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Respected Members
*QUOTES OF THE DAY:*
“It is not enough to be busy, so are the ants. The question is: what are we busy about?”
“व्यस्त रहना काफी नह ीं है, व्यस्त तो च ींटियाीं भ रहत हैं। सवाल यह है - हम ककस ललए व्यस्त हैं?”
Have a nice day
*INDUSTRY UPDATE:*
Petrol prices cut by Rs 1/litre, diesel by Rs 2
Price of petrol was today cut by Rs 1 a litre and diesel by Rs 2 per litre, the fourth reduction in
rates since July. Petrol will now cost Rs 60.09 a litre in Delhi from midnight as compared to
Rs 61.09 a litre currently, said Indian Oil Corp (IOC). The price of diesel will cost Rs 50.27 per
litre as against Rs 52.27.
*BUSINESS NEWS:*
Tata Group auto component firm Tata AutoComp Systems today said it will acquire engine
cooling supplier TitanX for an undisclosed sum.
*OTHER UPDATES:*
SEZs must register with council to avail duty drawbacks, exemptions
The government has made it mandatory for all special economic zones to obtain certificates
from the Export Promotion Council for SEZs and EOUs if they want rebates like duty
drawbacks. "The unit or the developer including co-developer shall obtain a registration-cum-
membership certificate for availing exemptions, drawbacks and concessions," the commerce
department said in a recent diktat.
*REGARDS*
CA Anshul Singhal
8505975170
anshulca.singhal@gmail.com

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Update 28.08.2016

  • 1. Respected Members *QUOTES OF THE DAY:* “It is not enough to be busy, so are the ants. The question is: what are we busy about?” “व्यस्त रहना काफी नह ीं है, व्यस्त तो च ींटियाीं भ रहत हैं। सवाल यह है - हम ककस ललए व्यस्त हैं?” Have a nice day *INDUSTRY UPDATE:* Petrol prices cut by Rs 1/litre, diesel by Rs 2 Price of petrol was today cut by Rs 1 a litre and diesel by Rs 2 per litre, the fourth reduction in rates since July. Petrol will now cost Rs 60.09 a litre in Delhi from midnight as compared to Rs 61.09 a litre currently, said Indian Oil Corp (IOC). The price of diesel will cost Rs 50.27 per litre as against Rs 52.27. *BUSINESS NEWS:* Tata Group auto component firm Tata AutoComp Systems today said it will acquire engine cooling supplier TitanX for an undisclosed sum. *OTHER UPDATES:* SEZs must register with council to avail duty drawbacks, exemptions The government has made it mandatory for all special economic zones to obtain certificates from the Export Promotion Council for SEZs and EOUs if they want rebates like duty drawbacks. "The unit or the developer including co-developer shall obtain a registration-cum- membership certificate for availing exemptions, drawbacks and concessions," the commerce department said in a recent diktat. *REGARDS* CA Anshul Singhal 8505975170 anshulca.singhal@gmail.com