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Proforma for issue of Certificate of Origin for Export of Muli-bamboo & bamboo products:

August 2, 2017 2454 Views 0 comment Print

Proforma for obtaining Certificate of Origin (COO) for export of (i) Muli bamboo(Melconna baccifera); and (ii) Bamboo products made from bamboo obtained from legal source (except bamboo charcoal, bamboo pulp and unprocessed bamboo shoots) has been notified.

17 FAQs related to GST on Handicrafts

August 1, 2017 3888 Views 0 comment Print

All imports will be deemed as inter-State supplies for the purposes of levy of GST. IGST is leviable on imports in addition to other duties of customs. Full set-off will be available as ITC of the IGST paid on import on goods and services

Order No. 128/2017 Transfer / Postings (Local Changes) in CIT Grade

August 1, 2017 1509 Views 0 comment Print

ORDER NO. 128 OF 2017 The following postings/ transfers in the grade of Commissioner of Income Tax (Local Changes) are, hereby, ordered with immediate effect and until further orders: –

Order No. 127/2017 Transfers & Postings (Local changes) in Addl./Joint CIT grade

August 1, 2017 870 Views 0 comment Print

The following postings/ transfers in the grade of Additional / Joint Commissioner of Income Tax (Local Changes) are, hereby, ordered with immediate effect and until further orders:

Order No. 126/2017 Transfer / Postings (Local Changes) in DCIT/ACIT grade

August 1, 2017 1029 Views 0 comment Print

ORDER NO. 126 OF 2017 The following postings/ transfers in the grade of Additional / Joint Commissioner of Income Tax (Local Changes) are, hereby, ordered with immediate effect and until further orders:

Procedure for drawing of samples of Zink Ash/ Skimming in powder & lump form (metallic portion) classifiable under tariff heading 2620-reg

August 1, 2017 1038 Views 0 comment Print

Recently, instances have been noticed wherein samples of Zinc ash/ skimming received by DYCC Lab, JNCH, Nhava Sheva are often in powder form without containing any material in lump form which results in showing lower metallic Zinc content and other restrictive pollutants such as Lead, Cadmium etc. when analyzed by the DYCC.

ICAI President’s Message – August 2017

August 1, 2017 1338 Views 0 comment Print

Barring all apprehensions, the GST roll out finally saw the light of the day on 1st July 2017 paving the way towards the goal of One Nation-One Tax-One Market.

Amendment in Import Policy of Cigarettes or other Tobacco products

August 1, 2017 987 Views 0 comment Print

Para 13 of the General Notes Regarding Import Policy of ITC (HS), 2017 – Schedule –1 (Import Policy), has been amended in consonance with Cigarettes and other Tobacco Products (Packaging and Labeling) Amendment Rules, 2017.

Govt prohibits Import of Red Sanders (Pterocarpus Santalinus)

August 1, 2017 924 Views 0 comment Print

Import of Red Sanders (Pterocarpus santalinus) is Prohibited by amending the import Policy Condition of items under Exim Code 4403 9918 under Chapter 44 of ITC (HS), 2017 – Schedule –1 (Import Policy)

GST FAQs related to Drugs and Pharmaceutical Sector

July 31, 2017 5286 Views 0 comment Print

The assessment of drugs and formulations under GST would be on the basis of transaction value at each level of supply with end to end ITC chain for neutralizing the GST paid at the procurement level.

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