In light of the above, it has been decided that all private persons visiting Customs House carrying cash In excess of Rs. 5000 (Rupees Five thousands only) including staffs of Customs Brokers, have to declare the same before the Superintendent of Customs (Prey.) SCH and Custom House Security. Any deviation from this stipulation may result in confiscation of excess undeclared cash and initiation of action against the person concerned, including referring the matter to appropriate authority.
Discounting charges are outside the purview of interest expenses, therefore, in our considered view, the question of making any disallowance on account of non-deduction of TDS on such discounting charges does not arise.
TCG Lifesciences Pvt. Ltd. Vs ITO (ITAT Kolkata) In the present case, the requisite details as specified in Clause (B) of sub-rule 2 of rule 3 of Income Tax Rules 1962 were not maintained by the assessee and this being the undisputed position, we find ourselves in agreement with the authorities below that the value […]
In re Visvesvaraya National Institute Of Technology (GST AAR Maharashtra) We find that in the present application as per submissions made before us, the applicant is recipient of service and not service providers and also that these services are not under reverse charge mechanism. The notification as referred by them, is applicable to provider of […]
RBI released Draft Directions on requirement of Legal Entity Identifier Code for participation in non-derivative markets. Comments on the draft directions are invited from banks, market participants and other interested parties by June 30, 2018.
The Ministry of Corporate Affairs (MCA), Government of India, invites comments and views from stakeholders on introductory note and draft on Cross-Border Insolvency. The MCA is keen to introduce a globally accepted and well-recognised cross-border insolvency framework, fine-tuned to suit the needs of aspirational Indian economy. The Government has taken initiative for Cross-Border Insolvency within […]
No. 01/53/162/Misc./AM-19/D-7/IC Government of India Ministry of Commerce & Industry Directorate General of Foreign Trade Udyog Bhawan, New Delhi Dated: 20th June, 2018 TRADE NOTICE (NO. 18/2018) To (i) RAs of DGFT (ii) Members of Trade Sub: Submission of application seeking authorization for import / export of restricted items through e-mail – reg. It has […]
The office address of DGFT and its Regional Authorities and their Jurisdiction have been updated and private SEZs from SI.No.47 to 53 have been added to Appendix 1A of Foreign Trade Policy, 2015-20.
Paragraph 4.29 (vi) and Para 4.29(vii) of Foreign Trade Policy 2015-20 is replaced enabling exporters to file single DFIA application for exports made from any EDI port and separate applications for export made from each non-EDI port.
When such extraction of toddy is carried on from the trees belonging to the members of the Society, it is definitely an agricultural produce grown by its members. Vending of such produce grown by its members even under a regulatory regime would be marketing of an agricultural produce.
