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ICAI Online Membership Fees Payment facility for CAs

March 31, 2016 44760 Views 15 comments Print

Dear Member, Greetings from ICAI! We take the opportunity to request you to renew your membership for the year 2016-17 with the Institute by remitting the annual membership/certificate of practice fees, which become due for payment on 1st April, 2016 and need to be paid on or before 30th September, 2016. We appreciate the importance […]

105 FAQs on Excise Duty on Jewellery

March 31, 2016 32497 Views 0 comment Print

For ease of understanding, the concepts of levy, valuation, payment, exemption, registration, invoicing, return etc. have been explained in the form of frequently asked questions (FAQs). This publication will act as a guide for all the stakeholders of jewellery industry

Long Term Gold Monetization Scheme deposits redemption as gold

March 31, 2016 694 Views 0 comment Print

In the case of MLTGD, the redemption of principal at maturity shall, at the option of the depositor, be either in Indian Rupee equivalent of the value of deposited gold at the time of redemption, or in gold. Where the redemption of the deposit is in gold, an administrative charge at a rate of 0.2% of the notional redemption amount in terms of INR shall be collected from the depositor.

Customs Duty on goods imported from Japan reduced

March 31, 2016 2308 Views 0 comment Print

The principal notification No. 69/2011-Customs, dated the 29th July, 2011, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 593(E), dated the 29th July, 2011 and was last amended vide

Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) Regulations, 2016

March 31, 2016 4180 Views 0 comment Print

Prohibition against opening a branch office or a liaison office or a project office or any other place of business in India-No person resident outside India shall without prior approval of the Reserve Bank open in India a branch office or a liaison office or a project office or any other place of business by whatever name called except as laid down in these Regulations.

Notification No. 44/2016-Customs (N.T.) Dated: 31st March, 2016

March 31, 2016 3046 Views 0 comment Print

S.O. 1269(E). In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001

Notification No. 43/2016-Customs (N.T.) Dated-31st March, 2016

March 31, 2016 5956 Views 0 comment Print

Passenger arriving from countries other than Nepal, Bhutan or Myanmar.-An Indian resident or a foreigner residing in India or a tourist of Indian origin, not being an infant arriving from any country other than Nepal, Bhutan or Myanmar, shall be allowed clearance free of duty articles in his bona fide baggage, that is to say, –

Mediation in cases pending before Registrar of Trade Mark, Delhi

March 31, 2016 853 Views 0 comment Print

In view of the pendency of Opposition/Rectification matters at Trade Mark Registry, Delhi, the office of Controller General of Patents, Designs & Trade Marks (CGPDTM) in collaboration with Delhi State Legal Service Authority (DSLSA) has undertaken to initiate a project to liquidate such pendency through Mediation /Conciliation based on Mediation/Conciliation Rules framed under the Legal Services Authorities Act, 1987, which are available at the website of DSLSA. (www.dslsa.org).

Customs Duty on goods imported under Transfer of Residence

March 31, 2016 4420 Views 0 comment Print

(a) any person holding a valid passport issued under the Passports Act, 1967 (15 of 1967) and returning to India after having stayed abroad for at least 365 days during the two years immediately preceding the date of arrival in India, or (b) any person on a bona fide transfer of residence to India as part of his bona fide baggage,-

Effective Rate of Custom Duty on Baggage

March 31, 2016 12823 Views 0 comment Print

Where the value of any one article exceeds the duty free allowance admissible to such passenger or member under the Baggage Rules, 2016, the amount of duty shall be calculated only on the value in excess of the duty free allowance so admissible to the extent not availed of by such passenger or member for clearing any other article of baggage, if any.

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