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CBIC rescinds notification No. 36/2012- Customs (ADD) dated 16.07.2012

July 13, 2018 1005 Views 0 comment Print

CBIC rescinds notification No. 36/2012- Customs (ADD) dated the 16th, July 2012 by which it imposed definitive anti-dumping duty on the imports of ‘Grinding media Balls’ (excluding Forged Grinding Media Balls), originating in, or exported from Thailand and China PR, as it has now issued a new Notification No. 36/2018-Customs (ADD) dated 13th July, 2018 […]

Appointment of Authorised Representative for Classes of Creditors under IBC

July 13, 2018 8376 Views 0 comment Print

Wherever the approval of resolution plan under regulation 39 (3) of the Regulations is at least 15 days away, the resolution professional shall expeditiously obtain, by electronic means, the choice of the insolvency professional from creditors in a class to act as the authorised representative of the class and proceed further in the manner as specified in regulation 16A of the Regulations.

Amendments in Appendix 3B of MEIS

July 13, 2018 2415 Views 0 comment Print

The MEIS benefit for certain items have been enhanced for a certain period and some new items have been included in the MEIS Schedule, Appendix 3B.

MEIS benefit for ‘Bengal-Gram’ extended for exports upto 20.09.2018

July 13, 2018 897 Views 0 comment Print

The MEIS benefit for ‘Bengal-Gram’ under ITC (HS) code 07132020 available upto 20.06.2018 has been extended for exports upto 20.09.2018.

Accountability of inputs where Advance Authorisations are issued on net to net basis for parts/components- req

July 13, 2018 9594 Views 0 comment Print

Representations have been received from Trade and Industry informing the difficulties being faced by them in getting EODCs where inputs have been obtained on net to net basis subject to accountability clause in terms of SI. No-4 of General Notes for Engineering Products and SI No-6 of General Notes for All Export Products Groups.

ITAT explains law related to TDS on commission paid to non-resident agents

July 13, 2018 10809 Views 0 comment Print

This appeal by the Revenue is directed against the Order of the Ld. Commissioner of Income Tax (Appeals)-XII, New Delhi dated 28.5.2014 pertaining to assessment year 2011-12 on the following grounds

Notification No. 62/2018-Customs (N.T.) Dated 13.07.2018

July 13, 2018 1353 Views 0 comment Print

Tariff Notification No. 62/2018-CUSTOMS (N.T.) dated: 13th July, 2018 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

Draft Income Tax Rules relating to Significant Economic Presence

July 13, 2018 3228 Views 0 comment Print

Framing of Income-tax rules relating to Significant Economic Presence as per Section 9(1)(i) of the Income-tax Act, 1961, Comments and suggestions

IBC: Appointment of IP as authorised representative for classes of creditors

July 13, 2018 1926 Views 0 comment Print

Wherever the approval of resolution plan under regulation 39 (3) of the Regulations is at least 15 days away, the resolution professional shall expeditiously obtain, by electronic means, the choice of the insolvency professional from creditors in a class to act as the authorised representative of the class and proceed further in the manner as specified in regulation 16A of the Regulations.

Stock Brokers shall not accept cash from their clients : SEBI

July 12, 2018 1311 Views 0 comment Print

The stock brokers shall accept cheques drawn only by the clients and also issue cheques in favour of the clients only, for their transactions. Stock Brokers shall not accept cash from their clients either directly or by way of cash deposit to the bank account of stock broker.

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