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Archive: June, 2017

Posts in June, 2017

IBBI notifies Fast Track Insolvency Resolution Process

June 14, 2017 834 Views 0 comment Print

Central Government appoints 14th day of June, 2017 as date on which provisions of section 55 to 58 (both inclusive) of Insolvency and Bankruptcy Code, 2016 shall come into force.

Help Desk for GST issues related to Foreign Trade Policy

June 14, 2017 1473 Views 0 comment Print

In continuance of Trade Notice No. 08/2018 dated 8th June 2017 and in furtherance of objectives stated in the said trade notice, it is decided to constitute a GST Help Desk in DGFT Headquarters to reply queries on GST related to Foreign Trade Policy.

Anti-dumping duty on Soluble Salt Double Charge, GVT & PGVT, Porcelain/ Vitrified Tile

June 14, 2017 1452 Views 0 comment Print

Seeks to impose anti-dumping duty on Soluble Salt Double Charge, GVT and PGVT, Porcelain/ Vitrified Tiles with less than 3 water absorption and All sizes originating in or exported from the China PR for a period of five years (unless revoked, amended or superseded earlier) from the date of imposition of the provisional anti-dumping duty, that is, the 29th March,2016, imposed vide Notification number 12/2016 dated the 29th March, 2016

Anti-dumping duty on imports of Hydrogen Peroxide

June 14, 2017 2430 Views 1 comment Print

Seeks to impose ADD on the imports of Hydrogen Peroxide originating in or exported from Bangladesh, Taiwan, Korea RP, Pakistan and Thailand for a period of five years.

Delhi Goods and Services Tax Act, 2017

June 14, 2017 2379 Views 0 comment Print

An Act to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the National Capital Territory of Delhi and the matters connected therewith or incidental thereto

Manual filing and processing of bills of entry – regarding

June 14, 2017 7680 Views 0 comment Print

Attention of all Importers, Customs Brokers, Members of the Trade and others is invited towards Board’s Instructions No.-06/2017 dated 02.06.2017. It has been reiterated that manual bill of entry shall be allowed to be filed in EDI locations only in exceptional and genuine cases where permitted by the Principal Commissioner/ Commissioner of Customs strictly in accordance with the legal provisions w.e.f. 15.06.2017.

Sale of Leasehold Rights taxable and Section 50C applicable

June 14, 2017 5448 Views 0 comment Print

Assessee was allotted a residential plot on 19.01.2004 in Sector-105, Noida through lottery on payment of allotment money of Rs.1,30,000/-. The total purchase price of the plot was Rs. 16,75,000/-. 2. The assessee on 28.02.2004 entered into an Agreement to sell in respect of this plot with M/s Rosebud Construction Pvt. Ltd through its Director […]

SEBI Circular on Recording of NDU in Depository System

June 14, 2017 5085 Views 0 comment Print

It has been observed that some shareholders, primarily promoters, enter into non-disposal agreements/ non-disposal undertaking (NDU) for borrowing funds from various lenders. NDUs are typically undertakings given by a shareholder not to transfer or otherwise alienate the securities and are in the nature of negative lien given in favour of another party, usually a lender.

Cabinet clears Bill to deal with crisis in banks, insurers

June 14, 2017 741 Views 0 comment Print

The Financial Resolution and Deposit Insurance, Bill 2017 when enacted, will pave the way for setting up of the Resolution Corporation. It would lead to repeal or amendment of resolution-related provisions in sectoral Acts as listed in Schedules of the Bill.

The Delhi Goods and Services Tax Act, 2017

June 14, 2017 4722 Views 0 comment Print

An Act to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the National Capital Territory of Delhi and the matters connected therewith or incidental thereto

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