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Tariff Notification No. 84/2018-Customs (N.T.) dated: 28.09.2018

September 28, 2018 1137 Views 0 comment Print

Tariff Notification No. 84/2018-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver dated: 28th September, 2018 Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 84/2018-CUSTOMS (N.T.) New Delhi, 28th September, 2018 6 Asvina, 1940 (SAKA) S.O. […]

RBI releases Draft Directions on Prohibition of Market Abuse

September 28, 2018 666 Views 0 comment Print

Date : Sep 28, 2018 The Reserve Bank of India today released draft directions on Prohibition of Market Abuse. Comments on the draft directions are invited from market participants and other interested parties by October 31, 2018 Feedback on the draft directions may be forwarded to: The Chief General Manager, Reserve Bank of India Financial Markets Regulation […]

GST ITC on maintenance of township, guesthouse, hospital, horticulture

September 28, 2018 17037 Views 0 comment Print

In re National Aluminum Company Limited (Nalco)- GST AAR Odisha Advance Ruling is sought in respect of entitlement to take credit of input tax paid on various goods and services used for maintenance of applicant’s township, guesthouse, hospital, horticulture in its ordinary course of business. Establishment of hospitals and maintenance thereof may be for discharging […]

Prosecution u/s 276C/277: Burden of proving absence of mens rea is upon accused

September 28, 2018 9069 Views 0 comment Print

Arun Arya Vs. ITO (J&K High Court) Under the Income-Tax Act, 1961 there are various provisions for compliance with taxing provisions and the collection of taxes. The Income-tax Act seeks to enforce tax compliance in a three fold manner; namely 1) Imposition of interests 2) Imposition of penalties and 3) Prosecutions. In the fight against […]

DGFT allows import of Petcoke for graphite electrode industry

September 28, 2018 1071 Views 0 comment Print

In addition to the existing four industries namely cement, lime kiln, calcium carbide and gasification industries, the fifth one i.e. graphite electrode industry is added for whom Petcoke is freely importable. Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Notification No. 38/2015-2020 Dated the 28 September, 2018 Subject: […]

Govt restrict Import of Peas classifiable under Exim Code 07131000

September 28, 2018 576 Views 0 comment Print

Import of Peas classified under Exim Code 0713 10 00 (including Yellow peas, Green peas, Dun peas and Kaspa peas) is “Restricted” till 31.12.2018 vide Notification No,37/2015-2020 Dated 28th September, 2018. Government of India Ministry of Commerce & Industry Department of Commerce UdyogBhawan, New Delhi Notification No. 37/2015-2020 Dated the 28th September, 2018 Subject: – […]

Cabinet approves increasing of Govt ownership in GSTN to 100%

September 28, 2018 777 Views 0 comment Print

Cabinet approves increasing of Government ownership in Goods and Services Tax Network and change in the existing structure with transitional plan

Income tax offices to remain open on 29 & 30th Sep 2018 in North West Region

September 28, 2018 4203 Views 0 comment Print

In view of the Time Barring matters, all the officers/officials of Income Tax Department, North West Region are being informed that the Income Tax Offices shall remain open and the receipt counters shall also work during normal office hours on 29.09*2018 [Saturday] and 30.09.2018 (Sunday).

Nil import duty on parts/ components of specified textile machinery

September 28, 2018 2976 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) and subsection (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017, namely:-

Import duty exemption on specified goods for use in manufacture of specified goods

September 28, 2018 2448 Views 0 comment Print

Seeks to further amend notification No. 25/2002-Customs, dated the 1st March, 2002  to provide Import duty exemption on specified goods for use in manufacture of specified goods Government of India Ministry of Finance (Department of Revenue) Notification No. 71/2018-Customs New Delhi, the 28th September, 2018 G.S.R.943(E).– In exercise of the powers conferred by sub-section (1) of […]

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