No doubt there is a specific entry which speaks of Slagwool and Rockwool under Sub-heading No.6803.00, but there is yet another entry which is consciously introduced by the Legislature under sub-heading No.6807.10, which speaks of goods in which Rockwool, Slagwool and products thereof are manufactured by use of more than 25% by weight of blast furnace slag. It is not in dispute that the goods in question are those goods in which more than 25% by weight of one or more of red mud, press mud or blast furnace slag is used. If that be the case, then, in a classification dispute, an entry which is beneficial to the assessee requires to be applied and the same has been done by the adjudicating authority,
Ours’ is Salary Earner’s Urban Co-operative Bank having working capital Rs.1623.24 crores as on 31.03.2011. We intends to appoint Registered Chartered Accountants/Firm for conducting Concurrent Audit of 21 branches, 5 octroi collection centers and Accounts Section (Head Office) for the financial year 2012-13. Bank has implemented Core Banking Software at its all Branches/Octroi Collection Centers and Accounts Section (Head Office). Concurrent audit is to be carried out accordingly and also examine various aspects connected with the system alongwith guidelines of Reserve Bank of India, Registrar of Co-operative Societies, I.C.A.I as applicable and issued from time to time and policies decided by Board of Directors of the Bank.
A candidate can apply to the Institute within 30 days form the date of declaration of results of examination for verification of answer papers with a fees of Rs.250/- per paper. In case of verification of answer papers only mistake in totaling and omission to examine any answer are checked.
Greece has signed the Convention on Mutual Administrative Assistance in Tax Matters, a multilateral agreement that was developed jointly by the Council of Europe and the OECD and that is open for signature to all countries. The Convention promotes international co-operation in the assessment and collection of taxes.
The Union Finance Minister Shri Pranab Mukherjee said that Aadhaar-Enabled E-payment system would help not only in ensuring the timely payments directly to the intended beneficiaries but would also help in reducing the time taken, transaction costs and the leakages among others. The Finance Minister said that this would also help in bringing transparency in the system and reducing avoidable delays
Under Para 8.2 (c) of Foreign Trade Policy, Capital Goods can be procured indigenously upon invalidating an EPCG Authorization. However, domestically procured Capital Goods cannot be treated as ‘imported Capital Goods’ and hence the facility of Para 5.2A of Foreign Trade Policy cannot be allowed for such Capital Goods sourced domestically after invalidating EPCG Authorization.
Para 5.11.2 of the Hand Book of Procedure Volume – 1 (HBP V-I) permits re-fixation of Annual Average Export Obligation, in case the export in any sector/ product group decline by more than 5%. This implies that for the sector/product group that witnessed such decline in 2010-11 as compared to 2009-10, would be entitled for such relief.
NOTIFICATION F.No.3-1/Amend/Comb. Regl./2012/CD/CCI, dated 23-2-2012 These regulations may be called the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2012. (2) They shall come into force on the date of their publication in the Official Gazette.
Finance Minister Pranab Mukherjee today expressed hope that indirect tax collection target of Rs 3.92 lakh crore for the current fiscal will be met despite the economic slowdown.
some banks have filed an appeal against the audit classification given during the course of statutory audit for the F.Y. 2010-11. As per the procedure the concerned auditor is also required to be present for the hearing in cases of such appeals. But as per the said letter the auditors are not attending the appeals even after prior notice is given by the Cooperative Department.
