Daily Archives: July 15, 2016

New Features Released For National Pension System Subscribers

By | July 15, 2016

New Features Released For NPS Subscribers Pension Fund Regulatory and Development Authority (PFRDA) takes various initiatives from time to time in order to simplify and improve the operational issues in National Pension System (NPS) like new functionality development under NPS architecture, simplification of account opening, withdrawal, grievance management etc. In this regard, recently many new… Read More »

India’s Foreign Trade: June, 2016

By | July 15, 2016

India’s Foreign Trade: June, 2016 MERCHANDISE TRADE   EXPORTS (including re-exports) For the first time after a gap of 18 months, exports in June 2016 have recorded a positive growth of 1.27%. During June,2016 exports were valued at US$ 22572.30 million (Rs.151904.56 crore) which was 1.27 per cent higher in Dollar terms (6.72 per cent higher… Read More »

Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

By | July 15, 2016

Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver  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… Read More »

Written consent of Cost Auditor mandatory before appointment : Cost records and audit Amendment Rules 2016.

By | July 15, 2016

[To be published in the Gazette of India, Extraordinary, Part ll, Section 3, Sub-section (i)l GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION  New Delhi, the 14th July, 2016 G.S.R…………….. (E).- In exercise ofthe powers conferred by sub-sections (1) and(2) ofsection 469 and section 148 of the Companies Act, 2013 (1.8 of 201.3) (hereinafter referred as… Read More »

Income Tax Refund in non-CASS case to be issued without adjustment of Demand

By | July 15, 2016

No. 312/ 67/ 2016-0T Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ******************** New Delhi, Dated 14th July 2016 Office Memorandum Sub: – Expeditious disposal of refunds in non-CASS cases – relaxation of requirements of Section 245 of the I. T. Act 1961 – reg. With a view to… Read More »

Converting Limited Scrutiny into Complete Scrutiny : CBDT Instructions

By | July 15, 2016

Instruction No. 5/2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 14th of July, 2016 Subject: Direction regarding scope of enquiry in cases under ‘Limited Scrutiny’ selected through CASS 2015 & 2016-regd.-  Vide Instruction No. 20/2015 dated 29.12.2015 in File of even number, Board has… Read More »

Company Secretary can certify for Grant of Unified License (Virtual Network Operators)

By | July 15, 2016

Dear Professional Colleagues Sub. : Authorisation to Company Secretary under Guidelines for Grant of Unified License (Virtual Network Operators) With a view to ensure seamless delivery of converged telecom services and to grant Unified Licence (Virtual Network Operators) (UL VNO), Government of India, Ministry of Communication and Information Technology, Department of Telecommunications (Access Service Cell)… Read More »

Change in Name of Proprietorship/Firm of Company Secretary (ies) : ICSI Guidelines

By | July 15, 2016

Guidelines for Change in Name of Proprietorship Concern/Firm of Company Secretary(ies) In case an existing proprietary concern/firm of Company Secretary(ies) desires to change its name, the following conditions shall be fulfilled: (a) An application for change in name of the firm (preferably mentioning its Unique Code Number) shall be submitted along with the Form for… Read More »

Hazardous Wastes Import Policy amended

By | July 15, 2016

To be published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section (ii) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 14/2015-2020 New Delhi, Dated: 14th July, 2016 Subject: Updation in Para 8 (B) of General Notes Regarding Import Policy of ITC (HS),… Read More »