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Archive: 15 May 2014

Posts in 15 May 2014

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 18, 2024 4533 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 4002 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!

7 things to know before selling a mutual fund

May 15, 2014 1755 Views 0 comment Print

Investing is not just about buying, but also about selling. Only when you sell do you generate returns from the investment. Sometimes, if you perceive your investments are not performing as you intended, you may wish to sell them. This is applicable for a mutual fund too. You may want to sell, and put the […]

Notification No. 42/2014-Customs (N.T.) Dated: 15.05.2014

May 15, 2014 331 Views 0 comment Print

25 Vaisakha, 1936 (SAKA) S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001- Customs (N.T.), dated the 3rd August, 2001

Rate of exchange of conversion of each of the foreign currency with effect from the 16th May, 2014

May 15, 2014 235 Views 0 comment Print

S.O. (E). – In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.38/2014-CUSTOMS (N.T.), dated the 1st May, 2014 vide number S.O. (E), dated the 1st May, 2014

Invisible capital : For Cost Accountants in Practice – Part 1

May 15, 2014 2780 Views 0 comment Print

We dream to start something of our own and in that process we dream to get into profession similar to doctors where they start practicing and gain knowledge and independent recognition. Cost Accountancy is one of the professions where students pursuing finance domain studies can become independent professionals. But many fellow members would say that […]

Classification of rice par-boiling machinery

May 15, 2014 622 Views 0 comment Print

I am directed to draw your attention to Circular No. 924/14/2010-CX dated 19.05.2010 on the subject of classification of rice par-boiling machinery under the Central Excise tariff. References have been received from trade and field to re-examine the circular consequent to the judgement of the Hon’ble Tribunal in case of M/s Jyoti Sales Corporation [2011(272) E.L.T. 689 (Tri – Del) & 2011 – TIOL – 1498 – CESTAT-DEL]. The circular has since been re-examined.

Public Notice No. 60 (RE-2013)/2009-2014, Dated: 15.05.2014

May 15, 2014 274 Views 0 comment Print

In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy 2009-2014, the Director General of Foreign Trade hereby authorizes Trade Promotion Council of India to issue Certificate of Origin.

Public Notice No. 59 (RE-2013)/2009-2014, Dated: 15.05.2014

May 15, 2014 454 Views 0 comment Print

The structure of Appendix-4D is being changed. The Bilateral/Regional Preferential Trade Agreements signed by India are being included along with their respective agencies authorized to issue Certificate of Origin (Preferential). While, the Export Inspection Council (EIC) is mandated to issue Certificate of Origin (Preferential) for all goods under all trade agreements; Marine Products Export Development Authority (MPEDA) is also now being authorized to issue Certificate of Origin (Preferential) for Marine products under all trade agreements. In addition, with respect to textiles and made ups, the Textiles Committee is being authorized toissue Certificate of Origin(Preferential) under India-Japan Comprehensive Economic Partnership Agreement (IJCEPA).

Supply & Installation of Lifts is a Works Contract – SC

May 15, 2014 20183 Views 0 comment Print

The Constitution bench of the Supreme Court in the case of M/S. Kone Elevator India Pvt. Ltd. vs. State of Tamil Nadu and Ors. (Writ Petition (C) No. 232 OF 2005) vide its order dated 6.5.2014 has overruled the decision of the three-Judge bench in the case of State of A.P. v. Kone Elevators (India) Ltd, reported at (2005) 3 SCC 389.

SEBI : Risk management framework for Foreign Portfolio Investors (FPI) under the SEBI (Foreign Portfolio Investors) Regulations, 2014

May 15, 2014 412 Views 0 comment Print

Custodians / DDPs shall provide necessary details related to FPIs, including categorisation of FPIs, to the stock exchanges for the purpose of implementing the aforementioned provisions.

Judge entitled to alter verdict already delivered in open court until judgement is signed & sealed- SC

May 15, 2014 3274 Views 0 comment Print

SC held that We do not find any forcible submission advanced on behalf of the petitioners that once the order had been dictated in open court, the order to review or recall is not permissible in view of the provisions of Section 362 Cr.P.C. for the simple reason that Section 362 Cr.P.C.

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