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Archive: 22 October 2019

Posts in 22 October 2019

Entry Tax on Unmanufactured Tobacco in ‘Sealed Container’ is Justified: HC

October 22, 2019 1383 Views 0 comment Print

HC held that The Notification impugned dated 1.10.2013 issued by the Government of Karnataka insofar it relates to the amendment made to the Notification dated 30.3.2002 for insertion of sub-item [ii] in Serial No.[5], specifying unmanufactured tobacco in ‘sealed container’ for levy of Entry Tax at 5% with effect from 02.10.2013 cannot be held to be unjustifiable and is accordingly upheld.

Introduction of online module for facilitation of MSMEs – reg

October 22, 2019 2295 Views 0 comment Print

As a trade facilitation measure, Mumbai Customs Zone-II has introduced a facility for Micro, Small and Medium Enterprises (MSME) wherein MSMEs can opt for registering themselves under ‘MSME Seva Module’ on the DPD JNCH website i.e. (www.dpdjnch.com).

Framework for listing of Commercial Paper and disclosures

October 22, 2019 6030 Views 0 comment Print

The issuers of Commercial Papers (CPs) have shown interest to list CPs for trading on Stock Exchange(s) with a view to broadening investor participation in CPs. Accordingly, to enable listing of CPs and to ensure investor protection, it is important that issuers make appropriate disclosures at the time of listing and on a continuous basis.

Mis-declaration of imported goods under ‘Others’ category of ITC (HS) 2017

October 22, 2019 2430 Views 0 comment Print

Members of the trade and industry are hereby advised to be careful while mentioning HS Codes in the Bill of Entry, in case of imports and Shipping Bills in case of exports, and indicate the specific HS codes of items at 8 digit where they exist, instead of using the ‘Others’ category in a loose and inaccurate manner Any wilful mis-declaration of HS Codes will be duly dealt with under Foreign Trade (Development & Regulation) Act, 1992.

Provisions in Brief Relating to Directors Identification Number

October 22, 2019 2664 Views 0 comment Print

Q.1 What is DIN ? Ans: A Unique identification number allotted to an existing director or a person intending to become a director of a Company. Q.2 How DIN is Obtained ? Ans: 1. Any person intending to become a director in an existing company shall have to make an application in Form DIR-3. 2. […]

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