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Seeks to grant Exemption to Specimen, models, wall pictures and diagrams received as gifts

June 30, 2017 573 Views 0 comment Print

Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts Specimen, models, wall pictures and Diagrams for instructional purposes, falling within the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India, from the whole of the duty of customs leviable thereon which is specified in the said First Schedule.

Seeks to grant Rescinds the Notification No. 151/1982 – Customs, dated the 14th May 1982

June 30, 2017 756 Views 0 comment Print

G.S.R. (E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue)

Seeks to Rescind Notification No. 171/1993- Customs, dated 16th September 1993

June 30, 2017 1023 Views 0 comment Print

G.S.R. (E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby rescinds the notification of the Government of India in the Ministry of Finance

Specifications related to ISINs for debt securities issued under Listing Regulations

June 30, 2017 3249 Views 0 comment Print

A liquid corporate bond market helps in better price discovery of debt securities. Towards this, the working group, on “Development of corporate bond market in India”, under the chairmanship of Shri. H R Khan in its report, inter-alia, recommended that the issuers coming out with frequent debt issues with the same tenor during a quarter

Acceptance of e-PAN card for KYC purpose

June 30, 2017 1839 Views 0 comment Print

Central Board of Direct Taxes (CBDT) has recently introduced a facility of E-PAN (electronic PAN card) vide press release dated April 11, 2017. Accordingly it is clarified that E-PAN issued by CBDT can also be produced by FPI for KYC The other instructions contained in Circular CIR/IMD/FPIC/123/201 6 dated November 17, 2016 remains unchanged.

Customs (Import of Goods at concessional Rate of Duty) Rules, 2017

June 30, 2017 120645 Views 9 comments Print

These rules shall apply to an importer, who intends to avail the benefit of an exemption notification issued under sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and where the benefit of such exemption is dependent upon the use of imported goods covered by that notification for the manufacture of any commodity or provision of output service.

Courier Imports and Exports (Electronic Declaration and Processing) (Amendment) Regulations, 2017

June 30, 2017 873 Views 0 comment Print

1. (1) These regulations may be called the Courier Imports and Exports (Electronic Declaration and Processing) (Amendment) Regulations, 2017. (2) They shall come into force on the date of their publication in the Official Gazette.

Notification for reverse charge under Delhi GST Act, 2017

June 30, 2017 2787 Views 0 comment Print

No.F3(15)/Fin(Rev-I)/2017-18/ –. In exercise of the powers conferred by sub-section (3) of section 9 of the Delhi Goods and Services Tax Act, 2017 (Delhi Act 03 of 2017), the Lt. Governor of the National Capital Territory of Delhi, on the recommendations of the Council, hereby specifies the supply of goods

Rescinding of notifications under certain sections of MVAT

June 30, 2017 699 Views 0 comment Print

Government of Maharashtra, hereby with effect from the 1st July 2017, rescinds Government Notifications, Finance Department, mentioned in column (3), as issued on date as mentioned against the notification mentioned in column (4) of the said Schedule, namely :—

Notification under MVAT Schedule entry B-10(a)- Schedule D renamed as Schedule B

June 30, 2017 642 Views 0 comment Print

No. VAT. 1517/C. R. 97 (7)/ Taxation-1.-In pursuance of the powers conferred by clause (a) of entry 10 of SCHEDULE B appended to the Maharashtra. Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra, hereby with effect from the 1st July 2017, amends. the Government Notification, Finance Department,

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