"08 December 2014" Archive

Anti-dumping duty on Sodium Nitrite import from China

Notification No. 46/2014-Customs (ADD) [G.S.R.877(E).] (08/12/2014)

This notification shall remain in force upto and inclusive of the 16th August, 2016, unless revoked earlier, and the anti-dumping duty shall be paid in Indian currency....

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FDI in India – Review of FDI policy –Sector Specific conditions- Defence

RBI/2014-15/340 A.P. (DIR Series) Circular No. 46 (08/12/2014)

In terms of Schedule 1 to the Notification ibid, Foreign Direct Investment (FDI) up to 26 per cent is permitted under Government route in Defence industry subject to license under the Industries (Development & Regulation) Act, 1951. Proposals for FDI above 26 per cent would be subject to approval of Cabinet Committee on Security on case t...

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Govt. permits FDI in 10 activities of Railway Transport sector

RBI/2014-15/341 A.P.(DIR Series) Circular No.47 (08/12/2014)

Department of Industrial Policy and Promotion (DIPP) has now permitted 100% FDI in railway Infrastructure sector under automatic route subject to conditions. Accordingly, it has been decided to permit FDI in the following activities of the Railway Transport sector:...

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DGFT dispenses registration requirement for export of certain types of cotton yarn

Public Notice No. 103(RE-2013)/2009-14, (08/12/2014)

In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 1.3 of the Foreign Trade Policy, 2009-14, as amended, the Central Government hereby makes, with immediate effect, the following amendments in respect of Sl. No. 197 & 199 of Chapter 52 of Schedule 2 of ...

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Amendment in export policy of cotton

Notification No. 102 (RE-2013)/2009-14 (08/12/2014)

In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 1.3 of the Foreign Trade Policy, 2009-14, as amended, the Central Government hereby makes, with immediate effect, the following amendments in respect of Sl. No. 197 & 199 of Chapter 52 of Schedule 2 of ...

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Modiji Appealed for 'Make in India' But NRIs worried about 'Tax in India'

CA Umesh Sharma Arjuna (Fictional Character): Krishna, The tours across the world of Modiji after becoming the Prime Minister of India has become the topic of discussion for everyone. He invited Non Resident Indians to make financial investment in India through “Make in India” scheme. But who are these Non Resident Indians (NRI), what...

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Posted Under: Custom Duty |

'A Complete Guide for Advanced Auditing – CA (Final)' – Download Free e-book

Please find attached 1th Edition of the Book on CA – Final (Audit) 'A Complete Guide for Advanced Auditing – CA (Final)' Applicable for May – 2015 Exams onwards. (incorporating upto date amendments including Companies Act, 2013, Clause 49 (Listing Agreement), Form 3CD (Tax Audit Report). The book also contains: ...

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Service Tax on Support Services provided by Government of India

Any service provided by the Government is not taxable since it is covered under the Negative List. However certain services (specified in section 66D (a)(i) to (iv) of the Finance Act, 1994) provided by government are taxable as they are covered under exceptions to the negative list....

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Posted Under: Custom Duty |

Empanelment of CA firms / LLPs with C&AG for the year 2015-16

Online Applications are invited from Chartered Accountant firms/LLPs who desire to be empanelled with the office of the Comptroller and Auditor General of India for appointment as auditors of Government Companies/Corporations for the year 2015-16....

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Posted Under: Custom Duty |

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