmar, making available to the la..

Posted in Others

Deferred Payment Protocols Between GOI & USSR

Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR A. P. (DIR SERIES) CIRCULAR NO. 25, DATED 25-1-2008 Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to A. P. (DIR Series) Circular No. 70 dated June..

Posted in Others

Clarification vy ICAI on Harmonisation Differences between AS of ICAI and Companies Act

Announcement HARMONISATION OF VARIOUS DIFFERENCES BETWEEN THE ACCOUNTING STANDARDS ISSUED BY THE ICAI AND THE ACCOUNTING STANDARDS NOTIFIED BY THE CENTRAL GOVERNMENT The Council has considered the differences between the Accounting Standards issued by the Institute of Chartered Accountants o..

Posted in Accounts

Risk Weight On Consumer Credit Covers Educational Loans Too

UCBs - Risk Weight On Consumer Credit Covers Educational Loans Too RBI/2007-2008/231UBD. PCB.Cir.No. 31 /09.11.600/07-08 Prudential Norms for Capital Adequacy – Risk Weight for Educational Loans-UCBs With refer to the circular UBD.PCB.Cir.33/09.116.00/04-05 dated January 5, 2005 &..

Posted in Others

Amendments In Notification Nos.49 & 50/2003-CE

Amendments In Notification Nos.49 & 50/2003-CE CIRCULAR NO 863/1/2008-CX., Dated: January 18, 2008 Amendments carried out in notification Nos. 49 & 50/2003-CE, both dated 10.06.2003 in respect of exemption to units located in Uttarakhand and Himachal Pradesh and amendment carried ..

Posted in Excise | 1 comments

Bank Finance to Non Banking Financial Companies

Bank Finance to Factoring CompaniesRefer to the Master Circular No. RBI /2007-08/52.DBOD.BP.BC.13. /08.12.01/2007-08 dated July 2, 2007 on bank finance to non-banking financial companies (NBFCs). In terms of para 5.1 (i) of the circular, bills discounted / rediscounted by NBFCs (which is deemed to i..

Posted in Others

Insertion of more serials in Notification No 41/2007

Insertion of more serials in Notification No 41/2007 NOTIFICATION NO.3/2008-SERVICE TAX , DATED 19-2-2008 In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following further amen..

Posted in Service Tax

Power of adjudication of Central Excise Officers

Power of adjudication of Central Excise Officers- instructions reg. Circular No.865/3/2008-CX This circular prescribes monetary limits of Central Excise Officers at various levels for adjudicating of cases ..

Posted in Excise

No. 3/ 2008-ST, Dated : February 19, 2008

In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following further amendments in the notification of the Government hereby makes the following further amendments in the notification of the Governm..

Posted in Service Tax