"13 June 2014" Archive

Amends Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001

Notification No. 46/2014-Custom (N.T.) (13/06/2014)

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 ...

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Notification No. 27/2014-Customs (ADD) Dated: 13/06/2014

Notification No. 27/2014-Customs (ADD) (13/06/2014)

The product under consideration is homopolymer of vinyl chloride monomer (suspension grade) where various polymer chains are not linked to each other...

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Secretarial Audit Report Under Companies Act, 2013

Section 204(1) of Companies Act, 2013 introduces concept of Secretarial Audit Report by Company Secretary in practice is a welcome step. It is a step towards good corporate governance and in line with the provisions of Clause 49-C(iii) of the Listing Agreement of Stock Exchanges i.e. part of Corporate Governance which states....

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Posted Under: Custom Duty |

Notification No. 26/2014-Customs (ADD) Dated: 13/06/2014

Notification No. 26/2014-Customs (ADD) (13/06/2014)

Whereas in the matter of ‘homopolymer of vinyl chloride monomer (suspension grade)’ (hereinafter referred to as the subject goods), falling under heading 3904 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as ...

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Introduction of New Work Sheet for Vat Dealers In Punjab

The Vat department vide Notification dated 15-11-2013, had amended section 13(1) proviso and allowance of Input tax credit was restricted to goods sold or used in manufacturing, processing or packing of taxable goods w.e.f. 01-04-2014. The various trade organizations pitched their voice against this law which is going to deny their rightf...

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Posted Under: Custom Duty |

Report on Annual General Meeting

Section 121 of the Companies Act,2013 and Rule 31 of Companies (Management and Administration) Rules,2014 deals with Report on Annual General Meeting. This is the new provision introduced by the Companies Act ,2013, which mandates the report on AGM for all listed public companies. Earlier, as per the listing agreement, the report on AGM i...

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Posted Under: Custom Duty |

Postal Ballot under Companies Act, 2013

Section 110 of the Companies Act,2013 and Rule 22 of the Companies (Management and Administration ) Rules,2014 deals with Postal Ballot. Postal Ballot – Business: A company shall transact the following business only by means of Postal Ballot;...

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Posted Under: Custom Duty |

Section 188 – Related Party Transaction under Companies Act, 2013

CA Gaurav Mittal Section  188 of Companies Act 2013 is about  Related Party Transactions and applicable to both Private and Public limited company  and is applicable from 1St April 2014. What we will be discussing in below article:-       Definition/Meaning of Related Party       Transactions which are deemed as related party...

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Posted Under: Custom Duty |

How to improve Bank Audit Appointment System?

PROBLEMS IN PRESENT SYSTEM & THEIR SOLUTIONS- A) PROBLEM: Category IV) CA firms gets very less proportion of bank audit. Many CATEGORY II) / III) Firms are not getting appointments even after 4-5 years. Many Firms are not getting appointments even after 6-7 years. ...

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Posted Under: Custom Duty |

Clarification on Renewal of Customs Brokers licenses

Circular No. 08/2014-Customs Duty (13/06/2014)

The matter has been examined by the Board. Regulation 8 of CBLR, 2013 mandates that before granting the licence under regulation 7, the Commissioner of Customs shall require the successful applicant to enter into the bond and ...

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