"01 August 2013" Archive

FAQ on Digital Signature to be used on EPFO Website

FAQ What is a Digital Signature? A digital signature is an electronic form of a signature that can be used to authenticate the identity of the sender of a message or the signer of a document, and also ensure that the original content of the message or document that has been sent is unchanged. Digital […]...

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Posted Under: Corporate Law |

Advance AuthorisationDFIA – Inputs actually used in manufacture of export product should only be imported

Notification No. 31 (RE-2013)/2009-2014 01/08/2013

Inputs actually used in manufacture of the export product should only be imported under the authorisation. Similarly inputs actually imported must be used in the export product. This has to be established in respect of every Advance Authorisation / DFIA....

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Goods imported / procured against SFIS scrips can be alienated on completion of 3 years from the date of import / procurement

Notification No. 30 (RE-2013)/2009-2014 01/08/2013

Entitlement/goods (imported / procured) shall be non transferable (except within group company and managed hotels) and be subjected to Actual User condition. However, these goods can be alienated on completion of 3 years from the date of import / procurement. ...

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Additional info to be furnished by Non Resident with TRC to claim treaty benefits

Notification No. 57/2013 - Income Tax 01/08/2013

Notification No. 57/2013 - Income Tax (1) These rules may be called the Income-tax (11th Amendment) Rules, 2013. (2) They shall be deemed to have come into force with effect from the 1st day of April, 2013. 2. In the Income-tax Rules, 1962,- (a) in rule 21AB, for sub-rules (1) and (2), the following sub-rules shall be substitute...

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Income Tax Dept. to accept Returns on Saturday & Sunday i.e. 3rd & 4th August too

CBDT's order F.No 225/117/2013/ITA.II dated 31.07.2013 05/08/2013

In view of extension of due date for filing of return of Income from 31st July, 2013 to 5th August, 2013 vide CBDT's order under section 119 of IT Act in F.No 225/117/2013/ITA.II dated 31 .7.2013,...

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Pass Percentage & Toppers of of CA Intermediate (IPC) May 2013

The top three rank holders on all India basis of Chartered Accountants Intermediate (IPC) Examination held in May, 2013 are from Mumbai, Surat, Vuyyuru (Andhra Pradesh) and Vadodara respectively. ...

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Posted Under: Corporate Law |

Govt amends defination of term “control” for calculation of total foreign investment in Indian companies

Review of the policy on foreign direct investment-definition of the term “control”, for calculation of total foreign investment i.e. direct and indirect foreign investment in Indian companies The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Industrial Policy & Promotion for amendment...

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Posted Under: Corporate Law |

Govt decides to amend provisions relating to FDI caps and routes in various sectors

Review of Foreign Direct Investment (FDI) caps and routes in various sectors. Cabinet  Decision   The Union Cabinet today approved the proposal for review of Foreign Direct Investment (FDI) caps and routes in various sectors.  The Government has decided to amend the provisions relating to the FDI caps and routes in various sectors as ...

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Posted Under: Corporate Law |

Amendment in existing FDI policy in Multi-Brand Retail Trading (MBRT)

Review of the policy on Foreign Direct Investment (FDI) in Multi-Branded Retail Trading Cabinet Decision The Union Cabinet today approved the proposal for amendment in the existing FDI policy in Multi-Brand Retail Trading (MBRT) in para 6.2.16.5(1) (iii), (iv) and (vi) of ‘Circular 1 of 2013 – Consolidated FDI Policy. a) Amend...

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Posted Under: Corporate Law |

Classification of products – “Cockroach traps”, and “Mosquito Repellent” in the harmonised Customs Tariff- regarding

Circular No. 28/2013-Customs 01/08/2013

The Board has noted import data in National Import Data Base which shows that products like Cockroach Traps and Mosquito Repellent, are classified under various Customs tariff headings 3506, 3822, 3808, 3926, 4823, etc. Accordingly, this issue of classification was taken up for discussion and decision in the Vishakhapatnam Conference of C...

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