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Expanded schedule of tariff preferences under India-Chile PTA)

May 16, 2017 1326 Views 0 comment Print

Seeks to amend Notification No. 101/2007 – Customs dated 11th September 2007 so as to notify the expanded schedule of tariff preferences under the India-Chile Preferential Trade Agreement (PTA).

ICAI Constitute Group related to all issues of Bank Audit

May 16, 2017 834 Views 0 comment Print

The President, in terms of the authority given to him by the Council at its 363rd meeting held on 12th February, 2017, has constituted a Group related to all issues of Bank Audit including reduction in Statutory Central Auditors (SCAs), cooling period, distribution of bank branch audit as well as previous report of CA. Tarun J. Ghia on “Equitable Audit allotments and mechanism to Control Tendering System”, with the following composition

A big turn-around in India’s Power Sector

May 16, 2017 1008 Views 0 comment Print

India’s power sector that was marred by continuous shortages and lack of quality and steady supplies to homes and factories has seen an unprecedented turnaround in the past three years. Today the country boasts of a situation where surplus power to the tune of 3000- 4000 mw is available on real time basis at any time of the day to states and distribution companies and at affordable rates on the power exchange.

Notification No. 8/2017- Central Excise Dated: 16.05.2017

May 16, 2017 3093 Views 0 comment Print

seeks to amend notification no. 12/2012-Central Excise dated 17.03.2012 extending the time period for furnishing the final Mega power project certificate from 60 months to 120 months and extending the period of validity of security in the form of Fixed Deposit Receipt or Bank Guarantee from 66 months to 126 months, in case of provisional mega power projects.

Notification No. 48/2017 – Customs (N.T.) Dated: 16.05.2017

May 16, 2017 1101 Views 0 comment Print

Seeks to amend the Customs notification No. 84/2007-Customs (N.T.) dated 17th August, 2007 to give effect to the amendments to Rules of Origin of India-Chile PTA

Social and Financial Inclusion: Initiatives undertaken by NDA Govt

May 16, 2017 990 Views 0 comment Print

Over the last three years, we have witnessed a fundamental shift in the narrative of social justice for the marginalized. The focus has moved from the politics of welfarism and entitlement to a more participatory model of empowerment. By all means, the Government of India (GoI) is effectively exploring multiple facets of empowerment for the socially deprived sections of the society.

Notification on revised MVAT Rate on Petrol / Diesel wef 17.05.2017

May 16, 2017 1155 Views 0 comment Print

Government of Maharashtra, hereby amends SCHEDULE ‘D’ appended to the said Act, with effect from the 17th May, 2017, as follows, namely :—

Export Policy of Fertilizers, Updation of List of Manufactures

May 16, 2017 1593 Views 0 comment Print

S.O.(E) In exercise of the powers conferred by Section 3 of the Foreign Traci( (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended, read with paragraph 1.02 and 2.01 01 the Foreign Trade Policy (FTP), 2015-2020, the Central Government hereby makes the amendments with immediate effect in List `A’, ‘B’ and ‘C’ below Note 1 under Export Licensing Note of Chapter 31 of ITC(HS) Classification – Schedule 2 (Export Policy)

SEBI: Info about Digital mode of payment to be provided by various intermediaries / other entities

May 16, 2017 660 Views 0 comment Print

SEBI has notified the SEBI (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017 on March 06, 2017 to enable digital mode of payment (RTGS/NEFT/IMPS etc.) of fees/ penalties/ remittance/ other payments etc.

Income from house property or business income: Depends on facts of a particular case

May 16, 2017 3351 Views 0 comment Print

Whether ITAT was right in holding that the income earned by the appellant from the shopping center was required to be taxed under the head “income from House Property” instead of the head “Profits and Gains from the Business or Profession” as claimed by the Appellant

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