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CBI arrests superintendent of customs in separate in bribery case

April 13, 2017 1389 Views 1 comment Print

CBI has arrested Superintendent of Customs, ICD, Patli, District, Gurgaon (Haryana) and a private person while demanding & accepting bribe of Rs. 25,000/-.

ICSI formally adopts “Satyam Vada, Dharmam Chara” as ICSI Motto

April 13, 2017 9003 Views 0 comment Print

To mark the beginning of Golden Jubilee Celebrations of ICSI and on crossing 50,000th membership mark, The Institute of Company Secretaries of India formally adopts the Golden Quote Satyam Vada, Dharmam Chara – Speak the Truth, Abide by the Law as ICSI Motto.

Surplus generation from charitable activities did not dis-entitle assessee from registration U/s. 12A

April 13, 2017 1620 Views 0 comment Print

This appeal by the assessee is directed against the order of Commissioner of Income Tax -I, Pune dated 29-11-2013 rejecting the application of the assessee for grant of registration under section 12AA(1)(b)(ii) of the Income Tax Act, 1961 (hereinafter referred to as the Act).

Custom notification on TRQ benefit (duty free) for import of raw sugar

April 13, 2017 1146 Views 0 comment Print

1. Time line for availing TRQ benefit (duty free) for import of raw sugar [1701] has been extended from 12.06.2017 to 30.06.2017. 2. Actual user condition has been prescribed for importing raw sugar at Nil rate, availing TRQ benefit for manufacture of white/ refined sugar.

Banks to celebrate June 5-9, 2017 as Financial Literacy Week

April 13, 2017 1008 Views 0 comment Print

The literacy week will focus on four broad themes, viz. KYC, Exercising Credit Discipline, Grievance Redressal and Going Digital (UPI and *99#).

Salient features of revised PCA framework for banks

April 13, 2017 1311 Views 0 comment Print

The provisions of the revised PCA framework will be effective from April 1, 2017 based on the financials of the banks for the year ended March 31, 2017. The framework would be reviewed after three years.

Inclusion of “Derivatives on Equity shares” – IFSC

April 13, 2017 819 Views 0 comment Print

Clause 7 of SEBI (IFSC) Guidelines, 2015 specifies the types of securities in which dealing may be permitted by stock exchanges operating in IFSC.

Transforming Indian Railways with the OneICT Programme

April 13, 2017 1281 Views 1 comment Print

The Indian Railways have come a long way since the chugging of the first train on Indian soil in April of 1853. India has always looked at the Railways as a vital infrastructure enabling it to deliver goods and services for the growing economy. However, meeting the requirements of fast growing economy is a challenge.

Notification No. 39/2017-Customs (N.T.), Dated: 13.04.2017

April 13, 2017 2718 Views 0 comment Print

Tariff Notification No. 39/2017-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

Notification No. 38/2017-Customs (N.T.), Dated: 13.04.2017

April 13, 2017 2283 Views 0 comment Print

Central Board of Excise and Customs, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.78/2014- Customs (N.T.), dated the 16th September, 2014, published vide number G.S.R. No. 655 (E), dated the 16th September, 2014, namely:-

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