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Archive: August, 2017

Posts in August, 2017

DGFT Procedure for execution / monitoring of No Use Bond

August 29, 2017 3069 Views 0 comment Print

Procedure for execution / monitoring of No Use Bond in respect of clearance of import FCL containers involving NOC from Participating Government Agencies (PGAs)

Procedure for evacuation of DPD containers from JNCH port terminals

August 29, 2017 3003 Views 0 comment Print

Procedure in relation to evacuation of DPD containers from port terminals of JNCH, Nhava Sheva to designated CFSs, if not cleared within prescribed 48 Hours period, extension of aforesaid time limit in certain situations;

Govt collects GST of Rs. 92,283 crore for the Month of July 2017

August 29, 2017 1182 Views 0 comment Print

The Goods and Services Tax (GST) tax was introduced on 1st of July, 2017. The last date for payment of GST for the month of July 2017 was 25th August, 2017. The last date for filing returns in cases, where the taxpayer wanted to avail transitional credit was 28th August, 2017 and, in all other cases, it was 25th August, 2017.

Two important statistical tools to select a better rewarding mutual fund

August 29, 2017 1785 Views 0 comment Print

A mutual fund’s performance and risk can be ascertained by many statistical tools. Among the tools are risk & reward ratios, which help to ascertain the level of risk and reward associated with a particular mutual fund in a given circumstance at a point of time.

Anti-dumping duty on import of Metronidazole from China to continue

August 29, 2017 1065 Views 0 comment Print

Seeks to continue anti-dumping duty in force concerning imports of Metronidazole originating in exported from China PR vide Notification No. 41/2017-Customs (ADD)

GST: Nomination of chief commissioner / Chief Commissioner as Appellate Authorities for Advance Rulings in States and UTs

August 28, 2017 2565 Views 0 comment Print

Consequent to the rollout of GST w.e.f. 01.07.2017, references are being received from State Governments for nomination of IRS (C&CE) officers as Member and Appellate Authority in Authority for Advance Ruling to be constituted in the States.

Wage limit under Payment of Wages Act increased to Rs 24000 P.M.

August 28, 2017 8007 Views 0 comment Print

In exercise of the powers conferred by sub-section (6) of section 1 of the Payment of Wages Act, 1936 ( 4 of 1936), the Central Government, on the basis of figures of the Consumer Expenditure Survey published by the National Sample Survey Organization, hereby specifies rupees twenty four thousand per month as the wages under said sub-section (6).

Electronic Sealing for Containers by exporters under self-sealing procedure-Reg.

August 28, 2017 9429 Views 0 comment Print

In continuation of the Board circular 26/2017-Customs dated 1.7.2017 regarding self-sealing of containers by exporters using electronic seals, the Board has approved the following procedure which shall be adhered to by exporters opting for self-sealing.

Consolidated FDI Policy Circular of 2017- Effective from August 28, 2017

August 28, 2017 4068 Views 1 comment Print

Consolidated FDI Policy Circular of 2017 Effective from August 28, 2017- It is the intent and objective of the Government of India to attract and promote foreign direct investment in order to supplement domestic capital, technology and skills, for accelerated economic growth. Foreign Direct Investment, as distinguished from portfolio investment, has the connotation of establishing a ‘lasting interest’ in an enterprise that is resident in an economy other than that of the investor.

Extension of time period for filing of details in FORM GSTR-6

August 28, 2017 2646 Views 0 comment Print

G.S.R. …..(E).—In exercise of the powers conferred by sub-section (6) of section 39 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), the Commissioner, hereby extends the time limit for furnishing the return by an Input Service Distributor under sub-section (4) of section 39

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