"07 December 2018" Archive

Manual filing & processing of AEO T1 applications up to 31.03.2019

Circular No. 51/2018- Customs (07/12/2018)

For ensuring seamless transition to the online web-application, it has been decided to concurrently continue with the manual filing and processing of AEO T1 applications up to 31.03.2019....

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Format of Disclosure of significant beneficial ownership in shareholding pattern

Circular No. SEBI/HO/CFD/CMD1/CIR/P/2018/0000000149 (07/12/2018)

Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/CMD1/CIR/P/2018/0000000149 December 7, 2018 To All Listed entities All the Recognised stock exchanges All the Depositories Dear Sir/Madam, Sub: Disclosure of significant beneficial ownership in the shareholding pattern 1. Vide SEBI Circular No. CIR/CFD/CMD/13/2015 dated November ...

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Chairman CBIC’s weekly newsletter dated 07.12.2018

D.O.No.24/CH(IC)/2018 (07/12/2018)

I am sure these Probationers will diligently shoulder their responsibilities as IRS officers at a time when Indian Customs has made a distinct mark in trade facilitation and ease of doing business and when GST implementation is in the...

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Cyber Security and Resilience framework of Stock Exchanges, Clearing Corporations & Depositories

Circular No. CIR/MRD/CSC/148/2018 (07/12/2018)

Recognizing the need for a robust Cyber Security and Cyber Resilience framework at Market Infrastructure Institutions (MIIs), i.e., Stock Exchanges, Clearing Corporations and Depositories, vide SEBI Circular CIR/MRD/DP/13/2015 dated July 06, 2015, a detailed regulatory framework on cyber security and cyber resilience was prescribed....

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Notification No. 97/2018- Customs (N.T.) Dated 07th December, 2018

Notification No. 97/2018- Customs (N.T.) (07/12/2018)

Amendment to Notification no. 62/94-Customs (N.T.) dated 21.11.1994 notifying Port Meadow u/s 7(a) of Customs Act, 1962 for unloading of imported goods and loading of export goods or any class of goods. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 97/2018- Customs (N.T.) New Delhi, the 07th December, 2...

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HC on Goods detained for not uploading Part-B of E-Way Bill

M/S. Panel Source LLP Vs The Assistant State Tax Officer (Kerala High Court)

Kerala High Court held that the goods seized for want of Part-B of E-Way Bill can be released on furnishing bank guarantee and a simple bond without sureties....

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Do’s and Dont’s for ICAI Election candidates

As members are aware, the triennial elections to the twenty fourth Council and twenty third Regional Councils are scheduled to be held on 7th and 8th December, 2018 in cities having more than 2500 voters and on 8th December, 2018 in other cities....

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Posted Under: Custom Duty |

Impact of GST on Free and Sample Products

In a fast growing, competitive market, one of the most effective ways to gain new customers is to give away free and sample products. Providing free or sample products is a tried and tested marketing method used by various companies in India and in this article, we review the applicability of GST on free and […]...

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Posted Under: Custom Duty |

Legal Entity Identifier (LEI) – A MANDATE IN THE FUTURE

Legal Entity Identifier (LEI) Introduction 1. A Legal Entity Identifier (or LEI) is a 20-character identifier that identifies distinct legal entities that engage in financial transactions. 2. It is defined by ISO 17442. 3. The LEI is a global standard, designed to be non-proprietary data that is freely accessible to all. As of October 201...

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Posted Under: Custom Duty |

GST, TDS and GSTR-7

Connection between GST and TDS   We all are familiar with the concept of TDS in respect to Direct Tax, now with GST in force there is a provision for deduction of tax in Indirect Tax too. Let us know more about the combination of TDS and Indirect Tax (GST). The government has notified 1st of […]...

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Posted Under: Custom Duty |