"16 May 2014" Archive

SC explains distinction between “Contract for sale of goods” and “Works contract”

Dominant nature test” or overwhelming component test or the degrees of labour and service test are really not applicable. If the contract is a composite one which falls under the definition of Works contracts as engrafted under clause (29A)(b) of Article 366 of the Constitution, the incidental part as regards labour and service pales in...

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Seeks to levy provisional anti-dumping duty on imports of phenol, originating in or exported from Chinese Taipei and USA for a period of six months

Notification No. 23/2014-Customs (ADD) (16/05/2014)

For the purposes of this notification, rate of exchange applicable for the purposes of calculation of such anti-dumping duty shall be the rate which is specified in the notification of the Government of India...

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Notification No. 22/2014-Customs (ADD) Dated: 16.05.2014

Notification No. 22/2014-Customs (ADD) (16/05/2014)

The anti-dumping duty imposed under this notification shall be effective for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be paid in Indian currency. ...

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Notification No. 21/2014-Customs (ADD), Dated: 16.05.2014

Notification No. 21/2014-Customs (ADD) (16/05/2014)

Whereas, the designated authority vide notification No.15/32/2013-DGAD dated 17th April, 2014, published in Gazette of India, Extraordinary, Part I, Section 1...

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SEBI : Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement

Circular No. CIR/MRD/DP/16/2014-SEBI (16/05/2014)

Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement....

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Mothers name on PAN card – New Form 49A & 49AA WEF 16.05.2014

Notification No. 26/2014-Income Tax (16/05/2014)

Notification No. 26/2014-Income Tax CBDT has revised PAN Application form 49A and 49AA wef from 16.05.2014 vide its notification no. 26/2014 , Dated- 16-5-2014. Revised Form 49A and 49AA provides option to get printed Mothers Name on PAN card. So those applying for New PAN card or for revised PAN card have the option to get printed on the...

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CIT to report Order Passed by him under section 264 to CCIT

Circular No. 11/2014 - Income Tax (16/05/2014)

2. The statutory function under section 264 of the Act performed by the CIT is required to be reported by the CIT and also appraised by the supervisory Officers. Therefore, it has been decided to issue the following guidelines to be complied forthwith in respect of orders passed under section 264 of the Act:- a) The CIT shall prepare...

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External Commercial Borrowings (ECB) from Foreign Equity Holder – Simplification of Procedure

RBI/2013-14/594 A.P. (DIR Series) Circular No.130 (16/05/2014)

As per the extant ECB policy, ECBs from direct foreign equity holders (FEHs) are considered both under the automatic and the approval routes, as the case may be. ECBs from indirect equity holders and group companies and ECBs from direct FEH for general corporate purpose are, however, considered under the approval route. Further, any reque...

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