Notification No. 3/2011 – Income Tax WHEREAS the annexed Agreement among the Governments of SAARC (South Asian Association for Regional Cooperation) Member States comprising the People’s Republic of Bangladesh, the Kingdom of Bhutan, the Republic of India, the Republic of Maldives, the Kingdom of Nepal, the Islamic Republic of Pakistan and the Democratic Socialist Republic of Sri Lanka for the avoidance of double
Exporters of pharmaceutical products will be required to affix barcodes on their export products to facilitate tracing and tracking of their products. In order to enable exporters of pharmaceutical products for incorporation of this technology, adequate time is being given and that is why para 3 will be made applicable on 1st July 2011.
Attention is invited to the Handling of Cargo in Customs Areas Regulations, 2009 which provide comprehensive guidelines for receipt, storage, delivery or otherwise handling of goods in the Customs area. These regulations also prescribe the responsibilities of persons
Submission of required documents (as given in Note 1 and Note 2 of Annexure I of Policy Circular No.9 dated 29/12/2010), scrutiny thereof and grant of RC, if found eligible, shall be held on the working days either in the forenoon (10.00 AM to 1.00 PM) or in the afternoon (2.00 PM to 5.00 PM) between 11th and 24th of January, 2011.
The Annexure to this Trade Notice contains the allocation of 19,00,000 Bales of cotton. The fractional numbers, in the annexed allocations will be rounded off at the time of issue of Registration Certificates, in order to ensure commercially meaningful transaction.
CNBC-TV18 learns that the Institute of Charted Accountants of India (ICAI) has approached the Ministry of Company Affairs (MCA) for amendment of the CA Act. The institute proposes 10-12 amendments, seeking action against erring audit firms. It als
The Income Tax Department may conduct a probe of its own into the Rs 400 crore fraud exposed at Citibank’s Gurgaon branch to ascertain if black money found its way into the ponzi scheme designed by Relationship Manager Shivraj Puri .
Accounting regulator ICAI today cautioned the Reserve Bank against over-reliance on a centralised audit system for banks that have completed computerisation of their operations in view of the Rs 400 crore fraud unearthed at Citibank”s Gurgaon branch
It has been brought to our notice that for opening bank accounts of salaried employees some banks rely on a certificate / letter issued by the employer as the only KYC document for the purposes of certification of identity as well as address proof. Such a practice is open to misuse and fraught with risk.
