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List of services where payment has been received in Indian Rupees which can be treated as receipt in Deemed Foreign Exchange as per guidelines of Reserve Bank of India in terms of Para 3.08(c) of FTP 2015-20 has been expanded to include Ground Handling Services.
The services export rendered between 1-4-2017 to 31-03-2018 as per the Annexure, comprising rates and conditions for rewards under the Services Exports from India Scheme (SEIS) is extended upto 31.03.2018 with rates of reward as specified in the Annexure.
Amendments have been made in the rates of reward for certain Sl.Nos of Table 2 of Appendix 3B of FTP 2015-20 for exports made w.e.f 01.11.2017 to 30.06.2018 and Table 3 specifying List of Ineligible categories for Duty Credit Scrip entitlement under MEIS.
GST RELATED REFORMS- GST has been launched w.e.f. 1.07.2017. It incorporates zero rating of exports. Taxes will not be exported. On the export of finished goods, there is an option of either obtaining refund of GST paid or getting exemption from payment of GST on submission of Letter of Undertaking/Bond.
Director General of Foreign Trade hereby notifies the revised edition of Handbook of Procedures, as contained in Annexure to this Public Notice. This shall come into force with effect from 5th December, 2017.
DGFT notifies Foreign Trade Procedures 2015-20 (w.e.f. 05.12.2017) which contains the following :- CHAPTER 1 INTRODUCTION & TRADE FACILITATION 1.01 Notification of Procedure In pursuance of the provisions of paragraph 1.03 of Foreign Trade Policy (FTP), the Director General of Foreign Trade (DGFT) hereby notifies the procedure to be followed by an exporter or importer […]
Central Government hereby notifies the revised Foreign Trade Policy, 2015-2020. This Foreign Trade Policy shall come into force w.e.f. 05.12.2017.
The Foreign Trade Policy Statement explains the vision, goals and objectives underpinning the Foreign Trade Policy for the period 2015-2020, as updated through the mid-term review completed in December 2017. Keeping in the backdrop the global trade developments, it describes the market and product strategy, and the other measures required for export promotion and enhancement of the entire trade ecosystem.
DEDUCTION OF TAX AT SOURCE- INCOME-TAX DEDUCTION FROM SALARIES UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961 DURING THE FINANCIAL YEAR 2017-18 CIRCULAR NO : 29/2017 F.No. 275/192/2017-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** North Block, New Delhi Dated the 5th December, 2017 SUBJECT: INCOME-TAX DEDUCTION […]
GST Returns –Due date for filing specified returns extended- Notification Nos. 59-63/2017 –Central Tax, all dated 15-11-2017 have been issued for this purpose.
