"14 August 2018" Archive

Condonation of delay in submission of installation certificate to RAs under EPCG Scheme

Public Notice No. 30/2015-20-DGFT (14/08/2018)

One time relaxation and condonation of delay in submission of installation certificate to RAs under EPCG Scheme for authorizations issued upto 31.03.2015, without payment of any penalty....

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Computation of deduction u/s 10A of Income Tax Act, 1961

Circular No. 4/2018 (14/08/2018)

As per section 10A(4) of Income Tax Act, 1961, profits derived from export of articles or things or computer software shall be amount which bears to the profits of the business of the undertaking , the same proportion as the export turnover in respect of such articles or things or computer software bears to the total turnover of the busin...

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Customs (Finalisation of Provisional Assessment) Regulations, 2018

Notification No. 73/2018-Customs (N.T.) (14/08/2018)

CBIC notifies vide Notification No. 73/2018-Customs (N.T.) dated 14th August, 2018 Customs (Finalisation of Provisional Assessment) Regulations, 2018...

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Exchange Rates Notification No. 72/2018-Custom(N.T.) Dated 14.08.2018

Notification No. 72/2018-Customs (N.T.) (14/08/2018)

Customs Rate of Exchange of Foreign Currency Conversion wef 15.08.2018 notified vide Notification No. 72/2018 – Customs (N.T.) dated 14th August, 2018...

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Tariff Notification No. 71/2018-Customs (N.T.) dated 14th August, 2018

Notification No. 71/2018-Customs (N.T.) (14/08/2018)

Tariff Notification No. 71/2018-CUSTOMS (N.T.) dated 14th August, 2018 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg...

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Allow Form TRAN-1 upload & ITC credit available during migration: HC

Naga Distributors vs Union of India (Kerala High Court)

If the petitioner applies within two weeks after receiving this judgment, the Nodal Officer will consider and take steps within a week thereafter. If the uploading of FORM GST TRAN-1 is not possible for reasons not attributable to the petitioner, the authority will also enable him to take credit of the input tax available at the time of m...

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Clarification regarding bank guarantee requirement for bond executed by EOUs

Circular No. 27/2018-Customs (14/08/2018)

Various representations have been received regarding difficulties faced by EOUs with respect to requirements of bank guarantees in view of Circular no. 48/2017-Customs dated 08.12.2017 issued by CBIC. The matter has been examined....

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Condonation of Delay Scheme, 2018- Decoded

Looking at the humongous number of affected people, combined with the pressure from the Industry, the MCA opened a window for redressal in the form of CONDONATION OF DELAY SCHEME, 2018(CODS)....

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Posted Under: DGFT |

Section 29A of Insolvency and Bankcruptcy 2016: Harsh on Promoters?

Section 29A of Insolvency and Bankruptcy Code, 2016 is a restrictive provision which impedes any person falling in the negative list from submission of a resolution plan....

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Posted Under: DGFT |

Benefit of Exemption Notification- Reference Answered by Supreme Court

What is the interpretative rule to be applied while interpreting a tax exemption reportable provision/notification when there is an ambiguity as to its applicability with reference to the entitlement of the assessee or the rate of tax to be applied?...

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Posted Under: DGFT | ,