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Archive: 02 January 2013

Posts in 02 January 2013

Public Notice No. 44 (RE-2012)/2009-2014, Dated: 02.01.2013

January 2, 2013 301 Views 0 comment Print

In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy 2009-2014, the Director General of Foreign Trade hereby notifies following Chapter Offices of Federation of Indian Export Organizations (FIEO) in Appendix-2 of Handbook of Procedures-Volume 1 (Appendices and Aayat Niryat Forms), 2009-2014.

The Fall and Rise of the Indian Rupee

January 2, 2013 1248 Views 3 comments Print

Factors that contributed for Rupee’s Fall- Every incident occurs due to the presence of one or more factors which may directly or indirectly influence it. The story of the fall of the Rupee can also be linked to a host of elements which may not apparently look to be attributable to the fall, but has actually contributed to its drop. Let us look at some of such factors which went on to make the Rupee vulnerable:

Public Notice No. 43 (RE-2012)/2009-2014, Dated: 02.01.2013

January 2, 2013 190 Views 0 comment Print

In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-14 and Paragraph 1.1 of the Handbook of Procedures (Vol.1), the Directorate General of Foreign Trade hereby makes following amendment in Handbook of Procedure.

SEBI : Application Supported by Blocked Amount (ASBA) facility in public/ rights issue

January 2, 2013 391 Views 0 comment Print

This circular is issued in exercise of the powers conferred under Section 11 read with Section 11A of the Securities and Exchange Board of India Act, 1992

Benefit of Rule 6(3) cannot be denied by applying Rule 6(4B) of Service Tax Rules

January 2, 2013 639 Views 0 comment Print

As per facts on record, the appellant is engaged in the manufacture of sugar and molasses falling under Chapter 78 of Central Excise Tariff Act. They are availing services of goods transport agency for receiving the inputs in the factory as also for clearing the final product from the factory. The appellant, as recipient of GTA services, are required to pay Service Tax.

New Features on ACES New Website

January 2, 2013 4077 Views 0 comment Print

1. A sub-menu Print Acknowledgement is available in each module to take a print of response/acknowledgment message at a later point of time. 2. Assessees can file ER7 return now through online, offline utility and xsd schema.

Modifications in ST 1 & ST 2 & New Accounting Codes for existing & New registrants

January 2, 2013 9769 Views 0 comment Print

Existing registrants: Those assessees, who had registered with the department after 01.07.2012 under the ‘Other than in the Negative List’ (OTNL) category should amend the taxable service details now and opt for relevant description/s from the list of 120 services. After approval by the departmental officer, a new Registration Certificate(ST2) will be issued online displaying the list of services chosen by the assessee along with the new Accounting Codes. The existing registration number will, however, remain unchanged.

CMA President Communique for January, 2013

January 2, 2013 1280 Views 0 comment Print

The present day businesses are run by brands. It may be in the form of name, symbol, term, sign, design or any combination of these and signifies the services of any business and differentiates it from another. Branding is the visual voice of any enterprise. We CMAs have a glorious history of service to the nation. This does not mean that we do not need a brand.

Individuals of Bangladesh need not to take prior approval of RBI for opening an NRO Rupee account

January 2, 2013 580 Views 0 comment Print

Opening of accounts by individual/s of Bangladesh nationality may be allowed by authorised dealer or authorised bank, subject to satisfying itself that the individual/s hold a valid visa and valid residential permit issued by Foreigner Registration Office (FRO)/ Foreigner Regional Registration Office (FRRO) concerned;

Mere filing of Appeal does not operate as a stay or suspension of Order appealed against

January 2, 2013 7519 Views 0 comment Print

If the authorities are of the opinion that the goods ought not to be released pending the appeal, the straight-forward course for them is to obtain an order of stay or other appropriate direction from the Tribunal or the Supreme Court, as the case may be. Without obtaining such an order they cannot refuse to implement the order under appeal. As is well-known, mere filing of an appeal does not operate as a stay or suspension of the order appealed against.

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