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Income Tax Notification No. 37/2018, Dated 08.08.2018

August 8, 2018 2352 Views 0 comment Print

Central Government, in consultation with the Chief Justice of the Gauhati High Court hereby designate the Court of Munsiff No. 3 -cum-Judicial Magistrate, 1st Class, Kamrup (M), Guwahati as the Special Court for the North Eastern Region for the purposes of SECTION 280(1)

Enhancement of MEIS rates for certain HS codes for exports made on or after 01.11.2017

August 8, 2018 4254 Views 0 comment Print

The MEIS rates for certain items has been enhanced for exports made on or after 01.11.2017 and the rate for one HS Code 62142010 which was at 5% before Public Notice 42/2015-20 dated 24.11.2017 and was incorrectly notified as being increased from 2 to 4%, has been re-notified to 5%.

Govt amends Para 2.05 of HBPs related to Importer-Exporter Code

August 8, 2018 7743 Views 0 comment Print

Central Government hereby amends and revises the provision in Para 2.05 of the Foreign Trade policy (2015-20) on Importer-Exporter Code (IEC) and procedure is shifted to para 2.08 of Handbook of Procedures vide Notification No. 24/2015-2020 dated: 08 August, 2018.

AAAR Uttarakhand upheld GST on Abhivahan Shulk (Transit Fee)

August 8, 2018 1980 Views 0 comment Print

Discover the verdict of the Divisional Forest Officer (GST AAAR Uttarakhand) regarding the exigibility of Abhivahan Shulk to GST. Explore the detailed analysis and conclusions of the AAAR Uttarakhand in this case.

Contribution to Fishermen’s Welfare Fund allowable despite the fact that fund been held Unconstitutional by SC: HC

August 7, 2018 681 Views 0 comment Print

CIT Vs Abad Exim (P) Ltd. (Kerala High Court) The question remaining is with respect to the deduction, insofar as the contribution made to the Fishermen’s Welfare Fund. The Fund itself was declared unconstitutional by a decision of the Honourable Supreme Court  in AIR 2002 SC 973 [Koluthara Exports Ltd. v. State of Kerala and Others. […]

15% customs duty on Screw or SIM socket for cellular mobile phone

August 7, 2018 1062 Views 0 comment Print

CBIC Seeks to prescribe effective rate of customs duty on Screw or SIM socket / other mechanical items (metal) for cellular mobile phone vide Notification No.57/2018-Customs Dated: 7th August, 2018

Notification No.13/2018-Customs (N.T./CAA/DRI) Dated 07.08.2018

August 7, 2018 1116 Views 0 comment Print

CBIC appoints Common Adjudicating Authority vide Notification No. 13/2018-Customs (N.T./CAA/DRI) for M/s Transformers & Rectifiers (India) Pvt. Ltd, M/s Elmon Systems Pvt. Ltd. etc.

ICAI writes to Dainik Bhaskar for publishing misleading headline

August 7, 2018 1248 Views 0 comment Print

The ICAI takes a strong exception to the headline of the news item, as it is misleading / incorrect. It is quite unfortunate that the headline of the article appearing in a reputed publication is not in tandem with the news covered in the article.

MCA notifies new provisions for Issue of shares on private placement basis

August 7, 2018 14769 Views 0 comment Print

MCA has notified revised Section 42 of Companies Act, 2013 related to Issue of shares on private placement basis by with effect from 7th August 2018 by notifying section 10 of Companies (Amendment) Act, 2017 vide Notification Dated 7th August, 2018. Government of India Ministry of Corporate Affairs Notification New Delhi , the 7th August, […]

Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2018

August 7, 2018 26664 Views 0 comment Print

MCA notifies Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2018 and substituted existing rule 14 related to private placement of Companies (Prospectus and Allotment of Securities) Rules, 2014 vide Notification dated 7th August, 2018

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