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Archive: 12 January 2016

Posts in 12 January 2016

Notification No. 07/2016-Customs (N.T.) Dated: 12/01/2016

January 12, 2016 814 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 and sub­section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Additional Director General

Notification No. 06/2016-Customs (N.T.) Dated: 12/01/2016

January 12, 2016 742 Views 0 comment Print

the Principal Commissioner of Customs, Air Cargo Complex (Import), New Custom House, Near I GI Airport, New Delhi-110037,

Notification No. 05/2016-Customs (N.T.) Dated: 12/01/2016

January 12, 2016 1936 Views 0 comment Print

the Principal Commissioner of Customs, Nhava Sheva-I, Mumbai Zone-II, Jawaharlal Nehru Custom House, Nhava Sheva, Dist. Raigad – 400707;

Notification No. 04/2016-Customs (N.T.) Dated: 12/01/2016

January 12, 2016 856 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 and sub­section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs,

Quantity discount deductible in determination of assessable value

January 12, 2016 3982 Views 0 comment Print

It was held that when goods are cleared to the customers at a discount, the assessable value for the purpose of assessment should be the value arrived at after giving the quantity discount and not the value at which the goods were cleared from factory to depot.

23 FAQs on Corporate Social Responsibility U/s. 135 of Companies Act, 2013

January 12, 2016 12237 Views 0 comment Print

Section 135 of the Companies Act, 2013, Schedule VII of the Act and Companies CSR Policy Rules, 2014 read with General Circular dated 18.06.2014 issued by the Ministry of Corporate Affairs, provide the broad contour within which eligible Companies are required to formulate their CSR policies including activities to be undertaken and implement the same in the right earnest.

FEMA: Current and Capital Account Transactions and release of Foreign Exchange

January 12, 2016 128064 Views 3 comments Print

FOREIGN EXCHANGE MANAGEMENT ACT- Current and Capital Account Transactions and release of Foreign Exchange- As Amended by the Finance Act, 2015. A Current Account Transaction has been defined as a Transaction other than Capital Account Transactions, means all transaction which do not alter assets or liability outside India of resident or assets or liability in India of Non Resident treated as Current Account Transactions and without prejudice to the generality of the foregoing such transaction includes,

ICAI constitutes Group to look into definition of Accountant and other services a CA can render

January 12, 2016 1277 Views 0 comment Print

Arising out of discussion on the Opening Remarks of the President, the Council at its 348th meeting held on 10th and 11th December, 2015 at New Delhi had authorized the President to constitute a Group to look into the definition of `Accountant’ and other services a CA can render. Accordingly, the President, in terms of the authority conferred to him by the Council, has constituted the said Group with the following composition:-

Result dates for CA Final Nov,15 and CPT Dec 15 announced

January 12, 2016 2282 Views 0 comment Print

The result of the Chartered Accountants Final Examination held in November, 2015 and Common Proficiency Test (CPT) held in December, 2015 are likely to be declared on Sunday, the 17th January, 2016 around 2.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto the maximum of 50th Rank in the case of Final Examination in accordance with the decision of the Examination Committee) on all India basis will be available on the following website:

An Economic Analysis of 2015: Part 2

January 12, 2016 723 Views 0 comment Print

First we would like to express our sincere gratitude to all of you for reading & liking the first part of ‘An Economic Analysis of 2015’. In the part 1 of the article we have covered some of the most crucial and significant economic indicators and how they perform in 2015. The indicators we covered were: 1. GDP of the Country in 2015 2. FDI in the Country in the country during 2015 3. Forex Reserves of India during 2015 4. Inflation during 2015 5. Exports position of the country during 2015.

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