We have a Pvt. Ltd Co. and having production of Refined Oil & Soya D.O.C.
We are exporting the Soya D.O.C. & this product have no excise duty.

At present at the time of stuffing of containers for export, the officer from Excise department comes to factory inspect and seal the containers.

Is there is any provision in the Act for self removal of goods for export under AR-4. Because I heard that there is provision in the act for self removal of goods under AR-4 but it is for excisable goods.

Please clerify

hello,
i have a query regarding PF applicability.A recent amendment came up on Oct 2008 which says that, A foreigner working in India is eligible for PF reg. if so, is it applicable even if in his Indian firm has less than 20 members.
my second query is If its applicable for only that individual foreigner than should everyone in that company has to get registered even the number of people working is less than 20.
(because if, for one person its applicable whole firm has to get registered)
hope I can get the reply at the earliest.


thanking you

Problem statement: A new inventory management system for Argie Inc.
could be developed at a cost of $250,000. The estimated operating
costs and estimated benefits over six years of operation would be:

Year Costs Benefits
0 $250,000 $ 0
1 7,000 52,000
2 9,400 68,000
3 11,000 82,000
4 14,000 115,000
5 15,000 120,000
6 16,000 120,000

- Assuming a 10% discount rate, what is this investment's NPV?
- What is the ROI for this investment?
- What would the payback period be for this investment?
- What is the IRR?
- Would it be a good or bad investment? Why?



- The time value of money refers to the concept of comparing present
cash outlays to future expected returns. A dollar today is worth more
than a dollar one year from today because money can be invested. The
rate at which money can be borrowed or invested is called the discount
rate (symbolized with an r).
- The present value (PV) is a measure of the time value and
represents the current value of a future cash flow (or CF).
– Net Present Value (NPV): The calculation of the discounted projected
cash flows of the investment over a number of periods (typically
years) . The NPV formula is as follows:


where n is the number of periods over which the calculation is applied

Note that each cashflow CFi can be positive or negative. Period
0 typically signals initial
investment

- Internal Rate of return (IRR): The discount rate r that makes NPV
equal zero . Can be seen as a threshold discount rate above which
the project/ investment renders some net present value. Can bes
estimated as the discount rate that will make the present value of the
projected cash flows equal to the investment


- The return on investment (ROI) is the ratio of the net cash receipts
of the project divided by the cash outlays of the project
- Payback period: Time required for the investment/project to become break even

Could some body send me the gist of As30 and 31 or some nice text on it

Can some one please clarify:

What is the time period within which as assessee should receive refund of income tax? If it is delayed what is the rate of interest and how is it calculated?most of the tax payers claim that they receive refund only after a year or more. Is it really so?Are they really paid interest?Can an assessee claim refund from assessing officer?What is its procedure?

A company has incurred advertisement expenditure of Rs. 5 crore in 2007-08 the effect of which will sustain for 3 years. what will be the treatment of such expenditure-whether it will be deferred or charged to the P/L or be treated as per AS-26. Please suggest.

what is the cite to check current and past rates of foreign currency to arrive exchange fluctuation

hi.
what is time period that can be allowed between transfer taken from one firm to another?
can i give my attempt for exam during this period if articleship period of 2 years is complete?
please help.
thanking you.

Sale of agricultural land by an assessee does not attract Capital Gains Tax. But when the assessee is a Corporate Entity will it be liable to pay Minimum Alternate Tax on the Sale Consideration recieved?

Sale of Agricutural land by an assessee does not attract Capital Gains Tax. But when an assessee is a Corporate entity will it be liable to pay Minimum Alternate Tax on the sale consideration received.