"15 May 2014" Archive

7 things to know before selling a mutual fund

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 […]...

Posted Under: Finance |

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

Notification No. 42/2014-Customs (N.T.) 15/05/2014

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 th...

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

Notification No. 41/2014-Customs (N.T.) 15/05/2014

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

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 wo...

Posted Under: Finance |

Classification of rice par-boiling machinery

Circular No. 982/06/2014- Central Excise 15/05/2014

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 Co...

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

Public Notice No. 60 (RE-2013)/2009-2014 15/05/2014

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

Public Notice No. 59 (RE-2013)/2009-2014 15/05/2014

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 g...

Supply & Installation of Lifts is a Works Contract – SC

M/s. Kone Elevator India Pvt. Ltd. Vs State of Tamil Nadu and Ors. (Supreme Court of India)

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

Circular No. CIR/MRD/DP/15/2014-SEBI 15/05/2014

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

Kushalbhai Ratanbhai Rohit Vs State of Gujarat (Supreme Court of India)

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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