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Archive: 30 June 2017

Posts in 30 June 2017

Priority in Assessment of Bill of Entry of DPD Status Holder in JNCH

June 30, 2017 708 Views 0 comment Print

Accordingly, it has been decided that any request received from the DPD Importer by the concerned Group AC/DC, either through letter or SMS/whatsapp at their mobile numbers listed on JNCH website or by email at appraisingmain.jnch@gov.in should be attended by the concerned Group immediately.

Seeks to supersede notification 108/95-central excise dated 28.08.1995

June 30, 2017 2286 Views 0 comment Print

Notification No. 10/2017 – Central Excise Provided that before clearance of the said goods, the manufacturer produces before the Assistant commissioner of central excise having jurisdiction over his factory, a certificate from the United Nations or an international organization that the said goods are intended for the official use by the United Nations or the said international organization.

CBEC rescinds 40 Central Excise notifications wef 01.07.2017

June 30, 2017 1278 Views 0 comment Print

In exercise of the powers conferred by sub-section (2) of section 3, sub-section (1) of section 5A and sub-section(3) of section 3A of the Central Excise Act, 1944 (1 of 1944), sub-section (3) of section 3 of the Additional Duties of Excise(Goods of Special Importance) Act, 1957 (58 of 1957) and sub-section (3) of section 136 of the Finance Act, 2001

Interest rates on Small Savings Schemes from 01.07.2017 to 30.09.2017

June 30, 2017 2688 Views 0 comment Print

Rates of interest on various small savings schemes for the second quarter of financial year 2017-18 starting 1st July, 2017, and ending on 30th September, 2017, on the basis of the interest compounding / payment built-in in the schemes, shall be as under:

SEBI notifies criteria of Annual Inspection of Members

June 30, 2017 969 Views 0 comment Print

1. The criteria for selection of members for annual inspection are as follows: a. Stock brokers servicing investors, getting disabled on account of funds shortages on more than 3 times in a month shall be inspected irrespective of the fact of when they were last inspected.

FTP provisions related to implementation of GST

June 30, 2017 8814 Views 1 comment Print

Important FTP provisions in the context of the implementation of the GST regime applicable w .e.f. 01.07.2017. The chapter wise provisions of the FTP 2015-20:

Cabinet gives ‘in principle’ approval for disinvestment of Air India

June 30, 2017 1011 Views 0 comment Print

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to fourth tranche recommendations of NITI Aayog on strategic disinvestment of CPSE (strategic disinvestment of Air India and five of its subsidiaries) based on the recommendations of Core Group of Secretaries on Disinvestment (CGD).

Payment of GST on Supply of GOODS under Reverse Charge Mechanism: A big dilemma

June 30, 2017 92964 Views 26 comments Print

Prior to introduction of GST, Reverse Charge Mechanism was common for Service Sector as several of the services were in Reverse Charge. Thus Service Sector is well confortable with the Reverse Charge provisions.

4 Benefits of Registering Online under GST Composition Scheme

June 30, 2017 7308 Views 3 comments Print

Before learning the benefits of composition scheme of GST India Online, it’s important to know about it. Under the section 10 of GST law, there is a provision that states only those need to register under the GST composition scheme whose annual business turnover is less than fifty lakhs.

Few suggestions for practitioners as implementation date for GST is approaching near

June 30, 2017 7695 Views 2 comments Print

Study the accounting systems & procedures of medium and Big sized clients thoroughly so that you can act as their GST implementation guide. Use of industry wide accepted GST software should be adopted instead of filing returns manually every month.

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