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CBDT order posting of 151 ACIT (Probationers) in Pr. CCIT(CCA) region

April 6, 2018 6339 Views 0 comment Print

Order No. 54 of 2018- Following Assistant Commissioners of Income Tax (Probationers) in the Level 10 in the pay matrix Rs. 56100-177500, on completion of training at National Academy of Direct Taxes (NADT), Nagpur are, hereby, posted in the region of Pr. CCIT (CCA) indicated against each of them with immediate effect and until further orders:-

AAR Ruling on classification of ‘Sulekh Sarita’ books for GST

April 6, 2018 2667 Views 0 comment Print

The main problem faced by the children in Hindi subject is the error of MATRAS. This book teaches MATRAS with the concept of with comparison of words and picture presentation. The concept helps the child to learn Hindi MATRAS in the easy way, thus making the Hindi subject easier for the child.

Classification of Solar Panel/Module equipped with Elements -Reg.

April 6, 2018 2595 Views 0 comment Print

a) If the solar panel/module is equipped with elements and these elements supply the power to an external load i.e. a motor, an electrolyser etc., then the solar panel/module is classifiable under CTH 8501. b) However, if the solar panel/module is equipped with elements but these elements do not supply the power to an external load i.e. a motor, an electrolyser etc., then the solar panel/module is classifiable under CTH 8541. c) Solar paneUmodule without clement is classifiable under CTH 8541

Govt amends 4 Custom Tariff Notifications dated 2nd Feb 2018

April 6, 2018 1026 Views 0 comment Print

Seeks to rescind notification nos. 7/2018-Customs, 8/2018-Customs, 19/2018-Customs and 20/2018-Customs all dated 2nd February 2018 vide Notification No. 42/2018-Customs

Govt amends 4 Custom Tariff Notifications dated 2nd February 2018

April 6, 2018 798 Views 0 comment Print

Seeks to amend notification Nos.11/2018-Customs, 12/2018-Customs, 13/2018-Customs and 21/2018-Customs, all dated 2nd February 2018 vide Notification No. 41/2018–Customs

Anti-dumping duty on imports of “Phosphorus Pentoxide”

April 6, 2018 1161 Views 0 comment Print

Seeks to impose definitive anti-dumping duty on the imports of Phosphorus Pentoxide originating in or exported from China PR vide Notification No. 19/2018-Customs (ADD)

Govt rescinds notification No. 8/2017 Customs (ADD) dated 15.03.2017

April 6, 2018 717 Views 0 comment Print

Central Government had notified the provisional assessment of all exports of the subject goods made by the M/s. Guangxi Quinzhou Capital Success Chemical Co. Ltd. (producer or exporter) till the completion of the review, vide, notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 8/2017– Customs (ADD) dated 15th March, 2017

Cash Management Logistic- Banks to prescribe Minimum Standards

April 6, 2018 792 Views 0 comment Print

In view of the increasing reliance of the banks on outsourced service providers and their sub-contractors in cash management logistics, certain minimum standards will be prescribed for the service provider / sub-contractors who are engaged by the banks for this purpose.

RBI Action Points to Enhance Effectiveness of Lead District Managers

April 6, 2018 1053 Views 0 comment Print

i. In view of the critical role played by LDMs, it may be ensured that officials posted as LDMs possess requisite leadership skills. ii. Apart from the provision of a separate office space, technical infrastructure like computers, printer, data connectivity, etc. which are basic necessities for LDMs to discharge their core responsibilities may be provided to LDMs Office without exception.

Store data relating to payment in a system in India only: RBI

April 6, 2018 1350 Views 0 comment Print

It is observed that not all system providers store the payments data in India. In order to ensure better monitoring, it is important to have unfettered supervisory access to data stored with these system providers as also with their service providers / intermediaries/ third party vendors and other entities in the payment ecosystem. It has, therefore, been decided that:

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