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Archive: February, 2016

Posts in February, 2016

Amends Safe Harbour Rules for Specified Domestic Transactions

February 17, 2016 5300 Views 0 comment Print

Provided further that in respect of eligible specified domestic transactions, other than the transaction referred to in clause (iv) of rule 10 THB, undertaken during the previous year relevant to the assessment year beginning on the 1st day of April, 2013 or beginning on the 1st day of April, 2014 or beginning on the 1st day of April, 2015, Form 3CEFB may be furnished by the assessee on or before the 31st day of March, 2016

Charges having no nexus with import not includible in AV of imported goods

February 17, 2016 1888 Views 0 comment Print

The Appellant imported machinery i.e. Schwing mobile concrete pump placers from their related supplier. Though both the foreign supplier and the Appellant are related, as per the O-I-O of the Deputy Commissioner of Customs (SVB) dated December 22, 2000

Draft Companies (Incorporation) Second Amendment Rules 2016

February 17, 2016 1466 Views 0 comment Print

The draft Companies COMPANIES (Incorporation) Second AMENDMENT RULES 2016 i.e. conversion of unlimited liability company into limited liability company has been placed on the Ministry’s website at www.mca.gov.in. It has been decided to invite suggestions/comments on the above draft.

Draft Companies Authorised to Registered Amendment Rules 2016

February 17, 2016 963 Views 0 comment Print

The draft Companies (Authorised to Registered) Amendment Rules, 2016 has been placed on the Ministry’s website at www.mca.gov.in. It has been decided to invite suggestions/comments on the above draft.

Online Subscriber Registration and contribution under NPS

February 17, 2016 1379 Views 0 comment Print

PFRDA introduced eNPS online portal whereby PAN (Permanent Account Number) and savings bank account of new subscribers to NPS who are already customers of the banks are accepted as KYC with active participation of the banks acting as POPs for opening of accounts under NPS.

Notification No. 10/2016-Customs Dated: 17th February, 2016

February 17, 2016 1296 Views 0 comment Print

Notification No. 10/2016-Customs Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 12/2012-Customs, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 185(E), dated the 17th March, 2012, namely:-

Comply revised Import Policy Condition of Iron and Steel: CBEC

February 17, 2016 856 Views 0 comment Print

Instruction No. 10/2016 Kind reference is invited to Notification No. 38/2015-2020 dated the 5th February, 2016 issued by Directorate General of Foreign Trade. The said Notification has amended the Import Policy Condition against 173 HS Codes under Chapter 72 of ITC (HS), 2012- Schedule-I (Import Policy) as per Annex to the notification and subject to conditions prescribed there under.

Guide for power Generation, Transmission & Distribution in SEZs

February 16, 2016 3128 Views 0 comment Print

Power Guidelines for power Generation, Transmission and Distribution in Special Economic Zones (SEZs) were issued on 27th February, 2009 and subsequently replaced by the guidelines issued on 21st March, 2012.These guidelines were further reviewed and guidelines dated 21st March, 2012 were withdrawn vide letter dated 6th April, 2015.

Draft Companies (Indian AS) Amendment Rules, 2016

February 16, 2016 1632 Views 0 comment Print

1. The draft Companies (Indian Accounting Standards) Amendment Rules, 2016 has been placed on the Ministry’s website at www.mca.gov.in. It has been decided to invite suggestions/comments on the above draft.

Draft Companies (Accounting Standards) amendment rules 2016

February 16, 2016 1975 Views 0 comment Print

The draft Companies (Accounting Standards) Amendment Rules, 2016 has been placed on the Ministry’s website at www.mca.gov.in. It has been decided to invite suggestions/comments on the above draft.

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