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Anti-dumping duty on imports of PVC Flex Film from China

August 8, 2016 27969 Views 0 comment Print

Seeks to impose anti-dumping duty on the imports of PVC Flex Film originating in or exported from the People s Republic of China for a period of five years

Notification No. 41/2016-Customs (ADD) Dated: 08.08.2016

August 8, 2016 28616 Views 0 comment Print

Seeks to finalize the provisional assessments in respect of imports of PVC Flex Film, originating in or exported from China PR by M/s Haining Tianfu Warp Knitting Co. Ltd., People’s Republic of China (Producer) and M/s Manna, Korea RP (Exporter), at rate of anti-dumping duty imposed vide Notification No. 82/2011-Customs (ADD) dated 25th August, 2011 […]

Anti-dumping duty on imports of MBTS [Dibenzothiazole disulphide]

August 8, 2016 23327 Views 0 comment Print

Seeks to extend the levy of anti-dumping duty on imports of certain Rubber Chemicals, namely MBTS [Dibenzothiazole disulphide] originating in, or exported from, People’s Republic of China, (imposed vide notification No. 98/2011-Customs, dated 20th October, 2011) for a period of one year i.e. upto and inclusive of the 19th October, 2017.

Anti-dumping duty on imports of Sodium Nitrite from China

August 8, 2016 24535 Views 0 comment Print

3. Notwithstanding anything contained in paragraph 2, this notification shall remain in force up to and inclusive of the 16th day of August, 2017, unless revoked earlier.

Salient features of Merchandise Export from India Scheme (MEIS)

August 8, 2016 26197 Views 0 comment Print

The Government of India has introduced Merchandise Exports from India Scheme (MEIS) through the Foreign Trade Policy (FTP) 2015-20 w.e.f. April 1, 2015. It seeks to promote export of notified goods manufactured/ produced in India.

Corporate Social Responsibility – An Insight

August 8, 2016 27123 Views 0 comment Print

While there may be no single universally accepted definition of Corporate Social Responsibility (CSR), each definition that currently exists underpins the impact that businesses have on society at large and the societal expectations of them. Although the roots of CSR lie in philanthropic activities

IND AS 23: Borrowing Cost with regards to Forex Gain/Loss

August 8, 2016 49785 Views 4 comments Print

(i) The adjustment should be of an amount which is equivalent to the extent to which the exchange loss does not exceed the difference between the cost of borrowing in functional currency when compared to the cost of borrowing in a foreign currency.

Draft Guidance Note on Combined Financial Statements

August 8, 2016 24634 Views 0 comment Print

Consolidated Financial Statements of an entity are prepared for a group as defined in Ind AS 110, Consolidated Financial Statements. There may be some occasions where preparation of Consolidated Financial Statements would not be appropriate because of absence of control, e.g., in group loan arrangements, take-overs, demergers, spin-offs and initial public offerings, etc.

Definition of Business & Accounting for Previously held interests

August 8, 2016 23799 Views 0 comment Print

Exposure Draft issued by the International Accounting Standards Board (IASB) on Definition of a business and accounting for previously held interests (proposed amendments to IFRS 3 Business Combinations and IFRS 11 Joint Arrangements), is for comment only.

Draft on amendment in Ind AS 102, Share Based Payments

August 8, 2016 24675 Views 0 comment Print

Exposure Draft of amendments to Ind AS 102, Share Based payments has been issued by the Accounting Standards Board of the ICAI, for public comments with last date as September 05, 2016, clarifying how to account for certain types of share-based payment transactions. The amendments, which provide requirements on the accounting for the following:

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