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Notification under Section 7 notifying Surat airport as Customs airport

June 8, 2018 1785 Views 0 comment Print

Notification No. 51/2018-Customs (N.T.) Dated- 8th June, 2018- under Section 7 of the Customs Act, 1962 notifying Surat airport as Customs airport for Unloading of baggage and the loading of baggage

Registrars to An Issue And Share Transfer Agents (Second Amendment) Regulations, 2018

June 8, 2018 1440 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) (Second Amendment) Regulations, 2018.

No Service Tax on training and coaching in various foreign languages

June 8, 2018 4344 Views 0 comment Print

Commissioner of Central Excise Vs Consistent Software Technologies (I) Pvt. Ltd. (CESTAT Mumbai) In the present case the respondent is engaged in imparting the training and coaching in various foreign languages i.e. French, German, Japanese, Spanish etc. which they claimed as a vocational training and covered under Notification No.9/2003-ST and 24/2004-ST. The very identical issue […]

Monetary limits for adjudication by Custom officers in cases liable to confiscation

June 8, 2018 33606 Views 0 comment Print

In order to improve the disposal rate in deciding cases falling under Chapter XIV, it has been decided that for cases where value of the goods liable for confiscation is above 10 lakhs, the adjudication powers shall be exercised as under:

Release goods detained on compliance of GST Rules: HC

June 8, 2018 1398 Views 0 comment Print

Berger Paints India Ltd. Vs Assistant State Tax Officer (Kerala High Court) Writ petition is disposed of directing the competent authority to complete the adjudication provided for under Section 129 of the statutes referred to above, within a week from the date of production of a copy of the judgment. It is also directed that […]

RBI to introduce Single Master Form for reporting of Foreign Investment in India

June 7, 2018 16605 Views 0 comment Print

Reserve Bank, with the objective of integrating the extant reporting structures of various types of foreign investment in India, will introduce a Single Master Form (SMF). The SMF would be filed online.

Monthly reporting via ECB 2 Return revised to capture hedge details

June 7, 2018 2661 Views 0 comment Print

It has been decided to capture the details of the hedges for ECBs through a simplified format of ECB 2 Return. Part E of the Return, accordingly, is modified so as to include only standard information on hedged/unhedged ECB exposure (Annex).

RBI amends Gold Monetization Scheme, 2015

June 7, 2018 789 Views 0 comment Print

The short term deposits shall be treated as bank’s on-balance sheet liability. These deposits will be made with the designated banks for a short period of 1-3 years (with a facility of roll over). Deposits can also be allowed for broken periods (e.g. 1 year 3 months; 2 years 4 months 5 days; etc.).

Investment in the units of InvIT by sponsor CIC-NDSI

June 7, 2018 1059 Views 0 comment Print

In order to enable Systemically Important Core Investment Companies (CIC-NDSI) to act as a sponsor of InvITs, it has been decided to permit CIC-NDSIs to hold InvIT units only as a sponsor. Exposure of such CICs towards InvITs shall be limited to their holdings as sponsors and shall not, at any point in time, exceed the minimum holding of units and tenor prescribed in this regard by SEBI (Infrastructure Investment Trusts) Regulations, 2014.

Customs Rate of Exchange of Foreign Currency Conversion wef 08.06.2018

June 7, 2018 942 Views 0 comment Print

Customs Rate of Exchange of Conversion Foreign Currencies wef 08.06.2018 notified vide Notification No. 49/2018-Customs (N.T.) dated: 7th June, 2018

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