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Archive: 14 June 2016

Posts in 14 June 2016

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 18, 2024 4407 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 18, 2024 3885 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

Reg. Request for Expedited Examination of Patent Application

June 14, 2016 409 Views 0 comment Print

The Patents (Amendments) Rules, 2016 have come into force w.e.f. 16th May, 2016. In this regard the stakeholders and general public are hereby informed that in terms of provisions of sub-rule (13) of Rule 24C relating to expedited examination of applications, the number of requests for expedited examination to be received by the Patent Office on or before 31st December, 2016 has been limited to 1000 requests.

Notification No. 85/2016-Customs (N.T.) Dated 14.06.2016

June 14, 2016 1660 Views 0 comment Print

Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 85/2016-Customs (N. T.) New Delhi, 14th June, 2016 S.O. 2100(E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being  […]

Notification No. 25/2016–Central Excise Dated 14.06.2016

June 14, 2016 3763 Views 0 comment Print

the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957) the Central Government on 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)

Notification No. 24/2016–Central Excise Dated 14.06.2016

June 14, 2016 2749 Views 0 comment Print

Central Government on 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. 214/86-Central Excises, dated the 25th March, 1986, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 547(E), dated the 27th March, 1986, namely:-

Notification No. 84/2016-Customs (N.T.) Dated 14.06.2016

June 14, 2016 1498 Views 0 comment Print

F No.437/22/2016-Cus-IV Government of India Ministry of Finance Department of Revenue Notification No. 84/2016-Customs (N.T.) New Delhi, dated 14th June, 2016 In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby […]

Finmin releases Draft Model GST Law 2016

June 14, 2016 14650 Views 0 comment Print

The Empowered committee of State Finance Ministers has today released the much awaited model GST law June, 2016 for public debate. The new law has two Acts:-1. Goods and Services Tax Act’ 2016 2. Integrated Goods and Services Tax Act’ 2016

S.56 No Tax on Startup Shares issued about FMV: CBDT

June 14, 2016 6460 Views 0 comment Print

Central Government, hereby notifies the ‘classes of persons’ for the purposes of section 56(2)(viib)(ii) as being the ‘person’ defined under sub-section (31) of section 2 of the said Act, being resident, who make any consideration exceeding the face value for issues of shares of a ‘startup’ company.

ICAI dispenses GMCS-I by merging with Orientation Course

June 14, 2016 6022 Views 4 comments Print

Dispensation of GMCS-I by merging its syllabus with Orientation Course for 15 days (90 hours) – (14-06-2016) The Council has decided to dispense with the General Management and Communication Skills (GMCS) – I Course and merge its syllabus with Orientation Programme. Hence forthwith, it will be known as Orientation Course. Accordingly, it has been decided […]

Directions with regard to proper utilization of public funds by Government officials and Departments issued qua Chhattisgarh Store Purchase Rules, 2002 as amended in 2004

June 14, 2016 729 Views 0 comment Print

The interesting question which arises in this petition is, “Whether the Municipal Corporations are bound to purchase items mentioned in Schedule – 1 attached to the Chhattisgarh Store Purchase Rules, 2002 (as amended in 2004) (henceforth ‘the Rules’) only from the companies approved by the Chhattisgarh State Industrial Development Corporation (henceforth ‘the CSIDC’) at the rates approved by the CSIDC”.

Consolidated FDI Policy- a comparative analysis

June 14, 2016 4519 Views 0 comment Print

Like every year, the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry had released the Consolidated Foreign Direct Investment Policy Circular, 2016 (FDI Policy 2016) which took effect from June 7, 2016. Several amendments were made in various sectors vide Press Note No. 12 dated November 24, 2015. FDI Policy 2016 consolidates the amendments made vide press notes issued during the year as well as introduces few additional amendments

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