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Special Economic Zones (4th Amendment) Rules, 2019

December 31, 2019 1623 Views 0 comment Print

‘53A. Exemption.- Nothing contained in rule 53 shall apply,-a. to a Unit in an International Financial Service Centre set up as Alternate Investment Fund or Mutual Fund to the extent of any inflow of investible funds from investors, any investments made from such investible funds and returns on them inclusive of principal return and any return paid to investors from such investments including the original investment:

Deeper tariff concessions on specified goods imported from Malaysia under IMCECA

December 31, 2019 873 Views 0 comment Print

Seeks to amend notification No. 53/2011-Customs dated 01st July, 2011 so as to provide deeper tariff concessions in respect of specified goods imported from Malaysia under the India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA) w.e.f. 01.01.2020 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 42/2019-Customs New Delhi, dated the 31st December, 2019 G.S.R. […]

CBDT appoints 150 IRS officers to the grade of ACIT

December 31, 2019 13977 Views 0 comment Print

Notification No. 9 of 2019 – Appointment of 150 IRS officers to the grade of Assistant Commissioner of Income Tax (ACIT) -reg Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 31st December, 2019 10 Pausha, 1941 (SAKA) NOTIFICATION No. 09: Consequent upon successful completion of period […]

IGST: Changes in GST rate on goods | 38th GST Council Meeting

December 30, 2019 1272 Views 0 comment Print

Notification No. 26/2019-Integrated Tax (Rate)- Notification No. 01/2017-Integrated Tax (Rate) amended to change the rate of GST on goods as per recommendations of the GST Council in its 38th Meeting. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 26/2019-Integrated Tax (Rate) New Delhi, the 30th December, 2019 G.S.R. (E).- In exercise of […]

CBIC amends Customs Tariff notifications No. 11 and 12/2018-Customs

December 30, 2019 2301 Views 0 comment Print

Notification No. 39/2019–Customs– Seeks to amend certain Customs Tariff notifications issued under section 110 of the Finance Act, 2018 (13 of 2018) so as to align them with amended Customs Tariff GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 39/2019–Customs New Delhi, the 30th December, 2019 G.S.R. 967(E)- In exercise of the […]

Customs Tariff notifications amended to align with amended Customs Tariff

December 30, 2019 2664 Views 0 comment Print

Notification No. 36/2019-Customs–Seeks to amend Customs Tariff notifications so as to align them with amended Customs Tariff Also Read- Corrigenda to Notification No. 36/2019-Customs, dated 30.12.2019 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 36/2019-Customs New Delhi, the 30th December, 2019 G.S.R. 964(E). – In exercise of the powers conferred by sub-section […]

Implementation of ICES Test Module (Sample Test Entry) – reg

December 30, 2019 3141 Views 0 comment Print

Procedure for generating test memo at Appraising Group- While appraising the BE, the Appraiser, if desires to draw a sample of an item for testing purpose, will have to close the Appraising Option and Select Option – Sample Test Entry; from the main menu and will generate the test memo by recording the test instructions in the following manner:-

Section 36(1)(iv) not mandates recognition of pension fund by jurisdictional CIT

December 29, 2019 1176 Views 0 comment Print

A cursory reading of Section 36 (1) (iv) of the Act would reveal that nowhere in the said provision it is stated that the pension fund should be recognised by the jurisdictional Commissioner.

Corrigendum to Trade Notice No. 44/2019-20 dated 26.12.2019

December 27, 2019 621 Views 0 comment Print

Reference is invited to Trade Notice No. 44/2019-20 dated 26.12.2019. In this regard it is informed that in the said Trade Notice due to typographical error in Para 2 it was mentioned ‘millers/ traders’. It is clarified that the same may be read as ‘millers/ refiners’.

Invitation of Nominations for National CSR Awards 2020

December 27, 2019 894 Views 0 comment Print

Ministry of Corporate Affairs, Government of India has instituted National Corporate Social Responsibility (CSR) Awards to recognize companies that have made a positive impact on the society through their innovative & sustainable CSR initiatives.

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