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In case of an Issuing company which is a foreign bank incorporated outside India and which is regulated by a member of the Bank for International Settlements or a member of the International Organization of Securities Commissions which is a signatory to a Multilateral Memorandum of understanding with India, the requirement under this paragraph, in respect of period beginning with last date of period for which the latest audited financial statements are made and the date of opening of issue shall be satisfied, if the relevant financial statements are based on limited review report of such statutory auditor.”;
You are aware that by the Government notification cited at reference (1) above, the rate of tax on Timber [under Entry 108(2) of schedule ‘C’ appended to the Maharashtra Value Added Tax Act, 2002] for the period 1st April 2008 to 31st March 2009 was reduced to 4 per cent. Thus, with effect from 1st April 2009 the rate of tax on Timber shall be 12.5 per cent.
After the first sentence of second sub para of Para 6.7 (c), as amended vide Public Notice No. 50 dated 17th July 2008, the following shall be inserted.
In exercise of the powers conferred under Paragraphs 2.1,2.4 and 2.29 of the Foreign Trade Policy, 2004-09, the Director General of Foreign Trade hereby makes following amendments in Public Notice No. 159(RE-2008)/2004-09, Dated 05.03.09.
General Note No. 19: -It is further clarified that in SIONs, where import of relevant fabric is permitted in terms of square meters per unit of an export product, the import quantity of the relevant fabric is to be limited by R.A concerned to {(1.20XActual Utilization in Square Meters) +/-5%)} or quantity permitted in SION, whichever is lower. In cases where the wastage for specific designs/patterns /styles is more than 25%, the exporter may submit specific proof of such higher wastage.
While acknowledging and appreciating the initiatives and the efforts undertaken by the Committee on Management Accounting (CMA) especially its Chairman, CA Vinod Jain, FCA. I am happy to inform you that the Committee on Management Accounting has launched Master in Business Finance as a Certificate Course for the members of the Institute. The word Master […]
