eMinds Legal Advocates & Solicitors
eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.
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Ruling under section 85 of DVAT Act, 2004 in respect of Sun Glasses
(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY), GOVERNMENT OF NATIONAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES, COMMISSIONER, VAT VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110002 No. 337/CDVAT/2013/163 Dated: 11-6-2013 NOTIFICATION Ruling under section 85 of DVAT Act, 2004 in respect of Sun Glasses. VATO (Ward-101), Department of Trade & Taxes, has… Read More
FM Speak – India Continues to Remain a Desired Destination for FDI and FII
Increased Domestic Production of Oil, Coal & Restraining Gold Consumption can Contain CAD; India Continues to Remain a Desired Destination for FDI and FII P. Chidambaram The only way to contain Current Account Deficit (CAD) is to increase the domestic production of oil & coal and restraining the consumption of gold, says the Union Finance Minister… Read More
Auction for Sale (Re-Issue) of Government Stock
Government of India have announced the Sale (re-issue) of (i) 7.28 per cent Government Stock 2019 for a notified amount of Rs. 3,000 crore (nominal) through price based auction, (ii) 7.16 per cent Government Stock 2023 for a notified amount of Rs. 6,000 crore (nominal) through price based auction , (iii) 8.97 percent Government Stock 2030 for a notified amount of Rs. 3,000 crore (nominal) through price based auction and (iv) 8.83… Read More
TRAI Reduces National Roaming Tariff Ceilings
TRAI Reduces National Roaming Tariff Ceilings, Permits Customised Tariffs Through Special Tariff Vouchers for National Roamers and Mandates Free National Roaming Plans TRAI has reduced ceilings for national roaming calls and SMS and instituted a new regime for providing flexibility to telecom service providers to customise tariffs for national roamers through STVs and Combo Vouchers. TRAI… Read More
India Post Launches Logistics Post Air Service
India Post has started Logistics Post Air Service in Association with Air India on identified sectors amongst 15 linking airports, Agartala, Delhi, Mumbai, Kolkata, Nagpur, Bangalore, Hyderabad, Chennai, Pune, Ahmedabad, Imphal, Guwahati, Patna, Lucknow & Trivandrum (Thiruvananthapuram). The main features of this service include. (i) First Category: Airport. Customer to deposit the consignment at the postal facility available at the airport… Read More
India™s Foreign Trade Report – May, 2013
EXPORTS (including re-exports) Exports during May, 2013 were valued at US $ 24505.66 million (Rs. 134807.62 crore) which was 1.11 per cent lower in Dollar terms (0.13 per cent lower in Rupee terms) than the level of US $ 24779.72 million (Rs. 134983.82 crore) during May, 2012. Cumulative value of exports for the period April-May 2013 -14 was… Read More
Review of Prudential Guidelines on Restructuring of Advances by Financial Institutions (FIs)
RBI/2012-13/534 DBOD.FID.FIC.No.5/01.02.00 /2012-13 June 17, 2013 The CEOs of All-India Term-Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Review of Prudential Guidelines on Restructuring of Advances by Financial Institutions (FIs) In continuation of our letter DBOD.FID.FIC.No.6/01.02.00/2010-11 dated October 14, 2010 on the captioned subject, please find enclosed circular DBOD.BP.BC.No.99/ 21.04.132/2012-13 dated May 30, 2013 and… Read More
RBI Publishes Mid-Quarter Monetary Policy Review: June 2013
Monetary and Liquidity Measures On the basis of an assessment of the current macroeconomic situation, it has been decided to: keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of their net demand and time liabilities; and keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at… Read More
United Nations Practical Manual on Transfer Pricing
The United Nations has recently released a publication namely Practical Manual on Transfer Pricing. The Manual is said to contain valuable discussions on a large number of important topics related to the subject of Transfer pricing. There is a detailed discussion on the different types of transfer methods available for calculation of transfer price, such… Read More
High Court Explains Tax Implications Of Foreign Co’s Liaison Office In India
Ratio of the Case: According to Section 5 & 9 of the Income Tax Act, 1962, the income towards products sourced by overseas buyers, for products manufactured in India - is not attributable to the Liaison Office set up to arrange the sourcing. This is the the case, even if fee for this service rendered is received from… Read More
Format for seeking clarifications on the FDI policy issues
(Bharat Sarkar) Ministry of Commerce & Industry (Vanijya our Udyog Mantralay) Department of Industrial Policy & Promotion (Audyogik Neeti Aur Samvardhan Vibhag) Dated the May10, 2013 NOTICE Subject: Format for seeking clarifications on the FDI policy issues This Department has been receiving a large number of requests from various stakeholders seeking clarifications on the provisions of FDI policy. It is noted that many of the requests for clarification do… Read More
Central Excise Notification – Amendments with respect to FT Policy – substitutions and insertions
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 21 / 2013-Central Excise New Delhi, dated the 13th June, 2013 G.S.R. 372(E).- In exercise of the powers conferred by sub-section (1) of section 5A of theCentral Excise Act, 1944 (1 of 1944),… Read More
Service tax amendment notification in relation to Foreign Trade Policy – substitutions
[TO BE PUBLISED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (i)] Government of India Ministry of Finance (Department of Revenue) Notification No. 11 / 2013 - Service Tax New Delhi, the 13th June, 2013 G.S.R. 373(E).- In exercise of the powers conferred by sub-section (1) of section 93 of theFinance Act, 1994 (32 of… Read More
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