Category - Others

ICSI organises International Corporate Governance Day

15 April 2016 CHIEF OF BUREAU PRESS RELEASE ICSI organises International Corporate Governance Day -Corporate Governance to play vital role in ‘Ease of doing Business’ - New Delhi, Friday, 15th April 2016: In order to have an effective system of rules, practices and processes by which a corporate is directed and controlled, The Institute of… Read More

ICAI President’s Message – April 2016

Dear Professional Members, Quality of professionalism imparts that success emanates as a by-product of righteous work. Let us believe in the Shrimad Bhagavad Gita’s sermon: No one who does good work will ever come to a bad end, either here or in the world to come. Let us imbibe this perception. Likewise, all of us… Read More

Expression of Interest for Empanelment of Faculties for Committee on Information Technology

Madam/ Dear Sir, Committee on Information Technology has been set up by the Institute to map IT developments and convert them into gainful professional opportunities. The Committee is also concerned with the training and development of the members in the field of Information Technology The Committee on Information Technology (CIT) is currently conducting two separate… Read More

ICAI President’s Message – March 2016

Dear Friends, The wise see knowledge and action as one; they see truly ... so go the words of wisdom in the Bhagavad Gita, which are worth emulating by one and all, specifically in the present scenario when a new cohesive team of elected members is commencing its fresh tenure as representatives of the Indian… Read More

Government Discretionary power under I.D.ACT 1947 for reference of Industrial disputes.

1.As in the case of State of Bombay vs KP Krishnan SC while explaining government discretionary power while referring a dispute SC said “Chapter III which consists of ss. 10 and 10A deals with reference of dispute to Boards, Courts or Tribunals. Section 10(1) provides that where the appropriate Government is of opinion that any… Read More

ICAI’s e-Flash on Finance Bill 2016

Amendments Proposed by The Finance Bill, 2016 1. Message from the President 2. Message from the Vice-President 3. Chairmen Speak (from Committee on Public Finance & Government Accounting; Direct Tax Committee; Indirect Taxes Committee; Committee on International Taxation) 4. State of the Economy: Union Budget 2016-17 Highlights 5. Amendments Proposed by Finance Bill, 2016 in… Read More

Adjustment Is Allowed On Finalisation of the Provisional Assessment By Way of Neutralising the Short Paid Duty With The Excess Paid Duty

[In the matter of M/s. Tafe Motors & Tractors Ltd v. Commissioner of Excise, Jaipur] Date of Hearing/Decision: 02.03.2016 BRIEF FACTS The Appellant is engaged in the manufacture of automotive IC Engine and was working under the provisional assessment for the period 01.04.2006   to 31.03.2007 which was finalised only on 16.11.2007. On finalisation of the… Read More

Service Charges And Other Charges Paid To Overseas Supplier Towards Various Services Which Have No Nexus With Import Of Goods Not Addable To The Transaction Value Of Imported Goods Covered In Their Appeals Under Rule 10 (1) (C) Of Customs Valuation Rules, 2007- South Zonal Bench, Chennai

Citation [M/s Schwing Stetter (India) Private Limited v. Commissioner of Customs (Imports) Chennai in Appeal No. C/40309/2015] FINAL ORDER No.40280/2016 pronounced in open Court on February 17, 2016 BRIEF FACTS The Appellant imported machinery i.e. Schwing mobile concrete pump placers from their related supplier. Though both the foreign supplier and the Appellant are related, as… Read More

Amendment in FCRA

Amendment in FCRA Section 2 of Foreign Contribution Regulation Act, 2010 is proposed to be amended to facilitate smooth implementation of CSR activities as provided in Companies Act, 2013 and Companies (Corporate Social Responsibility Policy) Rules, 2014 by companies which otherwise fall in the category of foreign source. This was stated by the Minister of… Read More

Commercial Contract Masterclass: Delhi- 18th Mar & Mumbai- 8th Apr

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Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011

The Securities and Exchange Board of India has issued Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011. To Download the complete Regulations, please click on the link below: Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 Read More

Commercial Contract Masterclass: Delhi – 18th Mar & Mumbai – 8th Apr

Commercial Contract Masterclass: Delhi – 18th Mar & Mumbai – 8th Apr

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Highlights of Railway Budget for 2016-17

Following are highlights of the Railway Budget for 2016-17 (Apr-Mar), presented by Railway Minister Suresh Prabhu in Parliament today: GENERAL * Budget reflects aspirations of the entire railway family * Rail Budget reflects aspiration of all * Core objective is to improve individual experience * Rail Budget is the vision of PM Modi * Making… Read More

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