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SAIL readies for new tax regime under GST

June 29, 2017 957 Views 0 comment Print

Steel Authority of India Ltd. (SAIL) is readying itself for a smooth transition into the new tax regime, which will come into effect with the introduction of GST from July 01, 2017. The Company, besides appointment of reputed Consultant for overseeing the transition, has also formed special teams for coordination with its pan India based plants, units, marketing offices and other units for migrating to GST regime.

Anti-dumping duty on imports of ‘Pentaerythritol’ from China

June 29, 2017 2229 Views 1 comment Print

Seeks to impose ADD on the imports of Pentaerythritol originating in or exported from China PR for a period of five years vide Notification No. 32 /2017-Customs (ADD)

Process for Grievance Redressal Committee for rejected Coop Empanelment applications

June 29, 2017 1224 Views 0 comment Print

Kindly follow the following process if your Coop Empanelment Application is rejected either at DDR or at Commissioner office level or both. The Application should be on simple paper addressed to Divisional Joint Registrar where your District falls .The web link for the address and contact details of DDR and Div. Joint Registrar is as under:

Amendment in Custom Notification related to AIRs of duty drawback

June 29, 2017 6276 Views 1 comment Print

An export product accompanied with tax invoice and forming part of project export (including turnkey export or supplies) for which no figure is shown in columns (5) and (7) in the said Schedule, shall be so declared by the exporter and the maximum amount of drawback that can be availed under the said Schedule shall not exceed amount calculated by applying ad-valorem rate of drawback shown in column (4) or column (6) to one and half times the tax invoice value.

Customs, Central Excise Duties and Service Tax Drawback (Amendment) Rules, 2017

June 29, 2017 8247 Views 0 comment Print

Cases where amount or rate of drawback has not been determined.- (1)(a) Where no amount or rate of drawback has been determined in respect of any goods, any exporter of such goods may, within three months from the date relevant for the applicability of the amount or rate of drawback in terms of sub-rule (3) of rule 5, apply to the Principal Commissioner of Customs or Commissioner of Customs, as the case may be, having

Re-export of Imported Goods (Drawback of Customs Duties) Amendment Rules, 2017

June 29, 2017 13059 Views 0 comment Print

Drawback in relation to any goods exported out of India, means the refund of duty or tax or cess as referred to in the Customs Tariff Act, 1975 (51 of 1975) and paid on importation of such goods in terms of section 74 of the Customs Act.

Limits on balances in customer accounts with payments banks – sweep out arrangements with other banks

June 29, 2017 942 Views 0 comment Print

PBs are permitted to act as Business Correspondents (BCs) of other banks. Under the BC arrangement and with prior specific or general consent of the customer, PB may effect the transfer of funds deposited by her into her account with another eligible bank, so that the balance in her account with the PB does not exceed ₹100,000 or any such lower amount as specified by her.

Specified Bank Notes can be deposited by DCCBs till 19th July 2017

June 29, 2017 960 Views 0 comment Print

Please refer to the Specified Bank Notes (Deposit by Banks, Post Offices and District Central Co-operative Banks) Rules, 2017 (copy enclosed) notified by the Government of India on June 20, 2017. In terms of para 2 thereof, it has been decided to accept from DCCBs Specified Bank Notes (SBNs), received by them from their customers within the period of November 10 to 14, 2016

Tax Rate on Goods under Tamil Nadu GST Act, 2017

June 29, 2017 3810 Views 0 comment Print

Goods and Services Tax-Tamil Nadu Goods and Services Tax Act, 2017-Rates of the State tax on goods-Notification-issued

Rate of Tax on Goods under Puducherry GST Act, 2017

June 29, 2017 10770 Views 1 comment Print

In exercise of the powers conferred by sub-section (1) of section 9 of the Puducherry Goods and Services Tax Act, 2017 (Act No.6 of 2017), the Lieutenant-Governor, Puducherry, on the recommendations of the Council, hereby notifies the rate of the state tax

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