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In a manufacturing process, there are a lot of raw materials used to make a final product. The excise duty paid on the said raw materials or inputs used in manufacturing of final products are eligible as Cenvat credit under the Cenvat credit scheme. However, all materials used in a manufacturing process are not inputs […]
Introduction: Amidst WTO & GATS, Special Economic Zones have attained a centre stage. The Central Government has enacted the SEZ Act with the major objective of generation of additional economic activity, promotion of export of goods and services, investment from domestic and foreign sources and creation of employment opportunities. This Act is unique as it […]
KPO Potential: A CII Report estimates the potential size of KPO Industry at $17 billion by 2010, creation of 2,50,000 jobs in 5 years. Analysts estimate that about 30,000-50,000 people are currently employed in this industry. Difference between KPO and BPO: BPO is about shifting functions that can be digitized to an offshore location, while […]
Leveraged Buyout (LBO) has been in the news recently which said that, Corus – an Anglo-Dutch company would be taken over by TATA – an Indian company. Being a relatively new business concept for us, this Article aims to highlight what ‘LBO’ is all about, its advantages and disadvantages. It cannot be ruled out […]
Here are some Email Rules which we should follow in our day-to-day email communications; office or personal. We call them ‘Email Etiquettes’. 1. Indent: Keep your mail in Left Indent format. This is the American style and currently being followed. Alignment: Keep as ‘Justified’. 2. Recipients: If you are sending a message to more than one […]
Consumers/Customers/Investors like you and I must have surely come across something called ‘Fine Prints and Disclaimers’ – which can be found in each and every agreement, contract, sale and purchase transactions, etc. In a layman’s language, Fine Prints means, the terms and conditions relating to a particular transaction, which are needed to be understood before […]
The exchange rate of the currency of a country in relation to the currency of another country depends on the comparative trade advantages and economic strengths of the countries. If one US dollar is equal to 45 rupees, it simply means that in the US, if a dollar fetches 45 oranges while in India, a rupee would fetch only one orange of equivalent size and quality.
What is meant by Hostile Takeover? Hostile Takeover is a type of acquisition in which, the company being purchased (Target Company) does not want to be purchased at all, or does not want to be purchased by a particular buyer (Acquirer) that is making a bid. In other words, the Acquirer intends to gain control […]
Introduction: This legislation may be termed as one of the rarest legislations in the Indian Legal History which provides for setting out the practical regime of ‘Right to Information’ for Citizens to secure access to information under the control of public authorities and in order to promote transparency & accountability in the working of every public […]
The new centralised system for processing excise and service tax which would the save tax payer’s time and money would be rolled out across the country by the end of this year, CBEC Additional Director General of Systems D P Dash said here. The new system– Automation of Central Excise and Service Tax (ACES) – […]
