As many as 100,000 Indians and an equal number of Chinese will return to their native countries in the next three to five years, a move that will greatly boost their economies and undermine technological innovation in America, a new US study warns. The study on immigration by a team at Duke, Harvard and Berkeley […]
ICAI – Constitution of a Special Group ALL MEMBERS OF THE COUNCIL Madam/Dear Sir, I wish to inform you that the President, in terms of the authority given to him by the Council at its 285th meeting held from 2nd to 5th February, 2009, has constituted a Special Group for suggesting improvements in financial reporting […]
In recovering debts or enforcing security interests, the State’s right to sales tax dues, etc will have priority over claims of banks, financial institutions and secured creditors, the Supreme Court has ruled. A bench comprising Justices B N Agarwal, G S Singhvi and Aftab Alam
The recent notification of the Central Government to reduce service tax and excise duty by two per cent is not expected to come to the rescue of the hospitality industry in the current time of despair. The Government directive will only be applicable to the hotel rooms and the banquet and convention facilities.
The ministry of company affairs has begun a comprehensive review of the legal provisions and regulations governing chartered accountants following the Satyam accounting fraud that covers, among other issues, the operation of surrogate firms in India by large foreign audit firms. Sources close to the development said a notification to this effect will be released […]
With the service tax rate being reversed from 12 to 10 per cent, a question which the service providers face is to determine the day on which the new service tax rate is effective. Even after 15 years of introduction of service tax in India, this very crucial legal issue is still unresolved. Controversies are […]
Dear CA Pariwar, I feel privileged to assume the highest office as the 57th President of one of the largest bodies of accountants in the world. I thank the Council Members for bestowing this honour on me and for reposing their trust in me. This post has been held by many distinguished and able luminaries […]
Request for revalidation may be submitted to the concerned Regional Authority (who have issued the DFIA) within a maximum period of 30 daysfrom the date of the issuance of this Public Notice. DFIA shall be revalidated for a period of six months from the date of endorsement of revalidation. RAs shall endorse revalidation within a period of maximum 7 working days from the date of receipt of the request.
The designated authority in Nepal (Department of Commerce) will ensure that quarterly quota would be so allocated that its export to India is evenly distributed in Indian states without adversely affecting markets in any particular state.
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-09, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedures.
