"18 May 2015" Archive

Make in India, It would really make India!

Make in India is an initiative of the Government of India, to encourage companies to manufacture their products in India. It was launched by Prime Minister, Narendra Modi on 25 September 2014. The major objective behind the initiative is to focus on 25 sectors of the economy for job creation and skill enhancement. Some of these sectors ar...

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Posted Under: Corporate Law |

FAR Analysis in TP Study

The price charged usually reflects the function that each enterprise performs (taking into account assets used and risk assumed). Comparability analysis of the controlled transaction for the enterprises participating in the controlled transactions provides a basis for characterisation of the controlled transaction to be benchmarked or the...

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Posted Under: Corporate Law |

SEBI (Prohibition of Insider Trading) Regulations, 2015 & Companies Act, 2013

SEBI (Prohibition of Insider Trading) Regulations, 2015 & Companies Act, 2013 – Discussion on provision dealt under Regulations and Act 1. Introduction SEBI ( Prohibition of Insider Trading) Regulations,2015 has come into force with effect from 15th May, 2015 after having been gazetted on 15th January,2015. It replaces the Regualtio...

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Posted Under: Corporate Law |

Consolidated FDI Policy of 2015 – Key changes & Comparative

The Ministry of Commerce & Industry released the consolidated Foreign Direct Investment policy of 2015 effective from May 12, 2015. We list below the key changes. Further, a detailed comparative of changes incorporated in FDI Policy 2015 juxtaposed with the consolidated FDI policy of 2014 is specified in Annexure A. ...

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Posted Under: Corporate Law |

Revised procedure for issue of Pre-Shipment Inspection Certificates

Public Notice No. 12/2015-20 (18/05/2015)

(i) Revised procedure to be followed by Pre-shipment Inspection Agencies (PSIAs) for issue of Pre-Shipment Inspection Certificates (PSICs), with effect from 01.07.2015, has been notified....

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Brief decisions of the ICAI Council

Office was directed to place an item of agenda before next Council meeting in regard to grievance of students unable to complete advance ITT due to non-availability of seats/ infrastructural facilities at branches....

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Posted Under: Corporate Law |

Anti-dumping duty on imports of morpholine

Notification No. 18/2015-Customs (ADD) (18/05/2015)

NOTIFICATION NO. 18/2015-Customs, (ADD), Dated: May 18, 2015 Supersedes notification No. 10/2012- Customs (ADD), dated the 24th January, 2012 so as to withdraw levy of anti-dumping duty on imports of morpholine, originating in or exported from USA and to continue levy of anti-dumping duty on imports of morpholine, originating in or expor...

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Amendment in Shipping Bill (Electronic Declaration) Regulations, 2011

Notification No. 46/2015-Customs (N.T.) (18/05/2015)

NOTIFICATION NO. 46/2015-CUSTOMS (N.T.), Dated: May 18, 2015 In exercise of the powers conferred by section 157 read with section 50 of the Customs Act,1962 (52 0f 1962), the Central Board of Excise and Customs hereby makes following amendment in Shipping Bill (Electronic Declaration) Regulations, 2011 namely:- ...

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Custom mandates new declaration in lieu of SDF form in Shipping Bill

Circular No. 15/2015-Customs Duty (18/05/2015)

CIRCULAR NO. 15/2015-Customs., Dated: May 18, 2015 As per the extant provisions, an exporter is required to submit the SDF form along with Shipping Bills for export of goods. RBI has recently dispensed with the SDF in case of exports taking place through the EDI ports...

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Download All India VAT Ready Reckoner

Please find attached All India VAT Ready Reckoner. It contains the 30 states (including union territory). I believe you will find the same very useful. It may be noted that VAT Act and Rules keeps changing from time to time through notification, circulars, finance act of the state etc. Though utmost care has been taken to reflect most upd...

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