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Archive: 11 April 2017

Posts in 11 April 2017

Can’t allow Deposit of Old Notes After Dec 31, 2016: Centre To SC

April 11, 2017 3579 Views 0 comment Print

The Central Government on 07th April informed the Supreme Court vide a 27-page affidavit that there is no need to open the window allowing all categories of people to deposit old demonetised notes of Rs 500 and Rs 1000 after December 31, 2016 under some special circumstances as no justifiable reason exists either in law […]

Resolve duplicate PAN requests marked during PAN allotment: DIT

April 11, 2017 1689 Views 0 comment Print

As per procedure put in place a reasonable number of PAN allotment requests are being marked as probable duplicate by the system, during process of allotment of PAN, which has to be resolved by respective Regional Computer Centres (RCCs) and a decision is taken by matching details of already allotted PAN and new PAN request to either allot a new PAN or mark the request for allotment of PAN as duplicate request.

ROC notice to more than 2 Lakh Companies for Strike off of Name

April 11, 2017 17427 Views 6 comments Print

Registrar of Companies has issued notices to more than 2 Lakh Companies all over India who have not commenced business within one year of their incorporation or who have not been carrying on any business or operation for a period of two immediately preceding financial years and have not made any application within such period […]

PAN and TAN within 1 day

April 11, 2017 18243 Views 1 comment Print

CBDT has tied up with Ministry of Corporate Affairs to issue Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) in 1 day.

Revised timeline for FATCA compliance for account holders

April 11, 2017 4269 Views 0 comment Print

The account holders may be informed that, in case self-certifications are not provided till 30 April 2017, the accounts would be blocked, which would mean that the financial institution would prohibit the account holder from effecting any transaction with respect to such accounts.

Levy of Fees (Customs Documents) Amendment Regulations, 2017

April 11, 2017 10788 Views 2 comments Print

All cases of Minor amendment should be decided administratively without recourse to adjudication or levy of penalty. Levy of Fee (Customs Documents) Regulations, 1970 allows the proper officer to permit an IGM to be amended or supplemented, on payment of prescribed fees, if he is satisfied that there is no fraudulent intention. The said regulations […]

Notification No. 35/2017-Customs (N.T.) dated 11th April, 2017

April 11, 2017 22254 Views 0 comment Print

In order to ensure that all amendment applications are disposed off within specified time limits, it is desired that all minor amendments are approved on the same day of the submission of complete application along with all the required documents.

Anti-dumping duty on import of Flexible Slabstock Polyol from Thailand

April 11, 2017 1818 Views 0 comment Print

Seeks to levy definitive anti-dumping duty on import of ‘Flexible Slabstock Polyol’ originating in or exported from Thailand for a period of five years (unless revoked, superseded or amended earlier).

Anti-dumping duty on imports of Linear Alkyl Benzene

April 11, 2017 3363 Views 0 comment Print

Seeks to levy anti-dumping duty on the imports of Linear Alkyl Benzene originating in or exported from Iran, Qatar and People’s Republic of China for a period of five years (unless revoked, superseded or amended earlier).

Online application for Insurance Self Networking Platform (ISNP)

April 11, 2017 4701 Views 0 comment Print

Circular on Filing of online application for Insurance Self Networking Platform (ISNP) as per IRDAI’s Guidelines on insurance e-commerce dated 9th March. 2017

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