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A voluntary organisation established on 6th July 1949, BCAS has presently more than 9,000 members from all over the country. BCAS is a principle-centered and learning-oriented organisation promoting quality service and excellence in the profession of Chartered Accountancy.
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December 2013

A. P. (DIR Series) Circular No. 71 dated 8th November, 2013 Advance Category – I Authorised Dealer Banks

By Gaurang Gandhi, Chartered Accountant

Reading Time 1 mins

Presently, advance remittance for import of rough diamonds into India can be made to nine mining companies without any limit and without Bank Guarantee or Standby Letter of Credit, by an importer (other than Public Sector Company or Department/ Undertaking of the Government of India/State Governments), subject to certain conditions.

This circular states that the names of two of the said nine companies have been changed as under:

i. De Beers UK Ltd to De Beers Global Sightholder Sales Proprietary Ltd.

ii. BHP Billiton, Belgium to Dominion Diamond Marketing.

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December 2013

A. P. (DIR Series) Circular No. 71 dated 8th November, 2013 Advance Category – I Authorised Dealer Banks

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December 2013

A. P. (DIR Series) Circular No. 71 dated 8th November, 2013 Advance Category – I Authorised Dealer Banks

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Ordinance Empowers SEBI Even More – and Brings Some Ambiguities

2013-TIOL-1394-CESTAT-DEL M/s ITC limited vs. Commissioner of Service Tax, Delhi.