Cost of Advertising Cannot be added to the Assessable Value Unless It Is Recovered from the Dealers Mandatorily as a Condition of Dealership – Cestat, Mumbai
COST OF ADVERTISING CANNOT BE ADDED TO THE ASSESSABLE VALUE UNLESS IT IS RECOVERED FROM THE DEALERS MANDATORILY AS A CONDITION OF DEALERSHIP - CESTAT, Mumbai A. Brief Facts of the Case: 1.1 The appellants are manufacturer of excisable goods and were selling the products to various distributors and dealers. The appellants had… Read More
Tags: Central Excise Act, CESTAT, Cost of advertisement and publicity, Valuation
Discount known prior to clearance of goods must be deducted from Transaction Value – CESTAT
ACTUAL AMOUNT THAT THE BUYER IS LIABLE TO PAY AT THE TIME OF SALE OR AT ANY OTHER TIME SHALL BE THE TRANSACTION VALUE: CESTAT - MUMBAI A. Brief Facts of the Case: 1.1 In this case, the Appellant are the manufacturer of P & P Medicines falling under sub-heading No. 3003.10 of the… Read More
Tags: Central Excise, CESTAT, Indirect Taxation, Valuation
RBI Circular w.r.t. Investment portfolio of banks Classification, Valuation and Provisioning
RBI/2013-14/198 DBOD.BP.BC.No. 41/21.04.141/2013-14 August 23, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Investment portfolio of banks Classification, Valuation and Provisioning Please refer to our Circular DBOD.No.BP.BC.92/21.04.141/2012-13 dated May 15, 2013 on ˜SLR Holdings under Held to Maturity Category™ in terms of which banks are permitted to exceed the limit of 25 per cent of total… Read More
Tags: Bank, HTM, HTM Personenvervoer, Mark-to-market accounting, NDTL, Rajesh Verma, Statutory Liquidity Ratio, Valuation
TRAI releases Consultation Paper on Valuation and Reserve Price of Spectrum
The Telecom Regulatory Authority of India (TRAI) has released Consultation Paper on Valuation and Reserve Price of Spectrum. On 10th July 2013 the Department of Telecommunications (DoT) sought the TRAI™s recommendations on the applicable reserve price for the auction of spectrum in 800 MHz, 900 MHz and 1800 MHz bands. In this context, TRAI has… Read More
Tags: Department of Telecommunications, DoT, Hertz, New Delhi, Supreme Court, Telecom Regulatory Authority of India, TRAI, Valuation
Master Circular – Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by FIs
RBI/2013-14/79 DBOD.No.FID.FIC.3/01.02.00/2013-14 July 1, 2013 The CEOs of the All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Master Circular - Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by FIs Please refer to Master Circular DBOD.No.FID.FIC.3/01.02.00/2012-13 dated July 02, 2012 on the captioned subject. The enclosed Master Circular consolidates and updates… Read More
Tags: EXIM bank, India, Master Circular, National Bank for Agriculture and Rural Development, Rajesh Verma, Reserve Bank of India, Small Industries Development Bank of India, Valuation
Master Circular Prudential norms for Classification, Valuation and Operation of Investment Portfolio by Banks
RBI/2012-13/109 DBOD No BP.BC. 8/21.04.141/2013-14 July 1, 2013 All Commercial Banks (excluding Regional Rural Banks) Dear Sir, Master Circular Prudential norms for Classification, Valuation and Operation of Investment Portfolio by Banks Please refer to the Master Circular No. DBOD.BP.BC.13/21.04.141/2012-13 dated July 2, 2012, containing consolidated instructions/guidelines issued to banks till June 30, 2012, on matters relating to… Read More
Tags: Bank, Commercial bank, General manager, July 2 2012, June 30 2013, Master Circular, Valuation