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Clarification for re-imports through Post

November 19, 2018 915 Views 0 comment Print

Certain references have been received seeking clarification as regards applicability of notification No. 45/17-Cus, and 46/2017-Cus, both dated 30th June 2017 to the reimports of goods which were earlier exported through Post.

Father’s name non-mandatory in PAN application form: CBDT

November 19, 2018 18819 Views 0 comment Print

Whether mother is a single parent and you wish to apply for PAN by furnishing the name of your mother only? Yes No (please tick as applicable) If yes, please fill in mother’s name in the appropriate space provide below. Father’s Name (Mandatory except where mother is a single parent and PAN is applied by furnishing the name of mother only)

Weekly newsletter from Chairman, CBIC dated 16/11/2018

November 16, 2018 948 Views 0 comment Print

CBIC has put up a GST & Customs Pavilion in IITF, which has six Helpdesks relating to GST, GSTN and Customs to guide and assist taxpayers. General information has been displayed through interesting info-graphics in the Pavilion.

SEBI (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2018

November 16, 2018 5142 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2018.

Insistence on GST payment by cash or DD is against the spirit of GST

November 16, 2018 1488 Views 0 comment Print

Strangely, the authorities still insist that the payment should be by physical means: either in cash or through Demand Draft (DD). That insistence seems to be archaic and out of tune with the very spirit of the GST regime

Polypropylene Leno Bags falls under GST Tariff Heading ‘3923 29 90’

November 16, 2018 2208 Views 0 comment Print

In re Utkal Polyweave Industries Pvt Ltd. (GST AAR Odisha) Tariff heading 3923 includes goods that are classifiable as ‘Articles for the conveyance or packing of goods, of plastics; stoppers, lids, caps and other closures, of plastics’. Polypropylene Leno Bags, as stated by the applicant, are manufactured by weaving polypropylene strips (tapes), Linear Low Density […]

Notification No. 25/2018-Customs (N.T./CAA/DRI) Dated : 16.11.2018

November 16, 2018 1014 Views 0 comment Print

Notification No. 25/2018-Customs (N.T./CAA/DRI) Director General, Revenue Intelligence, hereby appoints officers mentioned in column (5) of the Table below to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on officers mentioned in column (4) of the said Table in respect of noticees mentioned in column (2) of the said Table for the purpose of adjudication of show cause notices mentioned in column (3) of the said Table, namely:-

Government amends Stock and Sale Policy for dual use SCOMET items

November 15, 2018 1032 Views 0 comment Print

The existing Stock and Sale policy has been amended to allow re-transfer / re-export of SCOMET items within the country of the stockist and to the end users in other specified countries approved by IMWG, on post reporting basis.

Misconduct Allegations against CS not sustainable in absence of Evidence

November 15, 2018 1299 Views 0 comment Print

Shri Nizar Mawani Vs Shri Ajay Moreshwar Antarkar (ICSI Disciplinary Committee ) The Disciplinary Committee and after considering all the material on record and after considering all the facts and circumstance of the matter observed that the instant case has arisen out of an affidavit purportedly filed before CLB, Mumbai, by the Respondent wherein he […]

Section 234B / 234C interest on income arising from retrospective operation of any statute, decision etc.

November 15, 2018 921 Views 0 comment Print

Imposition of interest is justified under sections 234B and 234C of the Income Tax Act, 1961, save and except on the income which arises from retrospective operation of any statute, decision etc.

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