"16 May 2017" Archive

MCA withdraws Circular on Transfer of shares to IEPF Authority

General Circular No.05/2017 (16/05/2017)

General Circular No. 03/2017 dated 27.04.2017 regarding Transfer of shares to IEPF Authority is being reviewed by the Ministry and hence the said circular stands withdrawn with immediate effect....

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Limited Liability Partnership (Amendment) Rules, 2017

Notification No. G.S.R. 470(E) (16/05/2017)

(I) file overdue returns in Form 8 and Form 11 up to the end of the financial year in which the limited liability partnership ceased to carry on its business or commercial operations before filing Form 24;...

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Self-certificate compliance regime for Start-ups extended to five years

Circular No. CAIU/011/(34)2016/3806 (16/05/2017)

For the first year of setting up of the Start-ups such establishments may not be inspected under any of the 6 Labour laws (viz. BoCW Act, ISMW Act, Payment of Gratuity Act, Contract Labour Act, EPF Act and ESI Act). These start-ups may be asked to submit an online self-declaration instead....

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Deprecation cannot be claimed in respect of Written Off / unusable Assets

Commissioner of Income Tax Vs Brawn Pharmaceuticals Ltd. (Delhi High Court)

Section 32(1)(iii) of the Act provides for deduction, in the case of any building, machinery, plant or furniture, in respect of which depreciation is claimed and allowed under clause (i) and which is sold, discarded, demolished or destroyed in the previous year (other than the previous year in which it is first brought into use), [&hellip...

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Anti-dumping duty, on imports of Aluminium Foil from China

Notification No. 23/2017-Customs (ADD) (16/05/2017)

Seeks to levy definitive anti-dumping duty, on imports of Aluminium Foil originating in or exported from China PR vide Notification No. 23/2017-Customs (ADD) dated 16.05.2017 ...

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Increase in anti-dumping duty on imports of Polytetraflouroethylene

Notification No. 22/2017-Customs (ADD) (16/05/2017)

In exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the Customs Tariff Act, read with rules 18 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government hereby makes the following amendmen...

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Anti-dumping duty on import of Amoxycillin

Notification No. 21/2017-Customs (ADD) (16/05/2017)

Seeks to levy definitive anti-dumping duty on import of Amoxycillin originating in or exported from China PR for a period of five years (unless revoked, superseded or amended earlier) in pursuance of final findings of the Directorate General of Anti-Dumping and Allied Duties....

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Notification No. 20/2017-Customs Dated: 16th May, 2017

Notification No. 20/2017-Customs (16/05/2017)

Seeks to amend notification no. 12/2012-customs dated 17.03.2012 extending the time period for furnishing the final Mega power project certificate from 60 months to 120 months and extending the period of validity of security in the form of Fixed Deposit Receipt or Bank Guarantee from 66 months to 126 months, in case of provisional mega po...

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Expanded schedule of tariff preferences under India-Chile PTA)

Notification No. 19/2017-Customs (16/05/2017)

Seeks to amend Notification No. 101/2007 – Customs dated 11th September 2007 so as to notify the expanded schedule of tariff preferences under the India-Chile Preferential Trade Agreement (PTA)....

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Reg. Admission by Regional Director of Time barred application

General Circular No. 04/2017 (16/05/2017)

A representation was received from Regional Director, Mumbai seeking Clarification as to whether Regional Directors can entertain, fresh applications u/s 16 of the Companies Act, 2013 in respect of applications which were earlier rejected by them under Companies Act, 1956...

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