The Board had convened a conference of Commissioners of Customs and Post Master Generals for deliberating on ways and means for improving trade facilitation through FPOs on 11th May 2018. Amongst the various issues of common interest discussed were:
Whether transportation charges received by the applicant are liable to GST, especially when the applicant is not a goods transport agency (GTA)
OFFICE ORDER NO. 86 OF 2018 The following Transfer / Posting in the grade of Assistant / Deputy Commissioner of Income Tax (Local Change) are, hereby, ordered with immediate effect and until further orders: –
Keeping in view the difficulties faced by the exporters/importers in obtaining digital signatures for making miscellaneous payment digitally/online, the requirement of DSC for exporters/importers to make digital/online payment through e-MPS has been done away with.
Draft Seniority list of Assistant Commissioners of Customs and Central Excise, Group ‘A’ for the vacancy years 1997-98 to 2001-02 has been prepared and the same is enclosed.
Comments are invited for Draft Provisional Assessment regulations, 2018 on uscus4.dor@gov.in up to 15.6.2018. These regulations may be called the Customs (Finalisation of Provisional Assessment) Regulations, 2018.
Presentation on Standard on Cost Auditing Knowledge of Business, its processes and the Business Envirnment (SCA 104)- An auditor needs to understand the clients business before audit of cost statements. [Current Business scenario, Nature of Business, Product Portfolio, Raw Material Prices Global impact etc., whether it is part of any regulatory scam]
Presentation on Standard on Cost Auditing- Overall Objectives of the Independent Cost Auditor and the Conduct of an Audit in Accordance with Cost Auditing Standards (SCA 103)
Presentation on Standard on Cost Auditing Cost Audit Documentation (SCA 102)- Documentation is necessary to have proper evidence that the audit was planned and performed in accordance with SCAs and applicable legal & regulatory requirements. Cost auditor should document all matters, important in providing evidence to support the opinion given in the cost audit report. Documentation means the working papers prepared by and for, or obtained and retained by the cost auditor in connection with cost audit on paper, film, electronic or other media.
Presentation on Standard on Cost Auditing Planning an Audit of Cost Statements (SCA 101)- Planning an audit of cost statements and records is considered necessary to ensure achievement of audit objectives with available resources and securing coordination with the auditee.
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