Prohibition on import of milk and milk products (including chocolates and chocolate products and candies/ confectionary/ food preparations with milk or milk solids as an ingredient) from China is extended for a further period of six months, i.e., till 23.12.2018 or until further orders, whichever is earlier.
Further, it is clarified that only such goods and/or conveyances should be detained/confiscated in respect of which there is a violation of the provisions of the GST Acts or the rules made thereunder.
That the Commissioner (Appeals) has, in view of the facts and circumstances of the case, grossly erred on facts and in law in observing that the surrender made by the assessee is not in course of the statement recorded under section 132(4) and hence section 271 AAA benefit cannot be granted to the appellant.
It is clarified that Service Providers like Steamer Agents, etc. shall be entitled for benefits under Service Exports from India Scheme for the services exclusively rendered by them and for which the foreign exchange earnings (or INR payments as allowed under the scheme) are received and retained by them on this account.
The Board has approved certain amendments to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. As part of the amendments, it has been decided to grant additional time for upward revision of open offer price till one working day before the commencement of the tendering period.
Customs Rate of Exchange of Foreign Currency Conversion wef 22.06.2018 notified vide Notification No. 55/2018-Customs (N.T.) dated the 22nd June, 2018.
In the reference first cited, a revised circular in respect of export refunds in supersession of all earlier circulars relating to export refunds has been issued, in which it has been instructed to defer the refund claim relating to input tax credit on capital goods with respect to zero rate sales including exports in para 14 as given below:
In light of the above, it has been decided that all private persons visiting Customs House carrying cash In excess of Rs. 5000 (Rupees Five thousands only) including staffs of Customs Brokers, have to declare the same before the Superintendent of Customs (Prey.) SCH and Custom House Security. Any deviation from this stipulation may result in confiscation of excess undeclared cash and initiation of action against the person concerned, including referring the matter to appropriate authority.
The meeting was attended by all the members – Dr. Chetan Ghate, Professor, Indian Statistical Institute; Dr. Pami Dua, Director, Delhi School of Economics; Dr. Ravindra H. Dholakia, former Professor, Indian Institute of Management, Ahmedabad; Dr. Michael Debabrata Patra
The National Guidelines on the Economic, Social and Environmental Responsibilities of Business (Guidelines) presented herein are the outcome of a process initiated by the Ministry of Corporate Affairs (MCA) in September 2015.
