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Archive: 18 August 2011

Posts in 18 August 2011

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6321 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Live Course on How to Reply to GST Notices & SCN & to Fake ITC Notices? – Last day to Register

May 15, 2024 19347 Views 0 comment Print

Join our live course to learn expert strategies for replying to GST notices, SCNs, and fake ITC notices. Understand litigation nuances, evidence insights, and practical tips for effective responses. Register now!

Custom Instruction Regarding Installation of Weigh-Bridges at different ports

August 18, 2011 1543 Views 0 comment Print

F. No.450/81/2011-Cus.IV Attention is invited to para 5 of the ‘Handling of Cargo in Customs Areas Regulations, 2009’ which requires certain conditions to be fulfilled by Customs Cargo Service provider (CCSP) for custody and handling of imported or export goods in a customs area to the satisfaction of the Commissioner of Customs like infrastructure, equipment and adequate manpower for handling of imported or export cargo in a Customs area.

RBI – Minutes of the July 20, 2011 Meeting of the Technical Advisory Committee on Monetary Policy

August 18, 2011 345 Views 0 comment Print

The Committee reviewed the global and domestic macroeconomic developments. It felt that the global macroeconomic situation had worsened with the uncertainty clouding the increase in the US debt ceiling issue and continuing problem in the euro area. If the US debt crisis was not resolved satisfactorily, it would have serious ramifications for the global economy. They were also concerned that if the euro area sovereign debt problem spilled over to Spain and Italy, the consequences could be serious. While the international commodity prices had softened, the outlook was still uncertain. Members also expressed concerns over rising incipient inflationary pressures in advanced economies, even as the emerging market economies (EMEs) were still battling with high inflation.

RBI – Half-yearly Report on Management of Foreign Exchange Reserves (March 2011)

August 18, 2011 1614 Views 0 comment Print

The guiding objectives of foreign exchange reserves management in India are similar to those of many central banks in the world. The demands placed on the foreign exchange reserves may vary widely depending upon a variety of factors including the exchange rate regime adopted by the country, the extent of openness of the economy, the size of the external sector in a country’s GDP and the nature of markets operating in the country. While liquidity and safety constitute the twin objectives of reserve management in India, return optimisation becomes an embedded strategy within this framework.

926 branches of Banks to accept Advance Income Tax in Mumbai and Navi Mumbai

August 18, 2011 2096 Views 0 comment Print

As many as 926 computerised branches of public and private sector banks will receive advance income tax in Mumbai and Navi Mumbai. These arrangements have been made for the convenience of the Income Tax assesses. Of the 926 bank branches 862 branches are public sector bank branches, 35 HDFC bank branches, 10 ICICI bank branches and 19 AXIS bank branches. The Reserve Bank of India has advised income tax assesses to take advantage of these standing arrangements made for their convenience.

CBI cancels FIR – Retired Income Tax Assistant Commissioner to be paid retirement benefits

August 18, 2011 805 Views 0 comment Print

The government has been directed by the Central Administrative Tribunal to forthwith release the pension and other post-retirement benefits of a former I-T assistant commissioner, withheld on the alleged ground of a corruption case pending against him. The New Delhi-based principal bench of CAT ordered release of V B Bansal”s pension pointing out to the Centre that the CBI, which had lodged an FIR against him for owning assets exceeding his legal income, had subsequently moved the court seeking permission to cancel it.

ICAI – Launching of Committee for Capacity Building Of CA Firms and Small & Medium Practitioners (CCBCAF & SMP) Exclusive Website, for creating the website of the CA Firms

August 18, 2011 2828 Views 0 comment Print

The Committee for Capacity Building of CA Firms and Small & Medium Practitioners has launched its exclusive website on 1st July, 2011 by Hon’ble Shri R.P.N. Singh, Minister of State, Ministry of Corporate Affairs, Government of India. In the aforesaid website, the Firms may create their websites as per the norms laid down by the Council of the Institute of Chartered Accountants of India. The website provides a platform for the CA Firms to upload their firms’ details and gives them an opportunity to reach out to the members and CA firms practicing worldwide.

Export of Cotton [ITC (HS) Code 5201 & 5203]: obtaining of Registration Certificate

August 18, 2011 412 Views 0 comment Print

Export of Cotton [ITC (HS) Code 5201 & 5203]: obtaining of Registration Certificate. S.O. (E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 2.1 of the Foreign Trade Policy, 2009-14, the Central Government hereby makes the following amendment in Notification No.63(RE-2010)/2009-14 dated 4.8.2011:-

All about The Jan Lokpal Bill

August 18, 2011 12052 Views 0 comment Print

The Jan Lokpal Bill (Hindi: जन लोकपाल विधेयक) (also referred to as the citizens’ ombudsman bill) is a proposed anti-corruption law in India. It is designed to effectively deter corruption, redress grievances and protect whistle-blowers. If passed and made into law, the bill seeks to create an ombudsman called the Lokpal (translation: protector of the people) – an independent body similar to the Election Commission of India with the power to investigate politicians and bureaucrats without prior government permission. First introduced in 1969, the bill has failed to become law for nearly over four decades.

Quarterly Report on Public Debt Management for the Quarter April-June 2011 Released

August 18, 2011 555 Views 0 comment Print

The Central Government today released the fifth report, pertaining to the quarter April-June 2011 on Public Debt Management. Since September 2010, Department of Economic Affairs, Ministry of Finance has been bringing out a quarterly report on debt management.

ICWAI – Invitation for Empanelment of Resource Persons for preparation of Guidance Note relating to Performance Appraisal Report

August 18, 2011 730 Views 0 comment Print

Ministry of Corporate Affairs vide notification number 430 dated 3rd June 2011 has issued The Companies (Cost Audit Report) Rules 2011. Every cost auditor has to submit the Cost Audit Report as per these rules from 1st April 2012 irrespective of the financial year of the company to which it relates. The report is to be submitted in 3 forms: Form I relates to General Information of the company Form II relates to form of Cost Audit Report Form III relates to Performance Appraisal Report

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