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Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Second (Amendment) Rules, 2016

July 14, 2016 20411 Views 0 comment Print

These rules shall also apply mutatis mutandis to a service provider and any reference to the expressions manufacture, manufacturer, excise duty and factory in these rules shall be construed as service, service provider, service tax and registered premises respectively of a service provider referred to in chapter V of the Finance Act, 1994 (32 of 1994) and the rules made thereunder.

Anti-dumping on imports of Plain Medium Density Fibre Board (MDF

July 14, 2016 22822 Views 0 comment Print

Seeks to impose definitive anti-dumping of all imports of Plain Medium Density Fibre Board (MDF) having thickness of 6mm and above, originating in or exported from Indonesia and Vietnam.

Reg. Anti-dumping duty on Phenol- Change in Exporter Names

July 14, 2016 19209 Views 0 comment Print

Central Government hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 6/2016-Customs (ADD), dated the 8th March, 2016, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.284(E), dated the 8th March, 2016, namely:-

Reg. Anti Dumping Duty on Embroidered yarn or thread

July 14, 2016 20519 Views 0 comment Print

Embroidered yarn or thread is a yarn that is manufactured or hand spun specifically for embroidery and other forms of needlework. It is a finished product wound on support which is ready to use for embroidery applications. Embroidery Yarn is produced by the process of dying, reeling, twisting, hanking or core winding, finished product quality checking, grading and packing of raw yarn

Notification No. 99/2016- Customs (N.T.) dated: 14.07.2016

July 14, 2016 20400 Views 0 comment Print

Appointment of Common Adjudicating Authority Government of India Ministry of Finance Department of Revenue Notification No. 99/2016- Customs (N.T.) New Delhi, dated the 14th July, 2016 S.O. (E). -In exercise of powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of Customs Act, 1962 (52 of 1962), the Central Board […]

Winding up of Company: an overview

July 13, 2016 98833 Views 0 comment Print

Winding up is a process by means of which the affairs of a company are wound up in a manner to dissolve the company and put an end to the life of a Company. In the process of winding up, the company’s assets and properties are administered for the benefit of the members and creditors of the Company. The administrator, called liquidator, realises its assets, pays its debts and finally distributes the surplus, if any, among the members/creditors, in accordance with their right as provided in the article of the Company.

Analysis of SEBI / MCA Circular on Financial Results & Ind-AS

July 13, 2016 23986 Views 0 comment Print

Ministry of Corporate Affairs (MCA) vide notification no. G.S.R. 111(E) dated February 16, 2015 had issued the Companies (Indian Accounting Standards) Rules, 2015. Pursuant to this Rules, the Company and their Statutory Auditor(s) shall comply with the Indian Accounting Standards (Ind AS) in preparation of their Financial Statements and the Audit respectively, in the following manner, namely:-

5 credit tips if you are joining the entrepreneur bandwagon

July 13, 2016 22156 Views 0 comment Print

Entrepreneurship is a dream that many young people in India harbour these days. Recognising the need to support the new wave of entrepreneurship there are many programmes, incubators and contests that serve as a launch pad for many a young entrepreneur who is offering a unique service or product.

Stepwise procedure of e-filling of ITR, important updates & FAQs

July 13, 2016 32192 Views 0 comment Print

Following are the advantage of E-Filling:- Faster Turn Around Time: By eliminating mailing, handling, and keying in of returns, they are now processed more quickly and retrieved rapidly.

Depreciation cum Asset Management Utility/Calculator

July 13, 2016 30935 Views 3 comments Print

Some Key Features of Depreciation cum Asset Management Utility in Excel Format are as follows:- Line wise SLM and WDV Depreciation, as per Companies Act 2013, Calculation of Depreciation under the Income Tax Act, Ready made Schedules for Balance Sheet and P&L, Calculates Depreciation for any number of Years in the future. Conversion from Old Companies Act 1956 and charge to Retained Earnings. Calculation of Extra shift charge of Depreciation, Users can customize the Useful life, and can change […]

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