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Invisible capital : For Cost Accountants in Practice – Part 1

May 15, 2014 2792 Views 0 comment Print

We dream to start something of our own and in that process we dream to get into profession similar to doctors where they start practicing and gain knowledge and independent recognition. Cost Accountancy is one of the professions where students pursuing finance domain studies can become independent professionals. But many fellow members would say that […]

Classification of rice par-boiling machinery

May 15, 2014 631 Views 0 comment Print

I am directed to draw your attention to Circular No. 924/14/2010-CX dated 19.05.2010 on the subject of classification of rice par-boiling machinery under the Central Excise tariff. References have been received from trade and field to re-examine the circular consequent to the judgement of the Hon’ble Tribunal in case of M/s Jyoti Sales Corporation [2011(272) E.L.T. 689 (Tri – Del) & 2011 – TIOL – 1498 – CESTAT-DEL]. The circular has since been re-examined.

Public Notice No. 60 (RE-2013)/2009-2014, Dated: 15.05.2014

May 15, 2014 277 Views 0 comment Print

In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy 2009-2014, the Director General of Foreign Trade hereby authorizes Trade Promotion Council of India to issue Certificate of Origin.

Public Notice No. 59 (RE-2013)/2009-2014, Dated: 15.05.2014

May 15, 2014 457 Views 0 comment Print

The structure of Appendix-4D is being changed. The Bilateral/Regional Preferential Trade Agreements signed by India are being included along with their respective agencies authorized to issue Certificate of Origin (Preferential). While, the Export Inspection Council (EIC) is mandated to issue Certificate of Origin (Preferential) for all goods under all trade agreements; Marine Products Export Development Authority (MPEDA) is also now being authorized to issue Certificate of Origin (Preferential) for Marine products under all trade agreements. In addition, with respect to textiles and made ups, the Textiles Committee is being authorized toissue Certificate of Origin(Preferential) under India-Japan Comprehensive Economic Partnership Agreement (IJCEPA).

SEBI : Risk management framework for Foreign Portfolio Investors (FPI) under the SEBI (Foreign Portfolio Investors) Regulations, 2014

May 15, 2014 427 Views 0 comment Print

Custodians / DDPs shall provide necessary details related to FPIs, including categorisation of FPIs, to the stock exchanges for the purpose of implementing the aforementioned provisions.

Judge entitled to alter verdict already delivered in open court until judgement is signed & sealed- SC

May 15, 2014 3310 Views 0 comment Print

SC held that We do not find any forcible submission advanced on behalf of the petitioners that once the order had been dictated in open court, the order to review or recall is not permissible in view of the provisions of Section 362 Cr.P.C. for the simple reason that Section 362 Cr.P.C.

Classification of rice par-boiling machinery under Central Excise tariff– reg

May 15, 2014 1717 Views 0 comment Print

Circular No. 982/06/ 2014 – CX , Dated: 15.05.2014 Subject – Classification of rice par-boiling machinery – reg.             I am directed to draw your attention to Circular No. 924/14/2010-CX dated 19.05.2010 on the subject of classification of rice par-boiling machinery under the Central Excise tariff. References have been received from trade and field to […]

Panel of writers for candidates with disability in CA exams

May 15, 2014 1490 Views 0 comment Print

No. 13 CA/Exam/DAC/W/EMP/MAY/2014 Dated- 14.05.2014 Panel of writers for candidates with disability, who are permitted assistance of writer in Chartered Accountants examinations. Concessions extended to persons with disability in CA examinations inter alia include extra/compensatory time, assistance of a writer, etc., For the purpose of providing writers to such candidates in CA examinations, ICAI initiated […]

CAG has Constitutional Mandate to Audit Private Firms

May 14, 2014 3692 Views 0 comment Print

Our Long Time Stand that CAG has Constitutional Mandate to Audit Private Firms has been Vindicated by the Hon’ble Supreme Court says Shashi Kant Sharma. CAG is duty bound to Report to Parliament Matters Involving Revenue Sharing : CAG   The recent ruling of the Honorable Supreme Court is a landmark one and has removed, once […]

Why Govt withdraws Conciliation Measures Initiated Earlier with Vodafone

May 14, 2014 1620 Views 0 comment Print

Correct Factual Position and the Circumstances that led to the Government’s Proposal to Withdraw from the Conciliation Measures Initiated Earlier with Vodafone International Holdings B.V.(Vodafone)

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