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Archive: April, 2018

Posts in April, 2018

AAR Ruling on classification of ‘Sulekh Sarita’ books for GST

April 6, 2018 3147 Views 0 comment Print

The main problem faced by the children in Hindi subject is the error of MATRAS. This book teaches MATRAS with the concept of with comparison of words and picture presentation. The concept helps the child to learn Hindi MATRAS in the easy way, thus making the Hindi subject easier for the child.

GST on Dried Tobacco Leaves sold after cleaning & removal of unwanted particles

April 6, 2018 8019 Views 0 comment Print

The applicant is interested in trading of Dried Tobacco Leaves which would be purchased from registered dealer who in return purchases such Tobacco Leaves from Agriculturist / Farmers. Such registered dealer after purchasing it from Agriculturist / Farmers will sell the same to Applicant as it is without any further change in its form.

Removal of prohibition on export of all varieties of Edible Oils

April 6, 2018 828 Views 0 comment Print

All varieties of edible oils, except mustard oil, have been made ‘free’ for export without any quantitative ceilings, pack size etc., till further orders.

Classification of Solar Panel/Module equipped with Elements -Reg.

April 6, 2018 3607 Views 0 comment Print

a) If the solar panel/module is equipped with elements and these elements supply the power to an external load i.e. a motor, an electrolyser etc., then the solar panel/module is classifiable under CTH 8501. b) However, if the solar panel/module is equipped with elements but these elements do not supply the power to an external load i.e. a motor, an electrolyser etc., then the solar panel/module is classifiable under CTH 8541. c) Solar paneUmodule without clement is classifiable under CTH 8541

Consequence of not having PAN

April 6, 2018 22572 Views 0 comment Print

PAN is not restricted to people who are above the age of 18 or citizens of India. Every individual who has a source of income and files income-tax returns or intends to enter financial transactions in India requires PAN. So a foreign national living and working in India and earning a taxable income needs to acquire PAN. Similarly, a child artist whose annual income is taxable also needs a PAN.Consequences of not having/quotting PAN is mentioned below:

Govt amends 4 Custom Tariff Notifications dated 2nd Feb 2018

April 6, 2018 1164 Views 0 comment Print

Seeks to rescind notification nos. 7/2018-Customs, 8/2018-Customs, 19/2018-Customs and 20/2018-Customs all dated 2nd February 2018 vide Notification No. 42/2018-Customs

Govt amends 4 Custom Tariff Notifications dated 2nd February 2018

April 6, 2018 1017 Views 0 comment Print

Seeks to amend notification Nos.11/2018-Customs, 12/2018-Customs, 13/2018-Customs and 21/2018-Customs, all dated 2nd February 2018 vide Notification No. 41/2018–Customs

Anti-dumping duty on imports of “Phosphorus Pentoxide”

April 6, 2018 1419 Views 0 comment Print

Seeks to impose definitive anti-dumping duty on the imports of Phosphorus Pentoxide originating in or exported from China PR vide Notification No. 19/2018-Customs (ADD)

Govt rescinds notification No. 8/2017 Customs (ADD) dated 15.03.2017

April 6, 2018 897 Views 0 comment Print

Central Government had notified the provisional assessment of all exports of the subject goods made by the M/s. Guangxi Quinzhou Capital Success Chemical Co. Ltd. (producer or exporter) till the completion of the review, vide, notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 8/2017– Customs (ADD) dated 15th March, 2017

RBI prohibits dealing in Virtual Currencies by regulated entities

April 6, 2018 1521 Views 0 comment Print

Entities regulated by the Reserve Bank shall not deal in VCs or provide services for facilitating any person or entity in dealing with or settling VCs. Such services include maintaining accounts, registering, trading, settling, clearing, giving loans against virtual tokens, accepting them as collateral, opening accounts of exchanges dealing with them and transfer / receipt of money in accounts relating to purchase/ sale of VCs.

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