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Archive: 23 February 2018

Posts in 23 February 2018

IBBI: Designated website for publishing Forms under Regulations

February 23, 2018 6540 Views 0 comment Print

The Insolvency and Bankruptcy Board of India (Board) has specified Forms for publishing Public Announcements and Brief Particulars of Invitations of Resolution Plans on the website, if any, designated by the Board for the purpose under the Insolvency and Bankruptcy Code, 2016 (Code)

ICAI issued Show Cause Notices to Auditors of PNB & Gitanjali Gems

February 23, 2018 16005 Views 5 comments Print

The Disciplinary Directorate of ICAI has issued Show Cause Notices to all Central Statutory Auditors of PNB. Similarly, Central Statutory Auditors who have done quarterly review of PNB have also been issued Show Cause Notice. Auditor of Gitanjali Gems Ltd., has also been issued the Show Cause Notice in the matter.

E-way Bill – paraphernalia to curb revenue

February 23, 2018 1875 Views 1 comment Print

E-way bill had been introduced in VAT regime at the different time in different states with different nomenclature. The intention behind introducing the e-way bill was to check movement of goods. Similarly, e-way bill will be introduced from 1st of February mandatorily across the country for interstate movement of goods.

CBEC notifies BCD Rate on various goods for cellular mobile phone

February 23, 2018 1125 Views 0 comment Print

Seeks to further amend notification No. 50/2017-Customs so as to prescribe effective rate of BCD on All goods [other than screw (7318 15 00) and SIM socket / Other Mechanical items (Metal) (7326 90 99) for cellular mobile phone]

Notification No. 18/2018-Central Excise Dated: 23rd February, 2018

February 23, 2018 4137 Views 0 comment Print

Seeks to clarify the applicability of the notification No. 2/2018-Central Excise dated 02nd February, 2018, that the said notification shall not apply to the goods manufactured on or before the 1st February, 2018 and cleared on or after the 2nd February, 2018.

Notification No. 17/2018-Central Excise Dated: 23rd February, 2018

February 23, 2018 954 Views 0 comment Print

Seeks to clarify the applicability of the notification No. 1/2018-Central Excise dated 02nd February, 2018, that the said notification shall not apply to the goods manufactured on or before the 1st February, 2018 and cleared on or after the 2nd February, 2018

Reg. Anti dumping duty on import of Toluene Di-Isocyanate

February 23, 2018 585 Views 0 comment Print

No Anti dumping duty on import of on imports of Toluene Di-Isocyanate (TDI) originating in or exported from China PR, Japan and Korea RP for the period commencing from the date of the lapse of the provisional anti-dumping duty, that is, the 5th December, 2017 to 22nd January, 2018.

Conduct of Assessment Proceedings in scrutiny cases electronically-reg.

February 23, 2018 2007 Views 0 comment Print

As per the above instructions the list of the income tax buildings which have limited bandwidth are given in Annexure- A { List of 156 income tax buildings on VSAT} and Annexure –B { List of 212 other income tax buildings which are in the process of up gradation and expected to be completed by 31-03-2018).

Ombudsman Scheme for Non-Banking Financial Companies, 2018

February 23, 2018 789 Views 0 comment Print

The Non-banking Financial Company – Infrastructure Finance Company (NBFC-IFC), Core Investment Company (CIC), Infrastructure Debt Fund – Non-banking Financial Company (IDF-NBFC) and an NBFC under liquidation, are excluded from the ambit of the Scheme.

Ombudsman Scheme for NBFCs, 2018 – Appointment of Officers

February 23, 2018 1707 Views 0 comment Print

The Reserve Bank of India (RBI) has brought into operation today the Ombudsman Scheme for Non-Banking Financial Companies, 2018 (The Scheme). The Scheme is available on the RBI website http://www.rbi.org.in.

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