Notifications/Circulars

Govt increases minimum MSME procurement limit, Quota for women owned MSME

Govt increases minimum MSME procurement limit, Quota for women S.O. 5670(E) (09/11/2018)

Special provision for Micro and Small Enterprise owned by women. Out of the total annual procurement from Micro and Small Enterprises, 3 per cent from within the 25 per cent target shall be earmarked for procurement from Micro and Small Enterprises owned by women....

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Uploading of Supporting Documents (eSANCHIT) in Exports -reg.

Circular No 43/2018-Customs (08/11/2018)

Once a Shipping Bill has been filed, Customs officers will be able to access the uploaded electronic versions of supporting documents while viewing or assessing the Shipping Bill on ICES. During assessment, ICES provides for a query to be raised in order to call for additional documents or information....

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SEBI revises Procedure for Transfer of Securities in Physical Mode

Circular No. SEBI/HO/MIRSD/DOS3/CIR/P/2018/139 (06/11/2018)

It has been brought to the notice of SEBI that RTAs are seeking various documents for effecting transfer of securities and the documents sought vary across RTAs. SEBI has also received representations, highlighting difficulties faced by transferees in providing these documents....

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ECB Policy Review of Minimum Average Maturity & Hedging Provisions

Minimum average maturity: Reduce the minimum average maturity requirement for ECBs in the infrastructure space raised by eligible borrowers under paragraph 2.4.2 (vi) of the aforesaid Master Direction from 5 years, as stipulated under paragraph 2.4.1(iv), to 3 years; and...

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Collection of tax at source (TCS) under GST by Tea Board of India

Circular No. 74/48/2018-GST (05/11/2018)

Tea Board of India, being the operator of the electronic auction system for trading of tea across the country including for collection and settlement of payments, admittedly falls under the category of electronic commerce operator liable to collect Tax at Source (TCS) in accordance with the provisions of section 52 of the Central Goods an...

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Scope of principal & agent relationship in context of del-credere agent

Circular No. 73/47/2018-GST (05/11/2018)

Concerns have been expressed regarding the valuation of supplies from Principal to recipient where the payment for such supply is being discharged by the recipient through the loan provided by DCA or by the DCA himself. Issues arising out of such loan arrangement have been examined and the clarifications on the same are as below:...

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No TDS under GST on supply from PSU to PSU

Notification No. 61/2018 – Central Tax (05/11/2018)

CBIC exempt supply of Goods and Services from PSU to PSU from applicability of provisions relating to TDS vide Notification No. 61/2018 – Central Tax Dated 5th November, 2018....

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Amendment of Appendix – 2T of Appendices and Aayat Niryat Forms

Public Notices No. 44/2015-2020 (05/11/2018)

DGFT revises products falling under the jurisdiction of S.No.11 and 22 of Appendix - 2T of Appendices of Foreign Trade Policy, 2015-20 vide Public Notice No. 44/2015-2020 Dated The 5th November, 2018....

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Chief Commissioners get powers to assign cases for adjudication of SCNs

Notification No. 91/2018-Customs (N.T.) (05/11/2018)

CBIC gives Chief Commissioners powers to assign the cases for adjudication of show cause notices (SCNs) within their respective jurisdiction vide Notification No. 91/2018-Customs (N.T.) Dated 5th November, 2018....

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Reg. Export of findings like posts, push backs, locks up to 22 carats

Notification No. 43/2015-2020 (05/11/2018)

Para 4.32(i) and Para 6.01(a) of Foreign Trade Policy 2015-20 are amended to allow export of findings like posts, push backs, locks which help in collating the jewellery pieces together, containing gold of 3 carats and above up to a maximum limit of 22 carats only from domestic tariff area and EOU/ EHTP/STP/BTP Units....

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