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.
A:544, Tower B2, Spaze i-Tech Park Gurgaon, Haryana, India
Amendment in Para 2.43.2 (c) of Handbook of Procedure Vol. I, 2009-2014
TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-1, SECTION-1 GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE PUBLIC NOTICE NO. 14 (RE 2013)/2009-2014 NEW DELHI, DATED THE 17th May, 2013 Subject: Amendment in Para 2.43.2 (c) of Handbook of Procedure Vol. I, 2009-2014. In exercise of… Read More
Directorate General of Central Excise Intelligence Books Case Against M/S Bhushan Steels Ltd for Duty Evasion
Directorate General of Central Excise Intelligence (Hqrs.), New Delhi, a unit of Central Board of Excise and Customs (CBEC), Department of Revenue, Ministry of Finance recently has booked a case against M/S Bhushan Steels Ltd. (M/s BSL), village-Nifan, near Khopoli, Distt. Raigad (Maharashtra) , a manufacturer of hot/cold rolled ˜galvanized™ products, for fraudulent availment of… Read More
Civil Aviation Minister Takes Action Against Erring Officers
The Minister for Civil Aviation, Shri Ajit Singh has taken a decision to award minor penalty of censure to four officers of DGCA namely Shri James George, Assistant Director (Airworthiness), Shri V.P. Massey, Director (Airworthiness), Shri R.K. Yadav, Assistant Director (Airworthiness) and Shri Rajiv Gaur, Assistant Director (AE) for non-intimation of employment of their dependents… Read More
Perspectives on Banking in India
(Speech by Shri Deepak Mohanty, Executive Director, Reserve Bank of India, delivered at the 5th Indian Chamber of Commerce (ICC) Banking Summit, at Kolkata on May 18, 2013) I thank Shri Rajiv Mundhra, President Indian Chamber of Commerce (ICC) and Shri Rajeev Singh, Director General ICC for the opportunity to be a part of this… Read More
India and United Kingdom Sign MOU on cooperation in Health sector
Union Minister of Health & Family Welfare India, ShriGhulamNabi Azad and Secretary of State for Health, UK, Mr. Jeremy Richard Hunt signed an MOU on cooperation in the field of health sector last evening at Geneva between the Government of India and the Government of the United Kingdom of Great Britain and Northern Ireland. Describing… Read More
Revision of Guidelines For JNNSM
The guidelines for selection of solar power projects under the JNNSM issued in July, 2010 incorporated the following main provisions for allotment of the projects to companies: Eligible project capacity: 5 MW for Solar PV and 5 MW to 100 MW for Solar thermal projects. No. of applications by one company (including its parent, affiliate… Read More
Commissions to related parties for services rendered is allowable as an expenditure
CLR Editorial Note: (Extract from the Case file) Question No.(i) pertains to addition of Rs.33.33 lakhs (rounded off) made by the Assessing Officer towards the commission paid to related parties. The Assessing Officer made such addition despite the assessee pointing out that the parties to whom such commissions were paid were associated with the associated company since its inception. The… Read More
Anti-dumping duty on imports of Peroxosulphate from China
[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. 11 /2013-Customs (ADD) New Delhi, the 16th May, 2013 G.S.R. (E). -Whereas, the designated authority vide notification No. 15/9/2011-DGAD, dated the 13th March, 2012, published in the Gazette of India, Extraordinary,… Read More
Fact that payment is used for ˜illegal™ purpose does not attract Explanation to Section 37(1) –
CLR Editorial Notes: The assessee exported tea to Iraq under the ˜Oil for Food Program™, as sanctioned by the United Nations. It paid commission of Rs 1.28 crores to one Alia Transportation, a Jordanian company. The Volcker Committee, which was set up to expose the ˜Oil for Food scam™ found that this company was a front… Read More
Disallowance under Sec 14A – Rule 8D cannot be invoked without showing how assessee™s method is wrong
CLR Editorial Notes: In the Assessment Year 2008-09, the assessee in this case had PMS investments in shares of Rs. 202 crores and other investments on which it earned dividends of Rs. 8.14 crores. The assessee claimed that the dividends were received only on a few scrips and computed section 14A disallowance by identifying specific… Read More
45th Session of the Indian Labour Conference Concludes with A Resolve
45th Session of the Indian Labour Conference Concludes with A Resolve to Provide Universal Social Security Coverage and Assured Pension to the Entire Working Population The 45th Session of the Indian Labour Conference (ILC) today concluded with a resolve to provide universal social security coverage and assured pension to the entire working population. During the… Read More
Union Home Minister Leaves for USA to Attend Homeland Security Dialogue
Shri Sushilkumar Shinde, Union Home Minister is leading a high level delegation to USA from 19th to 23rd May 2013 to attend Indo-American Homeland Security Dialogue on invitation from Secretary, Department of Homeland Security (Home Minister of USA) Ms Janet Napolitano. Shri Shinde would be meeting Secretary, Department of Homeland Security, Ms Janet Napolitano and… Read More
Format of ANF 3F – for Incremental Export Incentivisation Scheme
(To be published in The Gazette of India Extraordinary Part-I-Section-1) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi. Public Notice No. 13/2009-2014 (RE- 2013) The 17th May, 2013 Subject: Format of ANF 3F (for Incremental Export Incentivisation Scheme). In exercise of the powers conferred… Read More
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