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Rate of exchange of conversion of the foreign currency with effect from 2nd October, 2015

October 1, 2015 874 Views 0 comment Print

Notification No. 97/2015 – Customs (N.T.) Central Board of Excise & Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 2nd October, 2015, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

Enlistment under Appendix 2E – Agencies Authorized to issue Certificate of Origin – (Non-Preferential)

October 1, 2015 546 Views 0 comment Print

Accordingly, name of the above agency is added at Serial No.13 (Delhi) of Appendix 2E [List of Agencies Authorized to issue Certificate of Origin (Non-Preferential) to Appendices & Aayaat Niryat Forms of FTP.

Export promotion responsibility for Sesame seed & Niger seed shifted to IOPEPC

October 1, 2015 657 Views 0 comment Print

The export promotion responsibility for Sesame seed and Niger seed is being shifted from Shellac and Forest Products Export Promotion Council (SHEFEXIL) to Indian Oilseeds and Produce Export Promotion Council (IOPEPC).

Empanelment of Checkers for November 2015 CA examinations

October 1, 2015 2591 Views 0 comment Print

Empanelment of members for the assignment of Checkers for CA examinations to be held in November 2015- Checking of totaling of marks etc in the answer books of CA examinations, after they have been evaluated by the examiners, is being assigned/carried out by members of the Institute, who are empanelled for the purpose.

Guidelines on overseas investments and other issues/clarifications for AIFs/VCFs

October 1, 2015 3439 Views 0 comment Print

A. Overseas Investment by Venture Capital Funds (VCFs) registered under SEBI (Venture Capital Funds) Regulations, 1996 (now repealed)- a. VCFs registered under erstwhile SEBI (Venture Capital Funds) Regulations, 1996 are permitted to invest in Offshore Venture Capital Undertakings which have an Indian connection upto 10% of the investible funds of a VCF in terms of the SEBI circular no. SEBI/VCF/Cir no.1/98645/2007 dated August 09, 2007.

Comprehensive Risk Management Framework for National Commodity Derivatives Exchanges

October 1, 2015 1054 Views 0 comment Print

Pursuant to Section 131 of the Finance Act, 2015 and Central Government notification No. 1/9/SM/201 5 dated August 28, 2015, all recognized associations under the Forward Contracts (Regulation) Act, 1952 are deemed to be recognized stock exchanges under the Securities Contracts (Regulation) Act, 1956 with effect from September 28, 2015.

Advisory on Service Tax Return filing for April – September 2015

October 1, 2015 15732 Views 0 comment Print

 1. (a) Assessee can e-file Service Tax Return (ST-3) for the period April, 2015 to September, 2015 now through offline or online version. The last date of filing the ST-3 return, for the return period April, 2015 to September, 2015 is 25th October, 2015. However, to avoid congestion and inconvenience in the last minute, assesses […]

CBEC looking to Reduce/ eliminate printouts in Customs Clearance

October 1, 2015 1168 Views 0 comment Print

Government of India has taken-up a number of initiatives for promoting Ease of Doing business. One of the ways make cargo clearance easier is to reduce the use of paper and to introduce electronic messaging and paperless processing.

Bombay HC instructs CBDT to extend ITR Due Date to 31.10.2015

September 30, 2015 42804 Views 0 comment Print

The Chamber of Tax Consultants Vs. Union of India & Ors. (Bombay High Court), WP 2764/2015, Filed on 22.09.2015. Bombay High Court Instructed CBDT to extend due date to 31.10.2015. We will upload copy of order and analysis soon.

Gujarat HC directs CBDT to extend ITR due date to 31.10.2015

September 30, 2015 2758 Views 0 comment Print

By this petition under article 226 of Constitution of India petitioners sought relief by way of writ and prayed before court that due date of filing ITR should be extended upto 30.11.2015. Following relief were sought in this instant writ petition

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