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Rate of exchange of conversion of each of foreign currency e.e.f. June 07, 2013

June 6, 2013 1256 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

Regarding export of goods imported against payment in freely convertible currency where export proceeds can be realized in rupees

June 6, 2013 663 Views 0 comment Print

An enabling provision has been made to allow export of goods imported against payment in freely convertible currency where export proceeds will be realized in rupees. This dispensation will be applicable to such countries as would be notified by DGFT from time to time. They also have to achieve 15% value addition.

Notification No. 20/2013-Central Excise ; Dated : 05.06.2013

June 5, 2013 439 Views 0 comment Print

n exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance.

Export of sugar under Advance Authorization would not require Release Order from Directorate of Sugar

June 5, 2013 487 Views 0 comment Print

.Export of sugar under Advance Authorization would not require Release Order from Directorate of Sugar. There is no change in other conditions relating to export of sugar.

Rate of Customs duty on import of gold increased from 6% to 8% w.e.f. 05.06.2013

June 5, 2013 322 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in

Political to furnish information under RTI Act – CIC

June 5, 2013 907 Views 0 comment Print

By his RTI application dated 16.5.2011, complainant S.C. Aggarwal has sought the following information from the Presidents/Secretaries of the Indian National Congress (INC/AICC) and the Bhartiya Janata Party (BJP)

Interest and Finance Charges (IFC) – Treatment in Costing

June 5, 2013 11637 Views 3 comments Print

Institute of Cost Accountants of India has released CAS-17: COST ACCOUNTING STANDARD ON INTEREST AND FINANCING CHARGES on 23/05/2013. This article is a step towards interpretation and explanation of various aspect of the said Cost Accounting Standard

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

June 5, 2013 616 Views 0 comment Print

In excise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance (

Clarification on SEBI’s Circular providing for the "Manner of Dealing with Audit Reports filed by Listed Companies"

June 5, 2013 1866 Views 0 comment Print

EBI has, vide circular dated August 13, 2012 providing for the “Manner of Dealing with Audit Reports filed by Listed companies”, mandated listed companies to submit either Form A (Unqualified/ Matter of Emphasis Report) or Form B (Qualified/ Subject

Applicability of Rules of Transfer Pricing on Specified Domestic Transactions

June 5, 2013 1664 Views 0 comment Print

The Finance Act, 2012 has extended the applicability of provisions of transfer pricing to Specified Domestic Transactions also. As per Sec.92BA “Specified Domestic Transaction “means:- Any expenditure in respect of which payment has been made or is to be made to a person referred to in clause (b) of Sec. 40A(2), Any transaction referred to […]

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