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National Summit on Networking and Capacity Building of CA Firms at Mumbai

January 15, 2011 751 Views 0 comment Print

If yes, then Networking could be the solution, I take pleasure to invite you to National Summit on Networking and Capacity Building of CA Firms at Mumbai on 22nd January, 2011 organized by Committee for Capacity Building of CA Firms and Small & Mediu

Corporate Affairs Minister unveils sweeping plans to meet IFRS deadline

January 15, 2011 496 Views 0 comment Print

Last year, the Prime Minister’s Office had asked the Ministry of Corporate Affairs for further consultations. “PMO had desired that we do further consultations (with the industry). The additional consultations which we were called for are over and we

PwC provides top 10 questions for audit committees

January 15, 2011 465 Views 0 comment Print

PwC US’s Center for Board Governance has announced its annual list of questions and insights to help audit committees oversee their companies’ 2010 year-end financial reporting process. Topics covered include: accounting and disclosure matters, the i

Re-Credit Certificate for Re-export of defective/unfit goods and/or Re-assessment of Debited Duty and/or re-exports on account of any other reason

January 14, 2011 3046 Views 0 comment Print

In the case of re-export of defective or unfit goods or re-assessment of debited duty, Customs issues a Re-credit Certificate containing particulars of scrip used, date of import of re-exported goods and amount debited while importing such goods / re-assessment details. Customs shall permit use of this Re-credit Amount to the extent of 98%, within a period of 6 months from the date of issuance of re-credit certificate.

Enforcement of penal provisions for non-submission or delayed submission of returns

January 14, 2011 3097 Views 0 comment Print

Departmental Instruction F.No.267/117/2010-CX8 Government of India Ministry of Finance Department of Revenue (Central Board of Excise & Customs) New Delhi, dated the 14th January, 2011. To, All Director Generals, All Chief Commissioners of Central Excise (including LTU), All Commissioners of Central Excise (including LTU). Sir/ Madam, Subject: Enforcement of penal provisions for non-submission of returns-reg. […]

Custom Duty Notification No. 1/2011- Customs (N. T.) amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001

January 14, 2011 478 Views 0 comment Print

Notification No. 1/2011- Customs (N. T.) , New Delhi, 14th January, 2011. S. O… (E) – In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Board, being satisfied that it is necessary and expedient so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Cus (N. T.), dated, the 3rd August 2001, namely: –

Public Notice No. 22 (RE-2010)/2009-14, Dated: 14.01.2011

January 14, 2011 937 Views 0 comment Print

In the case of re-export of defective or unfit goods or re-assessment of debited duty, Customs issues a Re-credit Certificate containing particulars of scrip used, date of import of re-exported goods and amount debited while importing such goods / re-assessment details.

Issue of RC for Cotton export by Jt. DGFT offices Chennai, (CLA) Delhi, Kolkata & Mumbai

January 14, 2011 607 Views 0 comment Print

Government of India Ministry of commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhavan, New Delhi Trade Notice No. 4/2011 Dated the 14th Jan.2011 Sub: Issue of RC for Cotton export by Jt. DGFT offices Chennai, (CLA) Delhi, Kolkata & Mumbai. Trade Notice No.1 of 2011 issued on 10/1/2011 contained the […]

Petition under Section 397/398 of Companies Act, 1956 – Importance of Prayer – a Case Study

January 14, 2011 1892 Views 0 comment Print

Every one knows the object of section 397/398 of the Companies Act, 1956 and it is to bring an end to the matters complained of and to regulate the affairs of the Company in future. A great responsibility is cast on the Company Law Board under section 397/398 of the Companies Act, 1956 and it is not only an adjudication of dispute between two shareholding groups, but, it is to find ways as to how to put an end to the matters complained of and as to how to regulate the affairs of the Company.

Application of provisions of Section 5A(1A) of the Central Excise Act, 1944-reg

January 14, 2011 1121 Views 0 comment Print

Attention is invited to Board’s circular No. 937/27/2010-CX dated 26.11.10 issued from F.No.52/1/2009-CX1 (Pt.), wherein based on the opinion of the Law Ministry, it was clarified that in view of the specific bar provided under sub-section (1A) of Section 5A of the Central Excise Act, 1944, the manufacturer cannot opt to pay the duty in respect of unconditionally fully exempted goods and he cannot avail the CENVAT credit of the duty paid on inputs.

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