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Archive: February, 2019

Posts in February, 2019

Customs Rate of Exchange of Foreign Currency wef 08.02.2019

February 7, 2019 3300 Views 0 comment Print

Exchange Rates Notification No. 09/2019-Custom (NT) dated 07.02.2019

Notification No. 7/2019-Customs (ADD), Dated: 07.02.2019

February 7, 2019 3192 Views 0 comment Print

Seeks to impose definitive anti-dumping duty on imports of “Non-Plasticized Industrial Grade Nitrocellulose Damped in Isopropyl Alcohol having Nitrogen content in the range of 10.7% to 12.2%” originating in or exported from Brazil, Indonesia and Thailand vide NOTIFICATION No. 7/2019-Customs (ADD) dated 7th February, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE NOTIFICATION No. 7/2019-Customs […]

ECB for Resolution Applicants under Corporate Insolvency Resolution Process

February 7, 2019 1083 Views 0 comment Print

RBI to relax the end-use restrictions for resolution applicants under the Corporate Insolvency Resolution Process (CIRP) and allow them to raise ECBs from the recognised lenders, except the branches/ overseas subsidiaries of Indian banks, for repayment of Rupee term loans of the target company under the approval route.

Notification No. 4/2019-Customs, Dated: 07.02.2019

February 7, 2019 2181 Views 0 comment Print

Seeks to further amend Notification No. 08/2016- customs dated the 5th February 2016 to allow temporary importation of aircrafts, for the purposes of participation in Aero Show organised by the Central Government, without furnishing a bank guarantee or cash deposit GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 4/2019-Customs New Delhi, the […]

Sixth Bi-monthly Monetary Policy Statement, 2018-19

February 7, 2019 1431 Views 0 comment Print

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to: Reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect.

Reasonable opportunity to rectify Tran-2 should be allowed

February 7, 2019 4563 Views 0 comment Print

Optival Health Solutions Pvt Ltd Vs UOI (Calcutta High Court) Petitioners have sought a direction upon the respondents to allow them to revise/rectify their Form GST TRAN-2 electronically or manually – Petitioners contend that the present scheme of things does not allow rectification or revision of the TRAN-2 form and such a lacuna violates Article […]

6 recent Changes on GST Portal we should know

February 7, 2019 46212 Views 0 comment Print

GSTN has made following updates to GST Portal in last week which includes-  Portal will show list of Preferred Bankst while making Payment, restriction for applying refund on quarterly basis for quarterly GSTR 1 filers is removed, Auto approval of Appeals filed by Taxpayer or Tax Department, Release of API related to Assessment and adjudication, Removal of […]

Linkage of PAN with Aadhar is mandatory from AY 2019-20 : SC

February 7, 2019 1707 Views 0 comment Print

Thereafter, this Court has decided the matter and upheld the vires of section 139AA of the Income Tax Act. In view thereof, linkage of PAN with Aadhar is mandatory.

ICSI dismisses Misconduct allegations against Ex-President CS Makarand Lele 

February 7, 2019 4023 Views 0 comment Print

Shri Vikas Yashwant Khare Vs Shri Makarand M Lele (Board of Discipline, ICSI) The Board of Discipline of the Institute of Company Secretaries of India ( ICSI ) has dismissed a complaint filed against the former President CS Makarand Lele alleging several misconduct charges. A complaint was lodged against CS Makarand Lele alleging that by […]

Furnishing of info about payment to micro & small enterprise suppliers

February 6, 2019 8448 Views 4 comments Print

Every specified company shall file a return as per MSME Form I annexed to this Order, by 31st October for the period from April to September and by 30th April for the period from October to March.

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