The Trade Associations and the tax consultants have represented that due to technical difficulties many dealers-a. could not upload monthly returns for the periods April 2016 to February 2017, on or before 31 March, 2017. b. could not upload the quarterly return for the Quarters April 2016 to June 2016 and July 2016 to September 2016, on or before 31 March, 2017.
Kind reference is invited to proposals in the Finance Bill, 2017 relating to amendments in sections 46 and 47 of the Customs Act, 1962.These changes would come into effect upon enactment of the said Finance Bill.
Please refer to SEBI Circular No. SEBI/HO/MIRSD/MIRSD4/CIR/P/201 6/119 dated November 01, 2016 on Enhanced Standards for Credit Rating Agencies (CRAs). Based on the representations received from the industry and in consultation with CRAs, following has been decided
Clarification regarding amendments made in the Special Economic Zone Rules, 2006 by way of inserting a new Rule 47 (5) brought vide Department of Commerce (DoC) Notification No. GSR 772(E) dated 05.08.2016 wherein functional operations like Refund, Demand, Adjudication, Review and Appeal are to be made by jurisdictional Customs and Central Excise authorities in accordance with the relevant provisions contained in the Customs Act, 1962 & Central Excise Act, 1994 and the Finance Act, 1994.
CBDT has decided that if an assessee has made payment of tax, surcharge, penalty and deposit under Scheme, in banks by closing hours of 31st March, 2017, he shall be allowed to file declaration in Form 1 under PMGKY Scheme by 10th of April, 2017.
This circular stipulates the minimum information required to be submitted in respect of annual statutory valuation. Based on analysis of information received as per this circular, the Authority may call for further information if deemed necessary.
The responses received were scrutinised and after due diligence a panel of actuaries is finalised separately in respect of Life Insurance and General Insurance for a period of 3 years from 1-4-2017 to 31-03-2020.
In response to requests received from many of the life insurance companies, the captioned circular has been reviewed by the Authority. It is has been decided to delink the submission of the above report along with the Appointed Actuarys Annual report.
Attention is invited to Board’s Circular no. 69/2000-Cus dated 28.8.2000 providing that for fool-proof and expeditious examination and speedier disbursal of drawback on carpets, the field formations may constitute expert panels consisting of textile experts drawn from the Department and from the Export Promotion Council/Trade.
Crop Insurance was introduced as a new department in IRDAI (Surveyors and Loss Assessors) Regulations, 2015 (hereinafter referred as Surveyor Regulations) with a view to license surveyors to undertake loss assessment of crop insurance claims.
