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Archive: 19 July 2013

Posts in 19 July 2013

Notification no. 78/2013-Customs (N.T.) Dated: 19/07/2013

July 19, 2013 256 Views 0 comment Print

In exercise of the powers conferred by sub-rule (1) of Rule 3 of the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997 and in supersession of notification of the Government of India in the

Designates Sh.G.S.Sarna as DG(Safeguard) & DG(Specific Safeguard)

July 19, 2013 283 Views 0 comment Print

In exercise of the powers conferred by sub-rule (1) of Rule 3 of the Customs Tariff (Transitional Product Specific Safeguard Duty) Rules, 2002

Trade Notice No. 05/2013, Dated: 19.07.2013

July 19, 2013 472 Views 0 comment Print

It has now been decided that Personal Hearing (PH) in such cases by the Director General of Foreign Trade will be held at Udyog Bhawan, New Dehli-11 on second Tuesday of every month between 3:00PM to 4:00PM. In case, in any month, 2nd Tuesday is not a working day then such PH may be held on next Tuesday.

Royalty And Fees for Technical Services

July 19, 2013 3342 Views 0 comment Print

Transfer of technology is an important aspect of international trade and investment. Transfer and sharing of intellectual property rights and providing managerial, technical or professional services etc. are important means of such technology transfer. Indian industry and service providers have of late been increasing entering into agreements with foreign firms so as to access such […]

Section 14A / Rule 8D not applies to short-term investments

July 19, 2013 4877 Views 0 comment Print

Some of the investments made by the assessee are short term. Since assessee is paying capital gains tax on short term investments, the provisions of Rule 8D will not apply on them. The Assessing Officer is directed to re¬compute dis-allowance u/s. 14A r.w.r. 8D after excluding short term investments.

Customs – Standard Unit Quantity Code (UQC) – regarding

July 19, 2013 41236 Views 2 comments Print

The issue of poor quality of trade data has been engaging the attention of the Government. Further, an analysis of National Import Data Base (NIDB) reveals that there are at times variations between the lowest and highest unit values of the same item, which might escape detection on account of the use of different unit codes.

Whether Option for Immigration Consultants to Opt for Private Limited Companies is Right?

July 19, 2013 1809 Views 2 comments Print

In my 5 year long Practice, a no. of people come and ask for advice for starting a business and even ask for the what Form of Business should they opt for i.e. Proprietorship Firm/ partnership Firm/ Companies. And although I am Company Secretary, but I always advice them to start with Proprietorship Business and not for Private/ Public Limited Company at initial level of his business.

Regulatory Compliance in SME Sector – Made Easy

July 19, 2013 1499 Views 0 comment Print

We have good number of laws and regulations to govern corporates but in reality whether these corporates are really comply with law and a regulation is the matter debate coupled with complexities and penal consequences.

Forum for Exchange of Views between Industry & Govt on Tax Related Issues / Disputes

July 19, 2013 642 Views 0 comment Print

Ministry of Finance Constitutes a Forum Chaired by Dr. Parthasarathi Shome, Adviser to the Finance Minister for Exchange of Views between Industry Groups and Government on Tax Related Issues or Tax Related Disputes; Forum to Meet Every Wednesday; First Meeting of the Forum on August 7, 2013

Chairman SEBI can Authorize Search and Seizure Operations to Crack Down Ponzi Schemes

July 19, 2013 363 Views 0 comment Print

An Ordinance to Amend the Securities Laws Promulgated; SEBI would have now Powers to Regulate any Pooling of Funds Under An Investment Contract Involving A Corpus Of Rs.100 Crore Or More, Attach Assets In Case Of Non-Compliance And Chairman SEBI would have Powers to Authorize The Carrying out of Search and Seizure Operations, As Part […]

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July 2013