"31 December 2014" Archive - Page 2

Notification No. 49/2014-Customs (ADD) Dated: 31/12/2014

Notification No. 49/2014-Customs (ADD) (31/12/2014)

the designated authority, vide notification No. 15/19/2012- DGAD dated 25th April, 2013 published in the Gazette of India, Extraordinary, Part I, Section 1, had initiated a review in the matter of continuation of anti-dumping duty on imports ...

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SC on Nokia Composite Pack vs Battery Charger as an Accessory– an Analysis?

Advocate Anandaday Misshra Recently Honourable Supreme Court had dealt with VAT Appeal Nos 54 &55 (O&M) of 2010 passed by the High Court of Punjab and Hariyana . While disposing Civil Appeal Nos 11486-11487 of 2014 of State of Punjab & Ors Versus Nokia India Pvt. Ltd.,2014-TIOL-100-SC-VAT they held that ……we find that ...

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Posted Under: Custom Duty |

Procedure Of Increase In Authorised Share Capital & Private Placement

Point to Note- (1) An offer can be made under a Private Placement Offer Letter to not more than 200 people. (2)The application form has to be numbered and addressed specifically to the person to whom the offer is made along with the Offer Letter. Allotments can be made only to such persons (3) The […]...

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Notice issued in the name of amalgamated company is void

M/s Images Credit and Portfolio (P) Ltd. (amalgamated with Sainath Associates Pvt. Ltd.) Vs ACIT (ITAT Delhi)

Admittedly the assessment for the year under consideration has been completed on the basis of notice under Section 153C dt. 14.9.2010. Notice has been issued in the name of M/s Image Credit & Portfolio Ltd. That the Hon'ble Delhi High Court...

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Impact of CSR on Financial Performance of Company

Corporate Social Responsibility (CSR) is a concept that has attracted worldwide attention and acquired a new meaning in the global economy. Sharp interest in CSR in recent years has stemmed from the advent of globalization and international trade, which has reflected in increased business complexity and new demands for enhanced transparen...

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Posted Under: Custom Duty |

Notification No. 117/2014-Customs (N.T.) Dated: 31/12/2014

Notification No. 117/2014-Customs (N.T.) (31/12/2014)

Silver, in any form, in respect of which the benefit of entries at serial number 322 and 324 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed...

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Legality of Recovery during pendency of appeal before CESTAT for reasons not attributable to Assessee

Fashion Suitings Pvt. Ltd. Vs. Superintendent of Central Excise & Service Tax

Fashion Suitings Private Limited (the Petitioner) received a Demand Notice dated October 8, 2013 for the payment of Service tax amounting to Rs 15,78,40,282/- with interest and penalty amounting to Rs. 17,08,00,086/- against the Order-in-Original dated October 26, 2012 during the pendency of Stay application before the Hon’ble Tribunal....

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Posted Under: Custom Duty |

Excise Duty Benefit withdrawn -Unjustified -Indian Automobile Industry

Withdrawal of the excise duty benefits for the automobile industry from 1st Jan-2015 is simply devastating for the Indian automobile industry as well as for the long term industry growth. I don’t understand what are the Indian government’s rationales behind formulation of sector specific policies which kills the growth of a particular...

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Posted Under: Custom Duty |

ICAI President's Message – January 2015

The Future Belongs to Us-Let’s Think Big - The reviving economy, fast-paced globalisation and expansion of various sectors are offering an ocean of professional opportunities for the CAs....

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Posted Under: Custom Duty |

Companies (Cost Records and Audit) Amendment Rules, 2014

Notification No. G.S.R. 01(E) (31/12/2014)

Telecommunication services made available to users by means of any transmission or reception of signs, signals, writing, images and sounds or intelligence of any nature (other than broadcasting services) and regulated by the Telecom Regulatory Authority of India under the Telecom Regulatory Authority of India Act, 1997 (24 of 1997)...

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