"07 March 2017" Archive

Harmonising MEIS Schedule / Table with MEIS Rate Product wise

Public Notice No. 61/2015-2020 (07/03/2017)

This is a consolidated list of all items under MEIS notified so far (Public Notice No.2 dated April 1, 2015 and subsequent expansion through PN.27 dated July 14, PN. 28 dated July 16, PN.44 dated 29 October of 2015 and PN.6 dated May 4, PN.26 dated August 26 , PN.32 dated September 22 of 2016 and PN.49 dated 30.12.2016) and is based on se...

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FM releases Revised General Financial Rules (GFR) 2017

The Finance Minister Shri Arun Jaitley calls upon the Financial Advisers of different Ministries to ensure that expenditure on schemes and projects start from the beginning of the financial year to leverage the early passing of the Finance Bill this year;...

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Posted Under: DGFT |

ICAI invites suggestions on Mid Term Review of FTP 2015-20 / SEIS

Ministry of Corporate Affairs seeking ICAI's suggestions for the Mid-Term Review of the Foreign Trade Policy 2015-20 in order to account for the changes in the circumstances over period and as a measure of mid-term course correction. ...

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Posted Under: DGFT |

CBDT signs 141st Bilateral Advance Pricing Agreement (APA)

Central Board of Direct Taxes (CBDT) signs another Bilateral Advance Pricing Agreement (APA) with subsidiary of a Japanese Company taking the total APAs entered into by the CBDT to 141 ...

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Posted Under: DGFT |

Turning Padma Awards into People’s Awards

The Padma Awardees List for 2017 has come as a whiff of fresh air. The unsung heroes have captured the imagination of the people. They include a) Meenakshi Amma (76), India’s oldest women exponent of Kalaripayttu b) Girish Bharadwaj (66)...

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Posted Under: DGFT |

Beekeeping: Vital Input for Sustainable Agriculture

Beekeeping is an agro-based activity which is being undertaken by farmers/landless labours in rural area as an integrated farming practice. Beekeeping supplements income & employment generation and nutritional intake of rural population. ...

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Posted Under: DGFT |

Are you serious, Mr. Prime Minister?

When I heard you during your election campaign for the parliamentary elections in 2014, I just dismissed it as another rhetoric by an aspiring politician…. I am referring to your vow of eliminating black money, the so-called parallel economy running in the country… rather, running the country. ...

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Posted Under: DGFT | ,

Indian women continue to be viewed as supplementary bread earners in families

A survey, conducted by Apollo Munich Health Insurance in collaboration with Nielsen India Pvt. Ltd. in 19 cities found that despite a rise in health insurance claims filed by women, few women are coming forward to buy health insurance....

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Posted Under: DGFT |

Use of facility does not amount to technical services

Director of Income Tax (IT)-I Vs A.P. Moller Marsk A S (Supreme Court of India)

Freight income from operation of ships in international waters is not chargeable to tax under Indo-Danish DTAA; Use of facility does not amount to technical services, as technical services denote services catering to the special needs of the person using them and not a facility provided to all....

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ITAT vacates stay on demand on flouting of terms of stay of demand

MSM Discovery Private Limited Vs The Asst. Commissioner of Income Tax (ITAT Mumbai)

This appeal, filed by the assessee, being ITA No. 971/Mum/2016 for assessment year 2011-12 has come up for hearing today i.e. 23-02.2017 whereby ld. Counsel Shri Hiten Chande,CA on behalf of the assessee and Mrs. Malathi Sridharan, CIT DR on behalf of the Revenue were present. The Assessing officer was also present during the course of he...

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