post-production (including CKD/SKD thereof as well as computer software systems) at 5% customs duty subject to an export obligation equivalent to eight times of duty saved on capital goods imported under EPCG scheme to be fulfilled over a period of 8 years reckoned from the date of issuance of licence. However‚ in respect of EPCG licences with a CIF value of Rs 100 crore or more‚ the same export obligation shall be required to be fulfilled over a period of 12 years. Capital goods shall include spares‚ jigs‚ fixtures
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3. Accounting Framework for Rights and Obligations of Emissions Reduction Programs The FASB’s Conceptual Framework provides guidance to standard setters for establishing authoritative guidance. We apply the Conceptual Framework to the components of cap-and-trade programs in section 3.1. Section 3.2 describes the resulting accounting treatment‚ including income statement effects‚ of cap-and-trade program rights and obligations that is implied by the Conceptual Framework. 3.1. Using the FASB’s conceptual
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BUKIDNON STATE UNIVERSITY COLLEGE OF ARTS AND SCIENCES INFORMATION TECHNOLOGY DEPARTMENT DENR-PENRO Budget Monitoring System In partial fulfilment of the Requirements for the course IT Prof 8 - Software Engineering for a degree of Bachelor of Science in Information Technology By: Gonzales‚ Jessica Joy B. Jamago‚ Mark Vincent C. Maramba‚ Gean Paul A. Rebosura‚ Hannah Leah T. Silva‚ Rannie G. Yabes‚ Charlie C. MARCH 2015 Gonzales‚ J.J.B.‚ Jamago‚ M.V.G.‚ Maramba‚ G.P.A.‚ Rebosura‚ H.L.T.‚ Silva
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Inc. has a present obligation (IAS 37-17) and probable liability (ASC 450-20-25-2) on December 31‚ 2011 as a result of a past event‚ the contamination of the land‚ because it is virtually certain that a draft law requiring cleaning up will be enacted. It is probable (more likely than not) that Energy Inc. will be required to transfer economic benefits in settlement which is an outflow of resources embodying economic benefits in settlement (IAS 37-23). The amount of the obligation or loss can also
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where a person’s career is not a risk‚ that there is still no ethical obligation
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"What does substantial performance mean in the context of discharge or termination of contractual obligations on the basis of performance? A contract may be terminated by discharged of performance once both contracting parties have completely fulfilled their contractual obligations. A general rule of discharge by performance requires the complete and exact performance of the contractual obligations.1 Once performance has been completed it is required that payment be made. However‚ if a contracting
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carry large amounts of money or cash in wallets that may result in theft. 1 Basically‚ credit transactions are contracts of security. Security is something given‚ deposited or serving as a means to ensure the fulfillment or enforcement of an obligation or of protecting some interest in the property. The two types of security are personal security‚ which is when an individual becomes a surety or a guarantor and real security when an encumbrance is made on property.2 There are two types of credit
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environment; (3) interest on the minimum working conditions. "Platts these three kinds of responsibility as " a minimum core of moral responsibility "‚ and the core is divided into three levels of moral responsibility : "First‚ companies assume an obligation to the most basic moral responsibility: to provide consumers with safe and is the good performance of goods and services. On this basis‚ and permanent responsibility‚ and now added a new moral responsibility. The second level of the expanded scope
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aspects to all human interaction‚ there are some ethical questions about business research.” What are ETHICS? Such a question is a philosophical question. Philosophers do not generally agree as to the to the question but people’s rights and obligations are usually dictated by the norms of society. Societal norms are codes of behaviour adopted by a group; they suggest what a member of a group ought to do under given circumstances. Ethical problems may arise when there are conflicting perspectives
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FASB Accounting Standards Codification: 410 Asset Retirement and Environmental Obligations Abstract The purpose of this research paper is to summarize research on codification topic 410 based on the information found in different academic databases. The first part of the paper will focus on the FASB Codification database. The second part of the paper will compare and contrast three other databases on the same codification 410 within the RIA Checkpoint databases: AICPA: Auditing
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