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Archive: March, 2019

Posts in March, 2019

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

March 20, 2019 1005 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 3684 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 3087 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 3177 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 6675 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 1038 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 36192 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 7257 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 […]

Recommendations of 34th Council meeting held on 19th March 2019

March 20, 2019 4593 Views 0 comment Print

GST Council’s 34th Meeting was held on 19th March 2019 at New Delhi. Therein, it discussed the operational details for implementation of the recommendations made by the council in its 33rd meeting for lower effective GST rate of 1% in case of affordable houses and 5% on construction of houses other than affordable house. The […]

Invest To Decrease Your Tax Burden Before 31st March 2019

March 20, 2019 3225 Views 2 comments Print

As the Financial Year 2018-19 is about to end. With the end of the accounting year/ financial year 31st March is the last date for various compliances, actions and decisions to be taken. One such decision is tax planning and decisions regarding Investment in various taxes saving schemes which results into deduction in Income tax […]

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