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Archive: 20 March 2019

Posts in 20 March 2019

Some thoughts on Fiscal Federalism

March 20, 2019 474 Views 0 comment Print

Reserve Bank of India Date : Mar 19, 2019 Some thoughts on Fiscal Federalism (Shri Shaktikanta Das, Governor, Reserve Bank of India – March 19, 2019 – Delivered at the launch of the book ‘Indian Fiscal Federalism’, Mumbai) I am honoured to be invited for the launch of the book “Indian Fiscal Federalism” authored by Dr. […]

Compilation of R-Returns: Reporting under FETERS

March 20, 2019 6177 Views 0 comment Print

In order to facilitate compilation of estimates of bilateral trade in services, it has been decided to incorporate an additional field for capturing the country code of ultimate exporter/importer in the BoP file-format under FETERS. In case of export of services, bank may use the transaction information available with them to report country-code of the ultimate exporting country, whereas Form-A2 is being revised here for capturing the required country information for import of services.

SOP consequent to automation for export & import through NSICT/NSIGT, GTI & JNPCT

March 20, 2019 708 Views 0 comment Print

Office of the Commissioner of Customs NS II, Mumbai Zone-II Jawaharlal Nehru Custom House, Nhava Sheva, Tal: Uran, Dist: Raigad, Maharashtra- 400707 F.No.S/12-Gen-60/2018-19/ AM (X) JNCH Dated: 20.03.2019 Public Notice No. 28/2019-JNCH (Amendment to Public Notice No. 13/2019) Subject: Standard operating procedure consequent to commencement of “document Processing Area” in the parking plaza and gate […]

Customs Rate of Exchange of Foreign Currency wef 21.03.2019

March 20, 2019 3102 Views 0 comment Print

Customs Rate of Exchange of Foreign Currency Conversion wef 21.03.2019 notified vide Notification No. 24/2019 – Customs (N.T.) dated 20th March, 2019.

Export and Import of Indian Currency

March 20, 2019 2688 Views 0 comment Print

Attention of Authorised Persons is invited to Regulation 8 of Foreign Exchange Management (Export and import of currency) Regulations, 2015, in terms of which a person may take or send out of India to Nepal or Bhutan and bring into India from Nepal or Bhutan, currency notes of Government of India and Reserve Bank of India for any amount in denominations up to ₹100/-.

Exemption from provisions of section 14(3) of FCRA, 2010

March 20, 2019 2481 Views 1 comment Print

In view of repeated representations made by many such associations, it has been decided to give a one-time exemption in public interest to such associations from the restrictive condition of section 14(3) to enable them to apply for registration within three months from the issuance of this notice. Government has further decided that for uploading missing ARs on the FCRA Portal, no penalty shall be imposed.

Last Opportunity to get Eleven Benefits of Filing Income Tax Return for Ay 2018-19

March 20, 2019 6282 Views 0 comment Print

Dont miss out on the final opportunity to get eleven benefits of filing income tax return for AY 2018-19. Find out more here.

IBBI rejects Registration as IP for Pendency of criminal proceedings

March 20, 2019 555 Views 0 comment Print

As per regulation 4(g) of the Regulations, no individual shall be eligible to be registered as an IP if he is not a fit and proper person. Among others, integrity, reputation and character are considered to determine if an individual is a fit and proper person. I have perused the provisions of section 498A of […]

Advance Authorization Scheme

March 20, 2019 34404 Views 6 comments Print

Advance authorization is an order issued to endorse the import of duty-free inputs which are physically integrated into the export product. Its provisions extend to fuel, oil, energy, and catalysts which are consumed or utilized to obtain export products. This article looks at the regulations connected with Advance Authorization Scheme. What is DUTY EXEMPTION & […]

Summary of 34th Council Meet on GST Rate on Real Estate Sector

March 20, 2019 6750 Views 6 comments Print

Summary of outcome of 34th Council Meet on GST Rate on Real Estate Sector The much awaited meet of the GST Council to decide on modalities for GST applicability on Real Estate Sector was held on 19th March, 2019 at New Delhi. This was 34th time the GST Council met. The Council in today’s meeting […]

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