A manufacturing company "A", through a due process of law and by scheme of arrangement approved by Hon'ble High Court, got demerged. The existing company "A” retained its legal entity and continued to exist as a project undertaking and executed its on-going domestic/local orders. The newly formed demerged company "B" became a 100%EOU. The export orders so far handled by company “A” and the land, plant, machinery, workers, staff, all future liabilities were transferred through a scheme of arrangement as above to company “B”, while the domestic orders and present liabilties were retained by Company “A”. Company “A” retained some of the old employees and some contract labourers for carrying out its activities. A revised layout of the factory showing the areas of operation of the two companies and the High Court Order copy were submitted to Central Excise Department as well as Customs Authorities. Company “A” continued to file monthly return and other periodical reports to Central Excise Department. The Central Excise Department after obtaining recorded statements from some of the employees and managers and production staff took away some files records and other documents from the two companies and alleged that Company “A” does not have manufacturing facilities as the machinery work force etc were transferred to company “B”. It issued show cause notice disallowing the entire cenvat credit available in the books of company “A” and also the cenvat amounts already availed for clearing its manufactured goods after the demerger date. It may be noted that Company “A” continued to execute its domestic job orders. Is the Department justified in disallowing the cenvat credit? I request our expert panel for their valued opinion on this serious issue. Sorry my query is quite lengthy as my intention is to present full facts of the case. If there are any decided case laws, please let me know. Thanks a lot.

I m a student of PCC.
Is it necessary to byheart all the section numbers in law????
der r soo many sections 2 remember....
Are there any extra marks for writing section numbers?????
pl reply...........

I took termination from a firm this month.My principal has shown like I ve taken excess leave.ies I ve not worked two years thats the eligibility criteria for taking up final exams.My chance is in this nov 2007.Since I had already appiled for the exam,My friends are telling ICAI may withheld My results.I in a mess now.Dont know what to do.

Sir, i studied science in class 12, but i had accountancy and bookkeeping in class 8,9,10. Due to delay in postal, the study materials have reached 1 month late ie i have two months for prep. In the first 8 days(this week), i have finished first 2 chaps of ACC,first 3 of Eco, upto sequence of maths excluding permutations and have been stuck in Mercantile law's in first chapter where two units are remaining.

Can i finish the curriculum as well as revise with questions from sample papers before the nov cpt at this rate? or do i have to pace up even more?

I have left Additional exercises of maths so far,only the exercises have been done(with few doubts in each chaps)?

How to study Permutation and combination. i am currently in nepal so i don't have time to get the book replaced. Can i read that portion from CAT maths books and class 11 ncert book?
Can i find that portion on the net??

Sir,
I have been told that the ESI Act is exempt for units/factories which are away from the nearest ESI Hospitals by a speceified distance.
1.Is there any such exemption?
2.If yes, what is the distance beyond which if the factory is away from the ESI Hospital, it is exempt from the applicability of the act?
3.Is there any additional condition relating to this

I am a Income Tax assessee as a businessman since last 4 years in Meerut Jurisdiction. i want to know that whether i can fill my Tax return in Hyderabad Jurisdiction for Privous year 2006-2007. However my principal place of business is still Meerut.

Before accepting any case under section 138 of NIA what test are required at present. I want reference of case in which it is decided. If possible the copy of judgement of supreme court may also be provided.

Hi

I have registered for CA Articleship in an audit firm for a period of 3 years i.e from the year 1997 to 2000.

I have successfully completed my articleship but unfortunately i was not able to appear for any exam till today i.e till 2006.

Again I have enrolled for a new registration in the year 2005 for pursuing CA inter under the new syllabus

I would like to know whether my articleship is valid for the new registration and what would happen to my old registration.

If the articleship is not valid, how can I again enroll for articleship under the new syllabus as I am a full employee in an MNC and would not have the time to enroll for full time artichelship in any CA firm

Pls advise me

is there is any restriction on cources to be done while doing articleship.if yes mention details