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Archive: 18 October 2017

Posts in 18 October 2017

Companies (Registered Valuers and Valuation) Rules, 2017

October 18, 2017 51816 Views 1 comment Print

1. Short title and commencement.— (1) These rules may be called the Companies (Registered Valuers and Valuation) Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette.

Amendment in policy for import / Export from North Korea

October 18, 2017 1224 Views 0 comment Print

Amendment in Para 2.17 of the foreign trade policy 2015-2020 on imports and exports to Democratic People`s Republic of Korea (DPRK) in terms of UNSC resolutions concerning DPRK

Issue / Renewal of Nominated Agency Certificate for Four / Five Star Export House status holders

October 18, 2017 2076 Views 0 comment Print

Henceforth no Nominated Agency Certificate shall be issued/ renewed for Four Star Export House and Five Star Export House status holders. Import of gold by Four Star and Five Star Houses with existing Nominated Agency Certificate is subjected to Actual user condition and are permitted to import gold as input only for the purpose of manufacture and export by themselves during the remaining validity period of the Nominated Agency certificate.

FTP: Clubbing of Advance Authorisations, extension of Export Obligation period

October 18, 2017 11136 Views 0 comment Print

Amendments are made in Chapter-4 of Hand Book of Procedures 2015-2020, related to clubbing of Advance Authorisations, extension of Export Obligation period and regularisation of bonafide default in the cases where an Authorisation was issued for import of drugs from unregistered sources with pre import condition.

Power of Regional Authorities of DGFT to issue/renew Nominated Agency Certificates removed

October 18, 2017 390 Views 0 comment Print

Public Notice No. 31/2015-2020 Power of Regional Authorities of DGFT to issue/renew Nominated Agency Certificates has been removed.

Reg. Import of Flat-rolled products of stainless steel under Advance Authorisation

October 18, 2017 1131 Views 0 comment Print

Import of Flat-rolled products of stainless steel covered under ITC(HS) Codes: 7219 or 7220 under Advance Authorisation is subjected to pre-import condition with 6 months Export Obligation Period from the date of clearance of each import consignment by Customs Authority.

Benefit of concessional tax rate on depreciable Assets cannot be denied if held for more than 3 Years

October 18, 2017 2034 Views 0 comment Print

This is an appeal filed by the revenue against the order of learned Commissioner (A)-9, Kolkata dated 24-11-2015 for assessment year 2006-07.

GSTR-1: How to create & Submit Outward Supplies Return

October 18, 2017 8580 Views 0 comment Print

To create, submit and file details for the inward supplies in the GSTR-1, perform the following steps: 1. Login and Navigate to GSTR-1 page

UTGST rate reduced on Food preparations in containers for weaker sections

October 18, 2017 975 Views 0 comment Print

Notification No. 39/2017-Union Territory Tax (Rate)- Seeks to reduce GST rate on Food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme duly approved by the Central Government or any State Government. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. […]

List of audit cases for internal audit in ITBA (Audit module)- reg

October 18, 2017 1170 Views 0 comment Print

The list of audit able cases for the period 1st April to 31st August, 2017 of the current financial year has been made available in ITBA now. These cases are arranged in descending order of Audit Potential Index (API) in accordance with Board’s Instruction No. 6 of 2017 dated 21/07/2017. the CsIT. (Audit) will be able to view the list of audit able cases in the “List of Internal audit cases” screen of the Audit module.

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