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Archive: December, 2014

Posts in December, 2014

FAQs on applicability of SEBI (Research Analysts) Regulations, 2014

December 9, 2014 915 Views 0 comment Print

Frequently Asked Questions (FAQs) on the applicability of SEBI (Research Analysts) Regulations, 2014 SEBI (Research Analysts) Regulations, 2014 (“RA Regulations”) were notified on September 01, 2014 and came into effect from December 01, 2014. The RA Regulations are available on the SEBI website. In order to address the queries of various market participants on the […]

Principles of Natural Justice in Taxation Proceedings

December 9, 2014 29179 Views 0 comment Print

It is a matter of grave concern that the Principles of Natural Justice are ignored in Taxation Proceedings; be it proceedings under Vat Act, Income Tax Act, Stamp Act or any other Direct or Indirect Taxes. It has to be clearly borne in mind by the Taxation Authorities that adherence to the Principles of Natural […]

CBEC re-imposes Anti Dumping Duty on Cable Ties

December 9, 2014 4915 Views 0 comment Print

Whereas, the designated authority, vide notification No. 15/20/2013-DGAD, dated the 17th October, 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

Introduction of Digital Life Certificates for Pensioners

December 9, 2014 1314 Views 0 comment Print

As per the present scheme for payment of government pension, pensioners are required to furnish a life certificate in November every year to the bank concerned for continued receipt of pension without interruption. Even though this requirement has been liberalised to enable pensioners to submit their life certificate at any branch of the pension disbursing bank, several pensioners find it difficult to submit the certificates in time for various reasons.

Anti-dumping duty on Sodium Nitrite import from China

December 8, 2014 352 Views 0 comment Print

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.

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

December 8, 2014 1142 Views 0 comment Print

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 to case basis, wherever it is likely to result in access to modern and ‘state-of-art’ technology in the country.

Govt. permits FDI in 10 activities of Railway Transport sector

December 8, 2014 1476 Views 0 comment Print

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:

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

December 8, 2014 739 Views 0 comment Print

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 ITC (HS) Classification of Export & Import Items.

Amendment in export policy of cotton

December 8, 2014 283 Views 0 comment Print

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 ITC (HS) Classification of Export & Import Items.

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

December 8, 2014 10952 Views 0 comment Print

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 is […]

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