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Archive: 15 March 2017

Posts in 15 March 2017

Procedure to verify Customs OOC, DO, Container No, seal No. etc

March 15, 2017 19983 Views 0 comment Print

Procedure for Verification of Customs Out of Charge (OOC), Delivery Order (DO), Container No, seal No & condition of seal by Customs, CFS & Port Terminal, responsibilities

Admin charges payable by employer on EPF wef 01.04.2017

March 15, 2017 13647 Views 2 comments Print

CG fixes administrative charges payable by the employer for the purposes Employee Provident Fund Scheme with effect from 1st April, 2017 at 0.65 per cent (zero point six five per cent.) of the pay as referred to in said paragraphs subject to a minimum sum of seventy-five rupees per month for every non-functional establishment having no contributory member and five hundred rupees per month per establishment for other establishments.

ICAI added 5 new cities where CPT exam will be held in June 2017

March 15, 2017 648 Views 0 comment Print

It is notified for general information that Burhanpur, Chhindwara & Rewa (in the state of Madhya Pradesh) and Bhiwandi, Ichalkaranji (in the state of Maharashtra) are added to the list of cities where the Common Proficiency Test (CPT) is scheduled to be held on 18th June, 2017

CBEC clarifies on classification of ‘Saree’ under CETA, 1985

March 15, 2017 2526 Views 0 comment Print

Whether the goods described as ‘Saree’ which has undergone further processing such as embroidery, stitching of lace and tikki etc. and stitched with two or more kinds of fabrics is classifiable as Saree under Chapter 54 or as made-ups under Chapter 63 of the Central Excise Tariff Act, 1985.

Provisional assessment on imports of Phosphoric Acid-Technical & Food Grade

March 15, 2017 651 Views 0 comment Print

Seeks to order provisional assessment on imports of Phosphoric Acid-Technical Grade and Food Grade (including Industrial Grade), originating in or exported from People’s Republic of China by M/s. Guangxi Quinzhou Capital Success Chemical Co. Ltd. (producer or exporter) into India till the finalization of New Shipper Review initiated by DGAD, vide notification No.15/5/2016 – DGAD, dated 09.02.2017

Notification No. 21/2017-Custom (N.T.), Dated: 15.03.2017

March 15, 2017 1188 Views 0 comment Print

Tariff Notification Notification No. 21/2017-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

Invite to contribute to Question Bank on Information System Audit

March 15, 2017 1158 Views 0 comment Print

Information Systems Audit is a post qualification course meant for the members of the Institute. Members who are registered for the course are required to appear and pass ISA-Eligibility Test and those who qualify thereon are required to appear and pass the ISA-Assessment Test(ISA-AT).

Non Contractual/ gratuitous Compensation to family of deceased employee allowable

March 15, 2017 2283 Views 0 comment Print

DCIT Vs Adsun Offshore Diving Contractors Pvt. Ltd. (ITAT Mumbai) Given facts of the present case that whatever test may be applied in deciding whether any expenditure is allowable as a deduction under section 37, the essential requirement must in every case be as to whether the expenditure was either in reality or as a […]

VAT Implementation in UAE

March 15, 2017 3240 Views 1 comment Print

VAT is expected to be introduced IN UAE at a rate of 5% on 1 January 2018, with some limited exceptions including basic food items, healthcare and education.

SEBI releases updated format of draft offer letter under takeover code

March 15, 2017 1305 Views 0 comment Print

It has been decided, in consultation with market participants, to revise the time period for which information is required to be filed with SEBI, in line with the provisions relating to maintenance of records under the Companies Act, 2013. The format and instructions prescribed vide aforementioned Circular shall stand modified as given at

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