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Archive: 16 May 2017

Posts in 16 May 2017

ICAI Constitute Group related to all issues of Bank Audit

May 16, 2017 831 Views 0 comment Print

The President, in terms of the authority given to him by the Council at its 363rd meeting held on 12th February, 2017, has constituted a Group related to all issues of Bank Audit including reduction in Statutory Central Auditors (SCAs), cooling period, distribution of bank branch audit as well as previous report of CA. Tarun J. Ghia on “Equitable Audit allotments and mechanism to Control Tendering System”, with the following composition

A big turn-around in India’s Power Sector

May 16, 2017 1005 Views 0 comment Print

India’s power sector that was marred by continuous shortages and lack of quality and steady supplies to homes and factories has seen an unprecedented turnaround in the past three years. Today the country boasts of a situation where surplus power to the tune of 3000- 4000 mw is available on real time basis at any time of the day to states and distribution companies and at affordable rates on the power exchange.

Procedure in respect of objections raised in DPD/RMS facilitation centre

May 16, 2017 867 Views 0 comment Print

Attention of all the staff members is invited to various measures taken for facilitation of trade and for reduction of cost to the importer in the spirit of ‘Ease of doing Business’ and to reduce dwell time in clearance of the imported consignments.

Modification in procedure for clearance of Waste Paper

May 16, 2017 939 Views 0 comment Print

A detailed procedure for clearance of Waste Paper will be as under: (i) At the time of assessment, the Group Officer will give DPD instruction instead of Examination Order.

Changes in recommendations of 7th Central Pay Commission

May 16, 2017 1104 Views 0 comment Print

Government has considered it necessary to make the following changes in the recommendations of the said Seventh Central Pay Commission in respect of the said categories of employees, namely:—

Notification No. 8/2017- Central Excise Dated: 16.05.2017

May 16, 2017 3093 Views 0 comment Print

seeks to amend notification no. 12/2012-Central Excise dated 17.03.2012 extending the time period for furnishing the final Mega power project certificate from 60 months to 120 months and extending the period of validity of security in the form of Fixed Deposit Receipt or Bank Guarantee from 66 months to 126 months, in case of provisional mega power projects.

Notification No. 48/2017 – Customs (N.T.) Dated: 16.05.2017

May 16, 2017 1098 Views 0 comment Print

Seeks to amend the Customs notification No. 84/2007-Customs (N.T.) dated 17th August, 2007 to give effect to the amendments to Rules of Origin of India-Chile PTA

Social and Financial Inclusion: Initiatives undertaken by NDA Govt

May 16, 2017 984 Views 0 comment Print

Over the last three years, we have witnessed a fundamental shift in the narrative of social justice for the marginalized. The focus has moved from the politics of welfarism and entitlement to a more participatory model of empowerment. By all means, the Government of India (GoI) is effectively exploring multiple facets of empowerment for the socially deprived sections of the society.

Notification on revised MVAT Rate on Petrol / Diesel wef 17.05.2017

May 16, 2017 1149 Views 0 comment Print

Government of Maharashtra, hereby amends SCHEDULE ‘D’ appended to the said Act, with effect from the 17th May, 2017, as follows, namely :—

Export Policy of Fertilizers, Updation of List of Manufactures

May 16, 2017 1593 Views 0 comment Print

S.O.(E) In exercise of the powers conferred by Section 3 of the Foreign Traci( (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended, read with paragraph 1.02 and 2.01 01 the Foreign Trade Policy (FTP), 2015-2020, the Central Government hereby makes the amendments with immediate effect in List `A’, ‘B’ and ‘C’ below Note 1 under Export Licensing Note of Chapter 31 of ITC(HS) Classification – Schedule 2 (Export Policy)

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