"07 May 2015" Archive

Excise Registration of Dealer NOT mandatory for transit sale

In view of the newly inserted provisos, some field officers took the view that whoever orders goods to the Manufacturer and directs the Manufacturer to send the goods to ultimate user directly are required to take Dealer’s Registration. ...

Read More

New Online Registration system for MVAT and CST without attending officers

With reference to my previous article on revised registration procedure as per circular 4T of 2015, where common form for registration of MVATCSTPTRCPTEC. Now Department has come up with new Trade circular 5T of 2015 dated 07/05/15 where, you will surprise to here that ; registration can be obtained for all above mentioned numbers without...

Read More
Posted Under: Excise Duty |

A quick guide to Corporate Social Responsibility (CSR) Provisions

Corporate social responsibility may be referred to as corporate citizenship and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change. ...

Read More
Posted Under: Excise Duty |

Recent Trends in Residential Property Prices in India

Press Release : 2014-2015/2345 (07/05/2015)

The Reserve Bank of India placed on its website, an article titled ‘Recent Trends in Residential Property Prices in India: An exploration using housing loan data’ based on the results of its ‘Residential Asset Price Monitoring Survey’. ...

Read More

CBI Arrests an Inspector of Central Excise In a Bribery Case

The Central Bureau of Investigation has arrested an Inspector of Central Excise, Roorkee (Uttrakhand) for demanding and accepting a bribe of Rs. 3500/- from the Complainant. ...

Read More
Posted Under: Excise Duty |

Rate of exchange of conversion of foreign currency wef 8th May, 2015

Notification No. 44/2015-Customs (N.T.) (07/05/2015)

S.O.1028 (E), dated the 16th April, 2015, except as respects things done or omitted to be done before such super session, the Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II annexed hereto into Indian...

Read More

Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions

RBI/2014-15/589 DPSS (CO) PD No.2112/02.14.003/2014-15 (07/05/2015)

The Reserve Bank has adopted a phased manner of implementation of security and risk mitigation measures in card transactions as evident from the instructions issued from time to time. The acceptance infrastructure is getting geared to accept EMV chip and pin cards....

Read More

Mandatory issue of acknowledgement to pensioners on submission of life certificates

RBI/2014-15/587 DGBA.GAD No.H- 5013/45.01.001/2014-15 (07/05/2015)

In terms of extant instructions, all pensioners are required to furnish a life certificate to the pension disbursing bank every year in November for continuance of pension. This certificate can be submitted at any branch of the pension paying bank. ...

Read More

Framework for dealing with loan frauds

RBI/2014-15/590 DBS.CO.CFMC.BC.No.007/23.04.001/2014-15 (07/05/2015)

The rising trend in loan related frauds in the financial sector is a matter of serious concern. Equally disquieting is the delay in detection and reporting of such frauds by banks. The issues relating to prevention, early detection and reporting of frauds has been looked into by an Internal Working Group (IWG) of the RBI ...

Read More

Doubts over appearance of Chartered Accountants before Income Tax Authorities

I would like to request you to issue a notification from the Institute regarding the appearance of Chartered Accountants before the income tax authorities. The income tax officials are threatening practicing CAs that they can’t appear before them, Recently Tax Bar Association, Rishikesh has issued a letter to Income Tax Authorities to b...

Read More
Posted Under: Excise Duty |
Page 1 of 212