THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Monday, May 21, 2001

• AGRI-BUSINESS
• COMMODITIES
• CORPORATE
• FEATURES
• LETTERS
• LIFE
• LOGISTICS
• MARKETS
• MENTOR
• NEWS
• OPINION
• VARIETY

• INFO-TECH
• CATALYST
• INVESTMENT WORLD
• MONEY & BANKING
• LOGISTICS

• PAGE ONE
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Mentor

Accountancy
Time for questions and answers
EACH of the sub-questions given below has only one right answer:

Information Technology
Busting the info thieves
David Price on why, and how, proprietary information should be protected

Taxation
An overview of New Rules
S. ThirumalaiWHILE introducing the Finance Bill, 2001, in his Budget speech, the Finance Minister, Mr Yashwant Sinha, had proposed the substitution of the existing Central Excise Rules, numbering about 234 Rules, with a shortened version of 31 Rules that were ``assessee-friendly''. The existing Rules relating to CENVAT (Rules 57AA to AK), Appeals (Rules 213-219) and Settlement Commission (Rules 220 to 220 C) are to be separately notified. The 31 Rules have been notified vide notification no. 9/2001 -- C E (NT) dated March 1, and will come into force on July 1 and hereinafter be called the ``New Rules''.


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