"July, 2011" Archive - Page 2

Regarding exemption to specific goods when imported into India from Japan – Notification No. 69/2011-Customs

Notification No. 69/2011-Customs (29/07/2011)

Notification No. 69/2011-Customs Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods of the description as specified in column (3) of the Table appended hereto and falling under the Chapter, Heading, Sub-heading or tariff item of the First Schedule to the Customs Tariff Act, 1975 ...

Read More

SEBI Board meeting – Proposed New Takeover Code

The Board considered the Report of the Takeover Regulations Advisory Committee (TRAC) and accepted most of the recommendations of TRAC. Major among them include the following: (a) Initial trigger threshold increased to 25 % from the existing 15%. (b) There shall be no separate provision for non-compete fees and all shareholders shall b...

Read More
Posted Under: Custom Duty |

Amends Notification No. 46/2011-Customs, dated the 1st June, 2011 vide Notification No. 68/2011-Customs

Notification No. 68/2011-Customs (29/07/2011)

Notification No. 68/2011-Customs Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 46/2011-Customs, dated the 1st June, 2011, published in the Gazette of I...

Read More

ICAI President's Message – August 2011

Guidelines for professional accountants on Know You Client (KYC), as finalised by the study group under the convenorship of my Central Council colleague CA. Charanjot S. Nanda as constituted by the Ethical Standards Board of the Institute, under which the practicing members are required to gather information about their clients for whom t...

Read More
Posted Under: Custom Duty |

Regarding Making E-payment of Customs duty mandatory -Circular No. 33/2011-Customs

Circular No. 33/2011-Custom Duty (29/07/2011)

Circular No. 33/2011-Customs - In order to reduce the transaction cost of the importers and expedite the time taken for customs clearance the Board has decided to make e-payment of duty mandatory for the importers paying an amount of Rupees one lakh or more per transaction. Additionally, for Accredited Clients under the Customs Accredited...

Read More

ICAI asks govt. to amend Income Tax Act

Institute of Charted Accountants of India, ICAI appeal ed the government to amend the Income Tax Act in order to empower Accountants to examine foreign bank accounts closely in black money cases. Briefing reporters in New Delhi on Friday G Ramaswamy, President of ICAI said that an empowered group has been setup to address the case of ille...

Read More
Posted Under: Custom Duty |

May 2011 PCE and IPCC Examination Results likely on 8th August, 2011

The results of the Chartered Accountants Professional Competence and Integrated Professional Competence Examinations held in May, 2011 are likely to be declared tentatively on Monday, the 8th August, 2011 around 2 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto the maximum of 50th...

Read More
Posted Under: Custom Duty |

ICAI decides to waive off the cost of application form (i. e, Rs 500/-) in respect of candidates who fill in their Examination forms online

In order to encourage the student community to take to on-line applications, it has been decided to waive off the cost of application form (i. e, Rs 500/-) in respect of candidates who fill in their forms online at http://icaiexam.icai.org and remit the examination fee online by using either VISA or Master credit/debit card.Students may n...

Read More
Posted Under: Custom Duty |

Stay on operation of Trade Notice No. 13 dated 27.07.2011 for export of non-Basmati rice

Trade Notice No. 14 (29/07/2011)

Division Bench of the Hon’ble High Court of Delhi (Justice S.K. Kaul and Justice Rajiv Shakdher) in their interim order in Writ Petition No. 5237/2011 Kannu Aditya (India) Ltd. Vs. Union of India, made on 26th July, 2011 have ordered: It is directed that no allotment shall be made till the next date of hearing. ...

Read More

Transfer Pricing – whether the Tribunal was justified in entertaining the additional ground for exclusion of comparable

CIT Vs Quark Systems India (P) Ltd. (Punjab and Haryana High Court)

CIT Vs Quark Systems India (P) Ltd. (Punjab and Haryana High Court)- The Tribunal, while entertaining the additional ground raised by the assessee for the exclusion of a comparable, remanded the matter to the AO allowing an opportunity to the assessee to produce material before the AO for determination of the ALP, and after the remand and...

Read More

Search Posts by Date

October 2020
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031