Icwa intermediate help and tips need

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Intermediate Course:

Eligibility for Admission:

(a) is not less than 18 years of age; and

(b) has passed degree Examination of any recognised University or equivalent

Incumbents waiting for the result can apply for provisional admission

Fees

Cost of Prospectus - Rs. 200/-

Postal Tuition Fee (including study material) - Rs. 7000/-

Oral Coaching Fee (including study material) - Rs. 11000/-

Documents to be enclosed with application form:

1. Bank Draft ( as mentioned above)

2. Attested Copy of Matriculation Certificate

3. Attested copy of 10+2 Certificate or Marks Statement

4. Attested copy of the degree

5. Three photographs attested and pasted on the form

(Attestation should be by any member of ICWAI /ICAI/ /ICSI/Parliament/Stage Legislative Assembly or a Gazetted Officer or a Principal of a college)

TABLE OF FEES EFFECTIVE FROM 1ST JANUARY 2008 (FOR STUDENTS)

SL.	HEADS	Amount Rs.	INTERMEDIATE Rs.
1.	Cost of Prospectus	200
2a.	Cost of Examination Form	30
2b.	Cost of Examination Form for Overseas Centre	US$ 10
3.	Student Registration Fee		500
4a.	Student Practical Training Registration Fee		1,000
4b.	Change of Principal for Practical Training		300
5.	Registration Denovo / Afresh Registration	2,000
6a.	Re-enrolment fee Single Stage / Group		800
6b.	Re-enrolment fee Both Stages / Group		1,000
7.	Subject Exemption (per paper) (By Qualification)		200
8.	Postal Tuition Fee (including study material)		7,000
9.	Postage Charges for Foreign Students only		3,000
10.	Oral Coaching Fee (including study material)		11,000
11.	Coaching Revalidation fee (per stage / group)		800
12.	Examination Fee (per stage / group)		850
13.	Examination Fee for Overseas Centre		US$ 90
14a.	Late Fee for Exam Form submission		200
14b.	Late Fee for Exam in Overseas Centre		US$ 10
15a.	Exam Fees for MA Exam (Per Group)	2,500
15b.	Exam Fees for MA Exam (Per Group)	2,500
16.	Group Discussion (Per Group)		300
17.	Business Communication (Per Group)		300
18.	Computer hands on Training		6,000
19.	Exemption fees for Computer hands on Training		1,000
20.	Modular Training Fee

When to Apply:

Exams are held two times in a year i.e. on 11^th to 18^th June and on 10^th to 17th December.
For June Term Examination apply before 05th December of previous year and for December Term Examination apply before 05th June.

Where to Apply:

All students shall submit their Postal Application form, duly filled in together with relevant documents and remittances to their respective Regional Councils only. Regional Councils and area covered by the region are given below:

Address of Regional Councils of ICWAI	Area Covered8.0pt;
Western India Regional Council "Rohit Chambers",4th Floor Janmabhoomi Marg,Fort Mumbai - 400 001 Ph : 022-22872010/ 22841138/ 22043406/ 22043416 Fax : 91- 022- 22870763 Email :wirc @ icwai.org Web site : www. icwai-wirc.org	The State of Chhattisgarh, Gujarat, Madhya Pardesh, Maharashtra, Goa and the Union Territories: Daman Diu., Dadra, and Nagar Heveli.
Southern India Regional Council 4, Montieth Lane, Egmore, Chennai - 600 008 Ph:044-28554443/28554326/28528219 Fax : 91- 044- 28554651 Website:www.sircoficwai.com Email: sirc @ icwai.org	The State of Andhra Pradesh, Karnatka, Kerala, Tamilnadu, Pondicherry and the Unition Terrritory: the Lakshadweep
Eastern India Regional Council 84, Harish Mukherjee Road, Kolkatta - 700 025 Ph : 033 -24553418 /24555957 Fax : 91 033-2455-7920 Email :eirc @ icwai.org	The States of Assam, Arunachal Pradesh, Bihar, Jharkhand, Manipur, Maghalaya, Mizoram, Nagaland, Orissa, Tripura, West Bengal, Sikkim, the Union Territories: The Andaman and Nicobar Islands and Foreign Countries.
Northern India Regional Council 3, Institutional Area, Lodi Road, New Delhi - 110 003 Ph : 011 - 24626678 / 24615788 Fax : 24622156 Email :nirc @ icwai.org	The States of Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Rajastan, Uttar Pradesh, Uttraanchal and the Union Territory: Chandigarh.

Candidates of Foundation, Intermediate and Final Examinations are allowed to exercise option for answering questions in Hindi

Students opting for oral coaching should contact respective Regional Council office or chapters

Click here for Syllabus

Click here to download Registration Form

Exam Guidelines

Passing ICWA Examinations - Guidelines

While there is no substitute for hard work, here are a few guidelines that will supplement your efforts in passing the ICWA examinations.

The guidelines are given in two sections:

Preparation

1.1 Study from Study Notes of the Institute for all subjects supplemented by other books recommended by your faculty. Study Notes are must.

1.2 Make brief notes of the matter you feel relevant but you are likely to forget. You may also make notes by the side of text book you are referring to, in respective pages. The notes should be very brief, say at an average of 10 words per page.

1.3 Make a plan of the time available and the syllabus to be covered. Based on this, make a schedule with daily/weekly breakups giving details of the topics to be completed. Make achievable and practical schedules to avoid breaking the schedules.

1.4 Monitor the schedule on a weekly basis and reinforce your efforts to make up the backlog, if any.

1.5 Ensure two revisions before you appear for the examination. In other words, a minimum of three readings should have been completed by the time you appear for the examination.

1.6 Study the question papers of previous examinations to be able to categories all the topics in each subject and understand broad trends of these categories.

1.7 Based on above and marks allotted give weightage to each category and accordingly prepare for the examination, spending more time and effort for important topics However, do not overemphasis the trends. They may go wrong.

1.8 In the case of theory subjects, focus on understanding the concepts thoroughly and its application. In subjects such as law, give due regard to case laws and sections.In subjects such as Economics, spend some effort onstatistics and general reading of business newspapers and news magazines.

1.9 In the case of numerical subjects, such as accountancy, costing and mathematics, focus on understanding themethods, formulae and format of presenting the solution. Solve as many problems as you can. Prepare for these subjects from the beginning of the year/ session and on a continuous basis. The rule of two revisions (plus the first) is particularly applicable to these subjects. Refer to a number of text books for these subjects so that you can encounter a wide variety of problems and approaches to solution.

1.10 Practice use of your calculator effectively to maximise its efficiency in the examination Hall. Remember speed is a crucial requirement.

1.11 Write simulated examinations with some of your friends setting the paper and valuing them, in an examination environment with set time schedules.

1.12 Try joint studies with a couple of friends to be able to help one another, and instill competitive spirit.

1.13 Prepare for the worst in the examination to minimise probability of failing in the examination.

Examination

2.1 Take a quick glance at the question paper spending not more than five minutes to select the questions you are likely to answer. However, it is not necessary to select all the six questions at this stage itself.

2.2 Answer the easiest question first and in that order the rest.

2.3 It is compulsory to answer the Compulsory Question. By not answering the compulsory question your maximum marks will be limited to 80%. (But the answer paper itself , will be valid.).

2.4 It is preferable to answer the fewer questions correctly and fully rather than more questions answered partially in each case.

2.5 Just before answering each question, read the question very carefully word by word trying to make the significance of each word, atleast once. If necessary, this may repeated even three or four times, particularly in the numerical subjects.

2.6 Allot time for each question (depending on marks allotted to the concerned question) based on marks allotted to the question. Generally you have about 160 minutes to answer for 100 marks after deducting time for question paper scanning, planning answering sequence, personal relaxation time etc .Hence you can allot 1.5 mts per mark. Try to stick to the schedules. However, the compulsory question may take longer, sometimes up to one hour. You will have to make up the time from the easier questions.

2.7 Answer the theory questions preferably last in the case of numerical subjects as these can be answered correctly in shorter periods quite often.

2.8 Impress the valuator with the first answer. It should represent you caliber to give a good answer in all respects: content, neatness and presentation.

2.9 If there is a question for which you do know the answer but do not have the time to write it fully, write a synopsis for the answer.This should be done, if required, only at the end of the answer sheet.

Numerical Questions

2.10 Always leave left hand page for showing workings, assumptions and notes. Workings are a must for the answer to be valid and should be fairly elaborate. Present them parallel to the question concerned. Use last page of the booklet for rough work.

2.11 State necessary assumptions and notes wherever possible rather than wherever you feel essential. It is not a serious error if you write some extra assumptions, than miss some important ones.

2.12 State currency in subjects such as costing and accountancy and draw columns with double lines when time permits.

2.13 Provide Total columns where applicable in accountancy and costing, Similarly state narrations to journal entries in the case of accountancy.

2.14 Avoid overwriting. Where they become inevitable, strike off and write again. Clarity is more important than neatness.

2.15If the balance sheet is not tallying in the case of accountancy, apply the principle of double entry by ticking off the entries. Any figure taken from a tallied statement should appear only once, and the rest, twice on opposite sides. Finally check totals. If still they do not tally, write totals as they come and do try to deceive the valuator.

2.16 Do not try to deceive the valuator in any subject. They are likely to be smarter than you, in which case the penalty will be high.

2.17 Wherever possible, check your answers with control figures to ensure accuracy of your solutions; for example, variance analysis in costing.

2.18 Apply the rule of rounding off correctly for decimals. The rule is, a digit followed by a figure starting with five and above should be rounded off to the next higher digit.

Theory Questions

2.19 Answer to the point and be brief. Valuator do not have ample time to read your answer paper thoroughly. They will abundantly make use of scanning technique.

2.20 Present your points as a list wherever possible. This will increase the chances of the point being read by the valuator. Number the points numerically instead of alphabetically.

2.21 Questions that use words such as describe and discuss require longer narrative answers. Present such answers in paragraphs with appropriate headings.

2.22 Present examples and illustrations frequently.

2.23 Underline key words in your answers. This is a must to enhance of your point being noticed by the valuator

2.24 Tabulate the comparative points (in a columnar fashion), when you answer questions asking for comparison of alternatives, techniques, opinions, etc.

2.25 Avoid writing long and descripttive answers that take up yours as well as valuator time. They test the patience of the valuator and it is risky to do so.

2.26 When you forget some points when writing the examination, leave some space and start a new answer. You can return later and complete the previous answer when you recollect the points.

2.27 In the case of law, if you are sure of the case laws and sections, provide these in the answer sheet. But in case of ambiguity, you may avoid, as a wrong quote is likely to have penalty. The same is true in the case of statistics for economics subject.

2.28 Final students will be expected to give practical examples,application areas and good criticism of the subject matter (in applicable topics).

OTHER GENERAL GUIDELINES

2.29 Enter the examination hall with optimism and with a challenging spirit.

2.30 During the examination, keep watch of your time, but do not panic. The worst thing you can do to make the worst of the situation is to panic.

2.31 Maintain total concentration on the subject matter, forgetting the likely outcome of the examination. With total concentration, very often you can come out with best answers that might have been difficult under normal circumstances. The mood in the examination, very often, makes all the difference between a pass and a failure.

2.32 Take a deep breath before answering each question. This helps you take extra oxygen, which in turn, activates your brain and nervous.

2.33 Never give-up the examination. Make the best of the situation, even if you think you are going to fail. There are always miracles that you can hope for, provided you have put in your best efforts. This aspect has been proved in many cases as a matter of fact.

2.34 Never give any personal messages to the examiner; they will do you no good, but can harm.

2.35 Reserve the last 5 to 10 minutes for revision of your answer sheet. You can identify and rectify blunders you might have made, within this short period, which can make all the difference between a pass and a failure.

2.36 Last but not the least, inform your faculty of your result and take their guidance for the next group examination.

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(Guest)

ICWAI Website for further reference in future

https://www.icwai.org/icwai/index.asp

(Guest)

Originally posted by : Deep @ k Gupt/\
	ICWAI Website for further reference in future https://www.icwai.org/icwai/index.asp

Srini (student) (52 Points)
Replied 06 February 2011

Thank you very much sir:) I've no words to explain explain this I'm so happy

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(Guest)

INTERMEDIATE COURSE

GROUP -I

Paper 5 : Financial Accounting (One Paper: 3 hours:100 marks)

Objectives
• To have working knowledge of accounting concepts, detailed procedures and documentation involved in financial
accounting system
• To gain working knowledge of the principles and procedures of accounting and their application to different practical
situations.
1. Accounting Conventions and Practices 10%
• Concept
• Depreciation and various methods thereof
• Stock valuation
• Distinction between Capital and Revenue
2. Royalty and Hire Purchase 10%
• Royalty accounting
• Need for hire purchase and installment systems and parties involved.
• Accounting from the point of view various parties.
• Possession and repossession in case of default in payments.
3. Receipts & Payments/ Income & Expenditure Accounts 10%
• Receipts & Payments
• Income & Expenditure Account
4. Partnership Accounting 10%
􀂃 Past adjustments and guarantee
􀂃 Admission & Retirement
􀂃 Assignment of life policy
􀂃 Amalgamation and Sale of Business
􀂃 Dissolution, Insolvency
􀂃 Piecemeal Distribution
5. Branch and Departmental Accounts 10%
􀂃 Branch accounts- Debtors system, Stock & Debtors system, Foreign Branch.
􀂃 Treatment of shortages.
􀂃 Calculation of net profit of various departments and allocation of expenses on the basis of suitable base.
􀂃 Preparation of common balance sheet.
􀂃 Treatment of Unrealized profit.
6. Accounting Standards 10%
• Applicability of a particular accounting standard.
• Interpretation of various accounting standards.
• Scope of accounting standards.
• Compliance with the Accounting Standards.
7. Joint Stock Companies 20%
• Issues of shares at par, discount & premium, forfeiture, reissue of shares
• Bonus issue and right issue
• Buy back of shares
• Redemption of Preference of shares
• Profit prior to incorporation
• Issue and redemption of debentures
8. Preparation of Company Accounts
• Preparation of Final Accounts under Company Law
9. Accounting services in organizations 10%
• Construction companies ,Project Accounting
• Service sector such as Software, ITES, Telecommunication, Entertainment, Hospital, educational institutions
• Banking , Electricity and Insurance companies
10. Accounting and Interpretation of Financial Statements. 10%

Paper 6: Commercial & Industrial Laws and Auditing (One Paper: 3 hours:100 marks)

Objectives
• To gain knowledge of some of important commercial and industrial laws related to business.
• To gain working knowledge of the principles and practice of auditing and their various applications.
A. Commercial & Industrial Law ( 50 marks)
1. Laws of Contracts 15%
• Essential elements of a valid simple contract.
• Legal status of the various types of statements which may be made by negotiating parties. Enforceable offers and
acceptances, and the application of the rules to standard form contracts and modern forms of communication.
• Meaning and importance of consideration.
• Principles for establishing that the parties intend their agreement to have contractual force.
• How a contract is affected by a misrepresentation.
• Conditions and warranties
• Manner in which law controls use of exclusion clauses and unfair terms in consumer and non-consumer transactions
• Level of performance sufficient to discharge contractual obligations
• Valid reasons for non-performance by way of agreement, breach by the other party and frustration
2. Laws relating to Sale of Goods 10%
• Formation of Contract of sale
• Conditions and warranties
• Transfer of ownership and delivery of goods
• Unpaid seller and his rights
3. Industrial Laws 20%
• Factories Act
• Industrial Dispute Act
• Workman Compensation Act
• Payment of Wages Act, Minimum Wages Act
• Provident Funds Act
• Payment of Bonus Act
• Payment of Gratuity Act
• Consumer Protection Act etc
4. Other Laws 5%
• Limited Liability Partnership
• RTI Act
• Competition Commission Act
• Negotiable Instruments Act.
ICWAI Syllabus 2008 9
B. Auditing ( 50 Marks)
1. Auditing Basics 10%
• Major influences of auditing; nature and scope of auditing; basic concepts of auditing; role of evidence in auditing;
auditing techniques and practices – generally accepted auditing standards; the concept of materiality in auditing.
• Fixed assets, investments, inventories, debtors, loans and advances, cash and bank balances, debentures and
creditors, provisions for taxation, proposed dividend and gratuity – other items in the balance sheet; verification of
items in the profit and loss account; contingent liabilities; disclosure of accounting policies, practice; expenditure
during the period of construction; adjustments for previous year – provisions of the Companies Act, 1956 regarding
accounts. Restructure
• Statistical sampling in auditing. Use of ratios and percentages for comparison and analysis trends - inter-firm and
intra-firm comparison.
2. Companies Act Provisions relating to Audits 10%
• Auditors' appointment, remuneration, removal, rights of statutory auditors, duties of statutory auditors, joint auditors,
branch audits.
• report versus certificate, contents of the reports, qualifications in the report.
• relevant provisions of the Companies Act, 1956 and the Income-tax Act, 1961.
• Interface between statutory auditor and internal auditor.
• Corporate Governance
3. Review and Audit of Internal Control Systems 15%
• Nature and scope of internal auditing, financial versus operational audit; concepts of efficiency audit, propriety audit,
voucher audit, compliance audit, pre and post audits.
• CARO
• Audit Report
• Internal auditing function
• Planning and process of internal audit
• Verification of evidence, detailed checking versus sampling plans, statistical sampling as used in internal auditing;
flow chart techniques.
• Internal control, nature and scope, internal auditor and internal controls.
• Field work, collecting evidences, interviews; memoranda.
• Audit notes and working papers.
• Audit reports - techniques of effective reporting; follow up of audit report.
• Summary reports of top management.
• Communications in internal auditing - improving auditor-auditee relationship.
• Scope of Audit Committee
• Internal audit and investigation of fraud
4. Information System Audit. 10%
5. Introduction to Management Audit. 5%

Paper 7: Applied Direct Taxation (One Paper: 3 hours:100 marks)

Objectives:
• To understand the provisions of direct tax laws
• To gain knowledge on procedural aspects for filing tax returns for various assesses and other statutory compliances
• To get knowledge of various tax incentives and benefits under direct taxes
• To know applications of tax provisions in various cases
1. Direct Taxes- Comprehensive Study. 50%
• Overview of Direct Tax Laws
• Direct versus indirect taxes, taxable person
• Basic Concepts.
• A comprehensive study of the Income-tax Act, 1961; case laws governing capital and revenue expenditure, deemed
income, residence concept.
• Special problems centering on the concept of assessees, registered firm, Hindu Undivided Family, Companies,
Association of persons and trust, minors, cooperatives, non-resident Indians and avoidance of double taxation.
• Salaries, perquisites, gratuity and retirement benefits, income from house property, capital gains, income from other
sources, income from business and profession, problems arising from aggregation of income and set off and carry
forward of losses,
• Computation of income and Return of Income Tax, Filing procedure, Principles of valuation of movable and
immovable property. Advance payment of Tax.
• Deduction and collection of tax at source.
• Tax incentives and export promotion schemes, other benefits and tax exemptions.
• Assessment, appeals, revisions, review, rectification and application to Central Board of Direct Taxes.
• Penalties ,Fines and prosecution.
• Refunds.
• Securities Transaction Tax.
• Fringe Benefit Tax.
• Banking Cash Transaction Tax.
• Wealth Tax.
2 Practical problems and case studies under Direct Taxes. 50%

Group II

Paper 8: Cost & Management Accounting (One Paper: 3 hours:100 marks)

Objectives
• To understand basic concept, processes used to determine product cost
• To gain knowledge of preparation of budgets , standard costs and variance statements
• To gain skill for controlling cost and decision making
1. Basic aspects of Cost Accounting 15 %
• Cost Concepts and Classification of costs
• Materials: accounting and control systems procedures and techniques
• Labour: accounting, incentive schemes and control systems and procedures
• Direct Expenses
• Indirect expenses: allocation, apportionment, re-apportionment and absorption of overhead costs.
• Cost Accounting Standards.
2. Cost Accounting Methods and systems 20%
• Job, batch, contract and process costing.
• Cost accounting for service sector
• Accounting entries for an integrated accounting system – cost ledgers
• Reconciliation between cost and Financial profit and loss account.
• Interlocking accounting
3. Decision Making Tools 20%
• Marginal costing, break even analysis and its applications in decision making
• Absorption costing as a system of profit reporting and stock valuation.
• Throughput accounting as a system of profit reporting and stock valuation.
• Activity-based costing for profit reporting and stock valuation.
• Integration of standard costing with marginal cost accounting, absorption cost accounting and throughput
accounting.
• Process costing including establishment of equivalent units in stock, work-in-progress and abnormal loss accounts
and use of various methods like first-in-first-out, average cost and standard cost methods of stock valuation.
4. Budgeting 15%
• Budget Concepts and Preparation
• Fixed and Flexible Budgets
• Time series analysis including moving totals and averages, treatment of seasonality, trend analysis using
regression analysis and the application of these techniques in forecasting product and service volumes.
• Fixed, variable, semi-variable and activity-based categorizations of cost and their application in projecting
financial results.
• Zero base budgeting
5. Standard Costing 15%
• Manufacturing standards for material, labour, and overhead.
• Price/rate and usage/efficiency variances for materials, labour and overhead. Further subdivision of total
usage/efficiency variances into mix and yield components.
• Fixed overhead variances.
• Planning and operational variances.
• Sales price and sales revenue/margin volume variances (calculation of the latter on a unit basis related to revenue,
gross margin and contribution margin). Application of these variances to all sectors, including professional services
and retail analysis.
• Interpretation of variances: interrelationship, significance.
• Benchmarking for setting standards
6. Costing and performance management 10%
• Business performance measurement for performance improvement
8. Recent trends in cost and Management Accounting 5%

Paper 9: Operation Management and Information Systems (One Paper: 3 hours:100 marks)

Objective:
• To gain knowledge of Operation Management, Production planning and resource management
• To develop understanding of Information Technology and its use in business environment.
A. Operation Management ( 50 marks)
1. Overview of Production Process 15 %
• Fabrication process
• Metal working process – forming, heat treatment, welding, surface treatment etc.
• Machining process
• Class of machine – Lathes, drilling, grinding, milling, planing, shaping, slotting etc.
• Special purpose machine – special grinding, hobbing, honing, cutting tools, jigs and fixtures etc.
• Pump, motor, transformer, electrical drives,
• Classification of industries based on production process
• Technological aspects of different production process like power, pollution control, recovery process,
• Plant layout , material handling system etc
2. Production Planning & Productivity management 15%
• Time study, work study, method study, Job Evaluation.
• Production planning and control-Introduction.
• Forecasting
• Capacity planning and Utilization.
• Process planning,
• Project planning.
• Progressing and follow-up.
• Despatching.
• Scheduling Technique & Line Balancing Problem
• Economic batch production
• Human Resource Planning
• Material Requirement Planning
• Productivity measurement techniques of factors of production
• Quality Control
3. Maintenance Management 10%
• Obsolescence, replacement of machinery
• Breakdown maintenance, preventive maintenance & Routine Maintenance
• Maintenance Techniques
• Maintenance organization
• Maintenance problems etc
4. Resource Management 10%
• Input-output ratio
• Linear programming
• Transportation
• Replacement of machine
• Change of Technology and its implication

B. Information Systems ( 50 marks)

1. Information System Analysis and Design. 10%
• Information System-Systems development life cycle, Structured Systems Analysis and Design, Physical and Logical
Data Flow Diagrams, Requirements Analysis, Design of New Systems. Data Modeling, data dictionary, entity
relationship diagram, structure charts, Transform and Transaction Analysis, Applications in Financial & Cost
Management
2. Database Management Systems 15%
• File & Data Base Concept, Overview of DBMS, Data Models, Database Administrator, Database Users, Schema.
Data Independence, Relational Database Management System (RDBMS), some applications of RDBMS using
Oracle & SQL Server
3. Management Information Systems (MIS) 15%
• Introduction, People & Organization, System & models, Decision process and evaluation thereof, transaction
processing & management reporting, MIS in functional areas: Finance & Cost Management, Inventory, Marketing,
HRM.
4. Enterprise Resource Planning (ERP) 10%
• Functional architecture of ERP, Material requirement planning & ERP, Business Process Reengineering & ERP,
Supply chain management, Some applications involving SAP & Oracle (Financial), Change Management and ERP
Implementations, Technology and International Considerations in implementation of ERP.

Paper 10: Applied Indirect Taxes (One Paper: 3 hours:100 marks)

Objectives:
• To gain knowledge of various provisions of Central Excise, Service tax, VAT & Sales Tax.
• To know the applications of provisions in different situations
• To understand the statutory compliance under indirect taxes including audits
1. Canons of Taxation - Indirect Taxes 5%
• Features of Indirect Tax. Constitutional validity. Indirect Tax Laws, administration and relevant procedures
2. Central Excise 25%
• The Central Excise Law
• Goods, Excisable goods, Manufacture and manufacturer, Classification, Valuation, Related Person, Captive
Consumption, CAS 4, CENVAT.
• Basic procedures, Export, SSI, Job Work.
• Assessment, Demands, Refund, Exemptions;
• Powers of Officers.
• Adjudication, Appeals, Settlement Commission, Penalties .
• Central Excise Audit and Special Audit under 14A and 14AA of Central Excise Act
• Impact of tax on GATT 94, WTO, Anti Dumping processing;
• Tariff Commission and other Tariff authorities.
3. Customs laws 15%
• Basic concepts of customs law;
• Territorial waters, high seas;
• Types of custom duties., Anti- Dumping Duty, Safeguard Duty;
• Valuation;
• Customs Procedures, Import and Export Procedures, Baggage.
• Exemptions.
• Warehousing, Demurrage;
• Project Imports and Re- Imports;
• Penalties and Offences.
• Export Promotion Schemes. EOU
• Duty Drawback.
• Special Economic Zones.
4. Service Tax 15%
• Introduction, Nature of Service Tax.
• Service Provider and Service Receiver.
• Registration procedure
• Records to be maintained
• Classification of taxable services
• Valuation of taxable services.
• Exemptions and Abatements.
• Payment of service tax, Return
• Cenvat Credit Rules
• Export and import of services.
• Other aspects of Service Tax.
• Taxable Services.
• Special Audit under 14A and 14AA of Central Excise Act
5. Central Sales Tax Act & VAT Act. 15%
• Introduction, definition of sale under CST;
• Stock transfer, branch transfer under CST;
• Inter state sale,
ICWAI Syllabus 2008 15
• Various forms for filing of sales tax returns under CST;
• Sales outside territorial waters under CST;
• Procedures.
• Practical examples on CST.
• VAT, Salient features of State VAT Acts
• Treatment of stock & branch transfer under State VAT Acts
• Filing & Return under State VAT Acts
• Accounting & Auditing VAT
6. Practical problems and Case Studies under Indirect Tax Laws 25%