How To Start Export-Import ‘Business or Services’ In India

How To Start Export-Import 'Business or Services' In India Posted: 19 Aug 2012 08:00 PM PDT In case you are going to start export or Import business of goods or service and both are required certain approval and registration with Reserve Bank of India, Custom Department, Central Excise, Service Tax and Value Added Tax / Central Sales Tax Department. These departments imposed certain... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Works contract services provided by sub-contractor in exempt works contract services, exempt from service tax Posted: 19 Aug 2012 07:52 PM PDT If the principal contractor is providing an exempt works contract service [for example providing works contract service to Government] then in such case if some part of the works contract is sub-contracted then the sub-contractor would also be exempt from payment of service tax. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Transfer Pricing & Role of Company Secretary Posted: 19 Aug 2012 07:30 PM PDT The prima-facie role of a Company Secretary is to identify all the AEs with whom the Company has transacted during the year. There are likely chances that some of the entities which are falling under the deeming fiction might go unnoticed to the auditors. The consequence of non-reporting of a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Govt imposes 1% Countervailing duty (CVD) on import of various types of Fertilizers Posted: 17 Aug 2012 08:20 PM PDT Notification No. 46 /2012-Customs In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] RBI advises Urban Co-operative Banks to offer a 'Basic Savings Bank Deposit Account' Posted: 16 Aug 2012 08:45 PM PDT Urban Co-operative Banks are advised to offer a 'Basic Savings Bank Deposit Account' which will offer following minimum common facilities to all their customers: The 'Basic Savings Bank Deposit Account' should be considered a normal banking service available to all. This account shall not have... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Banks permitted to allow premature withdrawal of deposit by surviving joint depositor on death of other Posted: 15 Aug 2012 08:43 PM PDT It is reiterated that in case of term deposits with Either or Survivor or Former or Survivor mandate, banks are permitted to allow premature withdrawal of the deposit by the surviving joint depositor on the death of the other, only if, there is a joint mandate from the joint depositors to this... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Rate of exchange of conversion of each of foreign currency WEF 17th August, 2012 Posted: 15 Aug 2012 08:28 PM PDT NOTIFICATION NO. 75/2012-CUSTOMS (N.T.), rate of exchange of conversion of each of the foreign currency into Indian currency or vice versa shall, with effect from 17th August, 2012 be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Amendments Schedule-I (Imports) of the ITC(HS) Classifications of Export and Import Items, 2009-14 Posted: 15 Aug 2012 08:16 PM PDT NOTIFICATION No. 10 (RE – 2012)/2009-2014, The 14 August, 2012 In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, as amended, read with paragraph 1.3 and paragraph 2.1 of the Foreign Trade Policy – 2009-14, the Central Government hereby amends... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Notification No. 74/2012-Customs (N.T.) Dated- 14th August, 2012 Posted: 13 Aug 2012 08:25 PM PDT Notification No. 74/2012-CUSTOMS (N. T.) In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]