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Archive: 26 July 2016

Posts in 26 July 2016

CBEC prescribes 1% excise duty on jewellery

July 26, 2016 27034 Views 0 comment Print

An article of jewellery or part of article of jewellery or both, produced or manufactured from an alloy (including a sintered mixture and an inter-metallic compound) containing precious metal may be treated as an article of jewellery or part of article of jewellery or both of a precious metal, if any one precious metal constitutes as much as 2% by weight of the article of jewellery or part of article of jewellery or both (excluding the weight of the precious or semi-precious stones, mounted or set), in accordance to the following :

Export of Potatoes permitted subject to MEP of US$ 360 per MT

July 26, 2016 20190 Views 0 comment Print

With immediate effect, the table in respect of Sl. No. 50A inserted vide Notification No. 85(RE-2013)/2009-2014 dated 26th June, 2014 relating to export of potato as amended vide Notification No. 112 (RE-2013)2009-2014 dated 20.02.2015, is substituted as follows:

Anti-dumping duty on imports of Rubber Chemicals, namely PX13 & TDQ

July 26, 2016 19614 Views 0 comment Print

Seeks to amend notification No.67/2011-Customs dated the 26th July, 2011 so as to to extend the levy of anti-dumping duty on imports of certain Rubber Chemicals, namely PX13 and TDQ originating in, or exported from, European Union and MOR originating in, or exported from, People’s Republic of China, (imposed vide notification No. 67/2011-Customs, dated 28th July, 2011) for a period of one year i.e. upto and inclusive of the 27th July, 2017.

Schedule of CA CPT Exam to be held in December 2016

July 26, 2016 21292 Views 0 comment Print

Council of the Institute of Chartered Accountants of India is pleased to notify that the Common Proficiency Test will be held on Sunday, 18th December, 2016 in two sessions as below, at the following centres provided that sufficient number of candidates offer themselves to appear from each centre.

Provision Relating to Combination under Competition Act, 2002

July 26, 2016 42493 Views 0 comment Print

Broadly, combination under the Act means acquisition of control, shares, voting rights or assets, acquisition of control by a person over an enterprise where such person has direct or indirect control over another enterprise engaged in competing businesses, and mergers and amalgamations between or amongst enterprises when the combining parties exceed the thresholds set in the Act.

Leniency Programme under Competition Act, 2002

July 26, 2016 23209 Views 1 comment Print

Leniency programme is a type of whistle-blower protection, i.e. an official system of offering lenient treatment to a cartel member who reports to the Commission about the cartel.

Brief description of land mentioned and plan was made part of notification making it available for inspection; notification u/S 3A of NH Auth. Act fulfills requirement of law.

July 26, 2016 2145 Views 0 comment Print

Brief description of land mentioned and plan was made part of notification making it available for inspection; notification u/S 3A of NH Auth. Act fulfills requirement of law Since all the petitions involve common question of law and common facts, they are being disposed of by this common order. 2. Petitioners are land holders whose […]

Customs Assessment of Bulk Liquid Cargo – regarding

July 26, 2016 23030 Views 0 comment Print

In case of all bulk liquid cargo imports, whether for home consumption or for warehousing, the shore tank receipt quantity i.e., dip measurement in tanks on shore into which such cargo is pumped from the tanker, should be taken as the basis for levy of Customs Duty irrespective of whether Customs Duty is leviable at a specific rate or ad-valorem basis [including cases where tariff value is fixed under Section 14(2) of the Customs Act, 1962].

Central Bank Independence Necessary for Stable Sustainable Growth: RBI Governor

July 26, 2016 19332 Views 0 comment Print

Date : Jul 26, 2016 “Criticism of the central bank using arguments unsupported by evidence is widespread. The Bank of England was criticized for laying out the economic costs of Brexit, the ECB has been criticized for doing too much to restore health to troubled peripheral economy financial sectors, and the Fed is under fire […]

Insolvency and Bankruptcy Board of India (Terms and Conditions of Chairperson and Members) Rules 2016

July 26, 2016 20620 Views 0 comment Print

Terms and Conditions of Service of Chairperson and Members :– i. The Chairperson or the Whole Time Member shall be a person who does not, and will not, have any such financial or other interests as are likely to affect prejudicially his functions as such Chairperson or Member.

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