This write up is to update you on the recent developments on applicability of Excise on Gems and Jewellery Industry. On the basis of Circular No.1040/28/2016-CX to No.1045/33/2016-CX; and Notification No.’s 26/2016-Central Excise to 29/2016-Central Excise; No.’s 33/2016-Central Excise (N.T.) to 40/2016-Central Excise (N.T.) dated 26 July,2016 issued by Central Board of Excise and Customs,
Timing is everything. Is it true in every case? In the financial world, you hear a lot of solicited and unsolicited advice about the right time and timing, with respect to investments. Which is the right strategy with regard to investment? Is it ‘doing it at the right time’ or ‘the best timing to do it’?
The arrears as accruing on account of revised pay consequent upon fixation of pay under CCS (RP) Rules, 2016 with effect from 01.01.2016 shall be paid in cash in one installment along with the payment of salary for the month of August, 2016, after making necessary adjustment on account of GPF and NPS, as applicable
The Ministry have revised form AOC-4 which would be deployed shortly, Further, Form AOC.-4 (XBRL) and Form AOC-4 (CFS) are also under revision and this may be available for deployment by end of August, 2016.
Para 3.05 of the Foreign Trade Policy (FTP) 2015-20 provides for export of goods through select foreign post offices as a part of e-Commerce exports. Exports of goods through foreign post office using e-commerce shall be permitted through the Foreign Post Offices at Delhi, Mumbai & Chennai
Lok Sabha passed a comprehensive Benami Transactions Prohibition Amendment Bill 2016, with Finance Minister Arun Jaitley assuring that genuine religious trusts will be kept out of the purview of the legislation.
It has had brought to notice that Aadhaar card is being made mandatory for availing government benefits like subsidized LPG, PDS supplies and pensions. Government had taken note of the concerns raised, stated that no one will be denied of benefits for want of Aadhaar and that necessary instructions will be issued, if required.
G.S.R.747(E).-In exercise of the powers conferred by sub-section (1) read with clause (k) and clause (m) of sub-section (2) of section 59 read with section 44 of the Lokpal and Lokayuktas Act, 2013 (1 of 2014), the Central Government hereby makes the following rules further to amend the Public Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the Limits for Exemption of Assets in Filing Returns) Rules, 2014
Electronic Verification Code (EVC) can be generated through State Bank of India, AXIS bank and Canara bank ATMs. This will facilitate these bank’s customers, who may not have a Net-Banking account, to e-verify their return. Other banks are expected to launch this facility.
The unit shall be required to have a premises for secure storage of goods procured duty free under this notification and the final products manufactured or produced therefrom and the details of the premises shall be declared to the said officer.
