Interpretation of term Place of Removal by Supreme Court
Hon. Supreme Court in the case of Commissioner of Customs & Central Excise v. Ispat Industries Ltd. (2015) 62 taxmann.com 97 (SC) has held that a Place of removal can only be the premises of a manufacturer. As per Sec. 4 of Central Excise Act, 1944 and Rule 2 (qa) of CCR, 2004 "place of… Read More
Exchange Rate Notification with effect from 13th January, 2016 which seeks to amend Notification No. 02/2016-Cus (NT) dt. 07-01-2016
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 12/2016 - Customs (N.T.) Dated the 12th January, 2016 In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following… Read More
Seeks to rescinding Notification No. 09/95-Customs dated 06.03.1995.
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF EXCISE AND CUSTOMS) … Read More
THE NEGOTIABLE INSTRUMENTS ACT ORDINANCE, 2015
The Negotiable Instruments Act Ordinance, 2015 is passed by the President on immediate basis whereas it has been passed by the Lok Sabha and is pending in the Rajya Sabha as the parliament is not yet in session. The basic reason as to why this amendment is brought in is to resolve/clarify the jurisdiction issues… Read More
Mandatory requirements / Exit Policy for Commodity Derivatives Exchanges
CIRCULAR CIR/CDMRD/DEA/01/2016 January 11, 2016 To, The Managing Directors / Chief Executive Officers of all Commodity Derivatives Exchanges Dear Sir / Madam, Sub.: Mandatory requirements / Exit Policy for Commodity Derivatives Exchanges 1. In terms of Finance Act, 2015, the associations recognized under the erstwhile Forward Contracts (Regulation) Act, 1952 as on 28th September, 2015… Read More
Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) (Amendment) Regulations, 2016
GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, January 11, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 11thJanuary, 2016 SECURITIES CONTRACTS (REGULATION) (STOCK EXCHANGES AND CLEARING CORPORATIONS) (AMENDMENT) REGULATIONS, 2016 No.SEBI/LAD-NRO/GN/2015-16/29.-In exercise of the powers conferred by section 31 of the Securities Contracts (Regulation) Act,… Read More
Nokia C6 Contract: A High-tech Phone Now With Cheap cheap Deals.
See how technology makes working and living easier with new developments. Any improvement in the sense that field shortens, space, volume, improves speed and productivity, and simplifies work. The coming of the computer has achieved this. A ton of data have been once kept in huge volumes of files, shelves and cabinets have come to… Read More
Pension Fund regulator issues draft norms for new pension scheme
NEW DELHI: Pension fund regulator PFRDA is framing rules for 'retirement advisers' who are expected to play a major role in propagating the New Pension System (NPS). "Retirement Adviser can play a significant role in helping the prospects/subscribers in deciding retirement plans. Accordingly, it is proposed to issue Regulations for Retirement Advisers," the Pension Fund… Read More
EPFO removes 5-day grace period for employer contributions
NEW DELHI: Retirement fund body EPFO has removed the grace period of five days given to employers to deposit the provident fund (PF) contribution. Earlier, employers paid the PF contributions and administrative charges within 15 days of close of every month and had a grace period of five days. The grace period was to remit… Read More
Changes in the APAR format for the Assessing Officers
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 8 th January, 2016 Subject: Changes in the APAR format for the Assessing Officers-regarding-. The Income Tax Department is committed to the objective of timely delivery of quality taxpayer services in a fair and transparent environment. The… Read More
Rate of exchange of conversion of the foreign currency with effect from 8th January, 2016
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 02/2016 - Customs (N.T.) Dated the 07th January, 2016 In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Central Board of… Read More
Shut law colleges which lack infra : CJI to BCI
Chief Justice of India T S Thakur today asked the Bar Council of India (BCI), the apex body of lawyers, to crack the whip on law colleges which lack appropriate infrastructure by shutting them down. "There are law colleges where you may not have faculty, no library or where attendance will not be marked. I… Read More
FAQs on SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Frequently Asked Questions(FAQs) January 08, 2016 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Disclaimer: Based on queries/ comments received from market participants, these FAQs have been prepared to provide guidance on the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Regulations", "Listing Regulations", "LR") and circulars issued there under. For full… Read More
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