IBBI Debars an IP from practicing as Insolvency Professional for 90 days

No. IBBI/Ref-Disc.Comm./03/2018 (18/04/2018)

Mr. Mohan sought approval of the Board for advertisement for EoI. Such approval is not envisaged under the Code. In the process, he tried to avoid responsibility cast on him under the Code and delayed the resolution process in contravention of clause 13 of the Code of Conduct. It is the duty of the resolution professional to conduct the e...

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DGFT amends Transitional Arrangements in Foreign Trade Policy 2015-2020

Notification No. 05/2015-2020-DGFT (25/04/2018)

Central Government hereby amends the provision in Para 1.05 (b) of the Foreign Trade policy (2015-20) on Transitional Arrangements as under:...

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DGFT amends Import policy of Yellow Peas from free’ to ‘restricted’

Notification No. 04/2015-2020 (25/04/2018)

Import policy of Yellow Peas under Exim Code 0713 1000 is revised from free' to 'restricted' for a period of three month only vide Notification No. 04 /2015-2020 ...

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IT Services notified in Appendix 3D are only allowed for SEIS claim

Trade Notice No. 04/2018-DGFT (25/04/2018)

It is being clarified that only the service categories which have been notified in Appendix 3D for SEIS are allowed for claim under SEIS. It is immaterial whether these notified services are delivered on an IT enabled platform or otherwise....

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Regional Authorities may allow revalidation of Advance Authorisation/DFIA

Trade Notice 03/2018-19-DGFT (25/04/2018)

It is clarified that Regional Authorities may allow revalidation of Advance Authorisation/DFIA, under the provisions of Para 2.20 of HBP, 2015-2020, which has been amended vide Public Notice 38 dated 11.2017, even if Authorisation is issued under FTP, 2009-14 provided conditions stipulated in the said Public Notice are fulfilled....

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Import of EOUs/EHTP/STP /BTP without payment of duty

Circular No. 10/2018-Customs (24/04/2018)

Clarification on Import of EOUs/EHTP/STP /BTP without payment of duty following Rule 5 of Customs (Import of Goods at concessional rate of Duty) 2018...

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Anti-dumping duty on imports of Methyl Ethyl Ketone or MEK

Notification No. 23/2018-Customs (ADD) (24/04/2018)

Notification No. 23/2018-Customs (ADD) Seeks to impose definitive anti-dumping duty on imports of Methyl Ethyl Ketone or MEK originating in, or exported from China PR, Japan, South Africa and Taiwan...

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Fugitive Economic Offenders Ordinance 2018

No. 1 of 2018 (21/04/2018)

Fugitive Economic Offenders Ordinance 2018 to provide for measures to deter fugitive economic offenders from evading the process of law in India by staying outside the jurisdiction of Indian courts, to preserve the sanctity of the rule of law in India and for matters connected therewith or incidental thereto....

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Order No. 57 of 2018: Extension of ad-hoc Appointments of 15 ITOs to ACIT grade

Order No. 57 of 2018 (23/04/2018)

In continuation of order No. 137 of 2016 dated 22.07.2016 , the President is pleased to extend the ad-hoc appointments of the following Income Tax Officers to the grade of Assistant Commissioner of Income Tax for the vacancy year 2014-15 from 22.07.2017 to 21 07 2018...

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List of auditable cases for internal audit in ITBA ( Audit module) – Reg.

ITBA – Audit Module-Instruction No. 4 (23/04/2018)

The list of auditable cases for the period 1st September 2017 to 31st December 2017 has been made available in ITBA now, which includes cases of International Taxation, Central Circles and Exemption charges also....

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