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Archive: 13 July 2018

Posts in 13 July 2018

SSI service tax exemption option cannot be availed from middle of the year

July 13, 2018 1356 Views 0 comment Print

As per the exemption Notification No. 6/2005-ST dated 01.03.2005, there is a condition which is to be complied with by the service provider and as per the condition, the provider of taxable service has an option not to avail the exemption and such exemption once exercised in a financial year, shall not be withdrawn during the remaining part of the year.

CBIC rescinds notification No. 36/2012- Customs (ADD) dated 16.07.2012

July 13, 2018 789 Views 0 comment Print

CBIC rescinds notification No. 36/2012- Customs (ADD) dated the 16th, July 2012 by which it imposed definitive anti-dumping duty on the imports of ‘Grinding media Balls’ (excluding Forged Grinding Media Balls), originating in, or exported from Thailand and China PR, as it has now issued a new Notification No. 36/2018-Customs (ADD) dated 13th July, 2018 […]

Anti-dumping duty on imports of Grinding Media Balls

July 13, 2018 1356 Views 0 comment Print

Notification No. 36/2018-Customs (ADD) Seeks to impose anti-dumping duty on the imports of Grinding Media Balls (excluding Forged Grinding Media Balls) originating in or exported from China PR and Thailand.

Appointment of Authorised Representative for Classes of Creditors under IBC

July 13, 2018 7929 Views 0 comment Print

Wherever the approval of resolution plan under regulation 39 (3) of the Regulations is at least 15 days away, the resolution professional shall expeditiously obtain, by electronic means, the choice of the insolvency professional from creditors in a class to act as the authorised representative of the class and proceed further in the manner as specified in regulation 16A of the Regulations.

Amendments in Appendix 3B of MEIS

July 13, 2018 2088 Views 0 comment Print

The MEIS benefit for certain items have been enhanced for a certain period and some new items have been included in the MEIS Schedule, Appendix 3B.

MEIS benefit for ‘Bengal-Gram’ extended for exports upto 20.09.2018

July 13, 2018 732 Views 0 comment Print

The MEIS benefit for ‘Bengal-Gram’ under ITC (HS) code 07132020 available upto 20.06.2018 has been extended for exports upto 20.09.2018.

Accountability of inputs where Advance Authorisations are issued on net to net basis for parts/components- req

July 13, 2018 7269 Views 0 comment Print

Representations have been received from Trade and Industry informing the difficulties being faced by them in getting EODCs where inputs have been obtained on net to net basis subject to accountability clause in terms of SI. No-4 of General Notes for Engineering Products and SI No-6 of General Notes for All Export Products Groups.

ITAT explains law related to TDS on commission paid to non-resident agents

July 13, 2018 10407 Views 0 comment Print

This appeal by the Revenue is directed against the Order of the Ld. Commissioner of Income Tax (Appeals)-XII, New Delhi dated 28.5.2014 pertaining to assessment year 2011-12 on the following grounds

When Retirement Planning Is Not About Getting Old

July 13, 2018 1157 Views 0 comment Print

What I… retire, no way? Well, at the age of 25 years, the thought of retirement may not be the first that you will be having when you receive your first salary. At a young age, the idea of having a retirement plan that will take care of your needs at old age will be the last priority. Yet, the earlier you begin your retirement planning, the better your returns will be at an old age.

Notification No. 62/2018-Customs (N.T.) Dated 13.07.2018

July 13, 2018 1158 Views 0 comment Print

Tariff Notification No. 62/2018-CUSTOMS (N.T.) dated: 13th July, 2018 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

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