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Indian Mackerel eligible for MEIS benefit for export between 01.04.2015 to 30.06.2018

June 12, 2018 1932 Views 0 comment Print

Indian Mackerel export under any HS Code of 2012/2017 is eligible for MEIS benefit for exports made during the period 01.04.2015 to 30.06.2018. For exports made on or after 01.07.2018, Indian mackerel is eligible for MEIS benefits only under Serial no. 8019 and 8020 of the Table 2 of Appendix 3B-MEIS Schedule.

No Port restriction on import of Natural Rubber under Advance Authorisation

June 12, 2018 4158 Views 0 comment Print

Port restriction is not applicable on import of Natural Rubber of all varieties/forms covered under EXIM Code 4001, under Advance Authorisation.

Reinstating Fair Value Option (Amendments to Ind AS 40, Investment Property)

June 12, 2018 1293 Views 0 comment Print

Following is the Exposure Draft of changes proposed in Ind AS 40, Investment Property, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments.

Long-term Interests in Associates and Joint Ventures (Amendments to Ind AS 28)

June 12, 2018 690 Views 0 comment Print

Following is the Exposure Draft of Long-term Interests in Associates and Joint Ventures (Amendments to Ind AS 28) issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments.

Prepayment Features with Negative Compensation (Amendments to Ind AS 109, Financial Instruments)

June 12, 2018 999 Views 0 comment Print

Following is the Exposure Draft of Amendments to Ind AS 109, Financial Instruments, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India for comments.

Plan Amendment, Curtailment or Settlement (Amendments to Ind AS 19, Employee Benefits)

June 12, 2018 1158 Views 0 comment Print

Following is the Exposure Draft of the Amendments to Ind AS 19, Employee benefits, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India for comments.

Annual Improvements to Ind AS (2018) (Corresponding to Annual Improvements to IFRS Standards 2015–2017 Cycle issued by IASB)

June 12, 2018 957 Views 0 comment Print

Following is the Exposure Draft of Annual Improvements to Ind AS (2018) issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments.

Fee and other Expenses for Corporate Insolvency Resolution Process

June 12, 2018 12579 Views 0 comment Print

When a corporate debtor undergoes corporate insolvency resolution process (CIRP), an Insolvency Professional (IP) is vested with the management of its affairs and he manages its operations as a going concern. He complies with the applicable laws on behalf of the corporate debtor. He conducts the entire CIRP.

Insolvency and Bankruptcy Code- Recent Regulatory Changes

June 12, 2018 4455 Views 0 comment Print

Dr. M. S. Sahoo, Chairperson accompanied by all three Whole Time Members, Ms. Suman Saxena, Dr. Navrang Saini and Dr. (Ms.) Mukulita Vijayawargia appeared before the Joint Committee on “the Financial and Resolution and Deposit Insurance Bill, 2017” on 22 January, 2018 and presented their views on the said Bill.

Applicability of GST on transactions between Employer and Employee- A Detailed Analysis

June 11, 2018 21426 Views 1 comment Print

There must be supply (sale, transfer, barter, exchange, lease, rental, license or disposal ) of goods or services or both (Goods are defined to include every movable property except money and securities and services on the other hand is defined as everything other than goods, money and securities)

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