Raw Sugar upto an aggregate of five lakh metric tonnes of total imports of such goods- The rate of duty specified in column (4) shall apply to such quantity of imports for which an importer holds a Tariff Rate Quota Allocation Certificate or license, as the case may be, issued by Directorate General of Foreign Trade in accordance with the procedure, as may be specified by Directorate General of Foreign Trade by a Notification or Public Notice as the case maybe.
Import of 5 Lakh MT of raw sugar under Exim Code 170114 of Chapter 17 of ITC (HS), 2017–Schedule–I (Import Policy) is allowed duty free under TRQ.
Ministry of Corporate Affairs is administering the Internship Scheme to provide a platform for post-graduate students who are pursuing courses in Commerce, Law, Economics and Management streams to develop awareness about formulation and implementation of corporate policies of the Union Government.
Request For Proposal (Rfp) For Engagement Of Consultants For Implementation Of Goods And Services Tax (GST) In Allahabad Bank
It has been observed that Direct Port Delivery (DPD) facility has reduced the time and cost for importers considerably. Therefore, it has been decided to consider Direct Port Delivery (DPD) permission to all such importers who are manufacturers, registered IPR holders provided their bulk of import is in FCL (Full container Load) and is being facilitated by RMS i.e. no examination, no assessment.
The provisional figures for revenue collections up to March, 2017 show a gross Direct Tax collection of Rs. 10.09 lakh crore. The net collection after issue of refunds stands at Rs. 8.47 lakh crore which is 14.2% higher than the net collection for the corresponding period last year. With this the CBDT has accomplished 100% of the direct tax target for Financial Year 2016-1 7.
The indirect tax collections (Central Excise, Service Tax and Customs) in FY 2016-17are at Rs 63 lakh crore, which is 22.0% higher than the actual revenue receipts in FY 2015-16. Till March 2017, about 101.35% of the Revised Estimates (RE) of indirect taxes for Financial Year 2016-17 has been achieved.
CBDT notified that Section 269ST not applies to cash receipt from banking company, post office savings bank or co-operative bank.
CBDT has extended time to furnish permanent account number or Form No. 60 by bank account holders who have not furnished the same at the time of account opening or subsequently to on or 30th day of June, 2017.
Criteria for verification of TDS returns-CAG recommend that the CBDT may prescribe the procedure and criteria for selection of TDS returns for verification.
