Circular No.03/2012 – Customs – The matter of correct classification of fused silica under the First Schedule to the Customs Tariff Act, 1975 was taken up for discussion during the Conference of Chief Commissioners of Customs on Tariff and allied matters held in May 2011. After examining the various entries in the said schedule and the technical aspects of the product in question, it was decided that the Chief Commissioners under whose jurisdiction the import of fused silica are taking place, shall furnish the technical details of the product to the Board; it was also decided to seek an expert opinion before arriving at a final decision regarding classification of the product. Board now clarifies that ‘Fused Silica’ is correctly classifiable under tariff item 32074000.
The due date for submission of ITR-V for A.Y. 2011-12 has been extended upto 31.03.2012 or 120 days from the date of upload whichever is later.
1. PAN. No. of the Applicant 2. Address Proof of Factory 3. Address Proof of Authorised Signatory 4. Board Resolution in favour of Authorised Signatory
AD Category-I banks are advised that a further revision has taken place on January 17, 2012 and accordingly, the Rupee value of the Special Currency Basket has been fixed at Rs.71.456679 with effect from January 20, 2012. AD Category-I banks may bring the contents of this Circular to the notice of their constituents concerned.
This calculator calculates TDS amount deductible under section 194C, 194D, 194A, 194H, 194I and 194J. The calculator calculates TDS automatically on the basis of status of the Assessee and if PAN No. is not provided it will show the rate f TDS as 20%. The calculator also calculates interest on TDS amount deducted but not paid. The calculator is useful to compute TDS liability in respect of expenses or payment related to period on or after 01.04.2011.
PUBLIC NOTICE No. 94 (RE-2010)/2009-14 Description of input items have been mentioned in more specific details and quantities rationalized for export of Assorted Confectionery made of Cane Sugar. Another entry has also been created for Sugar free Assorted Confectionery.
Description of export product is amended to read as ‘Biscuit’ instead ‘Biscuits (with or without Dry Fruits)’. Description of import items have been mentioned in more specific details and quantities rationalised.
PUBLIC NOTICE NO.92 (RE-2010)/2009-2014 This notifies the SION for export product Instant Fruit Juice Powder /Crystals (both with sugar and sugar free). These are two new entries.
Kwality Ice Cream Company And Anr Vs. UOI (Delhi HC)- Period of limitation, unless otherwise stipulated by the statute, which applies to a claim for the principal amount should also apply to the claim for interest thereon. If that be the position, the period of limitation prescribed for demand of duty under Section 11A is normally one year and, in exceptional circumstance of a case falling under the proviso to Section 11A(1), the period of limitation is five years.
Resolved that by virtue of powers vested under Regulation 205 of the Chartered Accountants Regulations, 1988, the Council of the Institute hereby orders that candidates who register for Integrated Professional Competence Course (IPCC) in the respective Decentralized Office and complete eight months study course, as on the first day of the month in which examination is held would be eligible to appear in the Integrated Professional Competence Examination (IPCE) to be held in May, 2012 examination and onwards
