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HS Code, CAS Code & UN Code & relevance to Custom Work

October 25, 2016 35521 Views 2 comments Print

HS Codes (Harmonized System Codes)- The Custom Tariff in most of the countries of the world is based on the Harmonized Commodity Description and Coding System (HS). It is an internationally standardized system of names and numbers for classifying traded products. It has been developed and maintained by the World Customs Organization (WCO).

Brief about Improvised Explosive Devices (IEDs)

October 25, 2016 7285 Views 0 comment Print

An improvised explosive device is basically a homemade bomb and/or destructive device, used by criminals, vandals, terrorists, suicide bombers, and insurgents to intimidate, inflict casualties, destroy property, and destabilize the existing setup or regime in the country.

RBI advised Change of ATM Card Pin & Passwords Periodically

October 25, 2016 2326 Views 0 comment Print

RBI has urged ATM Card holders that it is a good practice to change the PIN and passwords periodically and not to share them with anyone for any reason. It has also cautioned that banks do not ask for card or account details from their customers.

Appearance & Audit under GST Law Domain of Advocates

October 25, 2016 34573 Views 60 comments Print

In conclusion, only person licensed to practice law in India should issue Audit Certificate under GST Law. If such authority for Appearance & audit given to Chartered Accountants, situation may arise that order of assessing authority in proposed GST Law, passed against the audit & representation of Chartered Accountant become in-fructuous, bad in law, null & void,

NSDL Cautions on Fake Calls for collection of PAN Fees

October 25, 2016 4351 Views 2 comments Print

NSDL e-Gov does not make any calls for recovery / collection of amounts for issuance of PAN/processing PAN applications nor does it solicit any bank or credit / debit card details from the applicants over phone or e-mail.

Draft rules of valuation of FMV in respect of Trust or institution

October 25, 2016 3235 Views 0 comment Print

Draft Rules for prescribing the method of valuation of fair market value in respect of the trust or the institution ceases to exist as charitable organization or converts into a non-charitable organization.

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Twelfth Amendment) Regulations, 2016

October 25, 2016 3466 Views 0 comment Print

(i) These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Twelfth Amendment) Regulations, 2016.

Corrigendum to Public Notice No. 38/(2015-2020) dated 06.10.2016

October 25, 2016 6958 Views 0 comment Print

The wordings HMS – I & HMS – II as appearing in Public Notice No.38/ (2015-2020) dated 6th October, 2016 are replaced by cur-shredded Metallic Waste and Scrap.

Amendment in Rules of Appointment of AAR Chairman & Vice-Chairman

October 25, 2016 1957 Views 0 comment Print

Selection Committee.- (1) The Chairman and Vice-Chairman of the Authority shall be appointed by the Central Government from a panel of names recommended by a Selection Committee consisting of the following members,

Amendment in FDI Policy on Other Financial Services

October 25, 2016 1702 Views 0 comment Print

Foreign investment in ‘Other Financial Services’ activities shall be subject to conditionalities, including minimum capitalization norms, as specified by the concerned Regulator/Government Agency.

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