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CBIC revises Format of Shipping Bill for Export of Goods

March 25, 2019 3255 Views 0 comment Print

In the Shipping Bill and Bill of Export (Forms) Regulations, 2017, under regulation 2, for Form SBI and under regulation 3 for Form III, the following Forms shall be substituted, namely :-

Locker search warrant and proceedings u/s 153A can be quashed if authority failes to prove that such locker contains undisclosed income

March 25, 2019 6954 Views 0 comment Print

Shah-E-Naaz Judge Vs. Addl. DIT (Inv) (Delhi High Court) Authority and power to conduct search and seizure operations is strident and caustic power authorized by law to be taken recourse to when the conditions mentioned under different clauses of Section 132 (1) of the Act are satisfied. Constitutional validity of the said provision has been […]

Order passed U/s. 254(2) cannot be rectified or amended by invoking of section 254(2) once again

March 25, 2019 2787 Views 0 comment Print

Tribunal in exercise of its power under sub-section (2) of section 254 had rectified the mistake apparent on record and deleted the double addition of income in respect of assessee. Thereafter, Revenue again filed an application under sub-section (2) of section 254 seeking rectification of order passed under sub-section (2) of section 254.

Anti-dumping duty on ‘Acetone’ extended for further 5 Years

March 25, 2019 4878 Views 0 comment Print

Seeks to impose anti-dumping duty on ‘Acetone’, originating in or exported from European Union, Singapore, South Africa and United States of America GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 14/2019-Customs (ADD) New Delhi, the 25th March, 2019 G.S.R.237(E).-Whereas, the designated authority, vide notification No.7/26/2018 DGAD, dated the 6th July, 2018, published in the […]

Reg. IGST & compensation cess exemption to EOUs on imports till 31.03.2020

March 25, 2019 1080 Views 0 comment Print

Amendment to Notification No.52/2003-Customs dated 31.03.2003 for extending exemption from IGST and compensation cess to EOUs on imports till 31.03.2020 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 9/2019-Customs New Delhi, the 25 March, 2019 G.S.R. 238(E).— In exercise of the powers conferred by sub-section […]

Reg. exemption from IGST & Compensation Cess upto 31.03.2020

March 25, 2019 2388 Views 0 comment Print

Seeks to extend the exemption from Integrated Tax and Compensation Cess upto 31.03.2020 on goods imported against AA/EPCG authorizations vide Notification No. 08/2019-Customs Dated 25th March, 2019.

Review of Commission, Expenses, Disclosure norms etc – Mutual Fund

March 25, 2019 3594 Views 0 comment Print

Securities and Exchange Board of India CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2019/42 March 25, 2019 All Mutual Funds (MFs)/ Asset Management Companies (AMCs)/ Trustee Companies/ Boards of Trustees of Mutual Funds/ Registrar and Transfer Agents (RTAs) / Association of Mutual Funds in India (AMFI) Sir / Madam, Subject: Review of Commission, Expenses, Disclosure norms etc. – Mutual Fund. A. […]

SEBI circular on Valuation of money market & debt securities

March 23, 2019 1701 Views 0 comment Print

Valuation of money market and debt securities which are rated below investment grade:2.1 In order to have uniformity and consistency across the Mutual Fund industry on valuation of money market and debt securities rated below investment grade, the following has been decided:

Extension of attempt for Practical Training Assessment for CA students

March 22, 2019 1356 Views 0 comment Print

Institute of Chartered Accountants of India Extension of attempt for Practical Training Assessment for students who have completed their first/ second year of training during April-June, 2018 The students who have completed their 1st/ 2nd year of practical training during the second quarter of 2018, i.e. April-June, 2018 were eligible to appear in the practical […]

SEBI (Custodian) (Amendment) Regulations, 2019

March 22, 2019 1692 Views 0 comment Print

1. These Regulations may be called the Securities and Exchange Board of India (Custodian) (Amendment) Regulations, 2019.2. They shall come into force on the date of their publication in the Official Gazette.

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