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Cenvat Credit cannot be denied on mere non payment by the supplier -SC

September 5, 2013 11183 Views 1 comment Print

The respondent-company availed deemed MODVAT credit of Rs.77,546/- during the quarter of March, 2000 on the strength of invoices issued by M/s. Sawan Mal Shibhu Mal Steel Re-Rolling Mills, Mandi Govindgarh.

Export of finished leather, Wet Blue and EI Tanned leather may also take place through Air ports

September 5, 2013 816 Views 0 comment Print

Now, in addition to sea ports/ICDs indicated in para 2 above, export of finished leather, Wet Blue and EI Tanned Leather would also be permitted through Air Ports. Customs may draw samples, wherever so required, for certification by CLRI or such other labs as notified from time to time, as per finished leather norms.

Rate of exchange of conversion of each of the foreign currency with effect from September 06, 2013

September 5, 2013 1373 Views 0 comment Print

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance

Rules & Form for income distribution by a securitisation trust

September 4, 2013 1228 Views 0 comment Print

Notification No. 68/2013 – Income Tax 12BA. Statement under sub-section (3) of section 115TA. – (1) The statement of income distributed by the securitisation trust shall be furnished as provided in sub-rule (2) to – (i) the Assessing Officer so designated by the Chief Commissioner or Commissioner of Income-tax, within whose area of jurisdiction, the principal office of the securitisation trust is situated;

Notification No. 94/2013-Customs (N.T.) Daed – 4th September, 2013

September 4, 2013 1187 Views 0 comment Print

In exercise of the powers conferred by clause (c) of sub-section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India in

Write Full Name of His Lordship – Bombay HC Registrar

September 4, 2013 913 Views 0 comment Print

It is observed by the Hon’ble Shri justice Anoop V. Mohta that the Office is not taking care to put/write the Full name of His Lordship and they are still writing His Lordship’s name as ‘A. V. Mohta’ instead of ‘Anoop V. Mohta’ and directed this Registry to issue immediate directions to all concerned.

RBI clarifies its recently revised Overseas Direct Investment Guidelines

September 4, 2013 1466 Views 0 comment Print

It may be noted that the Reserve Bank of India had announced the revised guidelines for overseas direct investment by Indian parties on August 14, 2013. This measure had been taken in the context of current macro-economic situation. It was not the intention of the Reserve Bank of India to restrict bona-fide and genuine overseas direct investment transactions by Indian companies.

Lok Sabha Passes Pension Fund Regulatory and Development Authority Bill, 2011

September 4, 2013 1253 Views 0 comment Print

Lok Sabha Passes Pension Fund Regulatory and Development Authority Bill, 2011 with official amendments; Subscribers Seeking Minimum Assured Returns Allowed to OPT for Investing their Funds in such Scheme Providing Minimum Assured Returns The Pension Fund Regulatory and Development Authority Bill (PFRDA), 2011 was passed by the Lok Sabha today with official amendments. It was […]

Peak Filing of Balance Sheet & Annual Return 2013

September 4, 2013 1785 Views 0 comment Print

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS DEAR CORPORATES, TO AVOID LAST MINUTE RUSH AND SYSTEM CONGESTION IN MCA21 TOWARDS END OF OCTOBER AND NOVEMBER 2013, EXPEDITE FILING OF BALANCE SHEET AND ANNUAL RETURN WITHOUT WAITING FOR THE LAST DAYS OF THE MONTHS.

ICSI invite Suggestions for revsision in gudilines for approval of concern/firm name

September 4, 2013 654 Views 0 comment Print

Attention Members The Guidelines for approval of firm name laid down by the Council of the Institute under Regulation 169 of the Company Secretaries Regulations, 1982 are under review for necessary changes. The guidelines are available on the website of the Institute at link  http://www.icsi.edu/CSPractice/FirmnamesGuidelines Members are requested to send their valuable inputs/suggestions for revision […]

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