Whether penalty and interest can be levied if Excise duty has been paid before issue of Show Cause Notice Posted: 28 Feb 2012 07:56 PM PST CCE Vs. M/s. Plaxair India Pvt. Ltd. (Supreme Court) - In the present case, it is the stand of the assessee that the assessee had paid the duty under the provisions of the Act before the issue of the Show Cause Notice and, therefore, not liable for... [[ This is a content summary only. Visit www.taxguru.in for full article.]]
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How to know ownership details of a vehicle through mobile Posted: 28 Feb 2012 07:26 PM PST We can now have the ownership details of a vehicle using the Vehicle registration number instantly through SMS. Send a SMS to 092123 57123 typing vahan You would get the following information instantly [[ This is a content summary only. Visit www.taxguru.in for full article.]]
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Right to move court for arbitration – SC Posted: 28 Feb 2012 07:13 PM PST Dakshin Shelters Pvt. Ltd. Vs. Geeta S. Johari (Supreme Court) - The SC ruled, that if a disputing party asks its rival to appoint an arbitrator according to their agreement and if it is not complied with, the former can approach a court for... [[ This is a content summary only. Visit www.taxguru.in for full article.]]
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ICAI President's Message – March 2012 – Regional Councils and Branches to organise CPT Classes for Examination in June 2012 Posted: 28 Feb 2012 04:27 PM PST Empanelment of Statutory Auditors: We recently held an emergent meeting to deliberate upon the proposal of the RBI Working Group on Revision in the Norms for Empanelment of Statutory Auditors and other issues relating to appointment of Statutory... [[ This is a content summary only. Visit www.taxguru.in for full article.]]
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Promising Times for Chartered Accountants Posted: 28 Feb 2012 02:53 PM PST These are exciting yet challenging times for Indian chartered accountants. The year 2012 will be an eventful year for Indian accountancy profession if both external and internal developments are any indication. World economy is in turmoil and is... [[ This is a content summary only. Visit www.taxguru.in for full article.]]
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Circular for Mutual Funds – Distributor Due Diligence, Clarification to Regulation 24 of SEBI (Mutual Funds) Regulations, 1996 Posted: 28 Feb 2012 08:23 AM PST Circular No. Cir/IMD/DF/7/2012 , Dated- February 28, 2012 It is hereby clarified that the due diligence of distributors is solely the responsibility of mutual funds/AMCs. This responsibility shall not be delegated to any agency. However, mutual... [[ This is a content summary only. Visit www.taxguru.in for full article.]]
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Circular on Mutual Funds – Amendments to SEBI (Mutual Funds) Regulations, 1996, Valuation of Debt and Money Market Instruments, Advertisement Posted: 28 Feb 2012 08:17 AM PST Amendments to SEBI (Mutual Funds) Regulations, 1996 1. Please find enclosed a copy of the gazette notification No. LAD-NRO/GN/201 1-12/38/4290 dated February 21, 2012 pertaining to Securities and Exchange Board of India (Mutual Funds) (Amendment)... [[ This is a content summary only. Visit www.taxguru.in for full article.]]
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SEBI Clarification on Offer For Sale of Shares by Promoters through the Stock Exchange Mechanism Posted: 28 Feb 2012 08:07 AM PST CIRCULAR No. MRD/DP/8/2012, dated 27-2-2012 This has reference to SEBI circular No. MRD/DP/05/2012, dated February 1, 2012 and MRD/DP/07/2012, dated February 23, 2012, on the subject. 2. It is clarified that the contents of the advertisement, if... [[ This is a content summary only. Visit www.taxguru.in for full article.]]
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Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2012 – Amendment in regulations 5, 6, 9, 11, Schedule I and Schedule II Posted: 28 Feb 2012 08:03 AM PST 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) ... [[ This is a content summary only. Visit www.taxguru.in for full article.]]
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Verification of Marks of CS December, 2011 Examinations Posted: 28 Feb 2012 07:55 AM PST In terms of regulation 46 (2) of The Company Secretaries Regulations, 1982, as in force, a candidate can seek 'Verification of Marks' in any subject(s) of December , 2011 examination within one month from the date of declaration of results. The... [[ This is a content summary only. Visit www.taxguru.in for full article.]]
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ICSI – Guidelines, Rules and Procedures for Supply of Certified Copies) Of Answer Books to Students Posted: 28 Feb 2012 07:50 AM PST A student who wishes to obtain certified copies of his/her answer books of any subject(s) of a particular examination shall apply on the prescribed application form together with (a) requisite fee; and (b) self-attested photocopy of his/her Admit... [[ This is a content summary only. Visit www.taxguru.in for full article.]]
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Role-check for the Digital Signatures (DSCs) belonging to authorized signatories of Banks / Financial Institutions Posted: 28 Feb 2012 07:43 AM PST The Ministry of Corporate Affairs (MCA) has implemented MCA21 e-Governance Project. The Project is aimed at enhancing the service level efficiencies and bringing about certainty and speed in the operations of the Ministry of Corporate Affairs,... [[ This is a content summary only. Visit www.taxguru.in for full article.]]
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Amendment to Income Tax (Appellate Tribunal) Rules, 1963 Posted: 28 Feb 2012 07:32 AM PST (1) These rules may be called the Income Tax (Appellate Tribunal) Amendment Rules, 2012. Amendment in Rule 2 Definition. For the existing Rule 2(ii)(b), the following shall be substituted:-(b) in relation to an income-tax authority who is a party to... [[ This is a content summary only. Visit www.taxguru.in for full article.]]
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Import of Gold on Loan Basis – Tenor of Loan and Opening of Stand-by Letter of Credit Posted: 28 Feb 2012 07:24 AM PST A.P. (DIR Series) Circular No. 83 In terms of A.P.(DIR Series) Circular No. 34 dated February 18, 2005, the maximum tenor of gold loan was notified as 240 days consisting of 60 days for manufacture and exports +180 days for fixing the price and... [[ This is a content summary only. Visit www.taxguru.in for full article.]]
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Appointment of Common Adjudicating Authority – Notification No. 13/2012-Customs (N.T.) Posted: 28 Feb 2012 07:16 AM PST Notification No. 13/2012-Customs (N.T.) for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s A & N Impex, House No.995, Sanjay Gandhi Colony, Sector-32A, Ludhiana issued vide, DRI F.No.... [[ This is a content summary only. Visit www.taxguru.in for full article.]]
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Amends Notification No. 12/97 – Customs(N.T.) dated the 2nd April, 1997 Posted: 28 Feb 2012 06:43 AM PST Notification No. 12/2012 - Customs (N.T.) In exercise of the powers conferred by clause (aa) of sub-section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, hereby makes the following further... [[ This is a content summary only. Visit www.taxguru.in for full article.]]
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Duty exemption on re-import of Cut & Polished Diamonds sent abroad for Certification/ Grading Posted: 28 Feb 2012 06:35 AM PST Notification No. 100(RE-2010)/2009-2014 Basic Customs Duty of 2% on import of cut & polished diamonds has been imposed by the Department of Revenue with effect from 16.1.2012 vide Notification No.01/2012. Such duty will not be applicable on... [[ This is a content summary only. Visit www.taxguru.in for full article.]] |
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