"16 August 2017" Archive

Government fixes ceiling prices of Knee Implants (Upto 69% Price Reduction)

Government fixes ceiling prices of Knee Implants; People of India to save Rs.1500 crore per annum It is a step to prevent Unethical Profiteering and ensure Affordable and Quality Healthcare for the Last Man: Shri Ananthkumar Overcharging of Knee Implants would be strictly monitored and penalized “Walking the talk of Prime Minister, Shri...

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Posted Under: Corporate Law |

Reg. IGST exemption to temporary import of goods

Notification No. 72/2017-Customs (16/08/2017)

Seeks to supersede Notification No. 27/2002- Customs dated 1st March, 2002 and to provide exemption to temporary import of goods from Customs duty leviable under First Schedule to the Customs Tariff Act, 1975 and from the whole of the integrated tax leviable under sub-section (7) of section 3 of the Customs Tariff Act, 1975 subject [&hell...

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India @70 reflects shades of ever changing economic reality

India @70 has moved with the world, evolving into a strong nation that has traversed different economic ideologies with some of the policies even turning upside down in the last seven decades....

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Posted Under: Corporate Law |

Planning Commission to NITI Aayog Making strategies for transforming India

The NITI Aayog, established in 2015, is one of Indian democracy’s youngest institutions. It has been entrusted with the mandate of re-imagining the development agenda by dismantling old-style central planning. ...

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Posted Under: Corporate Law |

Clarification on submitting Bank certificate evidencing receipt of payment in freely convertible currency

Circular No. 1058/07/2017-Central Ecise (16/08/2017)

Clarification on requirement of submitting Bank certificate evidencing receipt of payment in freely convertible currency under Notification No. 45/2001-CE (NT) dated 26.06.2001 for export to Bhutan for specified Hydroelectric Projects- req....

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Order No. 137/2017 Promotion & posting of officers to Principal CIT grade

Order No. 137 of 2017 (16/08/2017)

ORDER NO, 137 OF 2017 Consequent upon the approval of ACC the following officers are, hereby, promoted to the grade of Principal Commissioner Of Income Tax (level 15 in the pay matrix Rs 1 82,200 – 2,24,100) w e f the date of assumption of charge of the post or until further orders -...

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Guidelines for provisional release of seized imported goods pending adjudication U/s. 110A of Customs Act, 1962

Circular No. 35/2017-Customs (16/08/2017)

While provisional release of seized imported goods under Section 110A of the Customs Act, 1962 may normally be considered by the competent adjudicating authority upon a request made by the owner of the seized goods, provisional release shall not be allowed in the following cases —...

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CBEC amends Notification No. 45/2001-CE (NT) dated 26 June, 2001

Notification No. 25/2017-Central Excise (N.T.) (16/08/2017)

In paragraph 2 under heading, Procedure, against S.N. (3), in item (i) after the words, alongwith bank certificate evidencing receipt of payment in freely convertible currency, the words, in case of Bhutan, it is in Indian Rupees, shall be inserted....

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How to view GST Act, Rules, Notifications, Circulars, Amendments & Press Releases

FAQs on Acts Q.1 Where can I see the applicable Acts, Rules, & Schedules for my state? Under the GST regime the following taxes will be levied: Integrated Goods and Service Tax Act (IGST) Central Goods and Service Tax Act (CGST) GST compensation Act (Cess) State Goods Service Tax Act (SGST) / Union Territory Goods […]...

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Posted Under: Corporate Law |

Where to find list of holidays applicable in GST regime

FAQs on View Holiday List Q.1. How can I find out the working and non-working days of the Central Government and State Government? Ans. Check the list of Central Government and State-wise holidays so that you are aware of working and non-working days of the relevant state and central departments. This list is as per […]...

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Posted Under: Corporate Law |

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