Amends Central Excise Rules, 2002 (Fourth Amendment) thereby making e-filing of Central Excise returns mandatory in ACES

Limited Liability Partnership (Second Amendment) Rules, 2011 – Notification for making the form 8 into STP mode Posted: 15 Sep 2011 09:33 PM PDT NOTIFICATION [F.NO. 2/17/2011-CLV], DATED 14-9-2011 In exercise of the powers conferred by sub-sections (1) and (2) of section 79 of the Limited Liability Partnership Act, 2008 (6 of 2009), the Central Government hereby makes the following rules,... Amends Central Excise Rules, 2002 (Fourth Amendment) thereby making e-filing of Central Excise returns mandatory in ACES Posted: 15 Sep 2011 09:28 PM PDT Notification No. 21/2011-Central Excise (N.T), Dated 14th September, 2011 - G.S.R ( E ) . – In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 ( 1 of 1944), the Central Government hereby makes the following rules... RBI releases Handbook of Statistics on the Indian Economy 2010-11 Posted: 15 Sep 2011 09:22 PM PDT The Reserve Bank of India today released the thirteenth volume of its annual statistical publication titled Handbook of Statistics on the Indian Economy (HBS) 2010-11. One of the major initiatives of the Reserve Bank; this publication is aimed at... Credit of sale proceeds of Foreign Direct Investments in India to NRE/FCNR (B) accounts – Clarification Posted: 15 Sep 2011 09:20 PM PDT In terms of Schedule 3, 4 and 5 of the FEMA Notification No. 20/2000-RB dated May 3, 2000, sale proceeds of Foreign Investments in India were treated as eligible credit to NRE/FCNR (B) accounts, where the purchase consideration was paid by the... FEMA – Resident Indian can open NRE / FCNR (B) account with their Non Resident close relative Posted: 15 Sep 2011 09:18 PM PDT Resident individuals may be permitted to include resident close relative(s) as defined in the Companies Act, 1956 as a joint holder(s) in their EEFC/RFC bank accounts on 'former or survivor' basis. However, such resident Indian close relative, now... FEMA – RBI increased the limit for Transfer of security by way of gift in calendar year to USD 50,000 Posted: 15 Sep 2011 09:17 PM PDT A person resident in India who proposes to transfer, by way of gift, to a person resident outside India any security including shares/convertible debentures is required to obtain prior approval of the Reserve Bank. However, the value of security to... FEMA – Non-Resident Indian /PIOs permitted to open NRE / FCNR (B) account with their resident close relative Posted: 15 Sep 2011 09:16 PM PDT Non-Resident Indian (NRI), as defined in FEMA Notification No. 5, ibid, may be permitted to open NRE / FCNR(B) account with their resident close relative (relative as defined in Section 6 of the Companies Act, 1956) on 'former or survivor' basis.... FEMA – RBI permits individuals resident in India to include non-resident close relative(s) as a joint holder(s) in their resident bank accounts Posted: 15 Sep 2011 09:15 PM PDT It has been decided that individuals resident in India may be permitted to include non-resident close relative(s) (relatives as defined in Section 6 of the Companies Act, 1956) as a joint holder(s) in their resident bank accounts on 'former or... Regarding mandatory e-filing of Central Excise returns in ACES thereby amending CENVAT Credit Rules, 2004 (Fourth Amendment) Posted: 15 Sep 2011 05:27 AM PDT NOTIFICATION NO. 22/2011 - CENTRAL EXCISE (N.T.), DATED 14-9-2011 In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes...