RBI today released draft guidelines of Simplified Hedging Facility for Residents and Non-Residents which permits dynamic hedging of currency risk and simplifies the procedure involved in booking hedge contracts.
As announced in the First Bi-monthly Monetary Policy Statement for 2017-18, it has been decided to allow substitution of collateral (security) by the market participants during the tenor of the term repos conducted by Reserve Bank of India under the Liquidity Adjustment Facility, from April 17, 2017.
Disclosure of information in the application for settlement of cases.–The Settlement Commission shall, while calling for a report from the Commissioner of Central Excise under sub-section (3) of section 32F, forward a copy of the application referred to in sub-rule (1) of rule 2, or sub-rule (1A) as the case may be, to the Commissioner of Central Excise along with the annexure and the statements and other documents accompanying such annexure to the application.
Court is of the considered opinion that there is no willful suppression of facts to evade tax on the part of the petitioner and it was bona fide on the part of the petitioner, it was not deliberate and in absence of finding relating to mensrea recorded by the Settlement Commission, the penalty imposed upon the petitioner under Section 78 of the Finance Act, 1994 deserves to be quashed.
The great Robert Noyce once said, At the heart of what is possible is innovation and imagination. Since I came back to India, I have been even more fascinated by the statement and how aptly it summed up the situation in the country.
CA Pragya Singh Introduction: The Government is fast moving on the tract of implementing GST from 1st July 2017. The latest step in the direction being the passage of the four legislations; CGST, IGST, UTGST and States Compensation bill by the Lok Sabha and the Rajya Sabha. This makes even more important for businesses and […]
CBEC notifies form and rules for application for settlement of a case of Any Person under sub-section (5) of section 32E of Excise Act, made applicable to service tax vide section 83 of the Finance Act, 1994 (32 of 1994)
Online reviews help us decide where/what to eat, to watch, to buy, to sell. They became an integral part of who we are as a consumer and a business owner. This Infographic shows how consumers read and use online review sites in numbers. Source- https://websitebuilder.org
Specification For Empanelment Of Chartered Accoutant Firms/Cost And Management Accountant Firms For Assignment Of Internal Audit Of Works Accounts with Punjab State Power Corporation Limited
Enclosed please find herewith a letter alongwith terms and conditions for appointment of Chartered Accountant firm in Delhi Building & Other Construction Worker Welfare Board.
