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Maharashtra VAT: Guidelines regarding crosschecking of Input tax credit

November 22, 2017 5094 Views 0 comment Print

Considering the aforesaid hardship to the trade, it is now decided that the unmatches of Rs. 1000/-or below per supplier per year may be allowed without supplementary annexures being uploaded. It is further clarified that such claims shall be allowed provided the officer is not having any adverse information on record about such supplier.

Anti-dumping duty on imports of color coated aluminium foil from China

November 22, 2017 648 Views 0 comment Print

The Designated Authority vide notification No. 14/06/2015- DGAD dated 10th March, 2017, notified its final findings recommending imposition of anti-dumping duty on the imports of aluminium foil origination in or exported from China PR.

Relief in Average Export Obligation as per Para 5.19 of HBP of FTP 2015-20

November 21, 2017 6003 Views 1 comment Print

Para 5.19 of the Hand Book of Procedures of FTP 2015-20 permits re-fixation of Annual Average Export Obligation, in case the export in any sector/ product group decline by more than 5%. This implies that the sector/ product group that witnessed such decline in 2016-17 as compared to 2015-16, would be entitled for such relief.

Implementing Electronic Sealing for Containers by exporters under self-sealing procedure

November 18, 2017 2523 Views 0 comment Print

AEOs and Units having permission to self–seal without supervision of a Central Excise officer were to mandatorily use RFID e seals with effect from 8th November 2017 when exporting from the ports / ICDs listed in the aforesaid circular.

Review of Securities Lending and Borrowing (SLB) Framework

November 17, 2017 1842 Views 0 comment Print

Stock Exchanges, Clearing Corporations and Depositories are directed to: i. Take necessary steps to put necessary systems in place for the implementation of the above provisions of this circular. ii. Make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision.

Reg. inter-State purchases against C Form for period starting from 01.07.2017

November 17, 2017 4695 Views 0 comment Print

Declarations in Form ‘C’ for the periods starting from 1st July 2017 shall be issued only if such goods are purchased for the purposes enumerated in the Office Memorandum issued by Ministry of Finance, Department of Revenue, State Tax Division, New Delhi dated 7th November 2017 such as:-

Forwarding of samples for testing to Outside Laboratories- reg

November 16, 2017 5184 Views 0 comment Print

It has come to the notice of the Board that due to lack of testing facilities of certain goods in Revenue Laboratories, there is delay in clearance of the consignments of these goods due to avoidable movement of samples between Customs field formations and Revenue Laboratories.

Aadhaar as identity document for NRIs, PIOs & OCIs related services

November 15, 2017 3129 Views 0 comment Print

An illustrative list of such cases wherein NRIs/PIOs/OCIs are reported to have been asked to submit or link Aadhaar in order to avail the services/benefits/schemes has been compiled and is placed as Annexure.

Sebi creates new category of reporting FPI investment in hybrid securities

November 15, 2017 903 Views 0 comment Print

In order to capture FPI investment data in hybrid securities, a third category termed as Hybrid Security shall be created for the purpose of capturing and disseminating FPI investment data in hybrid securities.

It is not necessary to obtain consent from a Judge before transferring him

November 15, 2017 4983 Views 0 comment Print

Administration of Justice is the responsibility of the Judiciary. As per Memorandum of Procedure governing the transfer of High Court Judges, the Article 222 of the Constitution makes provision for the transfer of a Judge (including Chief Justice) from one High Court to any other High Court.

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