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ANDHRA CHAMBER OF COMMERCE
Vol. LXXIII
January 2020
INFORMATION BULLETIN
PROGRESS THROUGH COMMERCE AND INDUSTRY
www.andhrachamber.com
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Contents
Bulletin Advisory BoArd
Shri Ch. Venkateswara Rao
Vice-President
Shri R.R. Padmanabhan
Chairman,
Foreign Trade and Skill Development
Sub-Committees
Shri V.V. Sampath Kumar
Chairman, Indirect Taxes Sub-Committee
Shri K.n. Suresh Babu
Chairman, Public Relations Sub-Committee
Shri M.K. Anand
Chairman
Information Technology
Computerisation Telecom
and MSME, Subcommittees
Shri V.S. Prasanth Kumar
Co-Chairman
MSME Subcommittee
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Editor And PublisherAndhra Chamber of Commerce, Chennai
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PRESIDENT DESK 03
MSME Lecture Series On “Know More About Finance – Inventory & Costing”, Chennai 04
Advanced Level Ecommerce & Digital Marketing Workshop, Hyderabad 05
Outreach Programme on “New Gst Return Filing & Sabka Vishwas”, Chennai 06
Seminar on “Plastics Recycling & Waste Management”, Vijayawada 07
Interaction meeting on “EASE OF DOING BUSINESS”, Chennai 08
Presentation on “Brand Equity”, Chennai 09
FOREIGN TRADE – Statistics 10
Recent Judgements in VAT CST GST by Mr. V.V. Sampath Kumar 14
Cut the wedges and serve- Going that extra mile! by Mr. R.R.Padmanabhan 16
Personal Development with a Purpose by Mr. S. Prakash 18
Independent Director by CS.U.Siddharth 20
Investment options: A Strategic Approach by Prof B. Venkateswaran 22
Consumer Price Index & Govt. Notification 24
Updation of Membership Details 26
Upcoming Programme 27
Holidays list of Andhra Chamber of Commerce for the Year 2020 28
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Dear Members,
The year 2020 has started and India’s 71st Republic Day celebrations are around the corner.
As we are all aware, Hon’ble Prime Minister Sri Narendra Modi is reiterating the industry members for a focussed effort to make India a USD 5 trillion economy.
Prime Minister said that the sectors like tourism, urban development, infrastructure and Agri-based industry have a great potential to taking forward the economy and for employment generation.
If suitable measures are taken by the Government to boost growth and create jobs, achieving 5 trillion economy would be possible. Government also should focus more on credit expansion, exports growth, Governance of Public Sector Banks.
Major reforms are needed in the agriculture sector because that’s where close to 58% of India lives. So, let us hope that the forthcoming Budget will bring in some good structural reforms for both MSMEs and large industries so as to march towards the goal of USD 5 trillion economy.
Our father of the Nation Gandhiji once said, “The path is the goal”. He never compromised on his path to attain the goals. During this Republic day month, let us get inspiration from his thoughts and actions, and choose the sustainable path to attain our big dreams.
I wish you all a Happy Republic Day !
Thank you.
Dr. V.L. INDIRA DUTTPresident
Pr
esid
ent
des
k
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C H A M B e r
Andhra Chamber has around 16 sub committees for various fields and MSME, Foreign Trade, Skill Development, Indirect
taxes, Direct taxes, Renewable energy etc., are to name a few.
The MSME Subcommittee launched the lecture series session on the 4th December 2019 on the above topic.
Mr.Anand, Chairman of the MSME Sub committee welcomed the participants and also briefed about the importance of the digital marketing usage by the MSMEs in today’s business scenario. He also briefed about the profile of the Andhra Chamber of commerce and its recent initiatives on Digital Marketing workshops.
The technical session was handled by Sri Chandrachudan, Former Banker, NBFC Expert, MSME Turnaround specialist. He started his presentation with the challenges that the MSMEs are facing today. He highlighted the following challenges.
• Rapidly changing market demand
• Employees want career upgradation
• Capacity constraints relating to knowledge, innovation and creativity
• Lack of economies of scale & scope
• Increased market competition from multinational enterprises
• Inability to compete against larger firms in terms of R & D expenditure & Innovation (Product, process & organization)
He also discussed about a recent study on MSMEs, the major findings and possible solutions which were the findings of the study, as below
Findings Possible solutions
Sales falling support in Marketing & Sales
Price realisation Finding alternatefalling clients & upgrading/
Negotiating skills
Efficiency at work falling Skill upgradation
Good employees leaving Motivation of workforce
Credit availability Debtor Managementdeclining skills
Mr.Chandrachudan in his presentation said that the MSMEs can increase their efficiency through Robust Debtor Management, Adequate working capital, Balanced production cycle, optimum utilisation of resources, employee skill upgradation etc.,
MSME LECTURE SERIES on
“KNOW MORE ABOUT FINANCE – INVENTORY & COSTING”4Th DECEMBER 2019
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Through optimum inventory stocking, prudent Inventory Management, disposal of extras, unwanted inventory, the MSMEs can manage their inventory better.
His presentation also touched upon Resource
Management, Balance Sheet and maintaining a good rapport with the banks for credit/funds.
The presentation was followed by Q & A session. The programme was attended by 45 MSMEs.
ADVANCED ECOMMERCE &DIGITAL MARKETING WORKShOP, hYDERABAD
With an objective to create awareness on cost effective solutions in Ecommerce and Digital Marketing, Andhra Chamber
of Commerce in association with the Friedrich Naumann Foundation for Freedom organised the Advanced level Workshop on Ecommerce and Digital Marketing” on the 6th & 7th December 2019 at Hotel Taj Deccan, Hyderabad. Mr. Mohammed Ilias, resourse person of the Workshop explained various tools in Digital Marketing and helped the participants to implement the same.
What Participants Learned in Specific (Take aways - Day 1)
1. Search Engine : In nutshell the brief history of search engine was presented. Participants were curious to know how google thinks and what they can do to rank well in Google - enough insights on the subject was shared which lighted the entire mood with Google - more human thinking than machine thinking is the way forward to really score a good place in google ranking was the most liked takeaway from this module
2. Landing Page : Creation of landing page was very much stressed in Level 1 participants were curious to learn more. One live example of “Water Treatment chemical Manufacturer” B2B was taken and the power of landing page was illustrated. All the participants helped in creating this page by implementing the formula learned in level 1. This was one main highlight. Right after that many came to me asking for suggestions to build a landing page for till late night.
3. Google My Business : A night prior Google My Business account setup self help video was shared so that they could come prepared with the account setup. Some did early and some others created the account with our help during
the session and kickstarted their first Google My Business Page - which is the first step towards online visibility and beating giants in the industry. Those who already had accounts were taught how to optimise their Google My Business Page to attract more traffic and better their conversions.
4. Google AdWords : All the participants were taught how to open their google adwords account and they opened their first adwords account, configured their cards and kickstarted their first LIVE campaign.
5. SEO Blueprint : The inside workings of SEO was shared for a better understanding of how to create pages desirable by Google and specific implementation takeaways were shared.
6. Funnel Hacking : The specialised revenue generating subject of funnel hacking was clearly demonstrated with two live examples.
What Participants Learned in Specific (Take aways - Day 2)
1. Science of Social Media : How to understand social media, logic that flows in various social medias and who owns which social media and how that impacts business were the main take-ways
2. Facebook : Facebook as a Hangout medium suitable for what type of business, how to use it, how not to use it and it will be a real help was charted out clearly. Participants were taught the difference between a business page and profile page and when to use what. Participants created business page and those who already had a business page optimised it further
3. Youtube : Youtube is the medium for the layman as well a highly educated. Regional content works in youtube was the key message.
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OUTREACH PROGRAMME ON
“NEW GST RETURN FILING & SABKA VIShWAS”ON ThE 11Th DECEMBER 2019
Participants opened their first youtube channel and those who already had were taught advanced techniques on how to optimise it further. A clear cut strategy on how to create the content and grow the channel was shared.
4. Linkedin, Instagram & Tiktok : Many myths about Tiktok were clarified which was an eye opener for many. All opened their Linkedin and Insta account and those who already had accounts optimised it
5. Digital marketing Plan : The best Part of day 2 was every participant was asked to share their social media strategy and the response for bettering the strategy came from all other participants which was validated and improvised with more ideas by resource person. This was the most interactive session where participants wrote down their 3 months plan from now.
To understand the benefits of the scheme and how the relief is provided to the people and how does the scheme works etc., and also
the changes in the New GST return filing, Andhra Chamber of Commerce organised a programme on New GST return filing and Sabka Vishwas on the 11th December 2019 at the Chamber’s conference Hall.
Dr V.L.Indira Dutt, President of Andhra Chamber of Commerce welcomed the gathering and congratulated Mr.Sampath Kumar & Mr.J.Murali for organising this programme for the benefit of the members.
Mr.Sampath Kumar, Chairman, Indirect Taxes sub committee of the Chamber introduced the Chief Guest Mr. M TAMIZH VENDAN, IRS., Additional Commissioner, Central Goods & Service Tax & Central Excise, Chennai North Commissionerate and thanked him for accepting the invitation at such a short notice.
Mr. M TAMIZH VENDAN, IRS., Additional Commissioner, Central Goods & Service Tax & Central Excise, Chennai North Commissionerate in his address said that the Sabka Vishwas Scheme, 2019 is a scheme proposed in the Union Budget, 2019, and introduced to resolve all disputes relating to the erstwhile Service Tax and Central Excise Acts, which are now subsumed under GST, as well as 26 other Indirect Tax enactments.
The scheme has been notified by the CBIC to
come into force on the 1st of September, 2019, and shall be operational until the 31st of December, 2019.
The technical session was handled by Ms.Sreedevi, Superintendent, Central Goods & Service Tax & Central Excise, Chennai North Commissionerate. In her presentation she said that the periodicity of the new GST returns, is as below.
• Periodicity of filing return will be deemed to be monthly for all taxpayers unless quarterly filing of the return is opted for.
• For newly registered taxpayers, turnover will be considered as zero and hence they will have the option to file monthly, Sahaj, Sugam or Quarterly (Normal) return.
• The periodicity of the return filing will remain unchanged during the next financial year unless changed before filing the first return of that year.
• Missing Invoices Credit : Taxpayers opting to file monthly return or Quarterly (Normal) return shall only be able to declare all types of outward supplies, inward supplies and take credit on missing invoices.
She has taken a guided tour of the New GST Return filing step by step through forms and what all need to be taken care of by the industry members while filing.
Sixty participants attended the programme and found it very useful.
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Seminar on
“PLASTICS RECYCLING & WASTE MANAGEMENT”ON ThE 17Th DECEMBER 2019 IN VIjAYAWADA
The Vijayawada chapter of Andhra Chamber of Commerce organised a Seminar on ‘Plastic recycling and waste management’
to highlight the need for sensibly handling of plastic waste in the event of irreparable damage being caused by its indiscriminate dumping.
Chief Guest of the seminar Ms.Vidya Amarnath, Managing Director of Paterson Energy Pvt. Ltd., Chennai in her address said that plastic which was once the greatest invention turned into a problem after capitalism.
She said. “Plastic is not the problem, but its indiscriminate and mindless disposal by the people is a cause for concern. Uncollected plastic waste is being dumped in the environment which is increasing day by day. There is still no alternative to plastics used in industries for packaging products from food grains to cars,”
Explaining the way of converting plastic into fuel at her industries, Ms. Vidya said that “At their startup, they had developed a process called ‘thermo chemical depolymerisation (pyrolysis)’ through which they process the waste plastics to a product similar to petroleum product. Plastic which is made through polymerisation from petroleum when heated between 350 to 600 centigrades temperature gives rise to vapour consisting hydrocarbons which, when condensed and cooled, becomes high-grade diesel variant fuel,”
“This enables perfect circular economy in many industries and the process has zero affluent and zero-emission. The fuel generated could be used in the furnaces, boilers, kilns, generators and others to generate heat or electricity. Any kind of plastic waste generated at households or industries could be used to generate the fuel and one tonne of plastic waste could generate 40% to 50% fuel,” she said.
Mr.V. Kiran Kumar, Director and head of Central Institute of Plastic Engineering and Technology (Centre for Skilling and Technical Support) Vijayawada, said that plastic was never a problem to the society.
He said “If plastic is disposed properly there would be no problem with it. There is a need for society to do away with the habit of littering. India has the highest recycling capabilities in the world yet we have a lot of issues. Disposing of plastic properly would end 80% of the problems,”.
Secretary General of Andhra Chamber of Commerce Smt R.Vijayalakshmi in her welcome speech briefed the aims and activities of Andhra Chamber of Commerce.
Andhra Chamber of Commerce, Vijayawada Chapter chairman Sri M. Rajaiah said that the seminar was organised to create awareness among the industrialists regarding plastic waste management.
The programme was well attended by around 130 industry members from in and around Vijayawada.
INTERACTION MEETING ON
“EASE OF DOING BUSINESS”hELD ON ThE 24Th DECEMBER 2019
The Ease of Doing Business (EoDB) index is a ranking system established by the World Bank Group. In the EODB index,
‘higher rankings’ (a lower numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights. Considering the importance of this subject, the Chamber organised an interactive session on Ease of doing Business on the 24th December 2019.
The ranking is done based on the following ten parameters
1. Construction Permits
2. Getting Electricity
3. Trading Across Borders
4. Paying Taxes
5. Resolving Insolvency
6. Enforcing Contracts
7. Starting a Business
8. Getting Credit
9. Protecting Minority Investors
10. Registering Property
India is one of the 10 economies that implemented most reforms in doing business.
India is facing continued progress in World Bank Ease of doing Business ranking.
India climbed 14 places and reached 63rd rank
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Presentation on
“BRAND EqUITY” DECEMBER 26, 2019
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Andhra Chamber of commerce in partnership with Madras Management Association organises knowledge sharing sessions on the last Wednesday of every month for the benefit of its members and this is the 93rd Joint session on “Brand Equity”.
Shri H. Sabari Gireesh, Corporate Trainer briefed about various useful brand equity measures.
He explained the basics of Brand Equity and some of the frameworks used to measure the same,
which will in turn help in better understanding the core relationship between consumers and brands.
The session was followed by Q & A session. Earlier Mr.R.R.Padmanabhan, Chairman, Skill development Sub-Committee of the Chamber welcomed the gathering and introduced the speaker. Mr. N.Ravikumar,Joint Secretary of the Chamber proposed vote of thanks. The programme was attended by around 25 industry members.
among 190 countries in the World Bank’s Ease of doing Business 2020 survey. India ranks 63rd position now and aiming to reach within 50 ranks by 2020. This is the motto of Hon’ble Prime Minister of India, said Shri M.R.Bhat, Regional Director (South), Ministry of Corporate affairs, Government of India.
India performed better in six of 10 parameters used for the ranking.
1. Starting a business
2. Dealing with construction permits
3. Trading across borders
4. Resolving insolvency
5. Paying taxes
6. Getting Electricity
- Performance fell in Registration of Properties.
New Zealand has retained its position at the top of the ease of doing business, regulatory architecture, procedural ease, and absence of bureaucratic red tape.
Ms.Meenakshi, Joint Director, Ministry of Corporate Affairs, Government of India made a
detailed presentation on the Ease of doing business which covered how and where India fares well and also she also detailed on Government Process Re engineering.
She also said in her presentation that Ministry vide order dated 18.9.2019 constituted a Special Committee called Company Law Committee headed by Secretary MCA focusing on the EoDB wherein it was decided to decriminalise some more provisions under the Companies Act, 2013 and to plug the gaps in the existing LLP Act, 2008. She explained the recommendations of the Ministry of Corporate Affairs to the Government.
Dr V.L.Indira Dutt, President of the Chamber welcomed the gathering and congratulated the Company law sub-committee for organising this programme.
Sri G.Ramachandran, Chairman, Company Law sub-committee of the Chamber introduced the speakers and also said that the suggestions on the process of Ease of doing business will be received from the members and compiled and sent to the Government for implementation. Sri Ch.Venkateswara Rao, Vice President of the Chamber proposed vote of thanks.
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FOreiGn trAdestAtistiCs
India’s overall exports (Merchandise and Services combined) in April-December 2019-20* are estimated to
be USD 397.48 billion, exhibiting a positive growth of 0.93 per cent over the same period last year. Overall
imports in April-December 2019-20* are estimated to be USD 455.14 billion, exhibiting a negative growth of
(-)5.82 per cent over the same period last year.
India’s Foreign Trade (Merchandise): November 2019
* Note: The latest data for services sector released by RBI is for November 2019. The data for December 2019 is an estimation, which will be revised based on RBI’s subsequent release.
I. MERCHAnDISE TRADE
EXPORTS (including re-exports)
Exports in December 2019 were USD 27.36
billion, as compared to USD 27.86 billion in
December 2019, exhibiting a negative growth of
(-)1.80 per cent. In Rupee terms, exports were
` 1,94,764.74 crore in December 2019, as compared
to ̀ 1,97,044.76 crore in December 2018, registering
a negative growth of (-)1.16 per cent.
In December 2019, major commodity groups
of export showing positive growth over the
corresponding month of last year are
Cumulative value of exports for the period
April-December 2019-20 was USD 239.29 billion
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(` 16,84,558.61 crore) as against USD 244.08
billion (` 17,02,261.31 crore) during the period
April-December 2018-19, registering a negative
growth of (-)1.96 per cent in Dollar terms (negative
growth of (-)1.04 per cent in Rupee terms).
Non-petroleum and Non Gems and Jewellery
exports in December 2019 were USD 21.05 billion,
as compared to USD 21.16 billion in December
2018, exhibiting a negative growth of (-)0.54 per
cent. Non-petroleum and Non Gems and Jewellery
exports in April-December 2019-20 were USD
177.81 billion, as compared to USD 177.65 billion
for the corresponding period in 2018-19, an increase
of 0.09 per cent.
IMPORTS
Imports in December 2019 were USD 38.61
billion (` 2,74,883.64 crore), which was 8.83
per cent lower in Dollar terms and 8.24 per cent
lower in Rupee terms over imports of USD 42.35
billion (` 2,99,553.40 crore) in December 2018.
Cumulative value of imports for the period April-
December 2019-20 was USD 357.39 billion
(` 25,14,783.82 crore), as against USD 392.31
billion (` 27,37,092.01 crore) during the period
April-December 2018-19, registering a negative
growth of (-)8.90 per cent in Dollar terms (negative
growth of (-)8.12 per cent in Rupee terms).
Major commodity groups of import showing
negative growth in December 2019 over the
corresponding month of last year are:
CRUDE OIL AnD nOn-OIL IMPORTS:
Oil imports inDecember 2019 were USD
10.69 billion (` 76,136.69 crore), which was 0.83
percentlower in Dollar terms (0.18 percent lower
in Rupee terms), compared to USD 10.78 billion
(` 76,275.54 crore) in December 2018. Oil imports
in April-December 2019-20 were USD 95.69
billion (` 6,73,447.56 crore) which was 11.78 per
cent lower in Dollar terms (11.13 per cent lower
in Rupee terms) compared to USD 108.47 billion
(` 7,57,772.55 crore), over the same period last year.
In this connection it is mentioned that the global
Brent price ($/bbl) has increased by 16.63% in
December 2019 vis-àvis December 2018 as per data
available from World Bank.
Non-oil imports in December 2019 were estimated
at USD 27.92 billion (` 1,98,746.95 crore) which
was 11.56 per cent lower in Dollar terms (10.99
percent lower in Rupee terms), compared to USD
31.57 billion (` 2,23,277.86 crore) in December
2018. Non-oil imports in April-December 2019-
20 were USD 261.70 billion (` 18,41,336.26 crore)
which was 7.80 per cent lower in Dollar terms (6.97
per cent lower in Rupee terms), compared to USD
283.84 billion (` 19,79,319.46 crore) in April-
December 2018-19.
Non-Oil and Non-Gold imports were USD 25.45
billion in December 2019, recording a negative
growth of (-)12.24 per cent, as compared to Non-
Oil and Non-Gold imports of USD 29.00 billion in
December 2018. Non-Oil and Non-Gold imports
were USD 238.64 billion in April-December 2019-
20, recording a negative growth of (-)7.90 per cent,
as compared to Non-Oil and Non-Gold imports
USD 259.11 billion in April-December 2018-19.
II. TRADE In SERVICES
EXPORTS (Receipts)
As per the latest press release by RBI dated 15
January 2020, exports in November 2019 were USD
18.00 billion (` 1,28,584.48 crore) registering a
positive growth of 7.91 per cent in dollar terms, vis-
à-vis November2018. The estimated value of services
export for December 2019* is USD 17.92 billion.
IMPORTS (Payments)
As per the latest press release by RBI dated 15
January 2020, imports in November 2019 were
USD 11.47 billion (` 81,969.39 crore) registering a
positive growth of 13.48 per cent in dollar terms,
vis-à-vis November 2018. The estimated value of
service Import for December 2019* is USD 11.32
billion.
III. TRADE BALAnCE
MERCHAnDISE: The trade deficit for
December 2019 was estimated at USD 11.25
billion as against the deficit of USD 14.49 billion in
December 2018.
SERVICES: As per RBI’s Press Release dated 15
January2020, the trade balance in Services (i.e. Net
Services export) for November, 2019 is estimated at
USD 6.52 billion.
OVERALL TRADE BALAnCE: Taking
merchandise and services together, overall trade
deficit for April-December 2019-20* is estimated
at USD 57.66 billion as compared to USD 89.46
billion in April-December 2018-19.
*note: The latest data for services sector released
by RBI is for November 2019. The data for December
2019 is an estimation, which will be revised based on
RBI’s subsequent release
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MeRCHANdIse TRAdeEXPORTS & IMPORTS: (US $ Billion)
(PROVISIOnAL)
DECEMBER APRIL–DECEMBER
EXPORTS (including re-exports)
2018-19 27.86 244.08
2019-20 27.36 239.29
%Growth 2019-20 / 2018-19 -1.80 -1.96
IMPORTS
2018-19 42.35 392.31
2019-20 38.61 357.39
%Growth 2019-20 / 2018-19 -8.83 -8.90
TRADE BALAnCE
2018-19 -14.49 -148.23
2019-20 -11.25 -118.10
EXPORTS & IMPORTS: (Rs. Crore)
(PROVISIOnAL)
DECEMBER APRIL–DECEMBER
EXPORTS (including re-exports)
2018-19 1,97,044.76 17,02,261.31
2019-20 1,94,764.74 16,84,558.61
%Growth 2019-20 / 2018-19 -1.16 -1.04
IMPORTS
2018-19 2,99,553.40 27,37,092.01
2019-20 2,74,883.64 25,14,783.82
% Growth 2019-20 / 2018-19 -8.24 -8.12
TRADE BALAnCE
2018-19 -1,02,508.64 -10,34,830.70
2019-20 -80,118.90 -8,30,225.21
seRVICes TRAdeEXPORTS & IMPORTS (SERVICES): (US $ Billion)
(Provisional) nOVEMBER 2019 APRIL-nOVEMBER 2019-20
EXPORTS (Receipts) 18.00 140.27
IMPORTS (Payments) 11.47 86.44
TRADE BALANCE 6.52 53.83
EXPORTS & IMPORTS (SERVICES): (` Crore)
(Provisional) nOVEMBER 2019 APRIL-nOVEMBER 2019-20
EXPORTS (Receipts) 1,28,584.48 9,86,225.58
IMPORTS (Payments) 81,969.39 6,07,776.64
TRADE BALANCE 46,615.09 3,78,448.94
Source: RBI Press Release dated 13th January 2019
note: The latest data for services sector released by RBI is for November 2019. The data for December 2019 is an estimation, which will be revised based on RBI’s subsequent release.
14
ReCeNT JudgeMeNTs IN
VAt Cst GstShri V.V. Sampathkumar
Chairman, Indirect Taxes Sub-Committee, ACC
Time Limit: In the order of this Court in W.P.Nos. 18676 & 18694 of 2019 dt 03.07.2019 in relation to assessments for AY 2011-12 and 2015-16, this Court while dismissing the writ petitions, relegated the petitioner to alternate statutory remedy. Also, the Court has noted that the writ petitioner is entitled to seek exclusion of time spent in the writ petition before this Court, in computing limitation for filing of statutory appeal. The same ratio is to be followed in this writ petition as well. M/s.Sri Venkateswara Timber Mart, namakkal Vs. STO (CT) namakkal (Town) Assessment Circle, W.P. no. 33974 of 2019 dt: 05.12.2019
Mismatch: In a case of mismatch of purchase and sales, the related third party particulars have not been furnished to the petitioner for response/rebuttal. The issue involved is also covered in the case of JKM Graphics Solutions P Ltd (99 VST 343) and Althaf Shoes (P) Ltd. vs. AC (CT), Valluvarkottam (50 VST 179). In the light of the aforesaid, there being an apparent violation of the principles of natural justice, both the writ petitions are allowed and the impugned order of assessments set aside. Kumaran Gin & Pressing (P) Ltd. Vs. STO, Chennimalai Assessment Circle, W.P.nos.34708 & 34711 of 2019 dt: 13.12.2019
Assessment: An order, sans any reasoning or discussion, is unacceptable in law and the detailed objections of the petitioner have not been adverted
to or considered by the Assessing Authority. The presumption of the AO that the petitioner has no appropriate supporting documents or objections to offer is arbitrary. Tvl.SSM Builders and Promoters Vs AC (ST) (FAC), Thirukhazhukundram Assessment Circle W.P.nos.33998 etc dt: 02.12.2019.
Limitation: The provisions of Section 27 of the TNVAT Act permit a revision of assessment to be carried out within 6 years from date of original assessment. In these cases when the orders were passed on 30.06.2012, revision can be done on or before 30.06.2018. The present impugned order having been passed on 30.04.2018 is well within time and hence this ground is rejected. As there is no other legal flaw or perversity in impugned order, these writ petitions are dismissed. The petitioner is permitted to file a statutory appeal before the appellate authority within a period of two weeks from date of receipt of this order. Tvl.Roshan Vs CTO, nandanam Assessment Circle, Chennai W.P.nos.14451 to 14454 of 2018 dt: 06.12.2019
C forms: C forms for the purchases of High Speed Diesel was based on the judgment dated 26.10.2018 in M/s. Ramco Cements Ltd & Others in W.P.Nos. 19458/2018 to 19460/2018
and the batch of cases. Though the State has filed
a writ appeal, No stay of the earlier order has been
obtained. Stating so, the Court Allowed the Petition
ARTICLES FROM MEMBERS
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and directed to the respondents to issue “C” forms.
M/s. Best Blue Metals vs. AC (ST), Karur (West)
(C) Assessment Circle & others WP no. 33939 of
2019 dt: 05.12.2019
Assessment: There was an exchange of pre-
assessment notice and response by the petitioner
pursuant to a visit by the Enforcement officials on
02.11.2016 at the premises of the petitioner. The
AO has not verified the same. Also, the AO proposes
to reverse the entire input tax credit in respect of
purchases, though the revision pre-assessment notice
calls for detail of transactions only with transaction
with one deale viz., Sumangala Steels. Thus, enquiry
to the extent and in the manner it ought to have
been conducted has not been carried out in the
present case and it was incumbent upon the AO
to have examined the documents supplied by the
petitioner as well as the petitioners’ submission in
reply. Stating so, the court set aside the impugned
assessment with specific directions. M/s.Akshara
Industries Ltd. Vs AC (ST), Choolai Assessment
Circle W.P.no.25462 of 2018 dt: 16.12.2019
Stay order: When the entire disputed taxes have
been remitted, it is prayed to quash the impugned
STAT order dated 01.11.2019 and further direct
the first respondent to grant an absolute stay of
collection of the entire disputed penalty without
imposing any further condition of furnishing of
security in the form of bank guarantee pending
disposal of the appeal on his files. As no objection
expressed by the learned AGP (T) to substitution of
the condition of furnishing personal bond as against
bank guarantee ordered by the Tribunal, the prayer
of the petitioner is accepted. The petitioner will
furnish personal bond within a period of two weeks
from today. M/s.Sun Blue, Vellore Vs.AC (CT),
Ranipet Assessment Circle, W.P.noS.33227 of
2019 DATED: 06.12.2019
Mis-match: The issue of mis-match between
the purchase details furnished by the petitioner/
dealer and those collected from the website of the
Commercial Taxes Department is covered and dealt
with by an order in JKM Graphics Sales P Ltd case
(99 VST 343). However, a Review Petition has been
filed by the State which is pending before the learned
Single Judge for constitution of an appropriate intra-
departmental mechanism to deal with such cases of
mismatch. In the light of pendency of the Review
Petition, the Commissioner has also issued a circular
No.3 of 2019 instructing the AO to keep in abeyance
those assessments involving issues of mis-match.
Hence, the impugned orders in these writ petitions
insofar as it is admitted that the details of third
party transactions procured from the departmental
website have not been furnished to the petitioner,
are set aside and remanded to the file of the AO.
Sureshkumar Vs. CTO, Chidambaram I Circle,
W P nos.21371 & 21372 of 2018 dt 06.12.2019
Assessment: The respondent were directed to
accept the methodology of payment of taxes on
deemed sale value under Sec.5 of the TNVAT Act
based on the directions of the VAT Audit Officers
at the time of inspection on 17.07.2009 and
accordingly complete the assessments for TNVAT
2009-10 to 2012-13 considering the statement
recorded at the time on inspection and based on the
specific direction issued by this Court in the earlier
round of WPs in W.P.Nos.19014 to 19017 of 2015
and based on the details/reply submitted by the
petitioners. Also, the Court directed the petitioner to
appear before the AO on Friday the 20th December,
2019 at 10.30 a.m. without expecting any further
notice. M/s.PRV Constructions (P) Ltd. Vs. STO,
Alwarpet Assessment Circle, W.P.no.34650 of
2019 DATED: 13.12.2019
C forms: When there are arrears of commercial
tax and penalty c forms were not granted. In
representation dated 03.12.2019, the petitioner has
submitted that the entire tax dues would be paid
forthwith and sought six months’ time for paying
the penalty. The Court directed that this request is
to be considered by the respondents in accordance
with law and pass appropriate orders after hearing
the petitioner on merits and in accordance with law
within a period of two (2) weeks from date of receipt
of a copy of this order. Salila Auto Fuels Vs CTO,
Mahe, Puducherry State. W.P. no.34755 of 2019
dt: 16.12.2019
16
Cut the wedges and serve - Going that extra mile!
Businesses often complain of disloyal customers.
But customers are customers and of course they
are the very purpose of business’s existence.
Needless to say there is no business if there are no
customers. Customers are the very fulcrums of business.
Therefore, the challenge is always to retaining the
customers. But how? After all, customers pay for the
product or service. What else is needed to keep him not
only satisfied but also loyal? He should not only keep
coming back to us but also become a reference resource
for the business.
Robin Sharma, the great living exponent of self-
development in one of his speeches exhorts people to
go that extra mile in serving customers. That extra mile
should be in such a way it is recalled several times in
neuron network of customers. He cites his personal
experience where a hotel waiter while serving lime with
water cut the wedges and removes the seeds of lemon so
that even that minimum discomfort was not given to
him. This simple act of cutting the wedges of lemon and
removing the seeds created a deep impression on him. In
one of his talks he would extol businesses to provide 10x
service to customers whereas the customer would have
paid for one. The recipient of 10X service would become
sales representative of the business.
Shri. R R Padmanabhan Chairman,Foreign Trade and
Skill Development Sub-Committees, ACC.
17
I had similar such experience in a hotel nearby
my residence. It is Bar be que nation. We were
five of us for a dinner. The way they served amazed
us very much. No doubt, their whole business
model constitutes different serving. But what
touched our heart was their way of serving. It was
all wholeheartedly as if they want us to enjoy their
offerings. And they travelled an extra mile in serving
so.
Two things come to my mind that made lasting
impression!
The first thing that comes to my mind was the
serving of pineapple slices toasted with sugary honey.
The hot pineapple cleanly shaven was brought to
our table. A thin piece was sliced and sugary honey
was applied and served. No doubt, the simple fruit
was tasty but the topping and service method was
fantastic!
The service at the end was the ultimate. After our
food, we were served pan. It was a pan of course but
fire one. The pan is stuffed with camphor. Manager
(perhaps) came to our table and asked us whether
we would like to try fire pan. We were little hesitant
in the beginning but his courteous smile made us
oblige for the trial.
He offered to light the camphor in the fan and
rolled it skillfully and served.
O my God what a great experience in customer
relationship! Finally he asked whether we would
recommend his hotel others and whether we would
like visit the hotel again!
And the parting kick! He refused to take bakshis!
(The views expressed are solely of the author)
18
Article by Mr. S. Prakash
There’s an old saying that goes, “If you don’t
know where you’re going, any path will take
you there.” The same is true of personal
development. Everyone who starts down the path of
personal development wants to grow – to evolve into
something more than when they began their journey.
But figuring out just what path to take when you set
out is a major challenge in and of itself.
As a holistic health practitioner, I’m a big fan of
getting right to the heart of the matter. So the first thing I do when I meet with a new client who is ready to begin their quest for personal development is to ask them if they have a legacy.
What exactly does that mean?
Most of us have some sense of the meaning of
the term “legacy.” The common use of this word is
backward looking.
Take this question: “What kind of legacy do
you want to leave behind?” In this case, a legacy is
something like the achievements we’re known for
when we’re gone. But this backward looking sense of
a legacy is just a small part of what I’m after when I
talk to clients about their legacy. After all, we’re not
planning for their funeral here!
The reason why I use the word “legacy” is that
it focuses our attention on the whole picture and
purpose of our lives. It’s fantastic to have career goals,
financial goals, or relationship goals, but oftentimes
we tend to ignore the other aspects of our lives in
favour of pursuing those particular achievements.
This imbalance inevitably slows down our growth
and frequently results in all sorts of health problems.
True personal development requires a holistic
approach, one in which you’ve set out the ideal
picture of your life and developed a goal structure
that supports the achievement of that total life
goal. Because a legacy just is your complete life’s
goal, having one is a crucial step in taking a holistic
approach to personal development.
So one fantastic benefit to having a legacy is
that it can help you to create and organize goals. It
provides you with the ideal toward which all your
efforts in life are directed. But having a well thought-
out legacy offers so much more. As with any other
project, there will always be distractions while you
are working on yourself. We have habits to overcome,
patterns of procrastination, people who need our
time and energy, and so forth. The power of a legacy
is that it can provide a very powerful tool to conquer
Personal DeveloPmentwith aPurPose
19
those habits, steer clear of the procrastination, and
to meet the needs of those around us without getting
diverted.
In fact, the reason why these diversions can have
such a pull on us is that we don’t have any particular
force guiding us in a direction that we truly want to
go. But when your day is built around your legacy,
those distractions become impotent. The short-
term pleasures that procrastination offers pale in
comparison to the potential of your legacy, and as
long as you stick to your goals, you’re always one day
closer to realizing that dream.
Of course, the extent to which your legacy will
help you to create and organize your goals and
boost your motivation is going to depend upon
how much detail you give to the picture of your
ideal life. This picture of your legacy often develops
over a long period of time, but you can get a decent
handle on it by thinking about the following lifestyle
components:
1. People. What kind of people do you value, feel
comfortable with, get excited about spending
time with?
2. Passion. What is it about life that enlivens you
and fills you with energy?
3. Purpose. What is it that brings meaning to your
life or gives you a sense of fulfilment?
4. Responsibilities. What kinds of responsibilities
are you comfortable handling in your life,
whether they be personal, professional, or
spiritual?
5. Career. What manifestation of your abilities,
purpose, and passion would best fulfil your
career needs?
6. Values. Your values are your needs and desires,
ranging from your most basic physical needs
to those that dictate your relationships with
your friends, loved ones, co-workers, and the
environment at large. What are your values?
This list here certainly isn’t exhaustive, but it’s
a good start. Not only will it help you to fill out
the picture of your career, but the relationships you
develop with yourself and your loved ones.
Because this picture you’re developing is your life’s
goal, I recommend, just as with any goal, that you
write it down. Or, if you are artistically driven, you
can draw it, paint it, sculpt it, or make it physical in
whatever way works best for you. However you do it,
don’t allow your legacy to remain just an idea! Your
legacy will be much more motivating when you can
look it in the face each and every day.
Knowing that you have a purpose and that you are
living your purpose every day is a wonderful thing. It
makes me spring out of bed each morning, energized
and excited! How many people do you know that
look forward to their day, every day, in that way? So
take the time to map out your legacy today. You’ll be
giving yourself a path to personal development with
a purpose, and that’s a path to success!
(The views expressed are solely of the author)
20
Article by CS.U.Siddharth
IndependentDirector
Erstwhile Companies Act 1956 had no specific
definition of “Independent Director”.
However by passing of time, Companies Act
2013 made a special recognition to “Independent
Director” and has reposed faith as well as confidence
for the better corporate governance.
Status in a Company - Non-executive Director
Applicable section, Rule & Schedule
(a) Section 149 of the Companies Act, 2013,
(b) Rule 4 & Rule 5 of the Companies (Appointment
and Qualification of Directors) Rules, 2014
(c) Schedule-IV.
Applicability:
Listed Company Unlisted Public CompanyYes Yes1/3 rd of the total strength should be Independent
Directors
Minimum-2
Criteria- Listed Company Criteria-
Paid-up share capital of ` 10 cr or more OR
Turnover of ` 100 cr or more OR
Aggregate outstanding loans, debentures and deposits
exceeding ` 50 crores
note:
The threshold mentioned above has to be seen/
checked as per the “latest” audited Financial statements.
Ø Non-applicability - Private company, One Person
Company, Small Companies, Wholly Owned
subsidiary, Dormant Companies even if they meet
the threshold criteria.
Ø Appointment - By shareholders in general meeting
by passing Ordinary resolution.
Ø Re-appointment- By passing special resolution
Other compliance:
1. The terms and conditions of appointment of
independent directors shall also be posted on
the company’s website, if any.
2. If the provisions of CSR is applicable to a
company, the Companies Act, 2013 requires
the CSR Committee to consist of at least three
directors, including at least one independent
director.
21
3. Independent director shall be appointed for a maximum term upto 5 years. He can be appointed for less than 5 years as well, but the same shall be taken as “ one term”. The term shall not be more than 2 consecutive terms.
4. A person must be an independent director in not more than 7 listed companies at a time.(As per SEBI guideline)
5. An independent director shall not retire by rotation and shall not be included in “total number of directors’ for the purpose of computation of rotational directors.
6. A person can be appointed as an alternate director. But he must be qualified to be appointed as an independent director.
7. If the Board meeting is called at shorter notice so as to transact some urgent business, then the presence of atleast 1 independent director is mandatory.
8. Independent director’s appointment process must be independent of the company’s management. Databank may be used to appoint an independent director.
9. Every independent director shall give a declaration that he meets the criteria of independence when :
he attends the first board meeting as a director;
in every financial year, at the first meeting of the board of directors
when a situation arises which affects his status of independence being an independent director
10. No need to give any security deposit for the candidature .
11. Not entitled to any Stock options, but can get Remuneration by way of sitting fees.
12. Vacancy created by Resignation or Removal must be filed by Board/members within 3 months from the date of resignation/removal.
13. In case the Board meets the criteria of Independent director provisions, then no need
to fill the vacancy created by Resignation/
Removal.
Recent Amendment - Inclusion in the data
bank & OnLInE Examination
MCA has notified the Companies (Appointment
and Qualification of Directors) Fifth Amendment
Rules, 2019, and the Companies (Accounts)
Amendment Rules, 2019. The notification has come
into force with effect from Dec 01, 2019.
The new norms applicable to below Category
only:-
Those who are already serving as “Independent
Director” in the Board of a company
Those professionals who are intending to be
appointed as “Independent Director”
The companies which are required to appoint
“Independent Directors”
note:
Individuals who have served for a period of 10
years as on date of inclusion of his name in databank
as director or Key Managerial Personnel (KMP) in
listed public company or unlisted public company
having paid-up capital of Rs. 10 crore or more
shall not be required to pass online proficiency self-
assessment test. For purpose of calculation of 10
years, if a person is acting as director or KMP in two
or more companies shall be counted only once.
Way forward for a Company to appoint
Independent Director
1. Register themselves and search the profile of
Individuals registered there. Please ensure valid
CIN. One OTP will be received.
2. Follow the process and get the company registered
(https://www.independentdirectorsdatabank.in/
corporate_guide)
3. Company may restrict to 2 users who can search
the database
4. They need to go to the database maintained and
select the incumbent from the list.
(www.independentdirectorsdatabank.in)
(The views expressed are solely of the author)
22
Investment options
A Strategic Approach
Article by Prof B. Venkateswaran
With the advent of positive variance in net per capita
income these days, there is a need to save for the
rainy days s the future is highly unpredictable and
uncertain in many ways. While Banks and Post offices have been
the traditional venues for savings, smart investors now a days find
that this option could be the last avenue and it partly satisfies the
expectations of the investors as the return (ROI) is not attractive
vis a vis the mounting inflation, the ideal ratio would be 50:30:
20 - the first one towards day to day essential expenses (needs)
like rent, food, water, milk, transport, education etc., the 2nd one
is for ‘wants’ like scooters, tours and travels etc., and 3rd one is
for savings keeping the future in mind- may be towards higher
education, Marriage, Medical expenses, Foreign Tours etc.,
It is always better to compulsorily save every month even a small
amount in Bank/Post office Recurring deposit, Life Insurance
policies, Provident Fund etc., to meet any eventuality, it is better
to avoid any local chit schemes and other savings scheme as they
are not reliable.
When the inflation is say 8 %, the Bank rate of interest which
is less than this would only lead to erosion in the value of our net
financial asset or investment. It is therefore imperative to carefully
look for better options for investments. The traditional investment
in Land, Gold etc., seems to be above the reach of the common
people and even middle class due to over valuations.
23
In this context the best option would be to
carefully invest in well-known equity shares of
reputed companies either directly or indirectly,
taking a calculated risk. Those who have time and
appetite for learning could possibly open a trading/
investment account with SEBI registered Broker
with a D-mat account and start investing small
amounts. People are averse to investing in shares due
to the high risks involved therein but the fact remains
that given the right focus and tips, shares provide
bountiful returns and many people particularly in
Mumbai, Ahmedabad and other places do make
a lot of money in the share market, taking this as
vocation on full time basis. Of course those who
do not have the time to learn to do this may safely
go in for Mutual Funds wherein the experts pool
the money from investors and deploy them in the
market after seamless analysis and research. A small
investment of ` 1000 per month in Systematic
Investment Plan (SIP) of well known Mutual Finds
will prove to be a better idea to get much above the
bank interest rates in the longer tenure.
So a prudent investor would do well to diversify his
investment in many buckets like Bank, Post Office,
Mutual Fund, select Company shares, Deposits,
Insurance etc., without putting all the eggs in a single
basket. Life Insurance, vehicle insurance, Medical
Insurance, Burglary insurance, natural calamity
insurance and all have become absolutely necessary
these days in the context of unexpected accidents and
natural calamities. Stocks have historically provided
long term returns far better than any other mode of
investments.
If one is interested in entering the share markets
the following thumb rules or mantras would help:
10 Magic Mantras to reap profits in Stock Market!
1. Always take informed- researched based –
decisions- It helps to build a portfolio.
Money does not come so easily. You have to work
for it. So make a study and invest.
2. Invest in Business you understand and not based
on market gossip.
People have their own motives and sometimes
misguide others.
It is your money and your decision -that matters!
3. Always invest your own money and not play
with others money or borrowed money.
No one will question if you lose your money, but
it is not the case when you borrow.
Do not speculate, It’s highly risky. Fear and Greed
are the two contributing factors for loss!
4. Don’t try to beat the market: You will never
succeed: Sail with the wind. Be patient.
5. Discipline yourself to do planned investments,
driven by non-emotional moves.
6. Broadbase/Diversify your portfolio: Never get
emotionally bonded towards any share.
7. Be pragmatic with a poker approach- neither
optimistic nor pessimistic-but realistic!
8. Do not be greedy or over anxious or superstitious
in the market operations.
9. Beware of Risks and protect yourself with
Hedging tools like option trading and “stop-loss”
10. Monitor constantly and initiate timely decisions
to book profits or minimum loss.
Greed never works. Keep the control gears with
you always and act with utmost alacrity!
Wish you all a prudent and profitable investments
in the New Year.
CONSUMER PRICE INDEX NUMBERS FOR INDUSTRIAL WORKERS
(BASE 2001=100)
sl. No Centre Nov 2019
ALL INdIA 328
ANdHRA PRAdesH
1. Guntur 302
2. Vijayawada 307
3. Visakhapatnam 310
AssAM
4. Doom Doom Tinsukia 296
5. Guwahati 290
6. Labac-Silchar 286
7. Mariani Jorhat 275
8. Rangapara Tejpur 269
BIHAR
9. Munger Jamalpur 366
10. Bhilai 346
gOA
11. Goa 332
guJARAT
12. Ahmedabad 301
13. Bhavnagar 307
14. Rajkot 307
15. Surat 292
16. Vadodra 292
HARAYANA
17. Faridabad 288
18. Yamunanagar 311
HIMACHAL PRAdesH
19. Himachal Pradesh 281
sl. No Centre Nov 2019
JAMMu & kAsHMIR
20. Srinagar 290
JARkHANd
21. Bokaro 320
22. Giridih 361
23. Jamshedpur 361
24. Jharia 378
25. Kodarma 408
26. Ranchi Hatia 412
kARANATAkA
27. Bengluru 305
28. Belgaum 315
29. Hubli-Dharwar 348
30. Mercara 320
31. Mysore 321
keRALA
32 Ernakulam 327
33. Mundakayam 332
34. Quilon 368
MAdHYAPRAdesH
35. Bhopal 344
36. Chhindwara 326
37. Indore 298
38. Jabalpur 337
MAHARAsHTRA
39. Mumbai 322
40. Nagpur 407
24
Government notificationsCost of Living Index Numbers Applicable to the employees employed in the scheduled employments as on 1.10.2019 - Cost of Living Allowance Payable in Telangana. https://andhrachamber.com/assets/uploads/special_project/Govt_Notification1.pdf
sl. No Centre Nov 2019
41. Nasik 377
42. Pune 358
43. Sholapur 350
ORIssA
44. Angul Talcher 346
45. Rourkela 337
PuNJAB
46. Amritsar 356
47. Jalandhar 334
48. Ludhiana 309
RAJAsTHAN
49. Ajmer 297
50. Bhilwara 307
51. Jaipur 325
TAMILNAdu
52. Chennai 288
53. Coimbatore 300
54. Coonoor 345
55. Madurai 318
56. Salem 308
57. Tiruchirapally 310
TeLANgANA
58. Godavarikhani 346
sl. No Centre Nov 2019
59. Hyderabad 275
60. Warangal 328
TRIPuRA
61. Tripura 377
uTTAR PAdesH
62. Agra 375
63. Ghaziabad 349
64. Kanpur 357
65. Lucknow 357
66. Varanasi 355
WesT BeNgAL
67. Asansol 356
68. Darjeeling 287
69. Durgapur 336
70. Haldia 368
71. Howrah 302
72 Jalpaiguri 296
73. Kolkata 299
74. Raniganj 309
75. Siliguri 302
76. CHANdIgARH 322
77. deLHI 309
78. PuduCHeRRY 326
Source: Labour Bureau, Shimla
25
26
UPDATATION OF MEMBERSHIP DETAILS
Kind Attn: Members
Dear Sir/Madam;
We are updating the database – Members business details in our records. We request you to kindly
inform the Chamber if there are any changes in your mailing list – Address, contact details, Name of the
representative, change in the Email-ids and Telephone numbers in the below mentioned format.
Please forward the same to the Chamber by Email: [email protected] duly filled in for
making necessary changes in our records. Please extend your cooperation support in this regard without
delay.
name of the company / individual
postal Address
Telephone
Fax
Mob
Est.
Website
GST no
name of the representative –
Designation in the company
Bank
Manufactures of
Exporters of
Importers of
27
uPCOMINg PROgRAMMe
“GREEN BUSINESS INITIATIVES IN INDIA”
A business that participates in environmentally friendly or green activities may be considered to be sustainable. It will ensure that all processes, products, and manufacturing activities adequately address current environmental concerns while maintaining a profit. It meets the needs of the present world without compromising the ability of future generations to meet their own needs. For business owners, going green is the latest trend with many supportive benefits and at the same time with new challenges. The quality of life for customers, employees, communities and finally the planet earth will be improved with the green business principles, policies and practices. The green businesses challenge themselves to bring the goals of social and economic justice, environmental sustainability. Green business should be prepared to apply the critical self-analysis, honesty, innovation, and risk across all processes, all activities, and every function of the business. Green business incorporates a triple bottom line in evaluating company performance: the environmental, social, and economic impact of the business.
Dr. V.L. INDIRA DUTT
President &
Members of the Executive Committee of the
ANDHRA CHAMBER OF COMMERCE &
MADRAS MANAGEMENT ASSOCIATION cordially invite you to a presentation on
“GREEN BUSINESS INITIATIVES IN INDIA” by
Dr. Parvatam Siva Prasad, Senior Chemical Consultant
Date & Time : 6.00 P.M. Wednesday, January 29, 2020
Venue : Chamber’s Conference Hall, “Velagapudi Ramakrishna Building”, 23, Third Cross Street, West C.I.T. Nagar Nandanam, Chennai-600 035.
R.S.V.P.: SECRETARY GENERAL Phone: 24315277/78 Email: [email protected] Hi-Tea - 5.30 P.M.
28
HOlidAys list OFAndHrA CHAMBer OF COMMerCe
FOr tHe yeAr 2020
Picture Gallery MsMe Lecture series on know more about Finance - Inventory & Costing - dec 4, 2019
29
Advance Workshop on eCommerce and digital Marketing on 6 and 7 dec 2019 at Hyderabad
30
Programme on NeW gsT ReTuRN FILINg & suBkA VIsHWAs - deC 11, 2019
31
seminar on “Plastics Recycling & Waste Management” - 17th december 2019, Vijayawada
32
33
Interactive session on “ease of doing business”- dec 24, 2019
MMA - BRANd eQuITY - dec 26, 2019
34
35
12 Issues of each 1/2 page will be 12500/- per annum plus GST
12 Issues of full page will be 20,000/- per annum plus GST
First come first serve basis the space will be allotted. Member organisations will be give first preference. We welcome your support
to have more reach out and more viewing for your Advt and Business.
Please contact Mr. n. ravikumar, Joint Secretary, Andhra Chamber of Commerce
Tel : + 91 44 24315277 +91 9840248688Email : [email protected]
ACC Bulletin - Advt tariff
Edited, Published and Printed by Andhra Chamber of Commerce at
“Velagapudi Ramakrishna Building”, #23, Third Cross Street, West C.I.T. Nagar, Nandanam,
P.B. No.3368, Chennai-600 035. (Phones: 044 - 2431 5277 / 2431 5278 / 2431 5279)
Email ID: [email protected] / [email protected]
our other Chapters
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Secunderabad – 500 003, Telangana State. Phone: 040-27840844, Fax: 040-27840767;
Email: [email protected] | Shri G. Ramanjaneyulu, Deputy Secretary.
VISAKHAPATnAM OFFICE:
Door No. 43-19-30, Venkataraju Nagar, Dondaparthy, Near T.S.N. Colony, Visakhapatnam – 530 016,
Andhra Pradesh. Phone: 0891-2792220, Fax: 0891-2792221, Email: [email protected]
SHRI V. THRInADHA RAO, Deputy Secretary.
VIJAYAWADA OFFICE:
Siddhartha Hotel Management College Premises, Pinnameneni Poly Clinic Road, Technical Nagar,
Vijayawada – 520 010 (A.P). Phone: 0866-2472500, Email: [email protected]
SHRI n. RAJA RAO, Joint Secretary.
36
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In the service of Public for more than 56 years
Winning client’s trust with unmatched professionalism
Investigation • Pre & Post Matrimonial • Pre & Post Employment • Industrial Theft & Fraud • Undercover Operation
FOR TOTAL SECURITY SOLUTIONS IN INDIA
GLOBE DETECTIVE AGENCY
Security • Consultation • Trained Man Power • 24 x 7 Control Room • Client Support
Facility • House Keeping • Pantry Services • Guest House Mgmt • Garden Member
Electronics • Access Control • Burglar Alarm • Fire Alarm • CCTV
Chennai No.152, Agurchand Mansion , Mount Road, Chennai-600 002. Tel: +91–44–42919500–599; E-mail: [email protected] Bengaluru Tel: +91-80-25717905/06;
E-mail: [email protected]; Delhi Tel: +91–11–26432221/26432681; E-mail: [email protected] Mumbai Tel: +91-22-22028751/22023578; Email: [email protected] Ahmedabad, Ambur, Coimbatore, Jamshedpur, Kochi, Kolkata, Lucknow, Madurai, Mysore, Puducherry, Pune, Secunderabad, Sriperumbudur, Vapi, Vizag.
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THE KCP LIMITED
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SUGAR INDUSTRY
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SRI KANAKADURGAMMA VARADHI
Registered Office: “Ramakrishna Buildings” No. 2 Dr. P.V. Cherian Crescent, Egmore, Chennai- 600008 Tel: +9144-66772600 / 66772667, Fax: 66772620 CIN65991TN1941PLC001128
Cement Marketing Head Quarter: Plot No. 10, Gayatri Hills, MP & MLA’s Colony Road No. 10 C, Jubilee Hills, Hyderabad - 500033 Tel: 040 2325 3503 to 3505, Cell: +91 9866305145 / 9989597775, E-mail: [email protected]
THE KCP LIMITED
CEMENT PLANT MUKTYALA CEMENT PLANT MACHERLA
SUGAR INDUSTRY
VIETNAM
HEAVY ENGINEERING
CHENNAI
POLAVARAM PROJECT
SRISAILAM DAM NAGARJUNA SAGAR DAM
SRI KANAKADURGAMMA VARADHI
Registered Office: “Ramakrishna Buildings” No. 2 Dr. P.V. Cherian Crescent, Egmore, Chennai- 600008 Tel: +9144-66772600 / 66772667, Fax: 66772620 CIN65991TN1941PLC001128
Cement Marketing Head Quarter: Plot No. 10, Gayatri Hills, MP & MLA’s Colony Road No. 10 C, Jubilee Hills, Hyderabad - 500033 Tel: 040 2325 3503 to 3505, Cell: +91 9866305145 / 9989597775, E-mail: [email protected]
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