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Archive: 05 June 2013

Posts in 05 June 2013

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 18, 2024 4407 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 18, 2024 3891 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

Notification No. 20/2013-Central Excise ; Dated : 05.06.2013

June 5, 2013 439 Views 0 comment Print

n exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance.

Export of sugar under Advance Authorization would not require Release Order from Directorate of Sugar

June 5, 2013 487 Views 0 comment Print

.Export of sugar under Advance Authorization would not require Release Order from Directorate of Sugar. There is no change in other conditions relating to export of sugar.

Rate of Customs duty on import of gold increased from 6% to 8% w.e.f. 05.06.2013

June 5, 2013 322 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in

Political to furnish information under RTI Act – CIC

June 5, 2013 907 Views 0 comment Print

By his RTI application dated 16.5.2011, complainant S.C. Aggarwal has sought the following information from the Presidents/Secretaries of the Indian National Congress (INC/AICC) and the Bhartiya Janata Party (BJP)

Interest and Finance Charges (IFC) – Treatment in Costing

June 5, 2013 11490 Views 3 comments Print

Institute of Cost Accountants of India has released CAS-17: COST ACCOUNTING STANDARD ON INTEREST AND FINANCING CHARGES on 23/05/2013. This article is a step towards interpretation and explanation of various aspect of the said Cost Accounting Standard

Rate of exchange of conversion of each of the foreign currency with effect from June 06, 2013

June 5, 2013 610 Views 0 comment Print

In excise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance (

Clarification on SEBI’s Circular providing for the "Manner of Dealing with Audit Reports filed by Listed Companies"

June 5, 2013 1863 Views 0 comment Print

EBI has, vide circular dated August 13, 2012 providing for the “Manner of Dealing with Audit Reports filed by Listed companies”, mandated listed companies to submit either Form A (Unqualified/ Matter of Emphasis Report) or Form B (Qualified/ Subject

Applicability of Rules of Transfer Pricing on Specified Domestic Transactions

June 5, 2013 1658 Views 0 comment Print

The Finance Act, 2012 has extended the applicability of provisions of transfer pricing to Specified Domestic Transactions also. As per Sec.92BA “Specified Domestic Transaction “means:- Any expenditure in respect of which payment has been made or is to be made to a person referred to in clause (b) of Sec. 40A(2), Any transaction referred to […]

Glance at Place of Provision of Service Rules,2012

June 5, 2013 966 Views 0 comment Print

According to Section 66C of Finance Act,2012 1. The Central  Government may, having regard to the nature & description of  various services, by rules made in this regard, determine the place where such services are provided or agreed to be provided. 2. Any rule under subsection (1) shall not be invalid merely on the ground […]

RBI releases clarifications to queries on Guidelines for Licensing of New Banks in Private Sector

June 5, 2013 463 Views 0 comment Print

The Reserve Bank of India today released on its website, clarifications to queries on the Guidelines for Licensing of New Banks in the Private Sector. The Reserve Bank of India released the Guidelines for Licensing of New Banks in the Private Sector on its website on February 22, 2013. Following the issue of the guidelines, […]

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