The matter has been examined. The request of the Gem & Jewellery sector is to allow revolving use of the Bank Guarantee. After considering the representations from the trade & industry, it has been decided that the Bank Guarantee furnished by the importer can
Declaration of Intent for claiming benefit under Chapter 3 of Foreign Trade Policy (FTP) was made mandatory for all categories of shipping bills through Public Notice No. 82 dated 16.8.2010. This stipulation was to take effect from 01.01.2011.
ITC HS Codes of the certain items were re-notified vide DGFT Notification No.94 (RE-2008)/2004-2009 dated 02.03.2009. The corresponding entries in Appendix 37A and Appendix 37D were accordingly not modified.
Central Government hereby amends with immediate effect Foreign Trade Policy, 2009-2014 (RE 2012) and introduces a new para 4A.16A for setting up of Private/Public Bonded Warehouses for Gems and Jewellery sector.
The credit given for TDS in an order passed under Section 155(14) read with Section 154 cannot be construed as a relief given in the original assessment order. Section 155 of the Act provides for various situations under which an order can be amended because of developments taking place subsequent to the date on which the order was originally passed.
Notification No. 9/2013 – Income Tax In exercise of the powers conferred by clause (22AAA) of section 2 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following scheme for approval of electoral trusts, namely:-
In the recent past, instances of some officers of the Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC) being subjected to searches investigations by Anti-Corruption Branch of the Central Bureau of Investigation (CBI) have been reported.
BIG FOUR tax partners are to appear before the Public Accounts Committee as it continues its investigations into tax avoidance. Witnesses from PwC, Deloitte, KPMG and Ernst & Young will appear on 31 January and will include KPMG’s UK head of tax Jane McCormack, Deloitte’s head of tax policy Bill Dodwell, PwC’s head of tax […]
The New Service Laws as amended by Finance Act, 2012 has made some radical changes in the entire structure of service tax laws.One of such area is introduction of Reverse Charge Mechanism (RCM) on some of the services, in which liability has been casted on service receiver to pay service tax even though it has nothing to do with service tax laws.
In continuation of MCA’s General Circular Nos. 8/2012, dated 10-5-2012 [as amended on June 29, 2012], 18/2012, dated 26-7-2012 and 43/2012, dated 26-12-2012, it has been decided that all cost auditors and the companies concerned are allowed to file their Cost Audit Reports and Compliance Reports for the year 2011-12
