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An Analysis of Properties and Sources of Divergence

March 24, 2017 816 Views 0 comment Print

A key feature of the inflationary process during 2015-16 was the large divergence in the Consumer Price Index (CPI) and Wholesale Price Index (WPI) inflation.

Banks to remain open on all days from 25.03.2017 to 01.04.2017

March 24, 2017 6180 Views 1 comment Print

All Agency Banks are advised to keep all their branches dealing with government business open on all days in the current financial year and on April 1, 2017 (including Saturday, Sunday and all holidays).

Customs Clearance in case of RMS facilitated BEs for Pulse import

March 24, 2017 1749 Views 0 comment Print

It has been decided to streamline the import procedure for import of pulses especially when the importer is a DPD client and Bill of Entry is RMS facilitated i.e. under No assessment, & No examination.

Format of declaration of exporter on reverse of DGFT’s e-BRC

March 24, 2017 8418 Views 0 comment Print

Acceptance of e-BRC by the Customs Authorities would be subject to appropriate declaration by the exporter on the reverse of the DGFT’s e-BRC. Prescribed format of the said declaration is annexed herewith.

Working of Cash Section & all Groups on 25.03.2017 (Saturday)-Reg.

March 24, 2017 1155 Views 0 comment Print

Attention of all the importers, exporters, customs brokers and other stakeholders is invited to the fact that cash section and all the Assessing Groups under NS-I, III & V would be working on 25.03.20 17 (Saturday) due to closing of the financial year 2016-17.

Pre-import condition for inputs/import items specified in Appendix 4J

March 24, 2017 8295 Views 0 comment Print

With this Public Notice, clarity is brought about applicability of Pre-import condition for inputs/import items specified in Appendix 4J. Amendment is also carried out in General Note No. 15 of Chemical and Allied Products (SION Book) to align with Appendix 4J.

ITAT on Commencement of Business of Metro Rail Project

March 24, 2017 1110 Views 0 comment Print

Assessee has taken all the necessary steps to facilitate the building of Metro Rail System. Since the assessee has taken steps in furtherance of its main objects, it cannot be stated that the assessee has not commenced its business.

Shifting of office premises of various formation of Service Tax, Delhi Zone

March 24, 2017 1821 Views 0 comment Print

Consequent upon hiring of new space for the office premises of Service Tax, Delhi Zone i.e. (i) Commissioner of Service Tax, Delhi-I,(ii) Commissioner of Service Tax, Delhi-II, (iii) Commissioner of Service Tax, Delhi-Ill, (iv) Commissioner of Service Tax, Audit-I,

Govt notifies Third Protocol Amending India-Singapore DTAA

March 24, 2017 828 Views 0 comment Print

Third Protocol amending India-Singapore Double Taxation Avoidance Agreement (DTAA) which was signed on 30.12.2016, has come into force on27.02.2017.

Amendment in Custom / Excise to facilitate GST & abolish cesses & surcharges

March 24, 2017 1509 Views 0 comment Print

Cabinet approves Amendment of in the Customs and Excise Act, relating to abolition of cesses and surcharges on various goods and services to facilitate implementation of GST Regime

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