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Archive: 28 February 2017

Posts in 28 February 2017

FPIs allowed to invest in unlisted corporate bonds, securitised debt

February 28, 2017 756 Views 0 comment Print

Unlisted corporate debt securities in the form of non-convertible debentures/bonds issued by public or private Indian companies subject to the guidelines issued by the Ministry of Corporate Affairs, Government of India from time to time and also subject to minimum residual maturity of three years and end use-restriction on investment in real estate business, capital market and purchase of land. The expression ‘Real Estate Business’ shall have the same meaning as assigned to it in Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000 Notification No.FEMA.362/2016-RB dated February 15, 2016. The custodians of the FPIs shall put in place an appropriate mechanism to ensure compliance with these conditions as prescribed by RBI from time to time.

DGFT to accept e-BRC for exports with LEO date upto 31.03.2014

February 28, 2017 2592 Views 0 comment Print

CBEC decided that for exports with LEO dates 12.08.2012 onwards till 31.03.2014, DGFT’s e-BRC would be accepted, except in case of specific intelligence or information of misuse. This shall be subject to appropriate declaration by the exporter on back of DGFT e-BRC. Format of the said declaration is annexed herewith.

Exemption from drawal of samples for grant of drawback

February 28, 2017 618 Views 0 comment Print

It has been decided by the Board that those exporters who have been accorded Authorized Economic Operator (AEO) certificate (Tier II & Tier III) in terms of Circular No. 33/2016- Customs dated 22.07.2016 are being exempt from the requirements of drawl of samples for the purpose of grant of drawback, except in case of any specific information or intelligence.

Notification No. 13/2017-Customs (N.T.), Dated: 28.02.2017

February 28, 2017 1173 Views 0 comment Print

Tariff Notification Notification No. 13/2017-Customs (N.T.), Dated: 28.02.2017 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver – Reg

Proposal to amend Customs Valuation (Determination of Price of Imported Goods) Rules, 2007

February 28, 2017 885 Views 0 comment Print

The Central Govt. proposes to consider the following amendments to the Customs Valuation (Determination of Price of Imported Goods) Rules, 2007

Lessee cannot claim CENVAT credit on capital goods on which lessor has availed depreciation U/s. 32 of Income Tax Act, 1961

February 28, 2017 2700 Views 0 comment Print

Briefly stated the facts of the case are that the appellants are engaged in the manufacture of excisable goods, namely paper and paperboard falling Chapter Heading 48 of the Central Excise Tariff Act, 1985. They have availed CENVAT credit of Rs.39,50,149/- on capital goods, procured on lease basis from one M/s B.G. India Energy Services Pvt. Ltd

Aadhaar Mandatory for Accredited Social Health Activists Scheme

February 28, 2017 1371 Views 0 comment Print

Performance based incentives are paid as benefits to Accredited Social Health Activists (ASHA) (hereinafter referred to as the beneficiaries) for the work performed by them and which involve recurring expenditures from the Consolidated Fund of India;

ICSI Procedure to Exam Enrolment by CS Students under New System

February 28, 2017 5619 Views 0 comment Print

This document will guide the registered student on how to enroll in the registered course for a particular session. Registered students can enroll in the course for the session anytime after 6 months of the registration.

DVAT 3rd quarter of 2016-17 Online Return Filing due date extended to 08/03/2017

February 28, 2017 1131 Views 0 comment Print

Commissioner, Value Added Tax, do hereby extend the last date of filing of online/hard copy of third quarter return for the year 2016-17, in Form DVAT-16 ,DVAT-17 and DVAT-48 along with required annexure/enclosures to 08/03/2017.

Regional Centre for Biotechnology Act, 2016 effective from 01.03.2017

February 28, 2017 624 Views 0 comment Print

In exercise of the powers conferred by sub-section (2) of section 1 of the Regional Centre for Biotechnology Act, 2016 (36 of 2016), the Central Government hereby appoints the 1st day of March, 2017 as the date on which the provisions of the said Act shall come into force.

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