The Reserve Bank of India has proposed certain changes in respect of the time frame for issue of shares to align the provisions of Foreign Exchange Management Act, 1999 which requires an investee company receiving Foreign Direct Investments to issue shares within 180 days of receipt of foreign investment with the provisions of the Companies Act, 2013 and in respect of filing of report with the Reserve Bank regarding receipt of foreign investment and issue of shares and to further streamline the compliance process, as below:
Trade circular No. 5T of 2016 It may be recalled that Trade Circular 22T 2010 dated 05/10/2010 have been issued in order to hasten the process of grant of refunds under VAT. However, this office has received’ representations about delay in receiving refunds. Therefore, to redress this grievance, following guidelines are being issued so that refunds can be granted to the certain class of dealers within stipulated time limit.
S.O. 373(E).- In exercise of the powers conferred by sub-section (1) of Section 17 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in supersession of the notification published vide number S.O.44(E), dated 8th January, 2008, the Central Government hereby appoints the Special Directors (Appeals) specified in column (2) of the Table below to hear appeals against
Notification No. 8/2016 Customs (1) the importer shall submit a declaration to the effect that the goods imported are intended for display or use at an event specified in Schedule II in the format specified in Schedule III annexed hereto, to the Deputy Commissioner of Customs or the Assistant Commissioner of Customs, as the case may be, at the time of filing the Bill of Entry:
Notification No. 19/2016 – Customs (N.T.) In pursuance of clause (a) of sub-section (6) of section 8B of the Customs Tariff Act, 1975 (51 of 1975) and in supersession of notification of the Government of India in the Ministry of Finance, Department of Revenue, No. 103/98 Cus, dated the 14th December, 1998, published in the Gazette of India, Extraordinary vide number G.S.R. 737(E), dated the 14th December, 1998,
As you are aware, the Centralised Public Grievance Redress And Monitoring System (CPGRAMS) is a citizen-centric initiative for online receipts and redressal of public grievances. It is one of the key result areas being constantly monitored by the Government at the highest level. Currently around 1600 public grievances are being registered every month in the centralized grievance cell at CBDT.
Notification No. 38/2015-2020 a) Imports under Advance Authorisation Scheme are exempted from Minimum import Price (MIP) under this Notification; b) MIP is also exempted for all API grade steel conforming to X-52 and higher API grades !Or manufacturing pipes used for pipeline transportation systems in the petroleum and natural gas industries: and
Trade Circular No. 4T of 2016 The above referred Trade Circular No 7Tof 2015 dated 19/05/2015 was issued describing the procedure of online application for registration. In the said Trade Circular, Annexure ‘A’, the list of documents required to be uploaded along with the registration application is also provided.
The Income Tax Department has been at the forefront of using technology in implementing its – e-Governance initiatives. Most of its routine communication to taxpayers is through email and SMS. Therefore, the Department is very sensitive and alert to attempts made by fraudsters to spoof the Department’s identity to send phishing emails.
The Reserve Bank of India has proposed certain changes in respect of the time frame for issue of shares to align the provisions of Foreign Exchange Management Act, 1999 which requires an investee company receiving Foreign Direct Investments to issue shares within 180 days of receipt of foreign investment
