Hon’ble Delhi ITAT held that Penalty can be imposed only on disproved claim of expenditure and not unproved claim of expenditure.
In order to facilitate cash availability for WLAOs, it has been decided to allow them to source cash from retail outlets subject to following conditions:
The quantity of raw sugar i.e. 8424 MTs (Eight thousand four hundred and twenty four metric tons) to be exported to USA under TRQ upto 30.09.2017 has been notified.
Certification of Origin of Goods for European Union Generalised System of Preferences (EU-GSP) – Modification of the system as of 1 January 2017.
Enlistment of one National Marine Consultants Inc., USA as PSIA in terms of para 2.55 (d) of HBP 2015-20 in Appendix 2G of Appendices and Aayat Niryat Forms of Foreign Trade Policy, 2015-20 in terms of Para 2.55 (d) of HBP 2015-20 with immediate effect
MEIS benefit for export of ‘Onions Fresh or Chilled’ under ITC (HS) code 07031010 is extended up to 31 March, 2017 vide Public Notice 49/2015-2020
In pursuance of this announcement made by Government of India for promotion of Digital & Cashless Economy, Ministry of Railways has initiated some additional following package of incentives and measures.
Considering that the Bank is undertaking a comprehensive review of the guidelines and framework for Prepaid Payment Instruments (PPI) issuance in the country (refer Press release dated September 2, 2016), it has been decided to extend the measures notified in the above mentioned circular till the completion of review of the PPI guidelines.
Despite the continuing global sluggishness and recent pick-up in petroleum prices, the macro-economic indicators continue to be robust in the current Year
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue)
