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Syllabus of CS - Professional Programme OF Module-III

 Syllabus of CS - Professional Programme OF Module-III 


Module III - Strategic Management, Alliances and International Trade

CS_PP :: Professional Programme 
Paper 5 : Strategic Management, Alliances and International Trade
[One paper: Three Hours – 100 marks]

Level of Knowledge:

Working knowledge


To develop the basic understanding of the students about the concepts, techniques and processes relating to strategic management, alliances as well as International Trade and treatiesincluding World Trade Organisation.

Detailed contents :

Part A : Strategic Management (40 Marks)

1. Nature and Scope of Strategic Management
  Concept; role, functions and processes of strategic management in globally, competitive and knowledge-based environment.
2. Environmental Scanning and Internal Appraisal Analysis
(a) Identification of external variables - economic, technological, legal, political, socio-cultural and, global; industry appraisal analysis and forecasting; synthesis of external factors;
(b) Internal scanning of the firm;
(c) Tools and techniques of strategic management –SWOT analysis, situational analysis; Gap analysis, impact analysis, value chain analysis; business process re-engineering.
3. Planning and Formulation
  Formulation of Corporate vision, mission, goals and objectives; developing strategic alternatives, evaluations of alternatives, selection of best alternative; strategic planning vis-� -vis tactical planning; Strategic models for optimal decision–making.
4. Implementation and Control
  Strategy implementation; developing programs, budgets and procedures; strategic control; managing strategic changes.
5. Review
Performance Evaluation - criteria and challenges
6. Risk Management
  Meaning, objectives and significance; types of risks; measuring the trade off between risk and return; control and management of business risks.
7. Management Information Systems
  Concept, elements and structure; approaches of MIS development; pre-requisites of an effective MIS, Enterprise Resource Planning (ERP).
8. Internal Control Systems
  Meaning, definition, objectives, classification, scope and limitation of internal control; steps and techniques of internal control systems.

Part B : Strategic Alliances (20 Marks)

9. Nature and Scope
  Meaning, types and stages; integrating alliances into corporate strategy; cross cultural alliances; implementation and management of strategicalliances.
10. Foreign Collaborations and Joint Ventures
  Industrial Policy; Foreign Investment Policy; kinds and negotiation of collaboration and joint ventures, drafting of agreement, restrictive clauses; Indian joint ventures abroad – Indian experiences.

Part C : International Trade (40 marks)

11. International Trade and Treaties
  Concept and Theories of International Trade, Institutionalisation of international trade, establishment of World Trade Organisation; Economic Blocks and Trade Agreements such as ASEAN, EU, SAPTA, NAFTA etc.; India’s Free Trade, Economic Cooperation and Partnership Agreements.
12. Anti-dumping, Subsidies and Countervailing Duties
  WTO agreements on anti-dumping; safeguard measures; subsidies & countervailing duties; Regulatory Framework and procedure in India.
13. Settlement of Disputes under WTO
  Rules, regulations and procedures relating to settlement of disputes under WTO.

Module III - Advanced Tax Laws and Practice


CS_PP :: Professional Programme 
Paper 6 : Advanced Tax Laws and Practice
[One paper: Three Hours – 100 marks]

Level of Knowledge:

Expert knowledge


To provide —
(i) knowledge of framework of taxation system in India.
(ii) knowledge of various concepts and their application relating to tax laws with a view to integrating the relevance of these laws with financial planning and management decisions.
(iii) an overview of international taxation.

Detailed contents :

Part A : Direct Taxation - Law and Practice (30 marks)

1. General Framework of Direct Taxation in India
  Different direct tax laws and their inter-relationship; importance of Income Tax Act and Annual Finance Act and related Constitutional provisions; harmonisation of tax regime.
2. Companies under Income-tax Laws
  Classification and tax incidence; corporation tax as per Article 366; computation of taxable income and assessment of tax liability considering special provisions relating to companies.
3. Tax Planning
  Concept of tax planning; Tax planning with reference to setting up a new business; locational aspects; nature of business; tax holiday, etc. 
Tax planning with regard to specific management decisions such as mergers and takeovers; location of undertaking; introduction of voluntary retirement; tax planning with reference to financial management decisions such as borrowing or investment decisions; reorganisation or restructuring of capital decisions. 
Tax planning with respect to corporate reorganization; tax planning with reference to employees’ remuneration. 
Tax planning vis-� -vis important provisions of wealth-tax including court rulings and legislative amendments.
4. Tax Management
  Return and procedure for assessment; special procedure for assessment of search cases, e-commerce transactions, liability in special cases; collection and recovery of tax; refunds, appeals and revisions; penalties imposable, offences and prosecution.

Part B : Indirect Taxation - Law and Practice (50 marks)

5. Introduction
  Special features of indirect tax levies–all pervasive nature, contribution to Government revenues; constitutional provisions authorizing the levy and collection of duties of central excise, customs, service tax, central sales tax and VAT.
6. Central Excise Laws
  Basis of chargeability of duties of central excise–goods, manufacture, classification and valuation of excisable goods, CENVAT; assessment procedure, exemption, payment, recovery and refunds of duties. 
Clearance of excisable goods; Central Excise Bonds; maintenance of accounts and records and filing of returns. 
Duties payable by small scale units. set-off of duties– concept, meaning and scheme; Central Excise Concessions on exports; search, seizure and investigation; offences and penalty. 
Adjudication, Appeal and Revision, including appearance before CEGAT by Company Secretary as authorised representative; settlement of cases.
7. Customs Laws
  Levy of and exemption from, customs duties – specific issues and case studies; assessment and payment duties; recovery and refund of customs duties. 
Procedure for clearance of imported and exported goods; drawback of duties. 
Transportation and warehousing
Confiscation of goods and conveyances and imposition of penalties; search, seizure and arrest, offences and prosecution provisions. 
Adjudication, Appeal and Revision; Settlement of Cases.
8. Promissory Estoppel in Fiscal Laws – principles and applicability with reference to indirect taxes.
9. Tax Planning and Management – scope and management in customs, with specific reference to important issues in the respective areas.

Part C: International Taxation (20 marks)

10. Basic Concepts of International Taxation
  Residency issues; source of income; tax havens; unilateral relief and Double Tax Avoidance; transfer pricing; international merger and acquisitions; impact of tax on GATT 94, WTO, anti dumping processing; the subpart F Regime : definition of CFC, Subpart F Income and Operating Rules.
11. Advance Ruling and Tax Planning
  Authority for advance rulings, its power and procedure; applicability of advance ruling; application for advance ruling and procedure on receiptof application. 
Tax planning and special provisions relating to certain incomes of nonresident corporate assessee. 
Double taxation avoidance agreements; general principles; provisions and tax implications thereof.
12. Taxation of Inbound Transactions
  Taxation of passive investments; capital gains & losses; income taxation; property taxation; branch profit taxation.
13. Taxation of Outbound Transactions
  Foreign tax credit; foreign income exclusions; indirect foreign tax credit (deemed paid system vs. current pooling system); Controlled Foreign Corporations; PFIC’s (Passive Foreign Investment Companies); cross border merger, acquisitions and transfers.


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