Certain specified goods such as machinery, apparatus, instruments, cables, components or raw material supplied to specified mega power projects, including the projects with provisional mega power status, were exempted from central excise duty vide entry No. 338 under notification No. 12/2012-Central Excise, dated the 17th March, 2012 (as amended).
Risk Management and Inter-bank Dealings: Revised guidelines relating to participation of a person resident in India and Foreign Portfolio Investor (FPI) in the Exchange Traded Currency Derivatives (ETCD) Market
In view of the above, it is clarified that export of all varieties of onions are permitted for export without any MEP or LC w.e.f. 02.02.2018 till further orders.
While perusing our records, we find many instances wherein individuals either not enrolled themselves as a Member of the Institute after passing the CA Final Examination or have taken membership but their membership currently stands inactive due to non-payment of membership fees
Notification No. 16/2018-Customs (N.T.) 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 appoints officer mentioned in column 5 of the Table below to exercise the powers and discharge duties conferred or imposed on officer mentioned in column (4) of the Table in respect of Show Cause Notice mentioned in column (3) of the table, for the purpose of adjudication of the Show Cause Notice:-
Notification No. 15/2018-Customs (N.T.) 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 appoints officer mentioned in column 5 of the Table below to exercise the powers and discharge duties conferred or imposed on officers mentioned in column (4) of the Table in respect of Show Cause Notice mentioned in column (3) of the table, for the purpose of adjudication of the Show Cause Notice:-
In the wake of the decision of the Bengaluru ITAT, in the case of “The ACIT, Circle-1(2)(1) Bengaluru vs. Shri Dilip Ranjrekar, in ITA No. 858/Bang/2016, dated 10.11.2017, an intriguing question has arisen, as to whether TDS is required to be deducted by the employer company, in the case of an erstwhile employee, who has otherwise rendered a continuous service of five years, on the interest amount earned by such employee, from the date of his cessation of employment, till the date of withdrawal of the accumulated provident fund balance.
The Group will examine the amendments proposed by High Level Committee and formulate its views/comments on these amendments for consideration of the Council at its meeting scheduled to be held from 21st to 24th March, 2018 so that the comments of ICAI can be submitted to Ministry of Corporate Affairs by end of March, 2018.
The dealers file their returns under the MVAT Act 2002 and the CST Act, 1956 for the periods from 1st April 2016 on the new web portal of the Maharashtra Goods and Services Tax Department (MGSTD) viz., www.mahagst.gov.in.
Over the past weeks, the nation has been shocked by the PNB fraud, not only the way it was perpetrated, massive amounts involved (1.8 billion USD) but also the years (since 2011) over which it remained undetected. The fraud has done severe damage to the credibility of the banking system in the country and shaken the confidence of the public.
