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7 tips to choosing the best Car Insurance

August 31, 2016 2911 Views 0 comment Print

Buying a car is a big deal, but then there is something even bigger. It is buying car insurance. It can get quite overwhelming at times,but it is something that needs to be done, without too much delay.  The only thing that one needs to be sure of is that the policy is what will […]

Tax Laws passed by Legislature not open to judicial review – SC

August 31, 2016 2995 Views 0 comment Print

The High Court has dismissed the Writ Petition by the impugned judgment and order dated 2.9.2011. Being dissatisfied with the dismissal of his writ petition the appellant preferred a Review Petition which was also dismissed by the High Court by the impugned judgment and order dated 24.11.2011.

Cabinet approves simplification and liberalisation of FDI Policy, 2016

August 31, 2016 1144 Views 0 comment Print

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post-facto approval for the FDI policy amendments announced by the Government on 20th June, 2016. The FDI policy amendments are meant to liberalise and simplify the FDI policy so as to provide ease of doing business in the country leading to larger FDI inflows contributing to growth of investment, incomes and employment.

Squirrels Teach Best Lessons

August 31, 2016 2851 Views 0 comment Print

Humans are the only species on Earth that claim to possess the sixth sense but behave unintelligently. Might be that they think too much, get trapped in unwanted worries, and end up without enjoying the life. Nature is the best tutor as it throws up an infinite number of methods, tactics, and tricks on how to live happily without the botheration such as greed, enmity, and future.

Single Window Implementation of Risk based selectivity criteria for consignment clearance

August 31, 2016 1417 Views 0 comment Print

In consultation with the PGAs, risk-based selectivity criteria are being introduced into the Risk Management System(RMS), whereby consignments will be referred to PGA(s) for NOC based on risk. Thus, for low-risk consignments, the required NOC by the PGA will be waived.

Activities relating to spectacles, frames & tagging of jewellery does not amount to manufacture– AAR

August 31, 2016 1927 Views 0 comment Print

In the instant case, the applicant has submitted that the tag is applied by them while placing the jewellery in the box to prevent return of counterfeit items. Application does not mention that applicant would affix or emboss brand name on the jewellery. Tagging in this case is not embossing or affixing. Therefore, the activity of tagging of jewellery would not amount to manufacture under Section 2(f) ibid.

Single Window clearance of food consignments by Customs officers

August 31, 2016 760 Views 0 comment Print

In SWIFT, the system automatically refers food-related consignments to the Food Safety & Standards Authority of India (FSSAI) through an EDI linkage established between ICEGATE and the Food Import Clearance System (FICS) operated by FSSAI. This automatic reference of food consignments is done in respect of food imports to those locations where FSSAI has its offices.

Activities intended to protect goods and facilitate inventory management & storage does not amount to manufacture- AAR

August 31, 2016 808 Views 0 comment Print

Applicant is an entity incorporated for undertaking wholesale operations in India. The applicant will enter into vendor procurement contracts to purchase products from the manufacturers hold inventory on its own account and sell the same to retailers industrial users or other wholesalers.

CBDT signs 20 new Unilateral Advance Pricing Agreements

August 31, 2016 2524 Views 0 comment Print

The Central Board of Direct Taxes (CBDT) entered into twenty (20) Unilateral Advance Pricing Agreements (APAs) yesterday and today, i.e., 29th August, 2016 and 30th August, 2016, with Indian taxpayers. Many of these agreements also have a Rollback provision in them.

How to Convert Private Ltd. Company Into LLP

August 31, 2016 6148 Views 0 comment Print

A Private Company desires to convert its status to LLP Form shall foremost decide the designated Partners of the proposed LLP, as only the members can be the Partners of the converted LLP and of these members of the company at least two Partners would be the Designated Partners.. In case of Body Corporate who […]

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