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Disposal of un-claimed/un-cleared/seized/confiscated goods – reg

August 10, 2020 13815 Views 0 comment Print

It is re-iterated that disposal of all such un-cleared/un-claimed cargo may be expedited as per the timelines stated in Circular No. 49/2018-Customs, dated 03.12.2018. Further, in terms of section 48 of the Customs Act, 1962 hazardous un-cleared/un-claimed goods may be disposed at any time. With respect to seized/confiscated goods, the procedure and timelines for disposal are as mentioned in Chapter 2 of the Disposal Manual, 2019.

SEBI provides Administrative support for Trustees of Mutual Funds

August 10, 2020 1191 Views 0 comment Print

SEBI, in its interactions with the Trustees had received feedback for providing administrative assistance to Trustees in monitoring various activities of the AMCs. Trustees shall appoint a dedicated officer having professional qualification and minimum 5 years of experience in finance and financial services related field.

Revised procedure for Import of Pets / Live Animals

August 10, 2020 4491 Views 0 comment Print

Procedure for import of Live Animals in general and also for import of pets (only Dogs and Cats) as baggage/Personal imports by Passengers. Following procedure shall be followed for clearance of pets/live animals including cats and dogs:

No Advance Authorisations if Gold jewellery/articles manufactured by fully mechanised process

August 10, 2020 2283 Views 0 comment Print

Advance Authorisation shall not be issued where item of export is ‘Gold Medallions and Coins’ or ‘Gold jewellery/articles manufactured by fully mechanised process’. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan New Delhi Notification No. 25/2015-20 New Delhi, Dated 10.08.2020 Subject: Issue of Advance Authorisations […]

Amendment in Export Policy of Basmati & Non-Basmati Rice

August 10, 2020 3402 Views 0 comment Print

The Notification No. 41/2015-2020 dated 9th January 2020 is amended to the extent that export of Rice (Basmati and Non-Basmati ) to EU member states and other European Countries namely Iceland, Liechtenstein, Norway and Switzerland only will require Certificate of Inspection from EIA/EIC. Export to remaining European countries (except Iceland, Liechtenstein, Norway and Switzerland) will […]

Three new Members joins CBIC

August 10, 2020 1785 Views 1 comment Print

It gives me great pleasure to welcome, on behalf of the entire service as well as on my own behalf, three new Members to the Central Board of Indirect Taxes and Customs, Shri. Ajay Jain, Shri. Vivek Johri and Ms. Sungita Sharma.

Amendment in SB-5 & SB-5A passbooks used in CBS & non CBS Post Offices

August 10, 2020 20421 Views 0 comment Print

S.B. Order 28/2020 c.F.No. 11-1-02-2002-SB (Pt–I) Government of India Ministry of Communications Department of Posts (F.S. Division) Dak Bhawan, New Delhi-110001 Dated: – 10/08/2020 To, All Head of Circles/Regions, Subject: – Regarding amendment in SB-5 and SB-5A passbooks used in CBS and non CBS Post Offices. Sir/Madam, In continuation of SB Order 10/2017 dated 17.08.2017 […]

AAR allows S.K. Properties to withdraw advance Ruling application

August 10, 2020 1110 Views 0 comment Print

In re M/s S.K. Properties (GST AAR Karnataka) 1. The applicant sought Applicability of GST on Land owners share of constructed residetail flats, since Joint development agreement entered between Land owner and Builder entered before the commencement of construction of the building and Constructed residential flats handed over before completion. 2. If GST Applicable on […]

CBDT notifies 3 Courts in Maharashtra for trial of Income Tax offences

August 10, 2020 1509 Views 0 comment Print

CBDT notifies 3 Courts in Maharashtra for trial of Income Tax offences which includes (i) the 38th Court, Ballard Pier for Mumbai region and 31st Court of Additional Chief Metropolitan Magistrate, Vikhroli for Mumbai including cases at Thane; (ii) the Court of the Chief Judicial Magistrate, Nagpur for entire Vidarbha region, and (iii) the Court of 10th Joint Civil Judge Junior Division and Judicial Magistrate First Class (Court No. 8), Pune for Pune region.

Rule 114AAB: Class or classes of person to whom provisions of section 139A shall not apply

August 10, 2020 9939 Views 0 comment Print

Class or classes of person to whom provisions of section 139A shall not apply. 114AAB. (1) The provisions of section 139A shall not apply to a non-resident, not being a company, or a foreign company, (hereinafter referred to as the non-resident) who has, during a previous year, made investment in a specified fund if the following conditions are fulfilled, namely:

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