"29 November 2010" Archive

Johnny and Service Tax Refund [Series- II]-Part 3- ‘Conditions Relating To Port Services’

In continuation of the series of previous two articles, elaborating the difficulties in getting the refund claim due to conditions relating to Invoice and CHA service, we in this article are attempting to present the problems existing in the Service ...

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Posted Under: Service Tax |

Not a Scam but a Case of Moral Devaluation

When money speaks, nobody bothers for grammar. This is what has been proved by recent surfacing of bank loans as a cross breed of bribe-corruption. Bribe, unethical behavior and corruption- its all in India’s blood and system now - be it using office stationery, personal use of office car, jumping a red right and getting scot-free for f...

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Posted Under: Service Tax |

ICSI issues Directives/Instructions for the Council/ Regional Council Elections -2010

The ICSI Election to the Council/Regional Councils – 2010 is to elect highest policy making bodies at the Central and Regional levels. The Members and the Contesting Candidates are advised to exercise utmost Self-Regulation to maintain and uphold the...

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Posted Under: Service Tax | ,

The result of Online CPT Examination held in the month of October, 2010 declared

The result of Online CPT Examination held in the month of October, 2010 declared go to http://220.227.161.82/cpt_onli ne.htm www.icai.org...

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Posted Under: Service Tax |

Government considering introduction of new Bill on emigration

The government is seriously considering introduction of a new Bill on emigration in Parliament soon and changes in its policy, including abolition of sponsorship for visit visas, aimed at protecting the interest of Indians working abroad. Minister fo...

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Posted Under: Service Tax |

RBI cautions against money schemes by unauthorised non-banking finance companies

The Reserve Bank on Monday cautioned people against money schemes offering assured high returns and asked them not to have deposits with unauthorised non-banking finance companies (NBFCs), which falsely claim to have approval from the central bank to...

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Posted Under: Service Tax |

Clarification regarding Quantity discounts, bonus quantities, etc. cleared without payment of duty under MRP based assessment – reg.

Circular No. 938/28/2009- Central Excise (29/11/2010)

A larger bench of CESTAT in the case of Indica Laboratories Vs CCE, Ahmedabad 2007(213) ELT 20(T-LB), has held that quantity discount, bonuses etc. are applicable for the valuation of goods under section 4 of the Central Excise Act, 1944 and not in case of goods valued under Section 4A....

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Classification of PXI Controllers, Input/Output Modules, Signal Converters and Chassis and its parts-regarding

Circular No. 42/2010-Custom Duty (29/11/2010)

It has been brought to the notice of the Board that there are divergent practices regarding classification of PXI Controllers, Input/Output Modules, Signal Converters and Chassis and its parts. Essentially, PXI Controllers are designed for measurement and automation applications, which require high performance and a rugged industrial form...

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Assocham proposes to develop 14 industrial clusters in Bihar

Assocham General Secretary D S Rawat said today that the proposed clusters would provide jobs to 6 lakh people, directly and indirectly. Rawat, who was talking to reporters here after releasing the Assocham's study report on 'Cluster Development for ...

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Posted Under: Service Tax |

Exemption from disclosure norms can be given by SEBI only- SC

Companies seeking exemption from disclosure norms before tapping the capital market can only do so with the prior consent of market regulator Securities and Exchange Board of India (SEBI), the Supreme Court has ruled. The apex court's direction cam...

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