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Safeguard duty on imports of Sodium Nitrite into India

February 26, 2014 649 Views 0 comment Print

Central Government after considering the said findings of the Director General (Safeguards), hereby imposes on Sodium Nitrite falling under tariff item 2834 10 10 of the First Schedule to the Customs Tariff Act, when imported into India, a safeguard duty at the following rate,-

CBEC rescinds notification No. 18/2013 – Central Excise (NT), dated 31.12.2013

February 26, 2014 789 Views 0 comment Print

Notification No. 07/2014–Central Excise (N.T.) G.S.R. (E). – In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby rescinds the notification of the Government of India, Ministry of Finance

CBEC rescinds notification No. 17/2013 – Central Excise (NT), dated 31.12.2013

February 26, 2014 933 Views 0 comment Print

Notification No. 06/2014–Central Excise (N.T.) G.S.R. (E). – In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue)

WIRC of ICAI elects Office Bearers

February 25, 2014 697 Views 0 comment Print

The following Regional Council Members have been unanimously elected as Office Bearers of Western India Regional Council of ICAI, for the year 2014-2015. CA. Anil Bhandari, Mumbai – Chairman CA. Julfesh Shah, Nagpur – Vice-Chairman CA. Shruti Shah, Mumbai – Secretary

ICAI to Release 2014 Guidance Note on Audit of Banks

February 25, 2014 1635 Views 0 comment Print

COMING SOON NEW PUBLICATION FROM THE AUDITING & ASSURANCE STANDARDS BOARD 2014 GUIDANCE NOTE ON AUDIT OF BANKS The Auditing and Assurance Standards Board of ICAI will soon bring out the 2014 edition of the Guidance Note on Audit of Banks. The 2014 edition has been thoroughly revised and revamped to reflect inter alia the […]

Revised List of Products eligible for VKGUY, MLFS & FPS Scheme wef 25.02.2014

February 25, 2014 9275 Views 0 comment Print

DGFT has issued revised lists of Products wef 25th February 2014 under Focus Product Scheme (FPS), Market Linked Focus Products (MLFP) and List Of Export Items Allowed Under Vishesh Krishi And Gram Udyog Yojana (VKGUY).

Reg. Plan to monitor cases where export obligation period and time prescribed for furnishing evidence of fulfilling of EO are over

February 25, 2014 552 Views 0 comment Print

Board has decided to strengthen the monitoring and make it uniform so that timely initiation of action to safeguard revenue can be invariably ensured as well as progress effectively tracked. Accordingly

Illegal Lifts in Building – An Analysis

February 25, 2014 24442 Views 7 comments Print

LIFTS  INSTALLATIONS  IN  SOCIETIES: 01.   Self-Sensitising, towards requirement of Lift-Elevator. a) Till about 20 years ago, most residential buildings in Mumbai, were upto Ground plus 3 or 4 storied buildings, wherein LIFT (Elevator) was not installed, since at that time it was not considered necessary and people preferred to climb stairs, irrespective of all odds.  […]

Cenvat Credit on CHA Service Used For Export of Goods

February 24, 2014 19426 Views 10 comments Print

Manas Joshi One fine morning, my mobile rang and my client asked me “Sir, can I take CENVAT credit on CHA services used for export of goods?” Officers are disallowing our credit”. Since law is very clear, I immediately gave positive reply to my client and discontinued our conversation. Then I thought do we really […]

Independent Director – (Listing Agreement and the Companies Act, 2013)

February 24, 2014 6561 Views 0 comment Print

The concept of Independent director was introduced in the Report of Kumar Mangalma Birla Committee. The main purpose for establishment of this committee was to promote good cooperate Governance and make transparency among Companies and its stakeholders.

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