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Choosing a Business Name….Be careful !!

August 13, 2016 4873 Views 0 comment Print

So, by just incorporating a company with no issue it doesn’t mean you have secured your brand name. So it is advisable that entrepreneurs before started brand development programme by investing huge efforts and huge amount get clearance from Registrar of Companies and also from Trade Mark Registry.

FAQs on Customs Bonded Warehouses

August 13, 2016 1987 Views 0 comment Print

Does a DFS operator need to apply for a warehouse licence? Yes. Any person who is running a Duty free Shop should apply for a licence under Section 58A.The licensed premises is to be used for storage of the bonded goods, before they are removed to a Duty Free Shop.

Maternity Benefit Amendment Bill, 2016- An Initiative by Govt!

August 13, 2016 3187 Views 1 comment Print

According to Women and Child Development Minister “Maneka Gandhi” as there are more Nuclear Families, a Mother needs to be present physically with the child for the better nutrition of the child. So, this passed amendment bill will help the Mother to take proper care of the child.

Special Advance Authorization with All Industry Rates of Duty Drawback

August 13, 2016 4090 Views 0 comment Print

To give effect to the Special Advance Authorisation Scheme, the Notification No. 45/2016-Customs dated 13th August, 2016 has been issued providing exemption to fabrics (including interlining) from import duty subject to conditions specified therein

Exemption for import of fabrics under Special Advance Authorization Scheme

August 13, 2016 5026 Views 0 comment Print

That the importer at the time of clearance of the imported fabric executes a bond with such surety or security and in such Form and for such sum as may be specified by the Deputy Commissioner of Customs or Assistant Commissioner of Customs, as the case may be, binding himself to pay on demand an amount equal to the duty leviable

Reg. mandatory warehousing requirements for EOUs, STPIs, EHTPs

August 13, 2016 1303 Views 0 comment Print

Removal of mandatory warehousing requirements for EOUs, STPIs, EHTPs etc. – Amendment in (i) paras 6.06, 6.20 and 6.40 of Hand Book of Procedures(HBP) 2015-2020; and (ii) Appendix 6E, 6G,6H, 6M,5C and ANF 6A, ANF 6B of Appendices and Aayat Niryat Forms of FTP 2015-2020 reg.

Removal of mandatory warehousing requirements for EOUs, STPIs, EHTPs

August 13, 2016 1051 Views 0 comment Print

An EOU engaged in agriculture, animal husbandry, aquaculture, floriculture, horticulture, pisciculture, viticulture, poultry or sericulture may be permitted to remove specified goods in connection with its activities for use outside the premises of the unit.

AIR of drawback for export of garments under SAAS

August 13, 2016 1153 Views 0 comment Print

(i) the heading A and heading B are heading C and heading D, respectively; and (ii) the entries in columns (4), (5), (6) and (7) against the Tariff items in the said Schedule below all Chapters, except Chapter 61 and 62, are NIL, and those in Chapters 61 and 62 are as specified in the Table annexed hereto

Recovery of Black Money-Recent major initiatives

August 12, 2016 1630 Views 0 comment Print

The Government has taken various measures to effectively deal with the issue of black money, particularly black money stashed away abroad. Such measures include policy-level initiatives, more effective enforcement action on the ground, putting in place robust legislative and administrative frameworks

CBDT revises format of Form 3 of Income Declaration Scheme 2016

August 12, 2016 44638 Views 0 comment Print

The declarant is hereby directed to make the payment of sum payable as per column (5) of the above table, as specified below:- (i) an amount not less than twenty-five per cent. of the sum payable on or before 30th day of November, 2016;

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